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O&M sector: is the worst over?

Fundamentals remain challenging with supply-demand imbalances expected to persist especially in 2 sub-sectors

Published Thu, Mar 17, 2016 · 09:50 PM

THE recent gains in oil prices from the rock-bottom US$20s in February have led to advances in offshore and marine (O&M) stocks as investor interest return to a sector - the offshore drilling and offshore support vessel (OSV) sub-sectors, in particular - that has been badly bruised.

CIMB Securities has proclaimed that "the worst may be over" for the O&M sector, although with Brent oil seen dipping to under US$40…

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