Many ppl always ask : If there is 97/98 crash again I will definitely sailang all the bank stock. If I am here to tell you there is a sector under O&G called "Drilling & Oil Rigs" also experience the kind of big crash like 97/98, are you ready to sailang?

Let look at the stocks that belong to ths sector

1. UMWOG..Down from 5 to 0.27

2.Transocean ...Down from 130+ to 6+

3. Seadrill...Down from 50 to 0.26+

4. Diamond Offshore...Down from 150 to 10+

5. Ensco...Down from 85 to 4+

6. Precision Drilling...Down from 43 to 2+

7 Parker Drilling ...Down from 36+ to 1+

So when you compare local UMWOG with all the US giants oil rigs companies the down fall is normal...all with share price collapse more than 95% from the peak. This is what we call 97/98 crash!

If you still think that crude oil prices will collapse to 10 then you are indirectly telling me that all the oil rigs companies will "kaput" from the earth. It means to say that no company offers oil drilling services any more then you and me may have to use " shovel to dig hole for oil. This is doesn't make sense at all!

Therefore, we get a strong & clear message " The Worst Is Over For The Oil Rigs Company"  and I am here to show you the proof the sector is making a turnaround...See from the following chart