MAYBANK Investment Bank Bhd remains upbeat on the country's oil and gas industry, saying there are plenty of upstream and downstream opportunities available for oil majors and service providers.
Oil and gas service providers are in demand due to the requirement for additional services, rigs and manpower, among others, its senior analyst T.J. Liaw said.
"We believe Petronas (Petroliam Nasional Bhd) will undertake a strategic programme given that oil prices are at a low now. There will be an increase in capital expenditure (capex) where they will award a lot of jobs," he said.
1 comment:
Hi,
Investments in oil and gas canprovide a hedge against the impact of high or rising energy prices on other asset classes. Oil and gas is also an investment that is particularly timely right now, for some of the following reasons. Thanks a lot...
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