BFM Podcast
Re-evaluating the Oil & Gas Industry
Chris Eng, Executive Vice President, Head of Research Investment Management Etiqa Insurance & Takaful
21-Nov-14 11:00
Petronas which is set to re-evaluate its RM 300 billion capex programme will have major spillover effects for the oil & gas industry. Chris Eng also discusses the FPSO segment which is showing resilience but remains cautious over the Brazil market.
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Soon, the RM 300 billion capex programme will be reduced to RM 100 billions and brings major negative spillover effects for the local oil & gas industry.
What do you think the future will be when Petronas does austerity.... especially to those local oil & gas which have spent a lot to expand their oil & gas assets....
Think and think harder
2014-11-22 18:19
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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....
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Petronas which is set to re-evaluate its RM 300 billion capex programme will have major spillover effects for the oil & gas industry.
The biggest threat to the local oil & gas industries will be the Malaysian government..... yes, the Malaysian government.
Recall that Petronas had applied to limit its dividend to the Malaysian government at 30% of its profit, but, was rejected.
Double whammy is............ with a lower income in years to come, yet, the Malaysian government will ask for more because the Malaysian most recent economy's growth rate was below 6%.
The biggest threat to the local oil & gas industries will be the Malaysian government..... yes, the Malaysian government.
2014-11-21 16:46