High performing Oil and Gas sector stocks, selected on the basis of low valuation
Malaysia’s oil and gas industry is more than 100 year old industry. Over the years, it has grown rapidly and at present, the country has one of the largest oil & gas reserves in the region. This industry contributes more than 20% to the national GDP.
In 2016 and 2017, global Oil and Gas industry has experienced turbulent times because of oversupply of crude oil. This has resulted in prices to go down. However, the latest report of OPEC, suggests that the market for crude will be under supplied by 0.4 million barrels per day in 2018. The report appears to support the thesis for stronger oil prices throughout 2018 and beyond.
South East Asia has around 412 offshore ongoing field development activities out of which Malaysia has got maximum number of projects. These projects involve a large amount of Capital Expenditure for development. As part of Economic Transformation Program, the ‘Oil, Gas and Energy Sector’ is expected to grow by more than 5% CAGR for next 3 years. Hence, it provides a good opportunity to invest in the sector and take benefit out of the future growth.
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