Fracking is what makes US an oil and gas exporting nation from land exploration in the next 2 decades . Kpely is mainly building rigs for deep sea drilling where fracking is not involved, unless Kpely is expanding into markets for land rigs.
I ended up buying 200 shares last week on what I think of as the fiscal cliff-smoke and mirrors- dead cat bounce. My thinking about fracking was, longer term if its a cheaper and perhaps environmentally less dangerous alternative to deep sea exploration, could the entire marine rig industry take a hit as exploration moves away from off shore opportunities?
I'm not sure if you are interested in Singapore more generally. But its curious to me that some very solid performers like KPELY, DBS and UOVEY to name a few (of the few) don't seem to garner much interest here on Yahoo.