The above was 70 yrs crude oil chart. The  bear correction in the crude oil market from 2007-2016 finally over. We are in the beginning of another major secular bull market expect to run for another 10-20 years b4 elctrical car finally come into the market on big way. Stock in this sector are all cheap cheap like "kangkong". If you listen to those analyst saying that crude oil will drop to 10 then u will regret for life another one more time, just like how u miss for steel stock on early 2016 when all selling at rock bottom price.

The run for O&G likely to repeat what happen in steel sector. Steel sector was peak in 2007 and took almost 10 yrs to finish the bear correction cycle. Similarly crud eoil hit 147+ in 2007 then bottom out at 26+ at beginning of 2016. With crude oil now has confirmed making higher low (26+ and 42+) and soon you will be seeing higher high when break above 56+ b4 yr end, then O&G stock will expect to run wild like what happen to steel stock. The steel stock has generally ran up about 5-7x after 1 yr and u will expect O&G stocks will repeat the similar run as well.

When a market turnaround from a major bottom, 1st always look for the market leader. For O&G, obvious leader is Senergy, however company that involve in oil rigs biz likely be the one 1st to benefit from rising crude oil prices. In this case, obviously UMWOG is the biggest beneficiary. 

From chart, UMWOG obviously making convergence on both daily and weekly chart indicating that bottom is coming. This stock likely to be the biggest turnaround in the O&G industry for 2018. 3 main reason behind it

1. Huge back up by Govt link company like PNB, EPF and TBH

2. Strong biz connection with Petronas as both heavily owend by Govt

3. Worst is over due to completion of corporate exercise.

You would be surprise if UMWOG surpass RM1 in 2018 as no one like themselves to be called a penny stock.