Oil and gas.....

Well, oil and gas run has surely begin since early of this month...how long will this continue?...with oil price hovering at about USD75+ per barrel... it's no wonder people are rushing in the grab a piece of the pie...

well, not all O&G counters are 'worth buying in now...some are too pricey for it's future earning...

only a few is good to even consider... the one i would like to focus on is KNM.

Being award the Pahang biodiesel plant project(~125mil) and the previous few projects by it's subsidiaries (~250mil) is going to start contributing to it's Dec 2007 statement of financial position positively...

Well, that's not all cause there's going to be more projects to be unveil in the new future...

Chart wise, it's testing the support band of $4.80-$4.90... fundamentally, the business model is solid and the state of it's corporate governance is relatively excellent... so watch out....9 months tp is $6.30