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$Dyna-Mac (NO4.SG)$ $Dyna-Mac(NO4.SI)
Strategy shifts power Dyna-Mac’s growth
IT WAS a turbulent time when Lim Ah Cheng took the helm at offshore oil and gas (O&G) contractor Dyna-Mac in 2020.
The company’s founder had passed away just months ago in 2019, and its financial results were dismal.
Underutilisation of the shipyard and a low order book drove Dyna-Mac to a net loss of S$23.8 million for FY2019, reversing from a net profit of S$1.5 million the year prior, as full-year revenue retreated...
Strategy shifts power Dyna-Mac’s growth
IT WAS a turbulent time when Lim Ah Cheng took the helm at offshore oil and gas (O&G) contractor Dyna-Mac in 2020.
The company’s founder had passed away just months ago in 2019, and its financial results were dismal.
Underutilisation of the shipyard and a low order book drove Dyna-Mac to a net loss of S$23.8 million for FY2019, reversing from a net profit of S$1.5 million the year prior, as full-year revenue retreated...
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🚨Here's a trend that should be getting more attention from the legacy media.
Oil prices $CL_F are up 30% over the last three months to reach their highest level in almost a year near $90/bbl.
The recent surge has been driven by ongoing production cuts made by Saudi Arabia, Russia and their OPEC allies. 🇸🇦🇷🇺
Meanwhile, and here's the worrying part, U.S. crude inventories have fallen to their lowest level since 1983. 🇺🇸
To be exact the USA has 46 days worth of emergency oil supply left.
Any unex...
Oil prices $CL_F are up 30% over the last three months to reach their highest level in almost a year near $90/bbl.
The recent surge has been driven by ongoing production cuts made by Saudi Arabia, Russia and their OPEC allies. 🇸🇦🇷🇺
Meanwhile, and here's the worrying part, U.S. crude inventories have fallen to their lowest level since 1983. 🇺🇸
To be exact the USA has 46 days worth of emergency oil supply left.
Any unex...
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In November, Wall Street's primary indices rebounded after three months of weakness. The easing of US inflation suggested that stubbornly high prices were loosening their grip on the economy. The softer-than-expected consumer price index also boosted confidence in the market that the Federal Reserve would end its rate-hiking cycle soon. These developments point to the possibility of a soft landing for the US economy with...
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$Tesla (TSLA.US)$ Go up to 250.
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