Such a long report for Bumi Armada by CIMB.
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Bumi Armada is really one of the best there is for the oil and gas sector. We like it more than Sapura Energy due to its balance sheet. But of course, Sapura Energy would gain the most from the spillover from Petronas and likely most sensitive to oil price movements. Nevertheless, if you believe in oil this is a cheap counter to acquire at the moment.