Oil Price, page-22

I do not understand this discussion with oil price. Are you saying that the higher oil price is going to push SGC share price higher? In Jan 2021, SGC share price was over 8 cents and oil was around 50 bucks. During the aftermath of the Bangchak acquisition of June last year SJC moved to nearly 6 cents and oil was in the 70s. Oil is now over a 110 bucks (Brent or WTI) and yet the share price is at 2 plus cents. It appears to me that SGC share price is negatively correlated with oil price. Of course I meant that coincidentally since there is probably no longer term cointegration between the two. However, it is quite clear that SGC does NOT benefit from a zooming price of oil. And the reason is simple. Their portfolio of assets does not justify a higher valuation. Otherwise it would be worth 20 cents by now. Read the announcements at least three times over and you will see that they are playing a stock price game.