Even tho Ezra is not mentioned, a higher oil price trajectory will definitely lift Ezra's ship!
DBS : "Depressed valuations in oil/gas sector throw up trading opportunities. Oil prices are near the bottom and the risk is on the upside as we approach a seasonally stronger quarter on winter demand, while OPEC’s meeting on Dec 4 is the wild card.
"Valuations of oil and gas stocks are near their GFC lows. Among the small caps, we prefer companies which have lower refinancing risks and are better positioned to survive this downturn - Ezion and Pacific Radiance. Sembcorp Indu Sembcorp Indu Sembcorp Industries is attractively priced, near its GFC trough valuation, its steady utility business should mitigate weakness from the marine sector."
