澳洲幸运5
热门标签

欧博在线注册:Sapura Energy outlook clouded by constraints

时间:2个月前   阅读:3

足球分析www.99cx.vip)是一个开放皇冠体育网址代理APP下载、皇冠体育网址会员APP下载、皇冠体育网址线路APP下载、皇冠体育网址登录APP下载的官方平台。足球分析上足球分析专家数据更新最快。足球分析开放皇冠官方会员注册、皇冠官方代理开户等业务。

PETALING JAYA: High gearing and working capital constraint continue to cloud the outlook of Sapura Energy Bhd although the group is making progress on its “reset plans.”

In the second quarter ended July 31, 2022 (2Q23), the oil and gas services provider narrowed its net loss by 99.8% to RM2.59mil from a year ago despite a poorer performance from its upstream division, SapuraOMV Upstream.

This came on the back of continued progress on claiming back project costs and asset disposals, said UOB Kay Hian (UOBKH) Research.

“However, its gearing remains high, and working capital constraints continue to impact execution, (causing) delays in rig startups,” said a research firm in a report.

It noted that the group, which remains under PN17 status, had “positively sought assistance from the debt restructuring committee of the central bank, which expects Sapura Energy to submit a restructuring plan within the coming weeks.”

However, UOBKH Research rules out the likelihood of a rights issue to raise funds. On the other hand, the research firm sees SapuraOMV’s monetisation as still a high possibility.

,

Telegram群组爬虫www.tg888.vip)是一个Telegram群组分享平台,飞机群组内容包括telegram群组索引、Telegram群组导航、新加坡telegram群组、telegram中文群组、telegram群组(其他)、Telegram 美国 群组、telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容,为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。

,

This is based on the observation that the 2P (total proven and probable) reserves, and 2C resources (which is the quantity of petroleum estimated) are higher versus 2018’s 253 million barrels per day.

Additionally, the go-ahead of the onshore sour gas plant signed between PETRONAS, Shell and Thai-based PTTEP under Bintulu’s Petrochemical Industrial Park means a direct progress on monetising SapuraOMV’s B14 field, which is tied to PTTEP’s Lang Lebah field offshore Sarawak.

“Given PTTEP’s commitment and hints that it may set up an office base in Sarawak, we see a possibility of it becoming a potential buyer,” said UOBKH.

But also in order to not offend Austrian oil company OMV, whose entry cost was US$1.6bil (RM7.4bil) in 2018, UOBKH Research said it assumes “Sapura may consider exiting its stake at close to OMV’s valuation of US$6.3 (RM29.1) per barrel, potentially freeing up capital of up to RM4bil on its 50% stake.

“While SapuraOMV’s associate earnings were disappointing in the first half of 2023 despite higher oil and gas prices, due to well write-offs and the unplanned maintenance of the Bintulu LNG terminal that impeded its gas production, we understand that the unplanned maintenance issue (for Module 5) was resolved in Aug 2022,” said the research firm, which maintains a “hold” call on the stock.

Meanwhile, Hong Leong Investment Bank (HLIB) Research thinks it will be an uphill task for Sapura Energy to turnaround its operations in the near-to-medium term due to heightened cost overruns in its projects.

The group could also face liquidity issues from difficulties in obtaining funding due to its stretched balance sheet as it is now a PN17 company; plus there are job delivery and execution risks as Sapura Energy has yet to display a satisfactory track record in recent years.

,

欧博在线注册www.aLLbet8.vip)是欧博集团的官方网站。欧博在线注册开放Allbet注册、Allbe代理、Allbet电脑客户端、Allbet手机版下载等业务。

上一篇:投资小提琴狂升至468万 梁建枫买乐器当退休金

下一篇:Kiếm tiền từ cờ bạc online:富贵一族 有品味 陈维安揸Benz跑爱红酒

网友评论