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Trading ideas: Genting, Minetech, IJM, KLK, Uzma

Trading ideas: Genting, Minetech, IJM, KLK, Uzma
thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.

RLE poised to capitalise on rising oil prices

RLE s MD Wan Hassan says Petroliam Nasional Bhd has signalled that it was investing some RM40bil to RM55bil into capital expenditure (capex) over the next five years.“This development is indeed a good sign for us, ” he says THE continued rise in Brent Crude Oil prices is likely to restore and increase the fortunes of some companies operating in the oil and gas (O&G) space. Reservoir Link Energy (RLE) Bhd which was listed on the Ace Market of Bursa Malaysia on July 15 last year is poised to also be a beneficiary of strong oil prices. Executive director Thien Chiet Chai tells StarBizWeek that the journey of taking the company public was a long one.

How Reliable Is Your Minnesota Electric Supplier?

Reply (Shutterstock) WOODBURY, MN The monumental power failure in Texas caused by unseasonable cold showed how extreme weather can push an electric grid to the brink. The average U.S. power customer loses electricity for 1.5 to 2 hours annually even before extreme weather events are taken into account, according to data from the U.S. Energy Information Administration. As the Texas experience showed, hurricanes, snowstorms, heat waves and other extreme weather events can make such outages dramatically worse. Customers in Minnesota state experienced 2.50 hours without power in 2019 2.20 fewer hours than the national average of 4.7 hours in 2019, which is the most recent information available, according to the EIA.

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