Analyst believes mega mergers in oil and gas are on the cards

KUALA LUMPUR, Sept 18 (Bernama): The impact of the Covid-19 pandemic on the oil and gas industry (o&g), coupled with green agenda activism, could trigger an era of mega-mergers and consolidation among the super majors in the industry, AmInvestment Bank Bhd analyst Alex Goh said.

Remisier fined RM75,000 and suspended for manipulative trading activities

Smoother now for O&G, but tough times not over

Analysts see intense competition due to capex cuts

Lower activity levels for local O&G players as Petronas cuts spending

KUALA LUMPUR: Kenanga Investment Bank Research expects Petroliam Nasional Bhd’s (Petronas) turning more cautious on its spending, this will impact the value chain across the oil and gas (O&G) sector.

Worst is over for oil and gas sector

KUALA LUMPUR: AmInvestment Bank Research has upgraded the oil and gas sector to "overweight" despite the ongoing volatility in crude oil prices as the downcycle may have hit a bottom.

Velesto may see more downside to EPS

PETALING JAYA: Velesto Energy Bhd could see more downside to its earnings per share (EPS) moving forward following weaker utilisation rates, said CGS-CIMB.

Trading ideas: AirAsia, TCS, Tex Cycle, Kossan

KUALA LUMPUR: JF Apex Research expects AirAsia, TCS Group, Tex Cycle Technology and Kossan as the stocks which could see trading interest on Wednesday following their corporate announcements.

Velesto signals weak demand for oil drilling services after Q2 losses

KUALA LUMPUR: Velesto Energy Bhd made a loss in the second quarter on lower performance in both its drilling and oilfield services segment, while the company had to incur additional expenses due to the Covid-19 pandemic.

Is investing in oil stocks worthwhile?

Stocks appear cheap but sector’s outlook remains challenging

O&G stocks in short-lived rally

PETALING JAYA: The recent rally in oil and gas (O&G) counters on Bursa Malaysia was short-lived as the sector’s turnaround remains sluggish with demand recovery expected to face roadblocks due to a fresh wave of coronavirus (Covid-19) infections.