From the Borneo Post – ETP newsflow creates O&G stocks rally


Dateline 2011-01-14:

KUCHING: Malaysian Oil and Gas (O&G) stocks skyrocketed in the past few days in response to Prime Minister Datuk Seri Najib Tun Razak’s announcement of another 19 Entry Point Projects (EPP) with three from the O&G sector under the Economic Transformation Programme (ETP).

On top of that, Main Board of Bursa Malaysia also witnessed record breaking 52 weeks high levels of certain counters since the announcement on January 11, 2011. The RM20 billion investment in the O&G and energy sectors were expected to perk up trading in these stocks after vanishing from the radar over the last two years due to weakening in crude palm oil (CPO) levels and lack of activity in the energy sector.

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This entry was posted on Sunday, January 16th, 2011 at 6:00 am and is filed under business opportunity, investment, Malaysia, oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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