Rising tide does not lift all boats in O&G sector

Yup, I and some of my fellow OGSE seem to have been set adrif, ala USS Indiapolis. At least the sharks just ate you, not toy with you.

Dateline 2022-06-03, The Edge:

Given the high crude oil prices at above US$90 per barrel, not all domestic oil and gas (O&G) companies made handsome profits in the first quarter of 2022 (1Q22), although an increasing number of analysts have turned optimistic on the sector’s prospects ahead.

A random check on 35 O&G-linked companies by The Edge revealed that 23 companies or 66% of them posted year-on-year growth while 22 or 63% posted quarter-on-quarter improvements. However, 12 companies or 34% were still loss making in the quarter.

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