Reflections on Volume

Big volume without further upside equals distribution
Big volume without further downside equals accumulation

Volume tends to peak at turning points
Volume often precedes price movement
Volume is a relative study

Friday, July 27, 2012

SapuraKencana wins RM300m topside contracts

PETALING JAYA (July 26, 2012): SapuraKencana Petroleum Bhd has won two contracts worth up to RM300 million from Murphy Sarawak Oil Co Ltd to build topside facilities for its oil and gas field development located offshore Bintulu in Sarawak.

The contracts are expected to be completed and delivered to Murphy Sarawak in the first half of 2013.


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