The company made the following announcements:
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.
Hibiscus expects threefold increase in O&G output due to Repsol deal (Repsol Exploración, S.A)
If the company can triple its oil & gas production why is its share price dropping continuously? It has been dropping in the last 3 months as shown on the chart below.
If Hibiscus can triple its oil & gas production, its share price should be shooting up. If it is really so good, why is it dropping continuously?
I believe its price chart which cannot lie. That Is why I sold all my Hibiscus shares and cut loss.
People often lose money in the markets because they don't understand economic and investment market cycles. Business and economic cycles expand and decline. The boom cycles are fuelled by a growing economy, expanding job market, and other economic factors.
People also often lose money in the markets because they let emotions—mainly fear and greed—drive their investing. Moreover, they often lose money, because they are not lucky. Luck is when preparedness meet opportunity.
You must remember that our ultimate aim in life is happiness and the key to happiness is contentment. Don’t be greedy and take risk in the stock market.
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