Towards Financial Freedom
Offshore Marine - 2Q12 Results Roundup
Roller coaster ride on oil price fluctuations. Offshore & Marine stocks went through a roller coaster ride during the second quarter following the trail of gyrating oil prices. Brent crude fell briefly below USD90/bbl in June 2012 before recovering back above USD100/bbl level. Worries that declining oil price may trigger a cut in E&P spending have somewhat dissipated as oil prices recovered and offshore players reported a series of contract wins. 2Q12 results were again mixed, but generally supported our views on the sector.
Source: Maybank Kim Eng
Source: Maybank Kim Eng
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CS Tan
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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....
