Sad case. Everyone here keep shouting positively for UMWOG to go up but those idiot IB (except Maybank) keep giving sell call and measly TPs from RM0.68 to RM0.80. Bila boleh naik sampai RM5.00?
. zulmuiz, some hopes somewhere somehow.... also opec/non-opec keep talking now and then, some say "cakap kosong only!" i keep longer term..and still collecting..because i believe there is still some hopes (not all kosong!)...
We are in a no win situation. Oil price goes up, then few years down the road oil company decide to expand, increase capital exp, then UMWOG get project, make profit, share price goes up. Meantime, before the UMWOG price goes up, petrol price goes up, every household things goes up, curry laksa, nasi lemak, roti canai all goes up,we all die!!!!
what wrong with US storage? keep dropping so much!! tomoro opec going sign oil freeze agreement!! No wonder sk today keeps flying although market sentiment no good!
Anyone works in the O&G field? Please share knowledge & info on this sector. If based on AllianceDBS research seems like all 8 Naga rigs are redundant. Is this true and does that mean that next quarter UMWOG has no sales??
All eight drilling assets are under warn stacked condition which mean no revenue generated from them but full crew are maintained. Next quarter sure loss already.
4 contracted out & 4 warm stacked, your info is incorrect & misleading. Obviously will still be a loss & the magnitude will depend whether there will be provisions. AllianceDBS research is misleading but read carefully about their disclaimers. Read Maybank Research
Location of warm stacked rigs 2 in Labuan & 2 in Batam
4 contracted out, do your own research to find out where. Making money from stock mkt is not easy without putting any effort. Receipe for disaster is relying on people who know jack shit & the fraudsters.
Basically I think UMWOG is paralyzed in ICU with 'loan' transfusion, already dead if not of his once rich daddy UMW, judging the no new proj coming in for near future. Upstream activities are freezing across the globe due to low oil price.
I agreed you view. maybe the operator trap many on c2 so now they want to trap people the reason why not play c1 maybe last time the operator alreadyy successful run out from c1 so warrant is play by operator and big fish small fish easy die haha thanks for teaching goldentriangle thnaks
goldentriangle thanks for advise ya la they are pushing umwoil call seem got a lot of group of clever traders doing something now haha thanks for goldentriangle advise I will skip umwoil they are werido goreng all umwo cw instaed of c1 feel something wrong I skip haha all the best goldentriangle to you
5243 (UMWOG °) DJ UMW Oil & Gas Well Positioned to Win Petronas Contracts -- Market Talk 26-09-2016 06:16:00
0616 GMT (Dow Jones) CIMB resumes coverage of UMW Oil & Gas (5243.KU) and upgrades the stock to a hold rating from reduce, saying the firm stands a good chance of winning contracts from national oil company Petronas. The broker also increases the target price for the oil and gas services provider to 0.99 ringgit from MYR0.38 ringgit previously. "Our sources indicate that Petronas is planning to award at least eight drilling contracts in 2017," said CIMB. UMW Oil & Gas is the largest domestic owner of jack-up rigs. The stock is down 1.12% to MYR0.88 versus the local benchmark stock index's 0.15% drop. (celine.fernandez@wsj.com)
OPEC production cut, why UMWOG bullish? Does it mean Petronas will increase production because Opec reduce? Therefore Petronas would need to increase drilling work and rent jack up rigs from UMWOG!!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Mgician
716 posts
Posted by Mgician > 2016-09-05 17:16 | Report Abuse
happy labor day..hehe