Sheikh Tamim bin Hamad Al Thani was invited to the meeting last week by Saudi Arabia’s King Salman, potentially paving the way for major progress toward ending the 30-month feud between the emirate and several of its neighbors. I am only an investor trying to work my way out of the O&G mess in my portfolio. On O&G stocks, there seems to be some light at the end of the tunnel (hopefully it is not the headlight from an oncoming train) with the recent recovery in oil prices. In my opinion, even if oil price were to recover to higher levels, oil majors will be very cautious in raising spending budgets to previous levels after going through such a difficult period. Even though Alberta was a small producer, it was already the source of most Canadian production. Furthermore, SGX is a small market. After the stock market rout this month, it is time to take stock of the current portfolio allocation and articulate the game plan for the rest of the year.

Blending some of the oldest oil and gas artifacts in existence with current displays of how revolutionary the industry has become, we offer a valuable insight into the ever-changing oil and gas business. I have no business relationship with any company whose stock is mentioned in this article. Throughout the late 20th century, Aberdeen has led the charge and enjoyed the position of being the centre of Europe’s petroleum business. What caused the change in my valuation and position limits? On the other hand, the entry of MyRepublic in the fibre broadband market has caused prices to drop significantly. For general bargain hunting in the event of further market declines, approximately 10% of the war chest is allocated to it. A review of my portfolio shows there are 3 areas of stress, namely, a collection of oil & gas (O&G) stocks, a 15% concentration in Global Logistic Properties (GLP) and stocks in general.

On top of that, there is a need for a psychological cushion of about 15% to tide through the depth of any potential stock market crisis. Be sure to check with your financial advisor and the current market before selling any of your stocks. I have broken my valuation limits on buying & selling stocks and position limits on individual stocks! For banks, the main risks are China’s slowdown dragging down the global and regional economies which banks have exposure to and a glut in the local property market. The market structure of the natural gas industry has been marked by recent regulatory change. As for the local property market, it is quite clear that there is an oversupply in properties, a slowdown in the rental market due to the tightening of foreign labour and rising interest rates. However, it remains to be seen to what extent any problem might spread beyond high-end property in major cities such as Beijing and Shanghai to the social housing developments that underpin the bulk of Chinese construction. Nearby might be a grain silo, factory, farm, tannery – you name it, and/or housing. Lets assume you know where you want to buy this land, why you want to buy it, and how and when you will use it once you have it.

The owners of these “non-federal” mineral rights (they may be individuals, corporations, state or local governments, Indian tribes, or native corporations) have the legal right to explore for and extract their oil and gas resources. Due to the popularity of gas and oil items, they are being widely reproduced. Note: Engines fuelled wholly by natural gas using spark ignition are available as new builds by various manufacturers. When gas fuel pressures or reactor temperatures rise to potentially unsafe thresholds, for instance, an SIS will automatically close valves or initiate cooling processes to prevent health- or life-threatening accidents. With both mining and recycling production processes set in place the applications for aluminum usage have vastly increased due to its now reduced price. The Anthropocene definition, Earth’s most recent geologic time period as being human-influenced, or anthropogenic, based on overwhelming global evidence that atmospheric, geologic, hydrologic, biospheric and other earth system processes are now altered by humans.

Since I have never invested in telcos and enjoyed their handsome dividends and steady capital appreciation before, I prefer not to join them in the potential decline now. Having said the above, I have not fully discarded the valuation and position limits. Will breaking the valuation and position limits lead me to make mistakes that I cannot recover from? Although attractive, I will have to leave it to other people to make money from the banks. Its risks stem mainly from the external environments in which it operates, i.e. China and Brazil, which make up 63% of its total net asset value. In Jan this year, I had broken these rules with the purchase of M1 at 4.7 times book value and Singtel at 2.5 times book value! However, after I invested in M1 and Singtel beyond the initial position limits, it is confirmed that the position limits have been broken. Currently, banks and telcos have dropped to attractive levels.