Whichever the focus is, crude oil and gas business is staying at least for another 30+ yrs.. gas business is for another 50-100 yrs.. Oil price is neutral now at $73 pb. Activities become viable and its economics looks good..
not sure about other logistic arm but their offshore support vessel is better than other provider. I think tanker business is dragging down the company. Those offshore regular will know about Nauticas... but of course lah it will be different story if talk about numbers. Good luck lah!
unlikely - looks like the force selling of Dato' Abdul Hak to continue in the coming weeks. He had 109 mil shares as at May, and only about 20mil sold to-date.
The real bottom price will be after that Abdul Hak disposed all his holdings.. Only if that the company has not gone into PN17 or delisted by that time, then it's a buy call from there
This time uptrend will be a blast for a counter of this size on offshore logistics business…O&G is picking up at USD73/barrel oil price… technically and timely look good now..
Not much a volume yet to push it seems, but completed simple uplift to 0.11 … will do it anytime with oil price above $70 per barrel now…and drilling activities started H2 this year towards 2022.. dont miss the wagon…
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caonima
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Posted by caonima > 2021-06-10 11:11 | Report Abuse
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