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Brokers' take

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It remains to be seen if oil prices have bottomed, and even if so, oil companies would want to see some sustainability before budgeting for new projects.

Singapore yards | Underweight
OCBC Investment Research, Jan 29

It remains to be seen if oil prices have bottomed, and even if so, oil companies would want to see some sustainability before budgeting for new projects.

Given the highly oversupplied rig

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