(Stocks Discussion) SGX: Rex Intl (SGX: 5WH)?
Discuss anything about share price, dividends, yield, ratios, fundamentals, technical analysis and if you would buy or sell this stock on the SGX Singapore markets. Do take note that the answers given by our members are just your opinions, so please do your own due diligence before making an investment
This post is no longer accepting new comments because it has been merged with (Stocks Discussion) SGX: Rex International Holding Ltd (SGX: 5WH)?
The company has two segments- one technology to measure potential oil well's reserves and secondly, an oil exploration segment which buys plots of underwater land which has an unproven reserves yet, it then uses its tech to locate for potnential oil and they drill hoping to discover oil. They then sell these oil and gas reserves stake to fiance the oil extraction.
Recently, its share price has risen because it struck gold where many of its oil wells were found to contain reserves and then they offloaded it by selling stakes to otehr companies. If you believe Rex owned oil wells still have a lot of undiscovered oil reserve potential, you can buy it. This company is more like buying a Toto ticket, discover oil then shareholders will huat
Write your thoughts