Oil & Gas: Let the Recovery Begins...

Oil & Gas: Let the Recovery Begins...

WTIC broke above USD60 yesterday. This signaled the beginning of the recovery for crude oil prices.


Chart 1: WTIC's monthly chart as at May 5, 2015 (Source: investorshub.advfn.com)

I have appended below the 5 stocks that have been recommended as a BUY by both CIMB and Maybank. Out of these 5 stocks, my picks are listed below with their respective entry levels:

1) Perdana (RM1.30)
2) Armada (RM1.20)
3) Dialog (RM1.55)
4) SKPetro (RM2.70)

Chart 2: Perdana's weekly chart as at May 6, 2015_4.15pm (Source: ShareInvestor.com)


Chart 3: Armada's weekly chart as at May 6, 2015_4.15pm (Source: ShareInvestor.com)


Chart 4: Dialog's weekly chart as at May 6, 2015_4.15pm (Source: ShareInvestor.com)


Chart 5: SKPetro's weekly chart as at May 6, 2015_4.15pm (Source: ShareInvestor.com)


Chart 6: UMWOG's weekly chart as at May 6, 2015_4.15pm (Source: ShareInvestor.com)

Note: 
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, Perdana, Armada, Dialog, SKPetro & UMWOG.

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