PETALING JAYA: AmInvestment Bank Research (AmResearch) has maintained its “overweight” stance on the oil and gas (O&G) sector as it believes the current oil price environment provides a trading opportunity for O&G companies.
This is especially for those which are exposed to the exploration and production subsegment as they will be able to command stronger selling prices.
“We expect to see Brent crude oil price to trade range-bound between US$70 and US$95 per barrel.
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