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Last Price Today's Change   Day's Range   Trading Volume
0.645   +0.025 (4.03%)  0.625 - 0.655  119,988,100
91,121 comment(s). Last comment by DJThong at Dec 5, 2020 8:07 PM
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NPRA1985
2548 posts

Posted by NPRA1985 > Sep 19, 2020 5:15 PM | Report Abuse

hello which is best oil counter. armada, sapura, knm, hibiscus or velesto?


miniminer
353 posts

Posted by miniminer > Sep 19, 2020 6:03 PM | Report Abuse

USD vs MYR 3.11


megat36
107 posts

Posted by megat36 > Sep 19, 2020 7:07 PM | Report Abuse

from ur list, hibi the best....sapng,knm,velesto to heavy to move..


oasischeah
1261 posts

Posted by oasischeah > Sep 19, 2020 8:55 PM | Report Abuse

IMO - the fastest moving O&G is Carimin


linheng
494 posts

Posted by linheng > Sep 20, 2020 10:24 AM | Report Abuse

Was looking through price of various Oil & Gas counters on 9th June 2020 when there was heavy trading in oil & Gas counters on Bursa Malaysia. Brent Crude on 9th June 2020 was USD$40.45. Hibiscus was $0.625; Sapura Energy $0.11, Perdana Petroleum $0.20 and Velesto is $0.18. Brent crude had basically stay above USD$40 from June 2020 to Sept 2020. Considering that Hibiscus is a direct beneficiary of higher or even stable oil price while the other counters depend on related Oil & Gas activity, I feel Hibiscus shd easily move back to the $0.60+ range


linheng
494 posts

Posted by linheng > Sep 20, 2020 10:31 AM | Report Abuse

Hibiscus looks like going to buy Exxon or Petrofac oilfields in Malaysia. Look like have to move fast in order to secure funding.
Both Exxon and Petrofac have confirm exiting Malaysian Oil fields


linheng
494 posts

Posted by linheng > Sep 20, 2020 10:33 AM | Report Abuse

https://www.amequities.com.my/documents/20126/0/Oil+%26+Gas+Sector+200918.pdf/2bc55708-0a5f-59e3-9913-7e1b07d21e73?t=1600390563640
Overweight oil call by AmInvest.
Oil asset for sale in Malaysia is by Exxon and Petrofac


Smarttrade
45 posts

Posted by Smarttrade > Sep 20, 2020 1:08 PM | Report Abuse

According to the oil market today. you can buy a very good high level producing asset in Malaysia or elsewhere for RM2billion (US$500M) !! taking the example from Anasuria or Sabah, the Oil reserve price (underground) was about US$0.50c per barrel.

So I guess if Hibiscus is spending half of that money to buy 3 New fields, the combined Oil 2P reserve should be about US$250,000,000/0.5= 500Milion Barrels at least, so if you want to produce these Oil let say in 40 Years, your daily production of these 3 assets should be at least 500,000,000 / (40x365x0.9) = 38,000 barrels a day !! if this is true, Hibiscus is not only doubling his daily production, he is multiplying it by 4x this is comparing to current average daily production is about 9500 barrels. It is important to know how much oil reserve Hibiscus is going to buy and what is the expected oil reserve price he is paying for in order to confirm the above. If anyone know more details on Exxon or Petrofac high value producing assets that are sale please share.


Smarttrade
45 posts

Posted by Smarttrade > Sep 20, 2020 1:12 PM | Report Abuse

if my assumption are correct, Hibiscus mother share should touch at least RM2 with warrant WC at RM0.6 as minimum as long as the Brent oil price is above US$45.


twynstar
68 posts

Posted by twynstar > Sep 20, 2020 2:28 PM | Report Abuse

SEAM Alert: Petrofac considers sale of Malaysian assets, including a stake in Block PM-304

https://connect.ihsmarkit.com/upstream-insight/article/heroldReports/136205/seam-alert-petrofac-considers-sale-of-malaysian-assets-including-a-stake-in-block-pm-304




SEAM Alert: Repsol weighing sale of Malaysian assets

https://connect.ihsmarkit.com/upstream-insight/article/heroldReports/136390/seam-alert-repsol-weighing-sale-of-malaysian-assets





Exxon Mobil Weighs Sale of Malaysian Offshore Assets

https://www.bloomberg.com/news/articles/2019-10-09/exxon-mobil-is-said-to-weigh-sale-of-malaysian-offshore-assets


twynstar
68 posts

Posted by twynstar > Sep 20, 2020 2:40 PM | Report Abuse

SEAM Alert: Petrofac considers sale of Malaysian assets, including a stake in Block PM-304

https://connect.ihsmarkit.com/upstream-insight/article/heroldReports/136205/seam-alert-petrofac-considers-sale-of-malaysian-assets-including-a-stake-in-block-pm-304




SEAM Alert: Repsol weighing sale of Malaysian assets

https://connect.ihsmarkit.com/upstream-insight/article/heroldReports/136390/seam-alert-repsol-weighing-sale-of-malaysian-assets





Exxon Mobil Weighs Sale of Malaysian Offshore Assets

https://www.bloomberg.com/news/articles/2019-10-09/exxon-mobil-is-said-to-weigh-sale-of-malaysian-offshore-assets


Godofgambler
2718 posts

Posted by Godofgambler > Sep 20, 2020 7:29 PM | Report Abuse

Look like hibis going to become taiko soon
Tp1.50


Freemoney3
27 posts

Posted by Freemoney3 > Sep 20, 2020 11:07 PM | Report Abuse

Overvalued


DragonG
80 posts

Posted by DragonG > Sep 21, 2020 11:21 AM | Report Abuse

@Smarttrade

Can you share the Oil market report?


amircesc4
231 posts

Posted by amircesc4 > Sep 21, 2020 12:11 PM | Report Abuse

@smarttrade SeaH production circa 20kbd. Exxon 35kbd. Petrofac 10kbd.


lhakim
44 posts

Posted by lhakim > Sep 21, 2020 2:27 PM | Report Abuse

Petrofac always looking for someone to take over his asset and have letgo 1-2 platform in last 3 years. Meanwhile Exxon West Malaysia asset contract will be end by next year and they already inform Petronas the did not want to continue the contract. Thus Petronas will look for another operator to take over the field. Bear in mind all field belong to Petronas. Exxon, Petrofac is only an operator. For past 5 years Exxon has handover few small field to Petronas & was handover by Petronas to few company such as EPOMS & Vestigo. It will be interesting if Exxon, Petrofac & Repsol PM3 field will be take over by Hibiscus because they literally did not need to pay anything for a field that has became 'free agent'. Probably the only money they need to spend is on rehabilitating the platform for major maintainance & invest some money to drill a new well to enhance oil production.


linheng
494 posts

Posted by linheng > Sep 21, 2020 2:31 PM | Report Abuse

I suppose with low capital expenditure and immediate production, you can't be wrong unless oil price drop sharply


micsoh
886 posts

Posted by micsoh > Sep 21, 2020 4:20 PM | Report Abuse

Nowadays oil price too crazy, suddenly up and suddenly down.your heart must be strong if play oil futures.


budakbaik
112 posts

Posted by budakbaik > Sep 21, 2020 4:34 PM | Report Abuse

no up la... always down n down especially after petronas declare lost... who bierani can collect more n more O&G now... become kaya raya once covid setel. .. but ... dont know la when... huhu


hendrycheah
299 posts

Posted by hendrycheah > Sep 21, 2020 5:09 PM | Report Abuse

Sesiapa simpan hibi ticket sampai 2022 akan menang besar


budakbaik
112 posts

Posted by budakbaik > Sep 21, 2020 5:33 PM | Report Abuse

how do u know bro year 2022... u orang minyak ni... only org minyak know why 2022... hehehe... good luck bro...


Loh Kok Wai W
979 posts

Posted by Loh Kok Wai W > Sep 21, 2020 7:51 PM | Report Abuse

hibiscs....die biscs


miniminer
353 posts

Posted by miniminer > Sep 21, 2020 10:36 PM | Report Abuse

Hidup bunga Raya .... hehehe.........


donaldchong1991
47 posts

Posted by donaldchong1991 > Sep 21, 2020 10:47 PM | Report Abuse

Hibiscus is doomed


Harbinger88
17 posts

Posted by Harbinger88 > Sep 21, 2020 10:50 PM | Report Abuse

Oil price GG. Runnnnnnnn


Moneymore
280 posts

Posted by Moneymore > Sep 22, 2020 12:49 AM | Report Abuse

Hibiscus fly soon


Winner128
208 posts

Posted by Winner128 > Sep 22, 2020 12:19 PM | Report Abuse

Fast drop more then for me to collect it......
Don't say only but just drop a bit only......


hendrycheah
299 posts

Posted by hendrycheah > Sep 22, 2020 4:59 PM | Report Abuse

@winner128, sama-sama, please drop below 50c, I will start collecting again .. currently average price at 589


lee_m2020
3135 posts

Posted by lee_m2020 > Sep 22, 2020 6:23 PM | Report Abuse

petronas must in good position first.. for sub companies to move up...


paktua73
12424 posts

Posted by paktua73 > Sep 23, 2020 4:42 AM |

Post removed. Why?


linheng
494 posts

Posted by linheng > Sep 23, 2020 5:03 AM | Report Abuse

https://oilprice.com/Energy/Crude-Oil/The-Worlds-Most-Expensive-Crudes-Get-Expensive-Again.html
Historically, one would seek for the world’s most expensive crudes in Malaysia. There, grades like Tapis, Kimanis and Kikeh would be generally at least 4-5 USD per barrel above Brent, largely due to their superior refining characteristics. In fact, a little less than 3 years ago I’ve written an article here stating that Tapis was the most expensive crude globally due to its extremely low Sulphur content and the specificities of the Southeast Asian crude market. Today Malaysian differentials have given away the garland of superiority to Australia’s heavy sweet crudes, such as Vincent or Van Gogh – oddly enough, premia as high as +31 USD per barrel to Dated Brent are a direct consequence not of the crudes’ refining value but rather their blending utility.


DickyMe
7232 posts

Posted by DickyMe > Sep 23, 2020 10:13 AM | Report Abuse

Onboard @0.52 sen. Voyage begins in 60 days.


KAQ4468
20443 posts

Posted by KAQ4468 > Sep 23, 2020 10:14 AM | Report Abuse

cantekkkkk Ah Dick


KAQ4468
20443 posts

Posted by KAQ4468 > Sep 23, 2020 10:15 AM | Report Abuse

confirm terbang pergi bulan punya


tkl88
8162 posts

Posted by tkl88 > Sep 23, 2020 1:06 PM | Report Abuse

Latest news: Anwar Ibrahim confirm he has strong convincing formidable number to take back ruling party...


tkl88
8162 posts

Posted by tkl88 > Sep 23, 2020 1:08 PM | Report Abuse

Possible of annoucement of General Election @2.30pm ...


micsoh
886 posts

Posted by micsoh > Sep 23, 2020 7:27 PM | Report Abuse

Approved so fast


DickyMe
7232 posts

Posted by DickyMe > Sep 23, 2020 7:45 PM | Report Abuse

Ok, 1 day down, 59 days more.


Newbn00b
247 posts

Posted by Newbn00b > Sep 24, 2020 7:18 AM | Report Abuse

Anyone can tell how much Hibiscus going to lost in coming QR report if the oil price is 38 to 42 Usd? How much impairment losses is needed?


DickyMe
7232 posts

Posted by DickyMe > Sep 24, 2020 10:11 AM | Report Abuse

Don't worry about that. Buy n keep like FD.


pea3034
255 posts

Posted by pea3034 > Sep 24, 2020 10:26 AM | Report Abuse

tkl 888 jANGAN JADI TUKANG TELEK IA


John_Legend
12 posts

Posted by John_Legend > Sep 24, 2020 3:24 PM | Report Abuse

No need to suffer too much, let me put it in simplest term.
speculating/short term = cut,
fundanmental/long term player = buy/hold


donaldchong1991
47 posts

Posted by donaldchong1991 > Sep 24, 2020 5:54 PM | Report Abuse

Hibiscus will be around 0.580-0.600 if oil price hover around 41-44 usd per barrel since cost of production is around 18usd


Secret
850 posts

Posted by Secret > Sep 24, 2020 9:11 PM | Report Abuse

Anyone here same staying WC at 0.15 above? need to Cut loss?


twynstar
68 posts

Posted by twynstar > Sep 25, 2020 12:31 AM | Report Abuse

For 4Q20, OPEX of North Sabah is USD 10.27 and Anasuria is USD 14.29. For Unit Production Cost (UPC) , average UPC for North Sabah = USD 15, average UPC for Anasuria = USD 18.50.

The North Sabah segment recorded revenue and gross profit of RM36.7 million and RM16.0 million respectively. Gross profit margin achieved 43.6% with average realised oil price of USD31.79 per bbl. Anasuria has no offtake of oil for 4Q20. For FY2021, Hibiscus plans to sell 8 offtakes from North Sabah, and 4 offtakes from Anasuria.

Base on
1)North Sabah able to achieve gross profit margin of 43.6% with average realised oil price of USD31.79 per bbl,
2) North Sabah crude oil is very good quality and it can be sold USD 4 to 5 more expensive than Brent market price,
3)In April 2020, Hibiscus signed a deed of supply and collaboration with Trafigura. Hibiscus has locked in future sales of 750,000 bbls at an average price of USD 35/bbl at North Sabah.

I think it is safe to say that Hibiscus will make profit if Brent price more than USD 35.



For risk of future impairment loss, Hibiscus has 4 important assets which are North Sabah, Anasuria, Marigold and Australia. North Sabah and Anasuria still can make profit with low Brent price. So less likely impairment loss. In October 2018, Hibiscus bought 50% of Marigold with USD 37.5 million. Marigold is a very good value oil field and still under development phase. Hibiscus might spend extra USD 100 - 150 million by 2022 to develop Marigold. Marigold will produce first oil by 2023.

Australia assets wont produce profit with current low Brent price. So Hibiscus wrote off almost RM 200 million impairment loss for Australia assets. In “ corporate insight” presentation organized by CGS CIMB, Dr Kenneth mentioned that there will be no future impairment loss after Australia


https://www.facebook.com/watch/live/?v=737872883441014&ref=watch_permalink


AllYouCanBuy
536 posts

Posted by AllYouCanBuy > Sep 25, 2020 8:13 AM | Report Abuse

Doesn't matter the drop, keep collecting if you have extra money and holding power. Oil counters will have their time in 2022. What you see in glove counters in 2020 will be what happens to O & G counters in 2022.

You just have to wait for your turn.


AllYouCanBuy
536 posts

Posted by AllYouCanBuy > Sep 25, 2020 8:21 AM | Report Abuse

Oil price will be up, just a matter of time. Otherwise the global economy will be doomed and whatever counters you invest in will see losses.
If you are skeptical about it, waste no time procrastinating and move on to other counters.

See you at RM1.50 in 2022. RM1.50 is a predictable practical price minus the goreng momentum. Figure it out yourself and enjoy investing!


AllYouCanBuy
536 posts

Posted by AllYouCanBuy > Sep 25, 2020 8:23 AM | Report Abuse

In 2023, chances are Hibi will visit RM2. 50.


linheng
494 posts

Posted by linheng > Sep 25, 2020 8:31 AM | Report Abuse

I cut lost all my Velesto and move the money to pick up this counter


AllYouCanBuy
536 posts

Posted by AllYouCanBuy > Sep 25, 2020 9:01 AM | Report Abuse

@linheng Welcome on board! :)

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