Posted by Yole Bek > 2017-11-01 12:57 | Report Abuse

Engine started?

Posted by Cnlim > 2017-11-01 13:46 | Report Abuse

YeS before it is too late tp 0.38

Posted by hng33 > 2017-11-01 14:21 | Report Abuse

crude oil continue up

Posted by ankahill > 2017-11-01 15:20 | Report Abuse

i3lurker 33 sen too expensive dun buy

suddenly 66 sen earnings cannot support dun want buy

then RM1.30 must be fake .... will come down soon dun want buy

go up RM3.00 all tipu punya case ... will come down soon

went up RM6.00 not sustainable poor book order dun want buy.

finally RM10.00 tell everybody this stock is cheating people still have not bought dun have any inside Portfolio.

same thing happened in all GLC counters...eg TIME ... history repeats itself....

:) Hhahahahahhahahaaha very right!! :D

Posted by hng33 > 2017-11-01 16:35 | Report Abuse

crude oil push up almost another 1%

Posted by hng33 > 2017-11-01 16:41 | Report Abuse

umwog warrant so geng

Posted by hng33 > 2017-11-01 16:49 | Report Abuse

umwog need to catch up

Posted by ivan9511 > 2017-11-01 17:24 | Report Abuse

yes limit up
limit up
umwog
up

Posted by Yole Bek > 2017-11-01 17:37 | Report Abuse

i3luker you must consider the debts

Posted by offshore > 2017-11-01 18:45 | Report Abuse

Haiiii ... said until saliva run dry already. The assets of this company is bought at the time when oil price was high, mostly with debt, now oil price has dropped, their asset value also drop but debt remain very high, they can't roll over their loan with the reduced value of asset, so shareholder has to make up the shortfall with a big hit on dilution. The last i heard, they are still trying to refinance their existing debt, the RI proceed only reduce a portion of it.

If a newcomer joins in, they will have the cost advantage because the asset value is matched with the current oil price vs. umwog, all bought at high price.

Posted by einvest88 > 2017-11-01 20:47 | Report Abuse

Gearing drop from 1.40+ to just 0.40...60m interest savings...after paid 1.5b debt with right issue...on d road of recovery...see latest Q already see revenue jump from 50m to 149m...

Posted by Rayz John > 2017-11-01 22:40 | Report Abuse

Bit weird when ASB acquired 2.7billon umwog share at the end of the year... need money to pay asb dividend for 2017...maybe kot huhu...take care urself...dont be trapped..

Posted by TakeProfits > 2017-11-01 23:03 | Report Abuse

i3lurker, ...600m turnover is not a great figure fur a 8bn shares issued company. Let's hope and see how management manages and executes their strategy..n

Posted by offshore > 2017-11-02 00:16 | Report Abuse

Most of their loan is on 5+5. That's not really long term considering the rig can be used up to 30 years. After 5 years, the bank may not agree to a rollover, then how? Now they are pushing the financing limit by refinancing some of their assets that are already been fully paid off.

By the way, the RI proceeds are used to pay off part of the bank loan only. Another few hundred which is supposed to be working capital will be used to pay off UMW advance. You call that cash rich? If they are cash rich, they should buy more asset now cos it's cheap. Instead, they may be disposing their HWU assets and pipe threading business.

Your strategy only allow you to be cash flow positive. What about depreciation? It will take away huge profit. I never say this company will go bankrupt but don't expect fantastic profit and best of all, the profit is shared by large amount of capital.

Posted by sparta > 2017-11-02 02:22 | Report Abuse

https://klse.i3investor.com/blogs/spartan/136969.jsp

Posted by godhand > 2017-11-02 09:31 | Report Abuse

I look at 2016 balance sheet. fuging high gearing

Posted by TakeProfits > 2017-11-02 10:00 | Report Abuse

2016 accounts show high gearing. Recent rights issue wipe out high gearing. Unwog now financially in better shape. Now crucial for umwog management to manage and EXECUTE well and
Not make anymore blunders. Of course oil price dependent. But with support of our local fund institutions, umwog hopefully is on the mend. Management please don't slack and neither take too long kopi breaks. Shareholders will come after management if you all goyang kaki.

Posted by tronx > 2017-11-02 10:00 | Report Abuse

Warrant fly like no tomorrow

Posted by cutie > 2017-11-02 10:05 | Report Abuse

look at the 2015 balance sheet too..how is it?

Posted by hng33 > 2017-11-02 10:10 | Report Abuse

gooooooooooooooooooooooooooooooooo

Posted by rijack88 > 2017-11-02 10:15 | Report Abuse

gogogogoggogo.....!

Posted by cutie > 2017-11-02 10:18 | Report Abuse

mother share so slow....getting older now cannot run. son is strong and fit. take red bull.

Posted by cutie > 2017-11-02 10:19 | Report Abuse

34 sen can sapu now.

Posted by godhand > 2017-11-02 10:44 | Report Abuse

i bought reach-wa.

Posted by godhand > 2017-11-02 10:46 | Report Abuse

we compare in the end whos profit percentage higher =)

Posted by gong_kia > 2017-11-02 11:05 | Report Abuse

Like mother like son.. slowly mother will run as fast as son.

Posted by badnewsborat > 2017-11-02 11:21 | Report Abuse

gogogoog!

Posted by badnewsborat > 2017-11-02 11:21 | Report Abuse

confirm wont drop anymore! gogoogo! up up!

Posted by hng33 > 2017-11-02 11:23 | Report Abuse

momentum is getting higher

Posted by cutie > 2017-11-02 11:24 | Report Abuse

later those with warrant will sell and switch to mother share. that is the time mother share go up ,

Posted by rijack88 > 2017-11-02 11:36 | Report Abuse

coming.. !!!

Posted by rijack88 > 2017-11-02 11:39 | Report Abuse

Son crazy d.. mother should be coming!

Posted by sparta > 2017-11-02 11:42 | Report Abuse

SURE KABOOM - https://klse.i3investor.com/blogs/spartan/136969.jsp

Posted by cutie > 2017-11-02 11:44 | Report Abuse

son has a Nike while mother has a Bata....but just bought a Puma....she is putting on now.

Posted by hng33 > 2017-11-02 11:56 | Report Abuse

sold back all umwog at 34.5sen, lock very handsome contra profit, free up all margin line capital first

Posted by offshore > 2017-11-02 12:22 | Report Abuse

Yeah, drilling activities now on the rise. Umwog should buy more rigs before the price of rigs increase. Borrow more money, ask for more RI and buy more rigs now. Show us how confident you are with this uptrend.

Posted by ivan9511 > 2017-11-02 12:26 | Report Abuse

as I said yesterday and before sure up
congratulations all holder or buy belowv 30 .
now we earn good profit
yes yes limit up

Posted by einvest88 > 2017-11-02 12:29 | Report Abuse

Rig Count: Bottom Is Near

Oct. 23, 2017 9:11 AM ET| Includes: BNO, DBO, DNO, DTO, OIL, OILK, OILX, OLEM, OLO, SCO, SZO, UCO, USL, USO
ValueAnalyst
ValueAnalyst
Value, long-term horizon
MARKETPLACETesla Forum

(4,159 followers)
Implications

Despite oil bears' screams that "rig counts no longer matter," they sure do.

Even though the recently invented metric, "rig productivity," has surged in 2015, the more recent data prove that a large chunk of this increase was primarily due to operators focusing on the most productive wells, also known as "high grading." This trend, however, has recently reversed as the number of drilled wells has increased since 4Q16, and operators have had to look beyond the most productive regions in a given shale play. The following graph illustrates this phenomenon for the Permian Region:



Unfortunately for oil bears, oil production is simply the sum of oil produced from new wells and existing wells. The following graph from the EIA's Drilling Productivity Report shows that oil production from existing wells has continued to decline at an accelerating rate:



Bottom Line

With the recent large drops in domestic rig count, combined with lower new-well oil production per rig, as well as accelerating declines from existing wells, I expect U.S. oil production to continue to disappoint throughout 4Q17.

The only bear argument left is that the completion of drilled-but-uncompleted wells will magically accelerate at still depressed oil prices, which is a myth I colorfully busted in Will DUCs Sink Oil Prices?

Posted by yorie > 2017-11-02 12:55 | Report Abuse

smooth sails ahead

Posted by supermx2 > 2017-11-02 14:14 | Report Abuse

Once this sohai sparta starts to shout for buy,u know it is time to sell. This sohai sparta has got many stocks wrong already, 90% of his stocks call jump water. Only how to shout buy after shares moving, and get trapped at high price. really a sohai.

Really thick skin, somemore dare to call himself sifu and write blog, even a secondary school children can invest better than him. Lol..

Posted by tronx > 2017-11-02 14:17 | Report Abuse

supermx2 most of his buy call is asking peope go Holland. Seldom buy call can make profit.

Posted by Acapulco > 2017-11-02 14:19 | Report Abuse

Cheap rigs available in the market could be old and old-specced rigs. Maybe for umwog it wouldn't be as simple as buying more rigs now...

Posted by tronx > 2017-11-02 14:47 | Report Abuse

Haiya, I queue 0.225 WA, please sell to.me

Posted by tronx > 2017-11-02 14:53 | Report Abuse

245 likely to break. Add oil, I waiting at 225

Posted by ivan9511 > 2017-11-02 14:58 | Report Abuse

yes limit up
i likeby this counter

Posted by moneycashrich > 2017-11-02 15:54 | Report Abuse

good rally........rowing rowing.....going going.....happy trading.

Posted by einvest88 > 2017-11-02 15:57 | Report Abuse

soon many will buy above 50c...tak beli nanti then buy 70c...

Posted by einvest88 > 2017-11-02 16:03 | Report Abuse

99% fund manager either stuck UMWOG at high px (at least above IPO 2.80) or already sell off at a big loss. Currently almost all of them has zero holding...When later see financial result U turn...they will jump in like the way they sapu steel counters...push Annjoo to almost from 50c+ also ask u to buy...They will repeat again push UMWOG above RM1 or RM2 also ask u to sapu....History always repeat by itself.

Posted by WallStBull > 2017-11-02 16:33 | Report Abuse

row, row, row your boat.. gently down the stream

been rowing my boat since 28.5 sen..

Posted by ankahill > 2017-11-02 17:09 | Report Abuse

:D