OIL & GAS BULL PAUSE. AFTER THIS POOR QUARTER RESULT DUE TO MONSOON O&G BULL RUN WILL RESUME, Calvin Tan Research

May 26, 2019 By Calvin Tan Smart Investment

Hi guys,

The recent poor results from Penergy, Dayang & Carimin due to monsoon, have caused a pull back in Oil & Gas Bull run. This is only temporary as BULL RUN Will resume & results for coming Quarters of August & November 2019 expected to be better.

However, we must continue to Focus on those with healthy balance sheet and avoid those highly indebted ones which might be insolvent, then go into Pn17 & finally delist due to high borrowing

WE HAVE ALREADY HIGHLIGHTED THE POTENTIAL OF UZMA

FURTHER FOLLOW UP ON UZMA BY OUR CONVERSATION WITH MANAGEMENT

Last we called UZMA Head Office & these are some updates

1) THE 22 DECOMMISSIONING OIL WELL JOBS WILL TAKE ABOUT 7 TO 14 DAYS PER WELL. EXPECTED COMPLETION FROM JULY 2018 TO JULY 2019

THESE ARE BETTER PAYING JOBS SECURED & PAYMENT FROM PETRONAS IS PROGRESSIVE. PLUS MANY OTHER JOBS ALREADY SECURED COMPANY IS SANGUINE THAT O&G INDUSTRY NOW FACING MUCH BETTER TIMES

2) COMPANY IS ACTIVELY LOOKING FOR MORE NEW JOBS OF VALUE

3) UZMA DOES NOT OWN ANY OIL RIGS BUT IT HAS 9 HWUs (Hydraulic Workover Units). In Malaysia all Off shore but HWUs in Thailand are all Onshore

These are now in active employment

4) UNLIKE BARAKAH – UZMA ASSETS ARE VERSATILE & CAN EASILY CHANGE & ADAPT TO DIFFERENT JOB NEEDS

5) OVER ALL THE OIL & GAS INDUSTRY IS NOW IN UPTURN

CALVIN TAN RESEARCH MAINTAINS ADD ON WEAKNESS.

ANYTHING BELOW 80 SEN JUST ADD MORE

 

BEST REGARDS

 

Calvin Tan

Singapore

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