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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. ....

United States , Petroliam Nasional Bhd , Pansar Bhd , Hassan Mohd Jamil , Joe Biden , Thien Chiet Chai , Reservoir Link Energy , Brent Crude Oil , Organisation Of The Petroleum Exporting Countries , Blink Energy , Place Market , Bursa Malaysia , Petroleum Exporting Countries , West Africa , Datuk Wan Hassan Mohd Jamil , Awan Hassan , Crude Oil , Corporate News , Rle Reservior Link Energy , ஒன்றுபட்டது மாநிலங்களில் , பெட்ரோலியம் நேஷனல் ப்ட் , பன்சார் ப்ட் , ஹாசன் மொஹட் ஜாமில் , ஓஹோ பிடென் , நீர்த்தேக்கம் இணைப்பு ஆற்றல் , ப்ரெண்ட் கச்சா எண்ணெய் ,

Trading ideas: Hai-O, NTPM, Reservoir Link

KUALA LUMPUR: There is a long list of stocks to watch for on Monday following the announcement of corporate earnings and activities in the previous week, according to JF Apex Research.
Hai-O’s net profit grew 41.5% year-on-year to RM10.35 million in its 2QFY21 from RM7.32 million last year, thanks to higher sales from its multi-level marketing division.
NTPM returned to the black in the second quarter ended Oct 30, 2020 with a net profit of RM13.74 million from a net loss of RM1.36 million a year earlier.
Reservoir Link Energy has bagged a contract worth US$11.5 million (RM46.3 million) for the provision of perforation and wash for abandonment and decommissioning of Chinguetti and Banda Fields, offshore Mauritania. ....

Kuala Lumpur , Mi Technovation , M Sdn Bhd , Puncak Niaga , Reservoir Link Energy , Accurus Scientific Co Ltd , Jf Apex Research , Shanghai Shenqi Medical Co Ltd , Blink Energy , Banda Fields , Samdo Smart Solar , Sdn Bhd , குவாலா லம்பூர் , மீ ஸ்டன் ப்ட் , நீர்த்தேக்கம் இணைப்பு ஆற்றல் , ஜ்ஃப் உச்சம் ஆராய்ச்சி , இணைப்பு ஆற்றல் , பந்தா புலங்கள் , ஸ்டன் ப்ட் ,