Top up again, qr sure good and sabah eor done deal soon. A stock that i could top up and sleep well. Why not

All og down, looks like a final shake off before proceed though for me

Thanks locomania from sharing.
Man, these local funds always kinda against the foreign fund.
Part of the reason why a lot area already historical high, but KLCI constantly being dragged back.

Economy outlook by our government

Wao, klci up 14 points. But still fall stock more tham rising stock.
What a good sconom

Lol, KLCI sky rocket again 11ponts but again the fall stock more than rise stock.
This one really consider bullish market ah, lol

Hibiscus volume is getting thinner and thinner.
Looks like this forum will quiet down till next movement

wao, almost lowest volume in past few months.

It definitely will contribute to QR.
Increase oil price, strengthening MYR and also possible improving online production time.
These factors will make hibiscus QR improve at least for another 1 to 2 quarters.

Ya, like blue chips plays recently. all the giant is moving fast and furious, lol.
Look at nestle, rm110 now. lol
KLCI up but most stock red.

Yup, no volume at all.
And all OG stock are stagnant.
U know, there's a saying " calm before the storm", haha.

Am i too optimistic here?

Locomania, i think OPEC have no absolute power to control on the shale oil.
And there's no way shale oil player will just stare at the big cake but not trying to taste it at all.
The question is "when is the time" only.

But shale oil will not want to disrupt the market too much either, coz if their aggressive production causing crash in oil price, then they will not able to survive as well.

So there will be an equilibrium between these 2, where a suitable environment for OPEC to grasp a breath and at the same time controlling the growth of shale oil. And price range of 75~65 might be the comfort zone for both.

Would like to use quotes from cold eyes :

沒成長，不要買，有成長，不要賣；成長短，短持有，成長長，長持守

So we will see hibiscus falls into which category in coming quarters then we will decide our next move.

And as locomania said, 3-6 months horizon for another 8-15% increase is reasonable.
And that's what i am waiting for as well.
Another 100%, hmm...not say impossible but definitely a bit tough.
Just like strike toto, can strike once in a life time but can someone strike twice, thrice all the times?

Rm 2 if can reach of course is even better, lol
Is it going to reach there, time will tells.

Anyway, i dont mind people shouting here though because that's what make investment less boring. haha
i am also one of the shouting guys, sorry if i irritates some of you. haha

Hi Windy1974, thanks for sharing your thoughts and experience. Really appreciate that.
By the way, i am in Oil and gas industry as well, so i guess we have something in common. :-)

I totally agree with you on there is a limit on hibiscus's revenue.
Production capability, well natural decline etc, cost of maintenance and intervention etc.
But strengthening of Myr and also the brent oil price floating around 70usd definitely did beneficial for hibiscus for mid term (6 months to 1 year).

Is SSPC deal will do exceptional profits to hibiscus, yes or no.
If yes then why shell wanna sell it to hibiscus? But hibiscus did see some opportunity in it and that;s the reason why it acquire from shell.

I could see your exp in oil field is more than 15 years, and i really do respect your expertise.
Cheers

The recent theme is to push blue chips
Really get ready for GE14 now. So OG stock might need to sabar a while for next wave

Looks like hibisvus will be consolidate a while till sabah eor deal done.
Or maybe next catalyst will be coming qr result and even better one for next 2 coming qt where the oil selling price will be aroubd 70usd70usd

sell other stock to get fund, haha.
sabah eor will sure boost the price, so just gonna hold till that time lo

lol, i am waitingto top up also.
Dont stagnant there, at least move down so we could collect more

https://www.msn.com/en-gb/money/topstories/petronas-ceo-says-current-oil-prices-not-sustainable/vp-AAv6jio

Lol, what a great timing this interview broadcasted.

Anyway, the title is misleading where petronas CEO didnt really say it is / is is not sustainable.
Where only mentioned that shale oil will come back and causing some disruption to supply and demand and may eventually reach an equilibrium.

haha, those article just try to cheat some clicks only.
it will be tough to move into 80 usd range, shale oil will take a move before reaching there.
100 usd almost no way it will happen, unless something real bad happen.

@Locomania, agree with you.
The fundamental still there and crude stays above 65 usd wil be beneficial to hibiscus.
Just sometimes curious on how KLCI reacts with it only, it seems public still a bit step back from OG stock even though strong recovery of crude oil.
And of course if price going another direction of crude oil price then it is time to top up.

i might be bad, but actually i hope it can be red today so i could do some top up.
By seeing the crude inventory coming down even at 69 usd range, looks like shale oil really do as what they promise.

Shale oil really do monitoring the market now and wait it go for maybe 75 usd range then only can slowly start to drill. (So at least there's some buffer even oil price drop).

So with 70 to 75 usd environment, hibiscus will be benefited of it. And they have plan to ramp up production with in line with crude oil raise, this is really a great move and plus some luck with them as well.

oil is not the theme today.
See the open market response then know already, all regular investors buying in only.
morning up then later pressed back down

I hope la, mana tahu later pressed pressed pressed.
Sienz also sometimes

Anyway, OG stock malaysia is somehow not tie with crude oil fluctuation (in short term).

Last week when brent hits 70, all OG stock in red.

So will it repeat the same today?let's wait and see

Oil so bullish, 70.7 for brent.
Let's see how bursa react to it

Lol, not the first day with this stock.
Better not to look at the price daily, just keep it in freezer only.

Highly manipulated, guess will be another long term block in front and behind and keep the price locked

Lol, the bimb reports really give a negative view to hibiscus

With acquisition on track to be completed, isnt that it should upgrade to buy?
wait till news come out baru upgrade to buy, then talk equal to no talk.

Lol

looks like market not really accepting the rise in crude oil.
What a cold response on all OG stock,lol.

Rocky88, where the source coming from for the 78mil? revenue or EBITDA?

Ah, dont worry still got someone queuing at 40 cents

looks like no power.
okla, at least it is green

oo, break 1.1, erkongseng's promotion works, haha

oh, i just thought it going to be another boring day.
Suddenly boom,haha

Rachel, just to clarify my stand point.
I own just a tiny portion of perdana all because of dividend from dayang.

OG stock should be a hot recovery sector in 2018, i believe entire market agrees on that.
So OG stock should have some movement this year including perdana.

However perdana is not my top pick but otehr OG stock that generating revenue during the tough time.
Perdana still a bit suffering for the moment and really depends on how its big bro dayang take care of it.

Orlando, that's another question i ask here before, did hibiscus mention in any public press that they have plan on sea horse?
People told saudi la, nz la but cant find any at all in thdir website.
And even they plan to develop, it will takes years to make it fruitful

Until sabah eor deal out then free warrant, then can reach there. Haha

Hahaha, okla. Up to u say whatever price u want, just make sure u queue there tomorrow. Hope u really get it

Lol, 70c. Better u sell it to me, haha

Thanks erkongseng.
Seems all party give the same tp to hibiscus of around 1.45.
Just curious what oil price they based on.

rachelhltang, that's a hundred million question.
It really depends on when perdana can turn profitable.
So if u can hold then great, if u cant hold then cut lost.
Stock need some patience.

Erkongseng, for this dbs tp, have they include the sabah eor? To get that tp of 1.45?

lol, some day people say bullish KLCI , another day bearish.
After last friday, all news cover KLCI bullish bt now KLCI diving again.

Oil uo to 100 usd is tough anf most likely fluctuating around 65 to 75usd unless something big happen, lol.
Onve bove 75 usd, shale oil kicks in then oil price stay there only.
Anyway, just ny point of biew.
But undoubtedly hibiscus is main beneficial of the current oil spike, and coming qr just going to be better and better. And with sabah eor in hand, oil production will fly high making a even better qr

Impressed by the homework done by a non OG related personnel.

Just for DNEX part, i am not so sure are they a drilling rig company (not really familiar with this company), coz from their website they are offering "Directional Drilling/Measurement While Drilling/Logging While Drilling Equipment and Services" which is actually different from drilling rig.

And for perforation part, not all the wells are completed that way. There's various way of doing it (open hole, screen, gravel pack etc). Perforation is just one of the many way and highly depends on the each well's situation.

Anyway, still very good job and good article. and hope to see more from you.

Todayrive, is there any announcement made by hibiscus that they plan to develop west sea horse?

Curious on previous quarter where the revenue is lower than before and claimed to be because of weather that disrupt the oil transfer.

So means this coming QR will account the revenue from previous quarter and make it a big sum of profits?

And anywhere that could find what production rate of Reach is currently producing on each month?
Dig through reach's website, but only manage to get a ballpark figure of about 3,500 bbl produced per day.

Just go and check all the og stock, he is posting the same shit.
And since 40c time he keep on spreading terror on sabah eor deal fail and look at the price now

John, jp morgan only give an in depth background introduction in their report, analysis nor tp given.
Anyway i did top up today at 1.01,so not bad

Anson, later will got people come and ask ' can we buy'? Haha

Thanks oozie as usual.
Then dbs is pretty much align with pbb then where add another 40c after sabah eor deal do e

wao, @Max Tan still new but FIFO and earn 5%.
Congratz haha