Umwog current rig utilisation contracts are up for short term for another year only but they will aggresively tender more contracts as daily charter rates are going up after OPEC production cut. My piece of advice is dont get affected by other temporary negative comments here and hold on. I believe after next year quarter report, at least TP of 0.45 or above. If you sell now or at 0.35 and there is people who is willing to collect, you should think again why they want to collect at 0.35 ^^

Its just the beginning, the market is a noisy place. Dont get affected by people who dont understand the counter. Your confidence is what builds the stock price stability.

27Nov2017 - 32 cents

I will update again when the price hits a higher mark :)

Pmaster, its up for speculation as umwog profit is highly dependent on daily charter rates of oil price. Secondly, you cant expect a company which made losses in 2 years back to the black in two quarter.
It is just two well performing quarter that can recover our confidence for its future. Umwog is a long tern investment.

actually the boom comes in next quarter :)

this rebound is just a beginning ^^

a deceive move from bod, letting go tmr morning to prevent further loss

Optimistic of the next quarter earnings report. Then if OPEC meeting cut production. This time sui liao lah hahaha

bouncing back soon as umwog is strongly related to klci and brent crude/wti. KLCI and bc/wti is rebouncing back. Just a matter of time for umwog adjustment of price.
Load up before its too late!

Counter gonna double up on Nov 27/28 or 30 :D