Koon Yew Yin's Blog
Hibiscus has tripled oil production - Koon Yew Yin
Koon Yew Yin
Publish date: Fri, 29 Jul 2022, 11:57 AM
Koon Yew Yin
0 1,442
An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.
All materials published here are prepared by Mr. Koon Yew Yin
All materials published here are prepared by Mr. Koon Yew Yin
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.
Repsol S.A. is a Spanish multinational energy and petrochemical company based in Madrid. It is engaged in worldwide upstream and downstream activities.
The company announced on 1st June 2021 that it has agreed to sell its operated assets in Malaysia and in Block 46 CN in Vietnam to Hibiscus Petroleum.
Hibiscus Petroleum Bhd said on Tuesday (Jan 25) that its indirect wholly-owned subsidiary Peninsula Hibiscus Sdn Bhd had successfully completed the acquisition of the entire equity interest in Fortuna International Petroleum Corporation (FIPC) from Repsol.
Hibiscus Petroleum noted in a statement that out of the purchase price of US$212.50 million (about RM890.06 million), the net amount paid at completion was US$123.65 million after taking into account various adjustments, including the deposit paid of US$15 million.
The company also made the following announcements:
Hibiscus expects threefold increase in o&g output due to Repsol deal (Repsol Exploración, S.A)
Repsol Asset Acquisition: Completed the trans formative acquisition on 24 January 2022. Assets are expected to almost triple the Group’s net daily oil, gas and condensate production.
New Group Vision and Mission: Aim to achieve target production of 35,000-50,000 boe/day.
Hibiscus Petroleum has good profit growth prospect and undervalued based on 2 factors:
1 Acquisition of Rapsol assets in Malaysia and in Block 46 CN in Vietnam to Hibiscus Petroleum.
2 Due to the Ukraine-Russia conflict, oil and gas prices are surging up higher and higher as shown on the chart below.
Hisbiscus reported EPS 15.32 sen for the quarter ending March and EPS 2.42 for its previous quarter ending December 2021. Its next quarter ending June should be much better because of its new acquisition of Rapsol’s assets and the increased oil production due to the Ukraine war. When the company announces its result before the end of August its share price should shoot through the roof.
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Discussions
1 person likes this. Showing 18 of 18 comments
Nowadays even you caught Covid you do not lose the sense of smell. You can smell something fishy from mile away.
2022-07-30 08:02
When Uncle This wrote, it’s to SELL. Thank you Uncle. My indicator is when This Uncle write about a particular stock, it’s time to SELL.
2022-07-30 11:17
depend what time you buy and what price?right now market situation and sentiment more better,I bought abit 83cts to 89.5cts.
2022-07-30 11:46
When Uncle This wrote, it’s to SELL. Thank you Uncle. My indicator is when This Uncle write about a particular stock, it’s time to SELL.
Don’t believe. Now 29July2022 hibiscus = Rm0.895. Wait and see Koon involvement in Hibiscus lah. Only then you believe. Come back in a month time.
2022-07-30 12:11
kyy, how do you think samudera shipping singapore listing company?half year eps 44cts for 2022, 2021 full year eps 32.98cts,I received final and special dividend 13.5cts for 2021 in may 2022.now 7cts interim dividend 2022,ex 10 august,pay 18 august.why pe only 1.27 so low?
2022-07-30 14:53
How convenient to leave out the dispute between Hibiscus and Sabah gov over arrears due!
2022-07-31 17:37
That means Musang Tua is having heavy position in Bunga Raya. Heavily promoting. Maybe he will conduct a seminar. Same old fox.
2022-07-31 20:46
Good heart person will win big in the stock market.
Bad heart person will not win in the stock market.
Hibiscs is also a down trending stock.
No reason to condemn Hengyuan and tell others to sell Hengyuan.
Twist the facts to suit him.
Hengyuan will make more money than Hibiscs.
2022-07-31 21:27
you think he so kind to give tips. he is giving a target for IB to shoot him down? use your head and think.
2022-08-01 08:54
do you think he so kind give tips for free? he is giving tips and give IB to target?
2022-08-01 08:55
Nowadays even you caught Covid you do not lose the sense of smell. You can smell something fishy from mile away. > new strain https://mapquestdirectionss.com
2022-08-15 11:02
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2022-09-23 15:35
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Tobby
Can you smell the turd coming out from Grandpa Koon! Yeah! The same shitty heavy promotion from him! And sooner or later you get this 'hopeless' article from him!
2022-07-29 23:17