Rex International doubles down on oil even as it diversifies
Upstream oil firm levels up from exploration to production; becomes SGX's most traded energy stock this year
Singapore
MID-SIZED upstream oil firm 5WH : 5WH 0% is by far the most traded energy stock on the Singapore Exchange (SGX) this year, and rising crude prices as global economies rebound is only part of its red-hot appeal.
Over a span of just two months, the Catalist-listed firm has dished out two big deals to keep investors satiated. It bought an oil field in Norway, marking its first production asset in western Europe's largest oil-and-gas producer, where the firm already has several key discovery assets.
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