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Overview
Financial Highlight
HeadlinesBusiness Background Hibiscus Petroleum Bhd along with its subsidiaries is engaged in exploration and development of oil and gas. It has operations in Middle East, Norway and Oceania regions.
  Gain83 Now hibiscus are very stable, just collect don't wait, price will keep moving up, no more below 70c 15/06/2021 2:11 PM DickyMe https://www.msn.com/en-my/money/markets/hydrogen-planes-electric-propulsion-and-new-regulations-aviation-is-changing/ar-AAL3Ar8?ocid=mailsignout&li=BBr8Hnu The end of fossil fuel is rapidly approaching. 15/06/2021 8:42 PM Jabami Brent crude at USD73.61 +0.75 +1.03% nice! 80 dollars incoming. First tp, to break 0.76c 15/06/2021 8:50 PM Godofgambler https://www.reuters.com/business/energy/oil-holds-near-multi-year-highs-amid-demand-recovery-2021-06-14/ 15/06/2021 9:17 PM bullmarket1628 Walaoeh, oil price continue to spike up like mad ! Brent now at $73.77 +0.91 +1.25% Huat ah, Heng ah, Ong ah ! 15/06/2021 9:37 PM kahhoeng Truth is, how on earth can there be an end to fossil when 95% vehicles produced burn fossil fuel??? 15/06/2021 9:42 PM kakiminyak Electricity generation in Malaysia uses large amounts of natural gas and diesel. Hibiscus new assets from Repsol deal involves crude oil and natural gas. Hibiscus is moving in the right direction. They are capable of supplying energy for both oil burning (conventional) engines as well as electric cars. There is nothing to worry about. 15/06/2021 10:08 PM kahhoeng dickeyme, you must be joking! Go and trace demand for crude oil for the past 50 years... Even if hydrogen fuel cell were to be a success, you would still need HYDROGEN, and where is it going to come from? Electrolysis using what electric energy? Or natural gas, CH4? 15/06/2021 11:24 PM Jabami End of fossil fuel? You asking M40 and B40 in malaysia who spend almost 5-7 years paying the loan then go for another new loan after that, because the technology is coming? go try it! 15/06/2021 11:25 PM keown83 just ride the wave while its still there, OK..no need to speculate what will happen in the future..so many people talked & predict doom for coal power plant, yet in these 21st century, coal power plant is still the mainstay of power generator for many countries of the world..so stop predicting something that still in the mist..green tech is still in a aggresive hype mode though its interesting & have future on it..but please becareful with it or better treat it like previous dot com bubble market..i do believe there will still a winners from among of those players on hype today in the end while others will suffered a great drop once the bubble burst..oil on the other hand have too many giant player with enormous influence of political power in their hand while green tech is only backed by tech junkies which did not have any influence or some sort of political power related globally 16/06/2021 12:42 AM keown83 @kahhoeng ignore him..he's just some troll..he made some noise in Serba Dinamik also..nothing constructive came out of him anyway, only trolling doomsday for stock 16/06/2021 12:56 AM bullmarket1628 Walaoeh, oil price continue to spike up to sky high ! Brent closed at $74.25 +1.39 +1.91.% Huat ah, Heng ah, Ong ah ! 16/06/2021 7:58 AM ojibala Technically crude oil is very bullish https://www.econotimes.com/FxWirePro-WTI-flashes-bullish-signs-monthly-close-above-200-SMA-to-open-upside-1610843 16/06/2021 9:16 AM bullmarket1628 Walaoeh, super damn hot man Hibiscs today ! Now Hibiscs already traded at 0.75 (+0.025) (+3.5 %) Huat ah, Heng ah, Ong ah ! 16/06/2021 10:12 AM Jojobaa Just want to point out that with Repsol assets, the production of Hibiscus will hit 10 million barrels a year. A USD1 increase in average sale price of its 10 million barrels, equals incrementally USD10 million EBITDA and PAT of approximately 6.2 million USD, equal to approximately RM25 million increase in profit. 16/06/2021 1:49 PM wallstreetrookie Unusual call option volume on WTI crude as well throughout the week. 100$ is imminent, according to latest intel 16/06/2021 2:40 PM wallstreetrookie Check out Ovintiv. One of my biggest US position. Hibiscus will follow since both are oil exploration. Hibiscus (KLSE: 5199) Remain OVERWEIGHT: Price target RM1.2 16/06/2021 2:41 PM wallstreetrookie Oil companies usually perform well near the end of the commodity bull run. 16/06/2021 2:43 PM johnnygoodnews U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are up nearly 2% late Tuesday as the markets tested more than two year highs, boosted by expectations demand will recover rapidly in the second half of 2021. Traders now await the release of the American Petroleum Institute’s (API) weekly inventories report at 20:30 GMT. Analysts polled by Reuters expect U.S. crude stocks to have fallen for a fourth week in a row, dropping by about 3 million barrels last week. The U.S. government will release its official supply data at 14:30 GMT on Wednesday. At 19:12 GMT, September WTI crude oil is trading $71.23, up $1.23 or +1.76% and September Brent crude oil is at $73.43, up $1.14 or +1.58%. Bullish Chatter Providing Support “With supply growth lagging demand growth in the near term, faster falling oil inventories are supporting oil prices,” UBS analyst Giovanni Staunovo said. The head of trading house Vitol sees oil prices moving between $70-$80 a barrel this year as the Organization of the Petroleum Exporting Countries and allied producers (OPEC+) are predicted to maintain supply discipline. “We have had those stock draws for a couple months, the market is heading in the right direction,” Russell Hardy told the FT Commodities Global Summit. Trafigura Chief Executive Jeremy Weir told the same event there was a good chance prices could reach $100 a barrel because of falling reserves before the world reaches peak oil demand. Finally, “The decision by OPEC+ to be overly cautious in returning supply to the market, whether this is true caution or they are intentionally stoking oil prices higher, has been a main tenant in seeing $73 per barrel Brent,” said Louise Dickson, oil markets analyst at Rystad Energy. Short-Term Outlook The gasoline inventory number will be the focus in today’s API report and tomorrow’s Energy Information Administration (EIA). Traders have been waiting since the start of the U.S. driving season on May 31 for a bullish number. Last week, the API reported a build in gasoline inventories of 2.405 million barrels for the week ending June 4 – on top of the previous week’s 2.51-million-barrel build. Analysts had expected a much smaller build of 698,000-barrel for the week. Additionally, according to EIA, the growth in fuel inventories indicates weak U.S. driving season fuel demand. Fuel stocks were up sharply, with product supplied falling to 17.7 million barrels per day versus 19.1 million the week before. Implied gasoline demand fell to 8.48 million bpd in the week to June 4, down from 9.15 million bpd from the week before, but up from 7.9 million bpd a year ago, EIA data showed. Crude oil prices could spike sharply higher late in the session on Tuesday if the API gasoline inventory numbers are bullish. 16/06/2021 2:45 PM johnnygoodnews Load b4 Hibiscus shoot up....Target price $1.2 if oil reach USD80+ 16/06/2021 3:11 PM kahhoeng sigh, with brent above 74 and I thought it's time hibiscus seeing 0.80... Guess it's only a dream 16/06/2021 3:50 PM ojibala Closed with a doji and relatively low volume. Operator not interested in selling. Higher soon? 16/06/2021 9:10 PM Godofgambler Tp1.50 is my vision. You know why? 1.50 is actually Hibiscus true share value.. 17/06/2021 8:42 AM johnnygoodnews NEW YORK: Oil prices rose for a fifth day on Wednesday, closing in on US$75 a barrel as U.S. refiners drew more crude inventories to ramp up activity and meet recovering demand. Crude inventories fell by 7.4 million barrels in the week to June 11, the U.S. Energy Information Administration said, as refining utilization rose to 92.6%, highest since January 2020, before the pandemic hit. The inventory draw was stronger than expected, driven as well by exports in another signal of improving demand worldwide. Brent crude gained 40 cents, or 0.5%, to hit US$74.39 a barrel, reaching its highest since April 2019, and running its gains to five straight days. U.S. crude rose 3 cents to $72.15, after reaching $72.99, highest since October 2018. "With refinery runs over 16 million barrels per day and exports continuing to be robust, it is going to be difficult for inventories to avoid consistent draws as we push on to the peak of summer driving season," said Matthew Smith, director of Commodity research at ClipperData. Brent has risen 44% this year, supported by supply cuts led by the Organization of the Petroleum Exporting Countries and allies, known as OPEC+, and the recovery in demand. OPEC+ has reduced last year's historic supply cuts, but it is still withholding millions of barrels of daily supply from the market. Executives from major oil traders said on Tuesday they expected prices to remain above $70 and demand to return to pre-pandemic levels in the second half of 2022. On Wednesday, the U.S. Federal Reserve also brought forward its projections for the first post-pandemic interest rate hikes into 2023. "The oil complex digested the Fed news quite well in suggesting that some more crude price highs likely lie ahead," said Jim Ritterbusch, president of Ritterbusch and Associates in Galena, Illinois. At the same time, the prospect of an imminent rise in Iranian oil exports looks less likely, analysts said. Indirect talks between Tehran and Washington on resuming the 2015 nuclear accord resumed in Vienna on Saturday. 17/06/2021 9:54 AM ojibala IHO no push before it can break and close above 0.75. It is sitting at resistance level (descending trendline, coincide with 50% fib) How u arrive at 1.5/1.9 TP? @Godofgambler 17/06/2021 10:21 AM johnnygoodnews Dow Jones big drops... My Flower Hibiscus can stand at 73 is good sign....buy before she sail to 80 17/06/2021 11:32 AM Gain83 Nothing to worry, just look at oil prices above 70, hibiscus will be very safe, just need to wait profit coming 17/06/2021 1:09 PM Jojobaa David Tepper Says Oil Stocks Are Cheapest Because People Hate Them Billionaire David Tepper says he’s an oil stock bull right now. Tepper, who was participating in the Robin Hood Investors Conference Wednesday, said with interest rates this low, equities are the place to be -- particularly FAANG stocks, according to people who heard his comments. The interview was pre-recorded for the event, which was held virtually this year. Oil stocks are the cheapest equities by every measure because people hate them, said Tepper, who runs hedge fund Appaloosa. Tepper said he’s long many of them. Tepper mentioned driller Occidental Petroleum Corp. as being incredibly cheap, with the potential to climb to $45 or $50 a share from its current price of about $29. He added the day Exxon Mobil Corp. added activist investors to its board was the time to buy oil stocks -- because it signaled drilling will eventually decrease over time, and with it supply. 17/06/2021 2:48 PM dianatrader Yes. The potential is still there Posted by Godofgambler > Jun 17, 2021 8:42 AM | Report Abuse Tp1.50 is my vision. You know why? 1.50 is actually Hibiscus true share value.. Godofgambler 3950 posts Posted by Godofgambler > Jun 17, 2021 8: 17/06/2021 3:04 PM ojibala @Jojobaa Interesting. It's now $30.5 with high volume last night. If you put HIBISCS and OXY charts side by side, they show high correlation! 17/06/2021 4:01 PM yumchar Hibiscus is our country's national flower, the pride of Malaysia, I love the way they consistently pump liquid cash from the ground. 17/06/2021 4:50 PM nuke 50-50 chance of oil continuing its climb or reverting to a fall. Most global economies are still struggling. 18/06/2021 3:44 PM  | | ||||||||||||||||||||||||||||||||||||||||||||||||
