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Deep-dive 2022-20: Velesto Energy

Forgotten Malaysian offshore drilling rig operator trading below peer multiples

Disclaimer: Asian Century Stocks uses information sources believed to be reliable, but their accuracy cannot be guaranteed. The information contained in this publication is not intended to constitute individual investment advice and is not designed to meet your personal financial situation. The opinions expressed in such publications are those of the publisher and are subject to change without notice. You are advised to discuss your investment options with your financial advisers, including whether any investment is suitable for your specific needs. From time to time, I may have positions in the securities covered in the articles on this website. Full disclosure: I do not hold a position in Velesto Energy at the time of publishing this article. Note that this is disclosure and not a recommendation to buy or sell.

Velesto Energy (VEB MK) is Malaysia’s largest owner and operator of jack-up rigs for offshore drilling for oil & gas. The company owns six jack-up rigs and four so-called “hy…

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Michael Fritzell