$BUMI armada active, up 3.54% on rising crude oil prices. Bumi Armada rose 2 sen to 58.5 sen with 10.83 million shares traded.
Oil markets were firm on Tuesday, with Brent crude prices holding near four-year highs reached the previous day as markets adjust to the prospect of tighter supply once the US sanctions against Iran kick in next month. Bumi Armada to gain traction from the rising oil prices. Backed by some good fundamentals Bumi Armada said the bareboat charter contract with Hoang Long Joint Operating Company (HLJOC) had been extended for a futher six years from August 27, 2018 until November 14, 2024, extending the original seven-year contract initially signed in 2009 which expired on August 26.....The Company is optimistic to do good in last quarter earning
Oil markets were firm on Tuesday, with Brent crude prices holding near four-year highs reached the previous day as markets adjust to the prospect of tighter supply once the US sanctions against Iran kick in next month. Bumi Armada to gain traction from the rising oil prices. Backed by some good fundamentals Bumi Armada said the bareboat charter contract with Hoang Long Joint Operating Company (HLJOC) had been extended for a futher six years from August 27, 2018 until November 14, 2024, extending the original seven-year contract initially signed in 2009 which expired on August 26.....The Company is optimistic to do good in last quarter earning
