VELESTO ENERGY BERHAD

KLSE (MYR): VELESTO (5243)

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Last Price

0.215

Today's Change

+0.01 (4.88%)

Day's Change

0.205 - 0.215

Trading Volume

30,751,700


28 people like this.

24,135 comment(s). Last comment by azfar8 19 minutes ago

The_onE

69 posts

Posted by The_onE > 2014-02-25 15:57 | Report Abuse

not cool...not cool

Posted by saxman777 > 2014-02-26 11:32 | Report Abuse

I have my doubts on most of banks reports...

bless88

29 posts

Posted by bless88 > 2014-02-26 12:34 | Report Abuse

Yes true some bank reports is crazy look at aax all say buy buy give gud high TP than the current price and now see what happen. Anyway as long as this counter use the money to make fast bussines expansion is ok for money. Worth monitoring counter that use their money for fast expansion

Posted by saxman777 > 2014-02-26 13:48 | Report Abuse

Agreed bless88. Its a growth company anyway, so investment shd take this into account, rather than react on snapshot reports...

aiman168

799 posts

Posted by aiman168 > 2014-02-27 18:04 | Report Abuse

Buy at 4.17 my suggestion..

Posted by thunderbird > 2014-02-27 22:36 | Report Abuse

you want to buy as lower as possible of course, but who wants to sell at that price unless something's not right

gray

1,158 posts

Posted by gray > 2014-02-27 23:49 | Report Abuse

what the heck is wrong with the oil counters?

thek

232 posts

Posted by thek > 2014-02-28 06:22 | Report Abuse

Gray its just technical adjustment.

chameleon

205 posts

Posted by chameleon > 2014-03-03 10:44 | Report Abuse

Wah,aiman168..your price 4.17 seems valid

Posted by azlanpmc > 2014-03-03 10:50 | Report Abuse

4.12 now..so strong yet so weak

LIAUSAN

137 posts

Posted by LIAUSAN > 2014-03-03 22:57 | Report Abuse

UMW today fell 0.20 ...

IniKaliLah

295 posts

Posted by IniKaliLah > 2014-03-04 00:47 | Report Abuse

Waiting below 3.50 start to enter this counter...now just wait n see

Posted by yong kwok hsiung > 2014-03-04 13:24 | Report Abuse

i agree!

Posted by thunderbird > 2014-03-04 16:00 | Report Abuse

(Bernama) -- UMW Oil & Gas Corporation Bhd's unit, UMW Petrodrill (Malaysia) Sdn Bhd, has received a letter of intent to award a US$10 million contract from PTTEP Int Ltd Yangon Branch to provide hydraulic workover unit and related services for M9 drilling campaign in Myanmar.

The contract is for 11 firm wells with options for additional wells.

UMW Petrodrill is expected to start operations at Zawtika Field in Martaban Gulf by June.

UMW Oil & Gas Corporation President Rohaizad Darus said the contract secured was in tandem with the company's expansion plan in the oil and gas industry.

"With this new market penetration, we hope for more opportunities to secure contracts in Myanmar, not only for workover services, but also for our drilling and oilfield services.

"Our company will aggressively continue to pursue opportunities to expand our geographical coverage in the Asia-Pacific region as part of our growth plan and revenue diversification strategy," he said in a statement.

PTTEP International is a subsidiary of PTT Exploration and Production Public Company Limited, a subsidiary of the national oil company of Thailand.

Stockman

684 posts

Posted by Stockman > 2014-03-04 20:20 | Report Abuse

UMWOG got RM148 million contract from Petronas too.

http://www.theedgemalaysia.com/mobile/article.php?id=278464

MyInvest

496 posts

Posted by MyInvest > 2014-03-05 09:26 | Report Abuse

another move started...

Posted by thunderbird > 2014-03-05 12:05 | Report Abuse

wow latest TP from Maybank RM5.15.... buy.................

Posted by Mohd Nasir Yahya > 2014-03-05 12:30 | Report Abuse

hahahehe......TP rm5.15......again 'day - dreaming'!! last few days can't sleep!

Posted by thunderbird > 2014-03-05 12:39 | Report Abuse

for contra players,yes, can't sleep. I sleep very tight as i am real long term investor. I already made >RM50K since UMWOG launched last year.

Posted by Jack Castello > 2014-03-05 16:47 | Report Abuse

TP RM 10.00

MyInvest

496 posts

Posted by MyInvest > 2014-03-05 17:24 | Report Abuse

Hi Jack... Cheers.... But RM 10 :))

MyInvest

496 posts

Posted by MyInvest > 2014-03-05 17:25 | Report Abuse

for short term players RM 5.00 for Long term players RM RM 6.00 - RM 6.50 (2014 - 2015)

faizal73

80 posts

Posted by faizal73 > 2014-03-05 19:15 | Report Abuse

yes same thunderbird... sleep at least 1 year... wake up then..

gray

1,158 posts

Posted by gray > 2014-03-05 20:08 | Report Abuse

leceh stock

gray

1,158 posts

Posted by gray > 2014-03-06 00:49 | Report Abuse

yeah, long until u say till death do us part

faizal73

80 posts

Posted by faizal73 > 2014-03-06 06:46 | Report Abuse

real investment tak takut bro.....

faizal73

80 posts

Posted by faizal73 > 2014-03-06 06:49 | Report Abuse

wait n see la...

Posted by thunderbird > 2014-03-07 11:23 | Report Abuse

i sold all my IPO, bought back again for 50 big lots, just let it be and waiting for harvest time later.

Posted by Equityengineer > 2014-03-11 15:12 | Report Abuse

Wat happen it keeps dropping

maxlim

322 posts

Posted by maxlim > 2014-03-11 16:07 | Report Abuse

making money but keep dropping mean some body is collecting

Dheeno

32 posts

Posted by Dheeno > 2014-03-11 19:26 | Report Abuse

Sudah sampai bottom?...can nibble a little lah...

gray

1,158 posts

Posted by gray > 2014-03-11 23:04 | Report Abuse

pathetic stock

speakup

26,335 posts

Posted by speakup > 2014-03-11 23:06 | Report Abuse

didn't Star newspapers say UMWOG is the most expensive rig operator in the world?

gray

1,158 posts

Posted by gray > 2014-03-12 09:01 | Report Abuse

pathetic newspaper

bigbitp

116 posts

Posted by bigbitp > 2014-03-12 11:46 | Report Abuse

wat is shit counter of tis...

caven101

911 posts

Posted by caven101 > 2014-03-12 12:16 | Report Abuse

what going on for this counter? drop so much from 4.58 until 4.02.....UMWOG have so many project on hand....why still will drop? why so many panic sell? i really not understand on it. anybody have special news on it?

MyInvest

496 posts

Posted by MyInvest > 2014-03-12 12:28 | Report Abuse

No worries. Looks some body collecting.... My prediction TP will be still same 5.00

aiman168

799 posts

Posted by aiman168 > 2014-03-12 15:21 | Report Abuse

wow..jauhnya jatuh

MyInvest

496 posts

Posted by MyInvest > 2014-03-12 15:23 | Report Abuse

ya.....

Joel

4,580 posts

Posted by Joel > 2014-03-12 17:04 | Report Abuse

Still will drop below Rm4.00.
wait wait wait.

Joel

4,580 posts

Posted by Joel > 2014-03-12 17:04 | Report Abuse

wait until Friday tomolo

maxlim

322 posts

Posted by maxlim > 2014-03-12 19:33 | Report Abuse

if u hv confidence with this company buy la..why u worry on the price of share drop?

Posted by Noraini Ismail > 2014-03-12 20:02 | Report Abuse

This is a good counter........but went too fast after ipo.....release 3/4 of my ipo average 4.40......now keep dropping....so give me chance to accumulate ......

ckl4717

95 posts

Posted by ckl4717 > 2014-03-13 09:48 | Report Abuse

UMW-OG has alot projects on hand but all already included in analyst forward earnings and target price, if the estimate contract wins for its jack-up rig is not materialized or any delay, the price will go further south!

Eric29

141 posts

Posted by Eric29 > 2014-03-13 09:49 | Report Abuse

So can buy or not

Posted by thunderbird > 2014-03-13 11:34 | Report Abuse

buy buy buy, i collected more, if you in oil and gas sector, you know rig operating company is making huge profit due to active drilling operations in 2013/2014. More exploration will be done as more oil resources will be needed

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