oil shares

 
 

Dollar and oil pause ascent, bonds and gold lick wounds

LONDON, May 18 ― World markets began to strain today after a rollercoaster week that has seen oil break US$80 (RM317) a barrel, Italian politics rattle the euro zone again and emerging markets battered by a pumped-up dollar and rising borrowing…


Airlines, oil shares lead as US stocks resume upward climb

NEW YORK, Jan 11 — Shares of airlines and energy companies were among the early winners today as US stocks resumed their upward climb after the pullback in the prior session. About 30 minutes into trading, all three major indexes had gained…


Forget hurricanes, Brexit and Kim’s missiles: Earnings are fine

LONDON, Oct 20 — Companies around the world faced hurricanes, the UK’s messy divorce from the European Union and ominous missile tests by North Korea in the third quarter. As investors await earnings reports over the coming weeks, the…


Wall Street opens lower on geopolitical jitters

NEW YORK, June 6 — Wall Street opened lower today, as geopolitical worries from Washington to the Middle East continued to curb some investor enthusiasm. About 10 minutes into the day’s trading, the Dow Jones Industrial Average had given up…


Asian stocks set to rise on U.S. cues; oil higher

Asian stocks set to rise on U.S

HONG KONG (May 16): Asian stocks are set to rise in opening trade on Tuesday following overnight gains on Wall Street, while oil is set…


Dow falls due to weakness in IBM, oil shares

NEW YORK, April 20 — The Dow slid yesterday following disappointing IBM earnings and a pullback in petroleum-linked shares due to a steep drop in oil prices. IBM slumped 4.9 per cent as it reported a 13 per cent drop in first-quarter profit to…


Borneo Oil acquires seven plots of quarry land in Lahad Datu

Borneo Oil acquires seven plots of quarry land in Lahad Datu
This article first appeared in The Edge Financial Daily, on January 27, 2017.

 

KUALA LUMPUR: Borneo Oil Bhd is acquiring seven plots of quarry land in Lahad Datu, Sabah as part of its expansion plan into limestone mining.

The company said the purchase will allow it to engage in marble block extraction for the export of limestone.

“With the acquisitions, the company together with its existing land bank of limestone reserves held for long-term investment shall become a substantial player in the supply of high-grade limestone resources,” it said.

Categories:


Borneo Oil acquires quarry land in Lahad Datu, Sabah

Borneo Oil acquires quarry land in Lahad Datu, Sabah

KUALA LUMPUR (Jan 26): Borneo Oil Bhd is acquiring seven plots of quarry land in Lahad Datu, Sabah as part of its expansion plan into limestone mining.

The company said the purchase will allow it to engage in marble block extraction for the export of limestone.

“With the acquisitions, the company together with its existing land bank of limestone reserves held for long-term investment shall become a substantial player in the supply of high-grade limestone resources,” it said.

Categories:


Borneo Oil seeks to acquire firm with mining rights in Pahang

Borneo Oil seeks to acquire firm with mining rights in Pahang

KUALA LUMPUR (Jan 25): Borneo Oil Bhd plans to acquire a 95% stake in mining company Jusra Mining Merapoh Sdn Bhd for RM5 million cash.

In a filing with Bursa Malaysia today, Borneo Oil said its wholly-owned subsidiary Borneo Oil & Gas Corp Sdn Bhd has entered into a term sheet to acquire 304,000 shares or a 95% stake in Jusra.

It intends to fund the acquisition through the proceeds from a rights issue exercise and internal funds.

Categories:


Borneo Oil’s 3Q net profit up three-fold at RM21.6 mil

Borneo Oil's 3Q net profit up three-fold at RM21.6 mil

KUALA LUMPUR (Dec 28): Borneo Oil Bhd’s net profit for its third quarter ended Oct 31, 2016 (3QFY16) rose three-fold to RM21.6 million, from RM5.26 million a year ago, due to a revaluation gain of RM35 million in its investment properties.

The company’s revenue rose to RM950.44 million during the quarter, from RM23.96 million the previous year (3QFY15).

Categories:

Source: The Edge Markets