Report

Oil&Gas Industry 2H2023 - GOOD TIME FOR UPSTREAM

High oil price environment has been supporting the overall sector from Oil&Gas (O&G) services price to E&P activities. Hence, the potential jobs for the upstream companies are now available. In terms of domestic market, Block B is the main catalyst for O&G sector. However, the FID announcement  is still being delayed, which is the notable downside risk as the O&G stock price has been increasing significantly before thanks to this. Without this project, we believe that the upstream companies will post positive earnings growth in 2023, 2024 compared to the negative number of mid and downstream

Provider
Viet Dragon Securities
Viet Dragon Securities

Viet Dragon Securities belongs to top 20 biggest securities companies in terms of chartered capital in Vietnam. With a qualified, dedicated and professional team, a widespread network, advanced technology, diversified products and services, and good relationship with local and foreign institutions, we provide a wide range of services and products to our clients both individuals and institutions, both local and foreign. We commit to provide our clients with promising investment opportunities and a comprehensive and professional financial investment services.

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Analysts
Vu Tran

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