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

Tuesday, September 11, 2012

Good times ahead for SapuraKencana: HwangDBS

PETALING JAYA (Sept 11, 2012): SapuraKencana Petroleum Bhd, which will be busy tendering for jobs by Petroliam Nasional Bhd (Petronas) these few months, is set to secure new fabrication and marginal field contracts in the second half of this year, HwangDBS Vickers Research Sdn Bhd said.

"Contracts in the pipeline include the Pan Malaysia hook-up commissioning jobs worth RM10 billion and Petronas' inspection, repair and maintenance contract, which may be worth up to RM800 million, as well as fabrication projects at the Samarang, Dulang and Bokor platforms worth over RM3 billion," the research firm said in a report yesterday.

"(Additionally,) Petronas is expected to award two risk service contracts for the Tembikai and Cenang marginal fields near Block PM314 off the peninsula and the award of these contracts, possibly by the fourth quarter of 2012, could be a catalyst," said HwangDBS.

HwangDBS believes that SapuraKencana is a top contender to bag major contracts from Petronas as it is the only player in the country that offers the full spectrum of services across the oil and gas (O&G) value chain.

Read more "Good times ahead for SapuraKencana"

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