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8,370 comment(s). Last comment by Mikecyc at Mar 30, 2020 10:47 PM
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Mikecyc
3765 posts

Posted by Mikecyc > Mar 26, 2020 5:15 PM |

Post removed. Why?


danny123
758 posts

Posted by danny123 > Mar 26, 2020 8:50 PM | Report Abuse

You are right robinson


calvintaneng
35241 posts

Posted by calvintaneng > Mar 27, 2020 12:16 AM | Report Abuse

Mikecyc is the liar who said no subsea

See the proof T7 Global won subsea jobs

OTHERS T7 Global Berhad ("the Company" or "T7 Global") - Letter of Award for the provision of integrated well services for intervention, workover and abandonment from Vestigo Petroleum Sdn. Bhd.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3001817


Philip ( Dr. Fauci my Hero)
2846 posts

Posted by Philip ( Dr. Fauci my Hero) > Mar 27, 2020 6:01 AM |

Post removed. Why?


Mikecyc
3765 posts

Posted by Mikecyc > Mar 27, 2020 6:36 AM |

Post removed. Why?


Mikecyc
3765 posts

Posted by Mikecyc > Mar 27, 2020 6:37 AM |

Post removed. Why?


Mikecyc
3765 posts

Posted by Mikecyc > Mar 27, 2020 6:38 AM |

Post removed. Why?


bee7
10 posts

Posted by bee7 > Mar 27, 2020 11:39 AM | Report Abuse

Guys, let’s hope for the best


Mikecyc
3765 posts

Posted by Mikecyc > Mar 29, 2020 10:51 PM | Report Abuse

Why delete post , liar?


Mikecyc
3765 posts

Posted by Mikecyc > Mar 29, 2020 10:54 PM | Report Abuse

Your link announcement is Vestigo not Petronas Carigali, and why you agreed is 10 years ? Subsea is 5 years only .


Mikecyc
3765 posts

Posted by Mikecyc > Mar 29, 2020 10:55 PM | Report Abuse

The new Malaysian government will likely revise Budget 2020 amid the start of a crude oil price war, says a research house. The edge ..

See there will changes as the Budget is reference to oil price between 62 , now oil price is 34.

Petronas will scale down the job requirements also..

Kon artist is blowing ke ...

2. Today T7 management think T7 is oversold
So company is buying back T7 shares as high as 34 sen

Answer : T7 had been doing share buy
back over one year accumulated
2 % of issues shares to maintain
Price for 10 % PP shares with
planned ex price 0.43 . Tan Sri
Himself is actively buying also
Over recent months ( when no
Share buy back ) to maintain
the price ..just fishy ..

4. The locked in jobs are very long term for 5 to as long as 10 years
So in cyclical oil demand T7 will surely rebound higher one day

Answer : Petronas Carigali job is shared
with it’s partner VME , so Profit is
shared 50 : 50 . The value of the
Job is based on work orders , no
work orders just koyang kaki.

USA previously is the biggest oil
Consumer, Today is the Fourth
biggest oil export country .

The United States is the top oil-producing country in the world, with an average of 17.87 million b/d, which accounts for 18% of the world's production. This is up from the 15.6 million b/d in 2017. ... The U.S. has been a net exporter of oil (i.e., exports exceed imports) since early 2011.


Mikecyc
3765 posts

Posted by Mikecyc > Mar 29, 2020 10:56 PM | Report Abuse

Petronas Carigali contract :

For the provision of leasing, operating and maintenance of Mobile Offshore Production Unit ( MOPU ) , is not subsea but Offshore.

Effective date of contract is 1/2/2020, and Acceptance date is 27 months from the Effective Date.

The time charter period is 10 years from the Acceptance Date .

Petronas will scale down or delayed the project as said Petronas had delayed project activity for at least half a year based on Activity Outlook.


Mikecyc
3765 posts

Posted by Mikecyc > Mar 29, 2020 10:57 PM | Report Abuse

Today 10/3/2020 Moody analysts had said 4 points for oil price recovery, one point is to reduce the most burning money of finding new oil site reserves , Petronas Carigali will scale down their expenditures...


Mikecyc
3765 posts

Posted by Mikecyc > Mar 29, 2020 10:57 PM | Report Abuse

According to the research house, while channel checks with industry players reveal few signs of Petronas delaying its 2020 work programme, a downward revision in capex spending, rate and work activities tend to have a six-month lag.

With no signs of a compromise between Opec and Russia on potential supply cuts, possibly until June, Affin Hwang sees risk of slower contract roll out , even for potential beneficiaries of Petronas' Activity Outlook.


Mikecyc
3765 posts

Posted by Mikecyc > Mar 29, 2020 10:59 PM | Report Abuse

Referred to audited FY18 report :

PPE = 53 million
Total receivable = 62 million

If consider external auditor The Risk of trade receivable that are past due but not impaired amounted to 44.8 million :

Total receivable (2) = 62 - 44.8 = 17.2 million .. a risk..

Borrowing = 39.2 million
Total payable = 48 million

Gearing Ratio = 0.74 .. a risk ...

Cash n balances = 36.3 million compared to FY17 is 84 million , reduced by 47.7 million... a risk..

External Auditor outlined The Risk :

Refer to Note 14 to the financial statements. We focused on this area because the Group has material amount of trade receivables that are past due but not impaired amounted to RM44,775,734. The key associate risk was the recoverability of billed trade receivables as management judgement is required in determining the completeness of the trade receivables provision and in assessing its adequacy through considering the expected recoverability of the year-end trade receivables.


Mikecyc
3765 posts

Posted by Mikecyc > Mar 29, 2020 10:59 PM | Report Abuse

Referred to FY19 4Q unaudited report :

PPE = 59 million

Borrowing = 45.65 million

Gearing Ratio = 0.78 ... getting risky


Note :

many people may have forgotten the scandal that broke out at T7 Global Bhd,then known as Tanjung Offshore Bhd about 5 years ago ,involving fraud and money laundering allegations.


Mikecyc
3765 posts

Posted by Mikecyc > Mar 29, 2020 11:01 PM | Report Abuse

Brent oil is down to 27 per barrel , OGSE good time is over .


faizal
44 posts

Posted by faizal > Mar 30, 2020 9:06 AM | Report Abuse

calvin bro agreed...this come from china Johnchew5,shootup,mikecyc,charesT Virus
what is Virus ?
In program attack computer and website
covid-19 Attack people .
Johnchew5,shootup,mikecyc,charesT Virus in i3investor attack all company in i3.

don't let them open bad mouth spread virus into malaysia i3 land. i3 investor fans is strong antibody all together removed Johnchew5,shootup,mikecyc,charesT Virus in our malaysia i3 land...


Mikecyc
3765 posts

Posted by Mikecyc > Mar 30, 2020 10:45 PM | Report Abuse

Why Vincent Tan sold all his shares in T7 :

Semalam,Tan memutuskan untuk menjual semua kepentingannya dalam T7 Global susulan terdapat laporan dikatakan tidak tepat dalam berita dan media sosial mengenai tindakannya membeli 21 juta saham syarikat itu baru-baru ini.

Dalam satu kenyataan media, Pengerusi Eksekutif Kumpulan Berjaya itu berkata, beliau sudah pun menjual sebahagian sahamnya dalam T7 Global bermula kelmarin dan akan menjual keseluruhannya dalam tempoh selanjutnya.

Beliau berharap, tindakannya itu akan mengakhiri sebarang kontroversi selanjutnya mengenai isu terbabit.


RABU, 27 JUN 2018 @ 6:00 PM


Mikecyc
3765 posts

Posted by Mikecyc > Mar 30, 2020 10:47 PM | Report Abuse

Brent oil 25 per barrel at this time ... avoid OGSE stocks.

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