OSK bullish on 2013 oil and gas outlook

January 9, 2013

Dateline 2012-12-28:

OSK Research Sdn Bhd is bullish on the oil and gas sector outlook for next year in anticipation of more contracts being rolled out.

The contracts include RM8 billion-RM10 billion worth of hook-up commissioning in the Peninsular Malaysia cluster, marginal oilfields (MO) and the replacement of expiring brownfield contracts.

The research firm chose SapuraKencana Petroleum Bhd and Dialog Group Bhd as its top picks for the sector.

“We like these companies for their excellent track records and believe that in the event of a slowdown in contract awards, they would still have strong orderbooks.

“This reinforces our conviction on their respective earnings growth next year,” its said in a note today.

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From the NST – OSK’s Crude Price Prediction

June 14, 2009

Dateline 2009-06-13, taken from the New Straits Times:

OSK expects oil to stabilise at US60.

OSK Research Sdn Bhd expects crude oil price to stabilise at US$60 (RM120) per barrel in the immediate term as there is no reason to justify the continuous price rise.

 

NST - OSK Oil Price Prediction

NST - OSK Oil Price Prediction

I’m all for oil to stabilise in the USD60-80 price range. That will allow pre-price crash projects to restart while not having a significant impact on gas prices, though I do hope that there will be an impetus to invest in energy saving innovations. Anyone know how to bring down the price of the Toyota Prius and Honda Civic Hybrid?

You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.

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Posted by Wata