August 5, 2021

8 thoughts on “O&M Companies – If No Rig or OSV Orders, Then What? Specialized Vessels?

    1. Oil crisis affects O&G directly. GFC affects banks which indirectly affects O&G companies.

      End of the day, which is worse is going to depend on which has oil price more depressed over a longer period of time!

  1. Hi Rolf

    How you can get so technical with O&G? It sounded like an O&G lesson. I remembered you are from this industry?

    May I know how much you are vested with O&G stocks?

    1. Haha. I remembered reading somewhere but lazy to go through pages again to dig out.

      Great portfolio size and diversity you have.

    1. Hi Chin Wei,

      Thanks for the reference link. It is a very good article and I kind of agree with it. haha.

      Yes U remember correct, which is BAD news for me. I hold Ezion, and my buy price is 1.5. It is suffering.

      Frankly since oil price decline drastically, it is extremely difficult for even fundamentally good company even those like Keppel and Semb to turn around quickly. The only time the share price will go up is due to market reaction solely. Unless oil price rebound and orders come in. But even oil price rebound, the reaction of companies rebounding up profit will take awhile, bcos of the backlog order nature of the business.

      The GOOD news is, Ezion is less than 1.5% of my overall portfolio of stocks. If includes my cash position, percentage is even lower.

      The best news to me though, is Acceptance. I acknowledged that it is not a good decision now. The same applies to Sembcorp when I buy it over $4.

      By not covering my shortcoming, or not creating too many stories why I do this and that then, this is the only way I will learn really fast going forward.

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