Oil rally sparking huge interest in Malaysia Oil and Gas

November 24, 2018

Dateline 2018-09-26, Marketpulse:

The rise in the price of crude oil to a four-year high of US$80 (RM331.20) a barrel has lifted over 20 oil and gas (O&G)-related stocks on Bursa Malaysia.

Bloomberg data shows five stocks have risen over 12% since Monday to the close of market yesterday as crude oil prices extended gains on prospects of tighter global supply availability, while 15 others rose between 1% and 10%.

The stock that has increased the most over the span of three trading days was Deleum Bhd which closed at RM1.14 yesterday, 16.92% higher than its close last Friday of 98 sen a share.

The company had recently secured three new contracts from Petronas Carigali Sdn Bhd, Sarawak Shell Bhd and Sabah Shell Petroleum Co Ltd for provision of integrated corrosion solution and oilfield services.

Deleum has a market value of RM461.29 million and its stock had returned 27% year-to-date, trading at 14 times its estimated earnings per share for the coming year.


‘O&G industry still offers attractive trading opportunities’

January 28, 2017

Dateline 2016-12-28, Borneo Post Online:

Despite the challenges and uncertainties faced by the oil and gas (O&G) industry this year, analysts are more bullish on the prospects of the sector in 2017, driven by various promising factors.

MIDF Amanah Investment Bank Bhd’s research arm (MIDF Research) in its 2017 outlook report, opined: “All is not doom and gloom in the O&G sector as opportunities still exist, especially for asset light and niche service providers.”

All things considered, it said, the O&G industry still offers attractive trading opportunities in line with the volatile movements in the global crude oil mart.

“We are negative on asset-heavy companies with heavy reliance on upstream exploration and production activities but we remain positive with downstream related companies.

“Having said that however, we recommend investors to cherry pick stocks within niche segments of the O&G value chain,” it added.

It suggested that Dayang Enterprise Bhd (Dayang) and Deleum Bhd (Deleum) are front are frontrunners with niche expertise in the upstream maintenance, construction and modification (MCM) works for Petroliam Nasional Bhd (Petronas) and its production sharing contractors.


Landmark Opec deal fuels local O&G stocks

January 7, 2017

Did you catch the price rise wave, or mistimed and was caught in the trough?

Dateline 2016-12-02, NST:

Oil and gas (O&G) stocks rallied yesterday after Organisation of the Petroleum Exporting Countries (Opec) agreed on Wednesday to cut output for the first time in eight years.

Among the gainers were Deleum Bhd, Dayang Enterprise Holdings Bhd, UMW Oil & Gas Corp Bhd, SapuraKencana Petroleum Bhd and Uzma Bhd.

Leading the pack was Deleum, with the counter jumping 10.5 sen, or 12.8 per cent, to 92.5 sen, with 4.97 million shares traded.

Crude oil prices steadied around US$53 (RM236.90) a barrel yesterday, holding on to big gains made after Opec and Russia agreed to restrict production.

In the meeting, Opec members agreed to cut oil output by almost 1.2 million barrels per day from January to June next year.


Saturday Star 2009-07-11 – Job Opportunities

July 13, 2009

Another week, another scan of the Saturday Star newspaper. Here’s a list of job ads in the paper:

  • First off, Synergy is looking for 5 lead safety engineers and 3 lead process engineers. Visit the Synergy website for contact details. And safety specialists. Ah, heck. If you have more than 5 years experience in O&G, apply. If you have less than 5, send a donation to the offshore account, and still get abuse.
  • If you want to “meet all challenges head on,” SBM  is looking for a principal eng (FW, marine, elect, inst, telecomm), senior (static eqt), intools eng. Send email here.
  • Isee UOP‘s got an office in Malaysia. Maybe I’ll get quicker responses from them.
  • Turboservices is looking for a project test eng. Send email here.
  • There’s an advert for a Singaporean company, Rotary. They want a assistant/project eng. Send email here.
  • Deleum is looking for senior engineers and engineers-customer service. Send email here.

Sigh, since I have moved with Synergy out of KL, will you patronise Chee Meng in my memory? Or invite me to meetings around Bukit Bintang at lunchtime? Is he doing packet specials?

Maybe I should change loyalty to Pakeeza, which is a bit closer to the office.