Posted by bullrun168 > 2024-06-11 06:55 | Report Abuse

Wow, oil price was spike up like mad !
Brent closed at=>
$81.63 +$2.01 +2.52 %

Like that today Velesto will be limit up already to closed at =>
0.575 (+0.30) (+109.1 %) !

Heng ah, Ong ah, Huat ah !

Posted by hzboi > 2024-06-11 07:38 | Report Abuse

Crude had a major rebound. Warren Buffet non stop buying OXY. Given the volume we had yesterday, is today the day this break out? The absence of sellers and more buyers?

But I remember this counter is Velesto. So I better not get my hopes up or I’ll be disappointed again.

Posted by EAGLE > 2024-06-12 12:15 | Report Abuse

Ini counter cartel sindiket control. Trade among themselves only to trap small fishes. Hahaha...if no holding power, stay away or get burned.

Posted by Macgyver111 > 2024-06-14 21:03 | Report Abuse

Not energy theme right now. All the big2 shark go to Data centre right now. Energy theme will follow once DC fever is over..sabar2 not long.

Posted by hafizduhari > 2024-06-15 19:57 | Report Abuse

i saw SHARK in this compny huhu

Posted by Macgyver111 > 2024-06-18 06:44 | Report Abuse

Wow! Brent usd 84 now. It means DCR for usd 100 and above is imminent. O&G bull run coming soon.

Posted by Neoh10855 > 2024-06-18 10:21 | Report Abuse

Dreaming..

Posted by Izhammmm > 2024-06-18 10:36 | Report Abuse

Mclean up up

Posted by azfar8 > 2024-06-18 16:23 | Report Abuse

No point if i sell at this level, it's just make the operator happy collecting lower. Maybe I am wrong, but fundamentally, it looks good. It's just in the technical analysis called "noise" made by syndicate group. However, I maintained that I will not averaging at this level because no more asset to be allocated.

Posted by Macgyver111 > 2024-06-18 20:05 | Report Abuse

I know you guys frustration. You guys maybe miss lot of opportunities in Data centre counters that recently emerged hot..go all time higher. Smart said, don't put all your eggs in one bucket. I used to kept some spare money to use during this kind of bull run. But believed me, Velesto will erupt suddenly without notice..happened before. For those who follow veleslow for long period will know the real story. Patience sabar.

Posted by Macgyver111 > 2024-06-18 20:21 | Report Abuse

Hai! Bucket pulak..basket

Posted by 167697 > 2024-06-19 00:57 | Report Abuse

seems like double bottom 15m chart....probably going up very soon

Posted by SinGor > 2024-06-19 14:51 | Report Abuse

https://oilprice.com/Energy/Crude-Oil/80-More-Years-of-Oil-The-Big-Attraction-of-Carbon-Capture.html
_____________________________

80years more for oil usage ( DonT dump your Old proton saga yet ---save for your grand Children )

Posted by Neoh10855 > 2024-06-19 16:35 | Report Abuse

RM16Mil selling T Rm0. 26 😳Good QR but I suspect that's fake.

Posted by 167697 > 2024-06-20 14:21 | Report Abuse

Falling wedge ...possible 0.25 is bottom. No point selling now continue to hold and wait for top

Posted by Macgyver111 > 2024-06-20 18:10 | Report Abuse

It is not a question of reaching bottom or price falling, it is running flat. Normally, mid-to-long-term investors see like this...before it reaching the next level. For untrained eyes, they see zig-zag patterns. For short traders, they will make noise...lousy stock lah, go Holland lah and so on.

Posted by Baby Shark > 2024-06-21 10:59 | Report Abuse

I value this counter 0.15..

Posted by Neoh10855 > 2024-06-21 17:03 | Report Abuse

Below 0.15...

Posted by 167697 > 2024-06-21 22:07 | Report Abuse

still have rig contracts. not as good as data centre frenzie but double bottom for a reversal up soon from 0.25. It is not like it is a P17 company... has a reducing debt equity ratio from 49% to 13%. Maybe drop because PE higher than dayang hibiscus.

Posted by 167697 > 2024-06-21 22:40 | Report Abuse

if you see the weekly chart it is on a rising sma20 and at bottom of linear regression channel. I opine it is still positive although not as good as EG Notion JCY hexcap etc

Posted by 167697 > 2024-06-21 22:42 | Report Abuse

I think people are taking profit at above current price

Posted by bullrun168 > 2 months ago | Report Abuse

Walaoeh, oil price spike up like mad !
Brent closed at=> $86.01 +0.77 +0.90 %
Heng ah, Ong ah, Huat ah !

Posted by Neoh10855 > 2 months ago | Report Abuse

Yeah.. Good QR but go to. 245 already! Huat Ah 🖕

Posted by liferosak > 2 months ago | Report Abuse

veles to die

Posted by Expertise > 2 months ago | Report Abuse

buta buta kejar diedie lor…already bottom..TQ veleslow let me grab the dip

Posted by bullrun168 > 2 months ago | Report Abuse

Walaoeh, what happend ?
Super damn hot man Velesto today !
Now Velesto was traded at @0.255 (+0.005) (+2.0 %)

Heng ah, Ong ah, Huat ah !

Posted by bullrun168 > 2 months ago | Report Abuse

Expertise, the dip is 25 cent this morning if you able to grabbed it, now no more already !
From today onwards is the start of bull run for O & G counters already !

T.p for Sep 2024 => 0.30
T.p for Dec 2024 => 0.50
T.p for Mar 2025 => 0.70
T.p for Jun 2025 => 0.90
T.p for Sep 2025 => RM1.20
T.p for Dec 2025 => RM1.50

Heng ah, Ong ah, Huat ah !

Posted by bullrun168 > 2 months ago | Report Abuse

Expertise, the dip is 25 cent this morning if you able to grabbed it, now no more already !
From today onwards is the start of bull run for O & G counters already !

T.p for Sep 2024 => 0.30
T.p for Dec 2024 => 0.50
T.p for Mar 2025 => 0.70
T.p for Jun 2025 => 0.90
T.p for Sep 2025 => RM1.20
T.p for Dec 2025 => RM1.50

Heng ah, Ong ah, Huat ah !

Posted by Expertise > 2 months ago | Report Abuse

Hope is not a fake rebound lor...risky too ,the chart near sma200 that bottom aroun 20cents..Heng ah

Posted by hafizfizor90 > 2 months ago | Report Abuse

yess finaly spike like musang king

Posted by bullrun168 > 2 months ago | Report Abuse

Wow, Fantastics !
Now Velesto was traded at @0.26 (+0.01) (+4.0 %)

Heng ah, Ong ah, Huat ah !

Posted by serbatipu > 2 months ago |

Post removed.Why?

Posted by Neoh10855 > 2 months ago | Report Abuse

Siok sendiri

Posted by diuleiloumei > 2 months ago | Report Abuse

Kakikong kakisong

Posted by SinGor > 2 months ago | Report Abuse

https://oilprice.com/Latest-Energy-News/World-News/StanChart-Eyes-Strong-Q3-Fundamentals-for-Oil-Price-Rally.html

Posted by Macgyver111 > 2 months ago | Report Abuse

Some institutional take profit last couple weeks including HL bank, Manulife, Fidelity and etc. I saw some new IB (foreign bankers), take this opportunities and buy in during price drop. Hope price will rise back after this.

Posted by Macgyver111 > 2 months ago | Report Abuse

https://www.thestar.com.my/business/business-news/2024/06/28/strong-earnings-visibility-forecast-for-velesto

Posted by Macgyver111 > 2 months ago | Report Abuse

CGSI Research said Velesto’s rig schedule suggests that it could hit over 90% utilisation in FY25.

PETALING JAYA: Velesto Energy Bhd is building strong earnings visibility for its financial year ending Dec 31, 2025 (FY25) and FY26, says CGS International (CGSI) Research.

The research house said Velesto’s latest rig schedule suggests an 82% rig utilisation rate for FY24, given all six of its jack-up rigs have already locked-up their contracts, with potential to rise above 90% in FY25, and at least 85% in FY26.


As Velesto is bidding for FY26 work in today’s high daily charter rate (DCR) environment, there is potential to sustain high profitability for the next three years, it noted.

“The key uncertainty is for second half of this year (2H24), where Velesto will send three of its rigs (Naga 2,

“Naga 2 is contracted to drill for PETRONAS Carigali Sdn Bhd (PCSB) from Oct 2024 to Feb 2026; Naga 4 will drill for PCSB from Sept 2023 to Feb 2026; Naga 6 is contracted by PCSB from Dec 2024 to Feb 2026; while Naga 8 has been drilling for Carigali Hess since July 2023 and will continue until Oct 2025,” it said.The research outfit, however, pointed out that big gaps in the FY25 schedule are for Naga 3 and Naga 5.

But, citing data provider Riglogix, CGSI Research said Naga 3 may work for Indonesia’s national oil company PT Pertamina for two years commencing April 2025, while Naga 5 may drill for PTT Exploration and Production in Malaysia for two years commencing Dec 2024.

Posted by Neoh10855 > 2 months ago | Report Abuse

Lai liao Lai liao...
Heng Ah Ong Ah Huat Ah.. 🤑🤑🤑

Posted by SinGor > 2 months ago | Report Abuse

My expectation is Velesto should breached 50cents in 3rd Qr given 2Qr results will be surprising Good
Nothing Bad is announced as of today 30June. I think peak earning is in 2Q24

Posted by hsong > 2 months ago | Report Abuse

Hurricane in the USA is coming in n will be stronger which will disrupt oil prices which will see a need to do more drilling else where

Posted by EAGLE > 2 months ago | Report Abuse

volcano suda mau meletup? berapa lama lagi sindiket mau tahan...contra players pigi jauh2

Posted by Baby Shark > 2 months ago | Report Abuse

Letup & jatuh to 10 cent..

Posted by bullrun168 > 2 months ago | Report Abuse

Walaoeh, oil price spike up crazily !
Brent closed at=> $86.60 +1.60 +1.88 %
Like that today Velesto going to limit up already liao lah !
Heng ah, Ong ah, Huat ah !

Posted by bullrun168 > 2 months ago | Report Abuse

Walaoeh, what happend ?
Super damn hot man Velesto today !
Now Velesto was traded at @0.275 (+0.01) (+3.8 %)

Heng ah, Ong ah, Huat ah !

Posted by EAGLE > 2 months ago | Report Abuse

walao masi tak mau liftoff

Posted by bullrun168 > 2 months ago | Report Abuse

Wow, Amazing !
Now Velesto was traded at @0.28 (+0.015) (+5.7 %)

Heng ah, Ong ah, Huat ah !

Posted by EAGLE > 2 months ago | Report Abuse

walao firing engine warm up

Posted by SinGor > 2 months ago | Report Abuse

oil will surely breached $90---Israel / Hezbollah war impeding and USA summer Driving

Posted by Macgyver111 > 2 months ago | Report Abuse

All the way to 0.40..