Oil & Gas - Sector in Focus

Would the news below stimulate the oil & gas sector?

Prime Minister Datuk Seri Najib Tun Razak is expected to announce on Nov 30, new development projects as well as several entry point projects (EPPs), that will boost the oil, gas and energy sector.
Read more: Najib to announce ETP projects on Nov 30 http://www.btimes.com.my/Current_News/BTIMES/articles/20101125142859/Article/index_html#ixzz16IkVn500

Malaysia will soon become one of the world's four deepwater oil and gas (O&G)hubs, standing shoulder-to-shoulder with industry leaders like the United States, Brazil and Europe.
Prime Minister Datuk Seri Najib Tun Razak said the Asia-Pacific region has seen increased interest in deepwater development and Malaysia is already at the forefront of this development.
Read more: 'Malaysia to be a global deepwater O&G hub' http://www.btimes.com.my/Current_News/BTIMES/articles/20101125164710/Article/index_html#ixzz16IpJnzN7

After scanning few O&G support company, I found few companies still trade at 52 weeks low. Mind you, there are not loss making money companies but very much in profit. It maybe due to certain fundamental issue or they have been off the radar of investors. Below are the charts (copy from tradesignum.com) of the three companies with their previous earnings reported.

Coastal (Current Price: 2.31)

Alam (Current Price: 1.14)

 

 Sealink (Current Price: 0.615)

It would be too simplistic to decide based on the chart and earning but it do tell a small part of the story for you to continue researching it. Please do check on the business, management, balance sheet, Cash Flow, etc or seek the advise from your investment adviser.