S-Oil Stock Lags Despite Oil Price Surge as June Shaheen Project Draws Focus

Hankyung reported that S-Oil’s share price failed to gain momentum even as oil prices surged. The report focused on the fact that the stock did not fully reflect a favorable energy-price backdrop. The key variable highlighted was the Shaheen project, scheduled for completion in June. Once the project is completed, the market may reassess S-Oil’s future earnings and possible changes in its business structure. The confirmed points in the report are the weak share price, the oil price surge, and attention on the June completion of the Shaheen project. Source: hankyung.com