Hibiscus Petroleum Berhad
Is there a correlation between Hibiscus share price with Brent Oil?
Historically, Hibiscus share price closely tracks Brent Oil as seen below. Recently, Brent Oil is on rising while Hibiscus is basically flat
** This chart is from Hibiscus 4QFY17 Presentation.
Brent Oil continues to track north, approaching FY17 high at ~ US$57 (Current price is US$54.72). Expecting the divergence to close in the coming weeks ?
Disclaimer: For education purpose, not a recommendation to buy or sell.
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