source : [Bonescythe Stock Watch]
Barakah - Raging Storms Drilling Oils
As the market had traded in a more cautious manner for the time being with the DJIA index consolidating at the range of 16000 after the bullish run up, could there be a Santa Claus coming on the December to give some winter boost this year?
Malaysia is very unique of it's own. Frankly speaking, the Malaysia KLCI had not seen any major changes back then after the post election in May 2013 this year as it had spent more than 6 months lingering at the 1800 range. While counter part had shown their interest on the upper side of the market by challenging higher mark, is Malaysia market, somehow, delayed? I would probably leave this to you to interpret.
While the current sentiment might not be so encouraging for investor to invest, or even trader to trade, however, one of the sector that might keep your interested could be the Oil and Gas industry in Malaysia. Locally and globally well known Petronas will be announcing their mega projects soon in the month of December 2013. As we can see many local players and sub contractors like Coastal, Scomies, Perdana, Perisai, Sumatec, Daya, Dayang, KNM, SKPetrol had been seeing more volume. While we are talking about more than RM 3billion worth of projects, the listing of UMWOG and Barakah in this intense period of time had definitely raised some eye browns and O&G watchdogs group.
Both IPO, listed around the same time frame had display a stronger outlook in the market with their shares grabbed up in the open market and consolidating on lower volume at a higher price which had maintained for around a month. While both are performing well, it came to my interest on Barakah Offshore Petroleum Bhd after studying their background.
Barakah, through the RTO of Vastalux on 28th November 2011, had relisted back on the 6th of November 2013. With a total shares issued of 624 millions shares, Barakah is spearheaded by some noticeable top management team that consist of a few heavyweight from Petronas.
With Encik Nik Hamdan on the Deputy Executive Chairman position, well verse with the Oil and Gas industry for over 20 years. Founder and managing director of PBJV Group Sdn Bhd, Nik Hamdan client profile includes prominent corporates such as Petronas Carigali, Sarawak Shell Berhad, ExxonMobil, Petrofac, Newfield, Murphy Oil, Talisman Malaysia Pte, VietsoPetro and some others. With his expertise in upstream pipeline services, his management team is further strengthened with Abd Hamid presence where En Abd Hamid had spent 28 years of his total 35 years career in the O&G industry with Petronas. En Abd Hamid highlights includes appointment of Managing Director/CEO of Petronas Gas Bhd in 1999 until 2003. While other figureheads like En Azman Shah, En Rasdee and Datuk Azizan are on the line, En Sulaiman, attached with Petronas for more than 25 years in areas such as engineering, construction and installation of the structural, tendering exercise, procurement, fabrication, hook up and commissioning of offshore facilities is another huge backbone for the whole team.
In my opinion, the backdoor listing of Barakah via RTO on Vastalux, the management team that consist of core people from Petronas, and the high anticipation season on the Petronas huge projects is definitely something that one should take some time and think about it.
While there are certain solid sources on huge proxy buy back on the shares from open market on Barakah, and with this, I believe that the bagging in of projects by Barakah from Petronas can be almost certain. Barakah via PBJV had tendered for Package A shallow water with a possible head to head battle against Target Energy where it carries out a maximum of RM900k per day on operating day rates.
In a short conclusion, with Barakah background of expertise and ex-Petronas members on the line, coupled with the buying back of the shares, you decide your game.
Malaysia is very unique of it's own. Frankly speaking, the Malaysia KLCI had not seen any major changes back then after the post election in May 2013 this year as it had spent more than 6 months lingering at the 1800 range. While counter part had shown their interest on the upper side of the market by challenging higher mark, is Malaysia market, somehow, delayed? I would probably leave this to you to interpret.
While the current sentiment might not be so encouraging for investor to invest, or even trader to trade, however, one of the sector that might keep your interested could be the Oil and Gas industry in Malaysia. Locally and globally well known Petronas will be announcing their mega projects soon in the month of December 2013. As we can see many local players and sub contractors like Coastal, Scomies, Perdana, Perisai, Sumatec, Daya, Dayang, KNM, SKPetrol had been seeing more volume. While we are talking about more than RM 3billion worth of projects, the listing of UMWOG and Barakah in this intense period of time had definitely raised some eye browns and O&G watchdogs group.
Barakah Offshore Petroleum Bhd
UMW Oil & Gas Corporation Bhd
Both IPO, listed around the same time frame had display a stronger outlook in the market with their shares grabbed up in the open market and consolidating on lower volume at a higher price which had maintained for around a month. While both are performing well, it came to my interest on Barakah Offshore Petroleum Bhd after studying their background.
With Encik Nik Hamdan on the Deputy Executive Chairman position, well verse with the Oil and Gas industry for over 20 years. Founder and managing director of PBJV Group Sdn Bhd, Nik Hamdan client profile includes prominent corporates such as Petronas Carigali, Sarawak Shell Berhad, ExxonMobil, Petrofac, Newfield, Murphy Oil, Talisman Malaysia Pte, VietsoPetro and some others. With his expertise in upstream pipeline services, his management team is further strengthened with Abd Hamid presence where En Abd Hamid had spent 28 years of his total 35 years career in the O&G industry with Petronas. En Abd Hamid highlights includes appointment of Managing Director/CEO of Petronas Gas Bhd in 1999 until 2003. While other figureheads like En Azman Shah, En Rasdee and Datuk Azizan are on the line, En Sulaiman, attached with Petronas for more than 25 years in areas such as engineering, construction and installation of the structural, tendering exercise, procurement, fabrication, hook up and commissioning of offshore facilities is another huge backbone for the whole team.
In my opinion, the backdoor listing of Barakah via RTO on Vastalux, the management team that consist of core people from Petronas, and the high anticipation season on the Petronas huge projects is definitely something that one should take some time and think about it.
While there are certain solid sources on huge proxy buy back on the shares from open market on Barakah, and with this, I believe that the bagging in of projects by Barakah from Petronas can be almost certain. Barakah via PBJV had tendered for Package A shallow water with a possible head to head battle against Target Energy where it carries out a maximum of RM900k per day on operating day rates.
In a short conclusion, with Barakah background of expertise and ex-Petronas members on the line, coupled with the buying back of the shares, you decide your game.
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