KUALA LUMPUR (Feb 10): Sapura Energy Bhd said today that its wholly-owned subsidiaries and joint venture (JV) company have been awarded RM1.85 billion worth of contracts and contract extensions, comprising engineering and construction, and drilling works in Saudi Arabia, Thailand, Brunei and Malaysia.......
Oil price keep going up & up & up up up... All O& G companies will getting more & more big projects... Tommorrow on-wards will be the turn for O & G theme started to spike up to sky high !
Next week you will see all IB and Investor coming to attack oil & gas counter. The reason they believe price of brent will surpass 70 USD because many oil & gas company not planning to restart drilling or operation anytime soon as they see covid 19 situation not really stable yet even with the introduction of vaccine. However everywhere in the world storage now going into lower level. No Production. No Supply increase. Many rigs still on ideal and not going to restart anyway soon. You are seeing oil price now sky rocketing. Even Many Opec Nation want the price at least at 80 USD for them to survive and cover their budget and stimulus.
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....
Trader Lo
471 posts
Posted by Trader Lo > 2021-02-07 05:47 |
Post removed.Why?