If i have 28000 units of UMWOG-OR, do i entitled for the right issue of mother share of 28000 units @ RM 0.30? Means I have to pay rm 8400 to subscribe?
An issue price of RM0.30 per Rights Share on the basis of fourteen (14) Rights Shares for every five (5) ordinary shares together with warrants on the basis of (1) Warrant for every four (4) Rights Shares subscribed.
Who stupid enough to buy or.. haish.. buy mother today and sell before they excercise the or.. price will drop after new share excercise.. liquidation of share.. Don’t buy OR and don’t excercise it!!! Buy mother now and sell next week
SINGAPORE (Reuters) - Oil prices may rise to $60 a barrel by the end of this year or by early 2018 as OPEC and non-OPEC producers are expected to extend supply cuts beyond March, while oil inventories continue to decline, a former Saudi energy ministry official said in a speech Washington on Monday.
"With the current arrangement and commitment of major producers, and their willingness to adjust and extend the agreement, I believe as commercial oil stocks continue to contract, oil prices will gradually increase. We even might hit $60 per barrel before the end of this year or the beginning of next year," Ibrahim al-Muhanna said, according to a transcript of the speech received by Reuters.
Global commercial stocks are being drawn down gradually, more slowly than initially hoped, and oil demand is growing by more than 1.5 million barrels per day this year, with robust growth forecast for next year, Muhanna said.
"Some market analysts have argued that once the agreement ends, the producers will flood the market with new supplies but this view is shortsighted. After all, it is in the best interest of producers to create a soft landing and not disrupt the market's newfound balance," he said.
Muhanna, who spoke at an industry event in Washington, is now an independent consultant after recently retiring as an adviser to the Saudi Energy Ministry.
TOKYO (Reuters) - Oil prices extended gains on Tuesday, with Brent crude hitting a 26-month high, supported by Turkey's threat to cut crude flows from Iraq's Kurdistan region to the outside world.
London Brent crude for November delivery (LCOc1) was up 46 cents at $59.48 a barrel by 0356 GMT after settling up 3.8 percent on Monday. Earlier it hit $59.49, the highest since July 10, 2015.
U.S. crude for November delivery (CLc1) was up 15 cents at $52.37, after hitting $52.43, a five-month high.
Brent's rise meant it extended gains for a fifth straight day, jumping from just over $55 a barrel a week ago, as OPEC and non-OPEC producers confirmed the market was well on its way towards rebalancing, while oil demand looked strong.
Also fuelling the jump on Tuesday was Turkish President Tayyip Erdogan's threat on Monday to cut off the pipeline that carries oil from northern Iraq to the outside world, intensifying pressure on the Kurdish autonomous region over its independence referendum.
The pipeline to Turkey's port of Ceyhan usually pumps between 500,000-600,000 barrels per day.
"The high compliance of producers in jointly curbing output as well as the news of (Turkey's response to) the referendum have helped oil prices," said Tomomichi Akuta, senior economist at Mitsubishi UFJ Research and Consulting in Tokyo. "Brent prices could top $60 (a barrel), supported by the short squeeze."
U.S. crude has lagged behind in comparison amid a large oversupply exacerbated by Hurricane Harvey, which forced the closure of nearly 25 percent of U.S. refining capacity.
Refineries in Philadelphia have cut rates because crude deliveries have been slowed by rough seas as Hurricane Maria headed north along the Atlantic Coast.
The spread between WTI and Brent futures widened to $7.17, its steepest since August 2015.
U.S. crude inventories likely rose by 2.3 million barrels last week, a preliminary Reuters poll showed on Monday ahead of data by the Industry group the American Petroleum Institute. [EIA/S] [API/S]
Analysts forecast that stockpiles of gasoline likely fell by 1 million barrels, while distillate inventories, which include heating oil and diesel fuel, were projected to fall 2.5 million barrels.
The API is scheduled to release its data for last week at 4:30 p.m. EDT (2030 GMT).
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
smartly
6,430 posts
Posted by smartly > 2017-09-26 10:28 | Report Abuse
yes. mother up liao.... :)