Is it time to buy oil and gas stocks?


Nah, wait till 2H2016.

Dateline 2015-09-14, The Star:

IT is often regarded that the best time to accumulate a stock is when nobody is looking at it. Would that hold true for oil and gas [O&G] stocks whose prices have been beaten down in the wake of the collapse of oil prices?

“Yes and no, perhaps one can start looking at certain O&G companies that are not so directly impacted by the oil price and those that are in the brownfield segment,’’ said a senior analyst.

The analyst added that earnings for KNM and Dialog were more tied to jobs related to the massive Refinery and Petrochemical Integrated Development (Rapid) project by Petronas at Pengerang, Johor.

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