With Oil prices recovering steadily over the past year and well into FY2021, many investors are looking at possible companies to invest in so that they can ride this recovery trend. Rex International (SGX: 5WH) is one such company that is also a small-cap gem. There’s been a ton of good news pouring its way so without further delay, let’s dive into whether or not you should invest in this small-cap gem in 2021.
Note: This is a sponsored post but the views and opinions of Rex International are of my own.
Update On Rex International
Let’s start the article with the newest updates on Rex International since the start of the year.
Completion of Yumna Well 2 and 3
Rex International started the year strong with the completion of Yumna Well 2 and 3 which further increased the oil production from 9,000 stb/day to 30,000 stb/day. The operating costs are also well maintained at a low US$80,000/day.