Wednesday 28 December 2016

Oil & Gas. Beautiful Now

Is a 2015 hit for Zedd feautring Jon Bellion, taken from the album true colours.

Oil and gas stocks look beautiful now, with the likes of Sumatec, Reach Energy Warrants, Hibiscus, KNM and Perisai dominating the top ten most actively traded stocks today on the stock exchange.

The other similarities, between these equities are that they are all penny stocks, that are trading below 40 sen.

Could this be the start of a penny stock oil rally on Bursa Malaysia in 2017, or will the sectors true colours, such as rising bankruptcies, delinquent loan repayments, put an end to the oil bulls run.

We shall find out soon enough. Won't we ....