Bright oil and gas prospects

PETALING JAYA: Prospects for oil and gas counters remain bright and are expected to pick up in the second-half of the year despite the market perception that certain counters may be overbought or expensive as more contracts will be awarded.

The latest set of financial results released by these counters have been mixed as the first three months of the year has usually been a slow period due to the seasonal monsoon weather patterns but analysts pointed out that this time around, political risks had also played a part in having an impact on the industry.