GM68As said before, oil price for brent is stabal between 50 and 52 USD no matter how many rigs are added, or price pushed down buy speculators, the oil price is stable, since 20 days now. a 50 or 52 USD per barrel for brent is a good price for all, Hibiscus avrage cost per barrel is only 13 USD. Hibiscus oil production did not stop and continue rizing comparing to previous month. Average of 275000 barrel of oil is produced per quarter.. If oil price fall a bit, the production can be increased to compensate, however this is realy not necessary, cause oil producer can alwayse find a way to reduce their cost.. Oil company do make money and Hibiscus is a perfect example..check his reports. hibiscus main income is from production of oil since early 2016, unlike previous years when Hibiscus was maily bussy with oil exploration and drilling, hibiscus asset value is constantly increasing according to his latest QR report.. teh share price today is very attractive, Hibiscus is dept free and have cash, already paid 25 milion USD for his aquisition of 4 oil filed in malayisa and waiting final endorsment from Petronas....
GM68Hibiscus 0.395 of yesterday was at the last minute of the day trading, and it was one time show, lucky to those who grab it.. when teh share price fall without any news, then it is a good time to collect.
GM68oil price 50 USD Hibiscus share should be 0.50 RM
YipipangGM68 ytd manage to gon in some at 0.395. my average price now is 0.42.. lower than kakashi already.. haha
shahbjBuy..buy...buy..come on hibi..lets start the ride now
martin1629Yo this doesnt look great. btw does transacted mean buy or sell?
CoinsYesterday the guys bought large volume at 0.395 and sell at 0.4 this morning Do u think that was the same person? If that was the same person, I think he grab few thousand already within 24hrs How u guys think?
kakashiMy sell strategy is when oil break below 50. I'm still holding. The true support is actually 0.395 for hibiscus. U can see the chart. The support is tested severely this time. Nonetheless.. not overly concern. I didn't check hibiscus share price very often. Only 1 to 2x in a day. Cos I'm now at Europe n not convenient. That's how much confident i have in hibiscus
Lim Motor R StationWhatever bro, thanks to the investors who've selling in 0.395 & 0.400, so that everyone can buy cheapest and balance the average.
BabyTAthe 6 months extension is useless, opec extend other countries increase also end up same shit
YipipangCrude prices rebounded in Asia on Tuesday with industry data on inventories ahead expected to set the near-term tone.
On the New York Mercantile Exchange crude futures for May delivery rose 0.25% to $47.85 a barrel. On London's Intercontinental Exchange, Brent lost 8 cents to trade at $50.84 a barrel.
Ahead, the American Petroleum Institute will release its estimates of crude oil and refined product stockpiles at the end of last week, followed by official data from the U.S. Department of Energy on Wednesday. A 1.183 million barrels build in crude is seen with a 1.106 million barrels fall in distillates and a 1.933 million drop in gasoline stocks.
Overnight, crude settled lower on Monday, as investors questioned whether an OPEC-led production cut would be extended beyond June amid worries over a glut in supply.
Oil prices fell to November lows during the U.S. session, as concerns over a glut in U.S. inventories, continued to weigh on sentiment, despite an agreement from a join committee of ministers from OPEC and non-OPEC oil producers to review whether the current OPEC-led deal to cut production should be extended for an additional six-months.
Investors focused on a significant change in tone from the joint committee, as an earlier draft of the statement had said the committee “reports high level of conformity and recommends a six-month extension” but the final version omitted the recommendation, and called for “a technical group and the OPEC Secretariat to review oil market condition and revert … in April 2017.”