Hibiscus Petroleum Berhad

Is there a correlation between Hibiscus share price with Brent Oil?

Publish date: Thu, 14 Sep 2017, 08:47 PM
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Sharing insights-Malaysia's first listed independent oil & gas exploration and production company

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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