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$Rex Intl (5WH.SG)$ Remember the last time when oil price wa...
Remember the last time when oil price was high and Rex couldn't take advantage? It's repeating.
According to Rex, production from Norway and Oman totalled 9,163 barrels of oil equivalent per day (boepd) in Sep, down 21.2% m-o-m from the 11,631 boepd recorded in Aug.
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bullrider_21
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MamaCat21 : And this means…?
bullrider_21 OP MamaCat21 : This means even though high oil price, share price will drop.
bullrider_21 OP : High oil price, but production drop. So Rex's net profit will also drop.