Posted by harrismsharif > 2018-05-15 11:21 | Report Abuse

no momentum today

Posted by yyyc > 2018-05-15 11:24 | Report Abuse

waiting good news from AGM..:)

Posted by KEYBOARD > 2018-05-15 11:36 | Report Abuse

good news...??.no bad news already good news

Posted by harrismsharif > 2018-05-15 13:41 | Report Abuse

any news from AGM?

Posted by Mudamuda Remaja Mudamuda > 2018-05-15 15:43 | Report Abuse

Sabar

Posted by junetan20 > 2018-05-15 16:09 | Report Abuse

this one won't up

Posted by Shinnzaii > 2018-05-15 17:06 | Report Abuse

Read this
http://www.theedgemarkets.com/article/umwog-optimistic-turning-around-year

Posted by Surewind > 2018-05-15 17:37 | Report Abuse

KUALA LUMPUR (May 15): UMW Oil and Gas Corporation Bhd (UMW-OG) is "cautiously optimistic" of making a turnaround in the current fiscal year if last year’s positive momentum continues.

Chairman Datuk Abdul Rahman Ahmad said the drilling and oilfield services provider recorded positive results in its third and fourth quarters of last year — the first quarterly profits since 2015.

“We believe the company is on a strong trajectory to move forward, and we are pleased with the continuing strength of oil prices.

“We hope this will encourage greater capital expenditure by oil and gas companies, which would mean an increase in demand for our oil rigs,” he told reporters after the company’s annual general meeting here today.

The challenge this year, he said, was to replicate the performance achieved in the third and fourth quarters of 2017.

He noted that although the oil price outlook was improving, charter rates remained depressed.

Meanwhile, President Rohaizad Darus said UMW-OG was optimistic about its operations in the medium-term, as he saw more jobs in the pipeline.

For its seven jack-up drilling rigs, the company achieved about 95% utilisation rate in the third and fourth quarters of last year.

“Currently, five of the seven rigs are under contract serving multiple oil and gas operators, representing 71% utilisation rate, while we expect to secure contracts for the other two rigs by early July. Therefore, we believe we are going to do slightly better this year,” he said.

Rohaizad noted that charter rates were stabilising, with a slow gradual upward movement.

He said the company, which has an order book of RM725 million, was aggressively bidding for additional contracts valued at US$660 million to replace the contracts that would expire.

The President said about 90% of the existing contracts were due to expire by the third quarter of this year while the balance would be carried over to the first quarter of next year.

The company had bid for 15 tenders internationally and another 15 locally, and it hoped to clinch at least six contracts this year, he said.

On its bidding success rate, Rohaizad said the rate was very high for local bids, but internationally, it was below 10% at present.

Among the countries where it is bidding are Vietnam, Indonesia, Thailand and Myanmar.

He pointed out about 90% of the current order book's value would be accounted for in this year's revenue.

At the annual general meeting today, UMW-OG received shareholders’ approval for a proposed change in name to Velesto Energy Bhd following its demerger from UMW Holdings Bhd late last year.

Abdul Rahman said the new name reflected its independence from the previous holding company.

He explained the root word “veles” in the new name meant “dragon “ in the Slovak language, which was an extension of the company’s established brand name for its jack-up drilling rigs, the “Naga” fleet.

Posted by keropea > 2018-05-15 20:29 | Report Abuse

focus gamuda now, umwog no hope so soon. gamuda fly today n tmrw

Posted by Airline Bobby > 2018-05-15 20:48 | Report Abuse

keropea makan terlalu banyak keropok sampai cakap nonsense lol

Posted by mawiLegend > 2018-05-15 23:47 | Report Abuse

The shark is coming buying again...b careful this time

Posted by JokerT > 2018-05-16 09:09 | Report Abuse

buy buy buy

Posted by JokerT > 2018-05-16 09:09 | Report Abuse

tp 0.330 at least

Posted by babypost85 > 2018-05-16 09:21 | Report Abuse

no strong enough

Posted by SuperPanda > 2018-05-16 10:42 | Report Abuse

30c stock need to look long term, unless you buy eden before GE

Posted by Pyh96 > 2018-05-16 13:28 | Report Abuse

Break 32 sen then can fly

Posted by JokerT > 2018-05-16 14:17 | Report Abuse

will fly after break 0.32.. go go go

Posted by babypost85 > 2018-05-16 14:34 | Report Abuse

donno can break 0.32 or not

Posted by babypost85 > 2018-05-16 15:58 | Report Abuse

no more show.

Posted by Jack11 > 2018-05-16 17:13 | Report Abuse

Tomorow will fly

Posted by Alibaba007 > 2018-05-16 19:16 | Report Abuse

Fly internation oil up agian. 100/tong will coming.

Posted by Jonathan Keung > 2018-05-17 07:18 | Report Abuse

brent crude touching USd 80

Posted by edison5351 > 2018-05-17 10:14 | Report Abuse

no more show la. i have been watching umwog for past 1 year. is this pattern one sideline all day way . Gamuda have better shows now

Posted by JokerT > 2018-05-17 14:05 | Report Abuse

going up soon. good PE support

Posted by anson938 > 2018-05-18 00:03 | Report Abuse

Brent crude oil tops $80 a barrel as market grows more concerned about Iran sanctions
Oil prices hit $80 a barrel for the first time since November 2014.
Prices rose on concerns that Iranian exports could fall.
Fewer exports would reduce supply in an already tightening market

Posted by Alibaba007 > 2018-05-18 10:12 | Report Abuse

不久将在90美元/桶

Posted by tallman > 2018-05-18 12:28 | Report Abuse

No use la, price never fly

Posted by ankahill > 2018-05-18 15:58 | Report Abuse

Q rpt in Red again!!???

Posted by MoneyMustCome > 2018-05-18 16:17 | Report Abuse

start ur engine. cars volume rising. more jam around. more consumption. fuel price rising. contract shortening? no......way......rit? haha

Posted by Lewis Lee > 2018-05-18 18:04 | Report Abuse

PNB dumped 5.5 Millions lagi !!
Ask Daim to stop them from keep bombing this counter lah !!!

Posted by mawiLegend > 2018-05-18 22:35 | Report Abuse

wtF is goin on drilling umwOG? never fly since 2 months..BN rules cant go up..PH rules also cant go up...sighhh

Posted by KEYBOARD > 2018-05-19 09:52 | Report Abuse

48 cents la..

Posted by Hope88 > 2018-05-19 16:35 | Report Abuse

take time wait the quarter report

Posted by Alibaba007 > 2018-05-19 21:35 | Report Abuse

Umwog open gas boom roket fly.

Posted by SuperPanda > 2018-05-20 14:57 | Report Abuse

it cannot up bcoz local fund disposing to reduce their stake and next qtr maybe still in red

Posted by SuperPanda > 2018-05-20 14:57 | Report Abuse

it has lot of debt too

Posted by SuperPanda > 2018-05-20 14:59 | Report Abuse

but im holding this year due to oil price uptrend, any new contract wins, it will shoot up anytime. dont miss it and be patience

Posted by SuperPanda > 2018-05-20 15:01 | Report Abuse

those enter last year was not the right time for o&g, it is diff this year as you can see all o&g showing uptrend

Stock: [UMWOG]: UMW OIL & GAS CORP BHD

May 17, 2018 10:14 AM | Report Abuse

no more show la. i have been watching umwog for past 1 year. is this pattern one sideline all day way . Gamuda have better shows now

Posted by keropea > 2018-05-20 18:30 | Report Abuse

see how gamuda fly la starting tomorrow. hehe

Posted by Alibaba007 > 2018-05-21 10:10 | Report Abuse

Lembu

Posted by gammaport > 2018-05-21 10:28 | Report Abuse

Looking at this counter; I thought today was a Public Holiday

Posted by SuperPanda > 2018-05-21 10:52 | Report Abuse

public holiday better than mourning day, look at dayang

Posted by junetan20 > 2018-05-21 11:40 | Report Abuse

gamuda is dropping la

Posted by cth0712 > 2018-05-21 12:05 | Report Abuse

When will the quarter report out?

Posted by Pyh96 > 2018-05-21 12:11 | Report Abuse

Around 28 i think

Posted by Pyh96 > 2018-05-21 12:13 | Report Abuse

If Umwog cant make profit with above $70 crude oil per barrel ... so disappointing

Posted by KEYBOARD > 2018-05-21 15:05 | Report Abuse

gamuda...haha..may be he buy a lot...

Posted by Alibaba007 > 2018-05-21 16:51 | Report Abuse

Gamuda 不能收费时。我笑

Posted by 1151204499 > 2018-05-21 22:55 | Report Abuse

What do you guys think after the new government form, will it prices increase ?

Posted by mawiLegend > 2018-05-21 23:35 | Report Abuse

tmrw quater report..lets hear good news..