GSS Energy – Price Drops To Near Pre-announcement After Striking Oil!

GSS Energy (GSS) announced that it has struck oil and (surprise) gas in its first well on 13 December 2017. Share price jumped to an intraday high of $0.178 on 14 December 2017, after the trading halt was lifted but it has since weakened to an intra-day low of S$0.156 on 21 December 2017 before closing at $0.161.

Time To Go Overweight On Offshore And Marine In 2018?

The offshore and marine (O&M) sector has been overlooked for most of 2017 as negative sentiments gripped the market owing to the low oil price. However, with oil prices recovering year-to-date, CIMB believes that it is time to review the sector. According to CIMB, the O&M sector is prime for a re-rating.

Large Cap Oil And Gas Picks For 2018

The Oil and Gas sector has been improving since the second half of 2017, and its recovery is expected to continue into 2018 as surplus in crude oil reduces. For investors who are following the latest developments in this sector, this article will highlight some important trends to take note of, as well as which few stocks to focus on.

SI Research: Oil & Gas Industry Outlook

It has almost been three years and the oil market still seems awash with crude. Despite the Organisation of The Petroleum Exporting Countries’ (OPEC) best efforts, the 14-member body that controls more than 81.5 percent of world’s oil reserves and produces almost 50 percent of world production, has failed to help lift oil prices meaningfully.

Bloomberg: Crude Oil’s Biggest Tumble Since March In 3 Charts

Oil’s 5 percent tumble Wednesday, the biggest slide since March, followed government data that showed U.S. crude and fuel stockpiles unexpectedly soaring at a time of year when they normally decline. Here are three charts showing what made oil bulls run scared.
The 172nd Organization Of Petroleum Exporting Countries (OPEC) Conference

Bloomberg: OPEC Deal Extension Isn’t Enough For Oil Traders

Hedge funds trimmed bets on rising crude prices to the lowest level since November as oil futures dipped below $50 a barrel amid scepticism that an OPEC-led campaign to cut output will soon curb a worldwide supply glut. Speculators fled bearish positions for a second week.