Sunday, 31 July 2016

MARKET OUTLOOK FOR MONDAY - SWIBER SEEK FOR JUDICIAL MANAGEMENT GOOD NEWS COMING INSTEAD OF WINDING UP

Since the bad news on Thursday that Swiber is winding up has sent shock wave to the Oil and Gas industries such as EZRA, EZION, VALLIANZ and REX. Even DBS their financial lender was not spare on Thursday and Friday. On Friday night, Swiber announced that it is seeking for JUDICIAL MANAGEMENT instead of voluntary winding up after consulting with their financial creditor.
 
This is a piece of good news that all OIL & GAS related plays will rebound from the current sell-down since Thursday.
 
 
STI
DBS




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