Posted by goldenshares > 2016-02-24 09:58 | Report Abuse

Oil prices slid in early trading on Wednesday, extending sharp falls from the previous session after top exporter Saudi Arabia ruled out production cuts and industry data showed a further build in U.S. crude stockpiles.

Posted by skyu > 2016-02-24 10:17 | Report Abuse

If I get to choose, I will select FPSO industry rather than jack up rig. Umw in jack up rig business. Look at how McDermott perform, we get a hints of 2.

Posted by jack2 > 2016-02-24 10:34 | Report Abuse

Not much business but with o/s debts of 3b
nid to keep slim slim

Posted by i_investor > 2016-02-24 10:45 | Report Abuse

.

Dear skyu,

You have got a point there.

McDermott-THHEAVY joint venture provides a win-win solution .

JX Nippon Oil & Gas Exploration (JXN) RM2.9bn. EPCIC and FPSO contract that was secured by TH Heavy to commence in FY16 is a for a fixed term of 7 years (USD372m or RM1.2bn) with 10 annual optional extensions (USD475m or RM1.47bn).

7+10 years !!!

.

Posted by rizerlee > 2016-02-24 11:01 | Report Abuse

http://www.theedgemarkets.com/my/article/umw-og-plunges-maiden-quarterly-loss-rm409m?type=Corporate

UMWOG loss RM409m last quarter.
Game started.

Posted by i_investor > 2016-02-24 11:45 | Report Abuse

.
RECAP:

ARMADA Q3_2015 RESULTS PRESENTATION:
http://www.bumiarmada.com/App_File/Image/assets/BAB%20-%20Q3%202015%20Financial%20Results.pdf

.

Posted by beso > 2016-02-24 12:07 | Report Abuse

what a big loss！ new tp 0.69 out sell call from hlib，show begins

Posted by necro > 2016-02-24 16:42 | Report Abuse

Sleep tite baby

Posted by Jetli > 2016-02-24 21:25 | Report Abuse

Price range now between 0.90 to 1.00 for the next two weeks.
Will be interesting to see the share price when Brent hits US$35

Impairment loss=asset value write down cos business slow & too many assets remain idle.
Like value of yr house goes down during recession but gets revalued upwards when economy gets better. Hence its not a cash flow item but just a paper loss. There will be a write back when it's rigs r fully leased out.

Posted by rizerlee > 2016-02-24 21:34 | Report Abuse

Any idea how low it will be ?

Posted by Jetli > 2016-02-24 21:48 | Report Abuse

No idea but don't play contra.
Now down on earnings probably 2 weeks for price stablisation. Hopefully don't break the low.
I want to see the price action on the day when Brent crude is up. That will show its support. The faster it stays above 1.00 the better as penny stock value is not good for this company's image

Posted by win2win > 2016-02-25 11:18 | Report Abuse

no hope for this counter! sell before it drops further!

Posted by Virus t > 2016-02-25 12:51 | Report Abuse

falling naga no sleeping nage

Posted by goldenshares > 2016-02-25 15:19 | Report Abuse

scary !

Posted by necro > 2016-02-25 17:31 | Report Abuse

Bla bla bla...don't sedapkan hati...loss is still loss

Posted by S56phw001 > 2016-02-25 17:54 | Report Abuse

Well done sohai umwog better delisted

Posted by S56phw001 > 2016-02-25 17:55 | Report Abuse

Drop till 0.10 easy, hopeless counter

Posted by S56phw001 > 2016-02-25 17:56 | Report Abuse

Fxxx you umwog

Posted by hohoho > 2016-02-25 22:46 | Report Abuse

sudah mati........

Posted by yingkang87 > 2016-02-25 23:42 | Report Abuse

but before they announce the quarterly report the price still the same after announce!!!

Posted by rizerlee > 2016-02-26 01:23 | Report Abuse

1% to 2% drop constantly and slowly ?

Posted by goldenshares > 2016-02-26 11:31 | Report Abuse

kill you softly like Parkson

Posted by S56phw001 > 2016-02-26 16:32 | Report Abuse

Tp 0.60

Posted by S56phw001 > 2016-02-26 16:34 | Report Abuse

溫水煮青蛙，死左都吾知！

Posted by Mat Cendana > 2016-02-26 18:45 | Report Abuse

The 0.96 support held again. This is a critical point for UMWOG. Slip below this and it's free-fall. It suffered a double whammy this week: the poor quarter results and crude oil going down. Strong correlation with the latter, which makes the share price movements fairly predictable. Speculators of this counter will be hoping Brent ends well in Europe and especially US trading. No point thinking too much about it because crude oil prices can go either way. All we can do is to quickly respond to how it goes.

Posted by ktlum84 > 2016-02-26 23:35 | Report Abuse

is that possible to drop till 0.50?

Posted by S56phw001 > 2016-02-27 19:34 | Report Abuse

Rubbish company umwog

Posted by jack2 > 2016-02-27 20:27 | Report Abuse

in same situation as UNISEM and MPI when the chip makers expanded extensively when business were good then

same with oil n gas support services

Posted by GoldenShares > 2016-02-29 11:39 | Report Abuse

warm water cook frog, : )

Posted by rocky77 > 2016-03-02 01:39 | Report Abuse

Huat ar!

Posted by nicky > 2016-03-02 10:33 | Report Abuse

not moving... changing colour soon

Posted by yingkang87 > 2016-03-04 23:11 | Report Abuse

still can hold? lose RM4million

Posted by smkts123 > 2016-03-05 10:12 | Report Abuse

Can hold. This stock have fundamental value.

Posted by S56phw001 > 2016-03-05 17:52 | Report Abuse

Hold till 2030 will recover

Posted by armadasaxon > 2016-03-07 15:26 | Report Abuse

fundamental later bcome sentimental..

Posted by oasischeah > 2016-03-07 15:34 | Report Abuse

Oil prices will effect Malaysian O&G stocks badly when it goes down. When oil goes up, Malaysian stocks also down. Apa sudah jadi.?

Posted by S56phw001 > 2016-03-07 17:44 | Report Abuse

...

Posted by yingkang87 > 2016-03-08 10:32 | Report Abuse

the PM problem!!! foreign investor no confidence towards Malaysia!!!

Posted by S56phw001 > 2016-03-09 17:37 | Report Abuse

Well done umwog u r no1 rubbish counter

Posted by winmal > 2016-03-10 12:15 | Report Abuse

Global Oil price up so much, Malaysia Oil n Gas companies fall like shit

Posted by winmal > 2016-03-10 12:18 | Report Abuse

Global Oil up from USD 35 to USD 41, but UMW oil fall from 0.,99 to 0.95???? why

Posted by ONE_IS_ONE > 2016-03-10 12:23 | Report Abuse

haha, boleh land always follow bad things from others, never the good things.

Posted by yingkang87 > 2016-03-10 22:53 | Report Abuse

they make the price down buy at low price??

Posted by GoldenShares > 2016-03-11 10:47 | Report Abuse

wow, 0.92 , scary

Posted by armadasaxon > 2016-03-11 11:27 | Report Abuse

0.82 coming..u hav to remember..they do not make from oil price..they lease out rigs to oil company..as oil company cutting expansion..those rigs will be left with no jobs..therefore my opinion is sell..

Posted by cruise > 2016-03-11 11:37 | Report Abuse

if oil price is below usd60, most of the OSV vessels and rigs cant get much business

deep sea drilling is dead kaput below usd 70

can expect most of the rigs to lay idle for now
below 50cts in 12 months

Posted by Activetrader > 2016-03-15 12:16 | Report Abuse

yes oil had bottomed out... but price will be stagnant around 35-40. whats the point. O&G doom ... atlest hovering for another 2-3 years.

Posted by BRAVOZULU > 2016-03-16 12:26 | Report Abuse

start collect slowly

Posted by yingkang87 > 2016-03-16 13:09 | Report Abuse

will up??

Posted by kinfatt999 > 2016-03-17 09:27 | Report Abuse

oppotunities to buy at low