Connect with us


4 Stocks This Week (MOG) [27 May 2018] – KrisEnergy; Rex International; Interra Resources; CWX

Light at the end of the tunnel for oil and gas stocks?

The SGX MOG index has seven component companies categorised in the sub-categories of oil & gas exploration & production, and oil and gas equipment & services. Crude oil prices has risen to US$68 a barrel, the highest rate it has been in more than three years, and escalating geopolitical tensions in the Middle East, supplies could be further reduced.

This may result in an increasing crude oil market in the near-term.

# 1 KrisEnergy (SGX: SK3)

KrisEnergy is an Asian-focused upstream oil & gas company with a portfolio of producing assets in Thailand and Bangladesh, and near-term development and exploration assets in Cambodia, Indonesia and Vietnam.

In the year-to-date 2018, its stock price has risen 5.0%, and in the month of April, it has risen 24.7%. In the past 52-weeks, its stock price has rallied 30.9% from its lowest point. This is despite experiencing a 34.2% decrease in its stock price in the past 52-weeks.

KrisEnergy has a market capitalisation of $159.3 million, making up 12.2% of the SGX MOG Index.

Read Also: Increasing Interest Rates In 2018: Here Are 4 Ways Singaporeans Will Be Affected

# 2 Rex International (SGX: 5WH)

Rex international is an oil exploration and production company, focused on Norway and Oman. Rex International uses its Rex Virtual Drilling technology to improve its chances of finding oil, without traditional methods.

Rex International’s stock price has decreased 7.1% in the year-to-date 2018, while it has risen by 4.0% in the month of April. It has also rebounded strongly, by close to 18.2%, from its 52-week low prices.

The company’s market capitalisation is close to $66.7 million, accounting for 10.8% of the SGX MOG Index.

Read Also: How To Start Investing With Just $100 A Month In Singapore

# 3 Interra Resources (SGX: 5GI)

Interra Resources is in the business of petroleum exploration and production. Its five petroleum contracts are in Indonesia and Myanmar.

Interra Resources’ stock price has decreased 4.8% in the year-to-date 2018, while it has risen 1.7% in the month of April. Similarly, its stock price has rebounded 31.1% since its lows in the past 52 weeks.

With a market capitalisation of 34.6%, it comprises 1.7% of the SGX MOG Index.

Read Also: How Do You Start Investing In Rubber?

 # 4 CWX Global (SGX: 594)

CWX is involved in

CWX’s stock price has declined 11.1% in the year-to-date 2018, but did not change in the month of April. Like the three previous stocks, its share price has also rebounded strongly, by 14.3%, from its 52-week lows.

It has a market capitalisation of $31.2 million.

Read Also: Rights Issue: What It Means And How It Impacts Investors

If you are interested to read more about Singapore stocks, you can check out our extensive archive of articles of 4 Stocks This Week. To stay up to date with the latest news on the Singapore Exchange, you also can check out the SGX My Gateway Market Updates to get more insights.

Advertiser Message

Don’t Take A 50-50 Chance With A So-So Trading Experience

As a Gold/Diamond client with, you can let your investments soar higher with flat HK$50 processing fees* for HKEX trades. This means that whether you make a HK$10,000 or HK$100,000trade, you will only be paying HK$50 in processing fees*. So, the higher your investment amount, the higher your cost savings!
Click here to find out more.
*Excludes exchange-related fees.

4 Stocks This Week is not a recommendation from us to buy or sell any of these stocks. For investors who are keen to find out more, you should continue researching about them before making your investment decisions.