PETALING JAYA: Slumping crude oil prices in the global market are taking the shine off oil and gas (O&G) counters amid growing worries that exploration and production (E&P) activities may slow down and contractors’ margins will be squeezed.
Shares in SapuraKencana Petroleum Bhd tumbled 20 sen yesterday to RM3.86, its lowest level in a year. The stock has fallen 18% year-to-date.
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