Posted by Chloe_ts > 2015-04-10 11:44 | Report Abuse

rchi and Christine, how much is your tp? :)

Posted by Lollipot Anison > 2015-04-10 11:46 | Report Abuse

testing 2.4

Posted by chloe_ts > 2015-04-10 15:45 | Report Abuse

I take profit first @ 2.40, bye bye umwog :P

Posted by ankahill > 2015-04-10 15:54 | Report Abuse

Will keep 1 year

Posted by ampabella > 2015-04-11 15:53 | Report Abuse

rm2.60 coming wah kak kak kaka

Posted by tony89 > 2015-04-16 00:39 | Report Abuse

UMWOG, need to buck up!!!!!

Posted by bing > 2015-04-16 08:00 | Report Abuse

go go go up!

Posted by nich0las > 2015-04-16 08:39 | Report Abuse

Crude 56.

Posted by Equityengineer > 2015-04-16 08:46 | Report Abuse

Come one UMW , your the only counter I have in red .. Buck up and rise

Posted by Christine Goh > 2015-04-20 17:29 | Report Abuse

2.33 :)

Posted by ankahill > 2015-04-21 16:19 | Report Abuse

:) $$$$

Posted by GoldenShares > 2015-04-23 11:50 | Report Abuse

panic selling........

Posted by cheer2015 > 2015-04-23 11:51 | Report Abuse

can close inverted hammer ?

Posted by bobawd > 2015-04-23 12:05 | Report Abuse

Here comes my opportunity. Just scooped some today......at 2.22 Hofefully its a good buy.

Posted by nich0las > 2015-04-23 12:22 | Report Abuse

this og really problem. sigh....

Posted by kpsalak > 2015-04-23 12:38 | Report Abuse

This OG likes to play "car shake" from time to time, shit!

Posted by ragen9 > 2015-04-23 12:44 | Report Abuse

buy buy buy

Posted by kpsalak > 2015-04-23 14:27 | Report Abuse

UMWOG all the way down again, what's the problem? anyone got any idea?

Posted by cheer2015 > 2015-04-23 15:48 | Report Abuse

i think can buy now ?

Posted by kpsalak > 2015-04-23 15:55 | Report Abuse

Who can tell us the reason why it is shooting down so that we won't go in at wrong time...

Posted by rooney8 > 2015-04-23 16:17 | Report Abuse

I did read article in The Edge talking about their assets are not utilized fully and it is getting harder to find jobs due to current oil price. One company terminated the contract early and they are in court case now.

Posted by topkek > 2015-04-23 16:21 | Report Abuse

http://www.theedgemarkets.com/my/article/umwog-facing-headwind

Posted by YangBerhormat > 2015-04-23 16:50 | Report Abuse

macam icon ka?

Posted by GoldenShares > 2015-04-23 16:54 | Report Abuse

wao, panic selling, scary, confirmed or not ???

Posted by cheer2015 > 2015-04-23 17:17 | Report Abuse

UMW O&G still coping well
Saturday, 18 April 2015

BY: DANIEL KHOO

None except for one of its contracts has been affected
-------------------------------------------------------
IT’S not the best of times for oil and gas exploration companies and the effects of the crunch in crude oil prices have been felt in the scope of work for the oil drillers.

UMW Oil & Gas Corp Bhd (UMW O&G), involved in drilling and oilfield services for the upstream sector, was hit recently by the cancellation of a major contract but notes that despite the fall in oil prices in the second half of last year, none except for one contract had been affected.

UMW O&G president Rohaizad Darus tells StarBizWeek that the company is in the midst of tendering out contracts again for UMW NAGA 7 after its venture with Philippines-based Frontier Oil Corp fell through.
UMW O&G last week announced that it was taking Frontier Oil to the Singapore International Arbitration Centre to claim damages including compensation for all losses arising from Frontier Oil’s breach of contract.

The company says that losses from the breach of contract was not limited to the early termination fee amounting to US$19.2mil (RM69.68mil).
On the impact to its UMW NAGA 7, Rohaizad says the company is in various phases of tendering activities for a number of contracts in the Asia-Pacific and Middle East.

“We believe there is a good opportunity for the rig to secure a job this year,” Rohaizad says in an e-mailed statement.

He did not comment much when asked if the company was confident of winning the suit against Frontier Oil, only noting that the basis of the case is in accordance with the provisions as it was stated in the contract.
“As the suit has been initiated and ongoing, we are not at liberty to divulge any information,” he says.

As for its other projects, Rohaizad notes that all of its contracts that have been secured earlier have either been completed or are a work-in-progress, highlighting that none of it have been abandoned nor unfulfilled thus far with the exception of Frontier Oil.

While analysts may opine that the current situation may force certain companies to stop drilling altogether due to the imbalance in the cost-benefit ratio, such scenario does not seem to apply directly for UMW O&G, at least on the surface of it.

However, despite the considerably steep descent in oil price, it does seem to appear that the market has priced in a worst-case scenario in terms of the impact of the collapse in oil on upstream players such as UMW O&G which derives a majority or more than 90% of its revenue from drilling services.
UMW O&G’s share price is today hovering at near its historical lows of RM2.40 post-listing and had fallen by some 48% from a peak price of RM4.58 last year.
The company, which is the third-biggest capitalised O&G upstream player, today trades at a price-to-earnings ratio (P/E) of 20.64 times against a forward P/E or 15.38 times.

Its year-to-date share performance was dismal at best but is already in positive territory with gains of 2.13%.

Its similar peers such as SapuraKencana Petroleum Bhd had similarly seen a sharp fall in its share price of 45% to RM2.72 today from a peak of RM4.95 registered last year.

However, the jury is still out on whether the impact on these players have been overstated by the market at this point in time.

But fundamentals which usually dictate how the market moves will, in part, help to decide this as well, keen observers note.

In the realm of financials, indeed Rohaizad says that new contracts that were recently awarded in the Asia-Pacific saw charter rates falling by a double-digit quantum.

“Charter rates have dropped by between 10% and 25%, depending on which country the work is awarded,” he says.

Moving foward, it would be interesting to watch how upstream companies cope with the new realities of lower oil price and whether it would eventually translate into a leaner and more efficient upstream workforce.

Posted by cheer2015 > 2015-04-23 17:18 | Report Abuse

油價衝擊浮現‧合順油氣盈利料轉弱2015-04-18 12:07

（吉隆坡17日訊）國際原油價格走低，對合順油氣（UMWOG,5243,主板貿服組）負面衝擊開始浮現，主要是旗下升降式鑽油台經營天數及出租率皆縮減，使分析員預期未來3季盈利表現轉弱，從而下調其評級。
馬銀行研究指出，合順油氣與先鋒石油機構（FOC）鬧上仲裁庭解決糾紛，因合順油氣在後者提早終止Naga7鑽油台租用而違反租用合約，要求1千920萬美元損失賠償。

升降鑽油台設施市場深具挑戰
------------------------
上述情況顯示，升降鑽油台設施市場深具挑戰經營環境，特別是國際原油價格大跌後，使鑽油活動放緩、削減資本及營運開銷等。

先鋒石油機構未能在2014年12月15日的截止日期前，安排500萬美元銀行擔保及1千500萬美元預支付款（在2014年9月15日簽署的鑽油合約下的要求）以租用Naga7的120天（從2015年2月開始）及選擇權延長另外180天的租期。

在未來18個月，油氣領域將是租戶優勢市場，使鑽油台經營者的鑽油台設施，將受到鑽油合約出租率及營運期縮減的影響，使他們犧牲出租率而儘量延長它們的使用期。

合順油氣的Naga7仲裁糾紛將減少收入，使該行將Naga7在2015年的營運日數減少43%至180天，同時預料Naga7的鑽油合約出租率減少至14萬美元，比較簽署合約時的出租率則為15萬5千美元。

該行也將該公司Naga2、3及5的2015年營運日減少10%至270天，以及Naga1的鑽油合約出租率減少13%至14萬美元。由於疲弱經營環境及展望，預料升降式鑽油台在2015年區域鑽油合約出租率，降至介於13萬美元至14萬美元之間，比較2014年為15萬美元至16萬美元之間。

評級下調至“持有”
----------------
馬銀行指出，市場一般預測，今年合順油氣淨利可達3億5千萬令吉（按年增加41%）是過於樂觀（該行預測為2億零100萬令吉），這使該行將其評級下調至“持有”評級，合理目標價則為2令吉55仙，或等於因疲弱短期展望而給予10%折價。（ 星洲日報／財經‧文：李文龍）

Posted by cheer2015 > 2015-04-23 17:24 | Report Abuse

UMW-OG seeks arbitration on alleged breach of US$20m Palawan deal
By Gho Chee Yuan / theedgemarkets.com | April 10, 2015 : 8:07 PM MYT

KUALA LUMPUR (April 10): UMW Oil and Gas Corp Bhd (UMW-OG) has started arbitration proceedings to seek damages and compensation from Frontier Oil Corp in relation to drilling works in north-west Palawan in the Philippines.

In an announcement this evening, UMW-OG said its wholly-owned subsidiary UMW Offshore Drilling Sdn Bhd (UMWOD) has served a notice of arbitration on the Philippines-based oil and gas group today.

The move is “to seek, amongst others, an award for damages and/or compensation for all losses arising from the respondent’s breach of contract, but not limited to the early termination fee amounting to US$19.2 million (approximately RM70.46 million)”, it said.

To recap, UMW-OG, a subsidiary of UMW Holdings Bhd ( Financial Dashboard), had inked a US$20 million (RM73.40 million) rig contract with Frontier Oil Corp on Sept 15 last year.

Under the contract, UMWOD will provide Frontier the “UMW Naga 7” drilling unit and other related services for its drilling operations in the Calauit field.

"In accordance with Clause 2.2 of the contract, the respondent (Frontier Corp) was to have arranged for the issuance of the bank guarantee of US$5 million (RM18.53 million) and an advance payment of US$15 million (RM55.05 million) within the time stipulated in the contract, i.e on or before Dec 15, 2014," it said.

The Dec 15 date would be no later than 30 days prior to the early commence date, which was Jan 15, 2015, it noted.

"Despite repeated reminders, the respondent has failed to, refused to and neglected to arrange for the said Bank Guarantee and Advance Payment," UMW said.

It said the contract had stated that any breaches or termination shall be settled by final and binding arbitration in accordance with the Singapore International Arbitration Centre (SIAC).

"The place of arbitration shall be Singapore and the award shall be deemed to be a Singapore award," it added.

Shares in UMWOG closed three sen or 1.28% higher at RM2.38, for a market capitalisation of RM5.081 billion.

Posted by Christine Goh > 2015-04-23 18:13 | Report Abuse

:)

Posted by nsyee28282828 > 2015-04-23 18:30 | Report Abuse

careful guys, Affin Hwang Capital cut TP from 2.00 to 1.60
selling down to continue I believe unless oil price go up tomorrow!!

Posted by Christine Goh > 2015-04-23 19:36 | Report Abuse

not only first time affin hwang capital cut tp...... are u new in this ctr?

Posted by bobawd > 2015-04-23 19:52 | Report Abuse

I believe this is old news. UMW O&G is still Coping Well....according to: PUBLIC INVESTMENT BANK BERHAD.

http://klse.i3investor.com/blogs/PublicInvest/75164.jsp

Posted by kpsalak > 2015-04-23 19:56 | Report Abuse

Guys, up & down is controlled by syndicate. Remember SKPETROL after hit 3.00 during CNY then all the way plunged down, and was rated TP 2.20 only! But what's the price now? 2.70! Institute/ Inv Bank = Syndicate.

Posted by cheer76 > 2015-04-23 20:26 | Report Abuse

it will start to rebound tml n consolidate in Bolinger Band... All bad things have been factored

Posted by john316 > 2015-04-23 20:31 | Report Abuse

Hopefully it will start to rebound....

Posted by bobawd > 2015-04-23 21:17 | Report Abuse

May be we will see another Analyst Price Call tomorrow. Perhaps from Public, Cimb or Maybank.....

Posted by GoldenShares > 2015-04-23 22:06 | Report Abuse

most probably it was banks margin call since no -ve news

Posted by cheer76 > 2015-04-23 22:57 | Report Abuse

international crude oil hit USD57.8... Get ready...http://www.marketwatch.com/investing/future/crude%20oil%20-%20electronic

Posted by cheer76 > 2015-04-23 23:00 | Report Abuse

Once the crude oil price is reversed, politics in UMWOG will resolved n secure more project
Share price run ahead to the future

Posted by cheer76 > 2015-04-23 23:01 | Report Abuse

A lot of 1,000,000 units purchased (through buy queue) by big leg today n yesterday

Posted by WarrantSon > 2015-04-24 01:44 | Report Abuse

When is oil price going up again? Have some oil stocks stuck some time now. All analyst projection koyak since last year.

Posted by nich0las > 2015-04-24 03:37 | Report Abuse

Oil hits 2015 high on Yemen worry; U.S. gasoline at Nov peaks， tomolo uptrend.

Posted by myuptownboy > 2015-04-24 15:21 | Report Abuse

oil rebound strongly..go grab this counter...is decent cheap now..

Posted by kleboy > 2015-04-27 14:59 | Report Abuse

i buy in 2.80 but until today cannot up

Posted by adrian0229 > 2015-04-27 16:01 | Report Abuse

alamak...what happened le

Posted by Risk Trader > 2015-04-27 22:56 | Report Abuse

Will fall below rn2.00 soon....now O&G counter under selling pressure by margin call.

Posted by shazza > 2015-04-27 23:34 | Report Abuse

Rt pls elaborate on what u said short n longer term. Have a few og counters. Tq

Posted by nich0las > 2015-04-28 12:04 | Report Abuse

Quater results oil fall, i oso scared result fall. then down again. zz

Posted by GoldenShares > 2015-04-28 15:52 | Report Abuse

UMW OG HOLLAND limited

Posted by cheer76 > 2015-04-29 06:56 | Report Abuse

Whether UMW OG will continue fall or not, it depends on KLCI. Current price has factored in all bad thing. KLCI n entire market in Malaysia now affect other counters including OMW OG when more than 700 counters drop yesterday.

Posted by cheer76 > 2015-04-29 06:58 | Report Abuse

EIA will release the oil inventory tml. You may see some movement in crude oil price today n tomorrow. Hold tight.