Who’s Next In Line To Fall After Swiber Holdings Limited?

Recently, Swiber Property Restricted (SGX: BGK) astounded the business sector by winding its business up. 

The organization's choice to basically murder its own business brings up a fascinating issue that numerous financial specialists likely would need answers to: Which oil and gas organization might be by fall? 

It's difficult to say. All things considered, Swiber's choice got numerous off guard, included. But on the other hand it's important that shareholders of an organization can get hurt severely regardless of the possibility that it doesn't go bankrupt or needs to twist itself down. In this way, it's still worth considering the organizations with extremely unsteady funds. 

I chose to run a screen on the oil and gas stocks in Singapore to discover stocks that meet the accompanying two criteria: 

1) A net-obligation to value proportion of more than 100% (where net-obligation alludes to aggregate obligation less money and fleeting speculations) 

2) A negative working income throughout the most recent 12 months. 

Organizations that appear in my screen would be those that have a truly feeble asset report and additionally a powerlessness to create money. In a testing business environment (which is putting it mildly for the circumstance that oil and gas organizations are ending up in), these two qualities can be a truly lethal blend. 

I can't tell for beyond any doubt what number of oil and gas stocks there are in Singapore's securities exchange at this moment, however I do know there were 54 of them as of November 2014. In this way, these 54 will constitute my universe of Singapore's oil and gas stocks. Here are the characters of the organizations out of the gathering of 54 that have both the qualities I indicated before: 

Cosco Partnership (Singapore) Restricted (SGX: F83) 

KS Vitality Administrations Constrained (SGX: 578) 

Ezra Property Restricted (SGX: 5DN) 

AusGroup Ltd (SGX: 5GJ) 

Pacific Brilliance Ltd (SGX: T8V) 

Nam Cheong Ltd (SGX: N4E) 

You can see their funds in the table underneath: 

Oil and gas stocks obligation and income table 

Source: S&P Worldwide Business sector Insight 

Presently, the six shares said above are not ensured to be poor ventures going ahead. Nor are their organizations unquestionably setting out toward inconvenience. In any case, their feeble funds puts their organizations at incredible danger in the present environment – and that is something for financial specialists to remember.

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