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Sapura Energy seen among first to benefit from higher oil prices — TA

Mimi Sabreena 3:06:00 PM Informasi

KUALA LUMPUR (June 25): Crude oil producers Sapura Energy Bhd and Dagang NeXchange Bhd are seen as among the first to benefit from an improved oil price environment. This is because higher prices of the commodity will catalyse production and accelerate monetisation of oil and gas reserves.

TA Securities Holdings Bhd wrote in a note today that Sapura Energy and Dagang NeXchange are expected to thrive on the back of higher oil prices at some US$70 a barrel in 2018, compared with US$53 and US$48 a barrel in 2017 and 2016 respectively.

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