The three musketeers had their glory days back in the last bull cycle (2001-2008) where oil & gas was a hot industry. Many Singaporeans have bought into their glory but the stocks have never gone back to the highs, not even with the help of the recent bull run. You might be still holding onto these stocks. In this article we will delve deeper into the three companies and hope you can get more information before deciding your next move.
Chapter 1: The Past
These 3 companies used to be darlings of the Singapore stock market as their share price have been performing well and the dividends were attractive.
During the period from 2010 to 2014, the oil price was trading at USD 80 – USD 100 per barrel. However, since 2014, US shale oil has created a boom in crude oil production. That created a huge supply shock to the oil market. US used be an oil importing country, but it became an oil exporting