Is oil and gas industry healing?


Nah. And notice  reference to Headwind.

Dateline 2017-08-07, NST:

 Experts from the financial services industry and people on the ground are split on where the oil and gas industry is actually heading, said MIDF Research oil and gas analyst Aaron Tan.

“People from FSI are optimistic on the stock price movement of oil and gas companies. (But) as far as MIDF is concerned, we are maintaining our view that the upstream segment of the oil and gas industry will still face headwinds, while the downstream segment will continue to perform well, due to further pressure to oil price.

“Low oil price means low feedstock price and lower cost which translates into lower production costs,” he told NST Business last week.

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