WHile there has been a complete breakdown in crude oil futures (it could even be signalling an upcoming recession) this might not be a very bad thing for our oil and gas companies.
This might now push the govt to scale back further the additional taxes and duties that have been levied on crude/refining and also refined products.
Watch this space and track your fav Oil & Gas companies for the same.
Also for crude traders can go short with SL above 84 but this pattern does signal a much deeper fall..
Also can look fowards plastic co's and paint companies which will benefit from the fall in crude prices. (key RM for them)
This might now push the govt to scale back further the additional taxes and duties that have been levied on crude/refining and also refined products.
Watch this space and track your fav Oil & Gas companies for the same.
Also for crude traders can go short with SL above 84 but this pattern does signal a much deeper fall..
Also can look fowards plastic co's and paint companies which will benefit from the fall in crude prices. (key RM for them)