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Author: Chang Wt   |   Latest post: Wed, 28 Feb 2018, 12:51 PM

 

[ UMWOG ] An Analysis of Why UMWOG is Undervalued

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Most oil counters' stock price correlates directly with crude oil price. So does UMWOG

Notice in the graphs below, the chart patterns of both UMWOG and Crude oil is almost the same.

In February 2014, UMWOG is around RM4.50. Crude was around USD115.

Crude then bottomed at the time that UMWOG was around RM1. Beyond that point, crude rallied up to almost USD70 now, whereas UMWOG has just started rally from 20 over cents up to current price of 41.5 cents.

Do you think that UMWOG's share price is seriously undervalued, in comparison to the movement of crude oil price?

According to calculations per the correlations, at crude oil price of almost USD70 now, theoretically UMWOG should be trading at the RM2.40 region.

Price is what you pay, value is what you get.

Would you pay RM0.415 now to get a value of RM2.40?

 

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Labels: UMWOG

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