wake up

Hi B4B4, I totaly agree with you regarding your expectation for the next QR, March is almost done and the average oil price is definetly much more higher than previous QR as well as teh production rate, so definetly teh next QR should show higher earning and higher profit, Hibiscus best stock performance. looking forward for the next uptrend, my TP for short term is still 0.66

I guess, the downtrend show is over..prepare for tack off..

I guess as every Friday, the show start at 16:00 pm...lets wait and see how Hibiscus will end the day.

look like the oil reserve is getting less and less, so oil price will keep on moving upward. see article below:

Exxon Mobil Corp. disclosed the deepest reserves cut in its modern history as prolonged routs in oil and natural gas markets erased the value of a $16-billion oil-sands investment and other North American assets.

The equivalent of about 3.3 Bbbl of untapped crude was removed from the so-called proved reserves category in Exxon’s books, the Irving, Texas-based explorer said in a statement. The revisions were triggered when low energy prices made it mathematically impossible to profitably harvest those fields within five years. The sprawling, 3.5-Bbbl Kearl oil-sands development in western Canada accounted for most of the hit.

The 19% drop amounts to the largest annual cut since at least the 1999 merger that created the company in its modern form, according to data compiled by Bloomberg. That includes 1.5 Bbbl of reserves that were pumped from wells. The previous record cut was a 3% reduction taken during the height of the global financial crisis in 2008. The reserves are now at their lowest since 1997.

There is no reason to unload as long as Hibiscus Management fundamental is still intack. I like all these analysis, the bottom line here is remain that the fact is that hibiscus is an oil and gas producer managed to reduce its production cost to 13USD/b and manage to increase its production to 300 K barel in one Quarter and the fact is that the oil price is still up and heading up ward in the comming month as the demand will grow in addition the USD vs Ringgit is avarage at 4.44.... so all these will keep contributing to more and more profite..to come. i recommend buy buy buy as much as you can for short and long term.. my TP for short term remain 0.66..

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) and Saudi Aramco are expected to sign an agreement to collaborate in the country's Refinery and Petrochemical Integrated Development (RAPID) project, two industry sources said on Wednesday.

Aramco had decided to suspend its partnership with Petronas in the refining and petrochemical complex in the southeast of the country, according to sources last month.

The signing is expected to take place on Monday, said one of the sources with knowledge of the matter who declined to be identified, during a visit by Saudi Arabia's King Salman to Malaysia.

Saudi Aramco declined to comment and Petronas was not immediately available for comment. - Reuters
Read more at http://www.thestar.com.my/business/business-news/2017/02/22/petronas-saudi-aramco-may-sign-new-deal-on-refinery-project/#K3YuMKp7U9tKTpQ6.99

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) and Saudi Aramco are expected to sign an agreement to collaborate in the country's Refinery and Petrochemical Integrated Development (RAPID) project, two industry sources said on Wednesday.

Aramco had decided to suspend its partnership with Petronas in the refining and petrochemical complex in the southeast of the country, according to sources last month.

The signing is expected to take place on Monday, said one of the sources with knowledge of the matter who declined to be identified, during a visit by Saudi Arabia's King Salman to Malaysia.

Saudi Aramco declined to comment and Petronas was not immediately available for comment. - Reuters
Read more at http://www.thestar.com.my/business/business-news/2017/02/22/petronas-saudi-aramco-may-sign-new-deal-on-refinery-project/#K3YuMKp7U9tKTpQ6.99

I keep my share too, all of it anyone whant to sell at 0.515 i am buying.

245 milion share traded today...this is half of the share at public float.. next two days is intresting..

I guess there is no more share available for sal at 0.515, so the only way is...up...

yuonginve.. your realy yuong??

DNeX scored multiple project worth about 400 Milion ringgit in the last 5 weeks and presented an excelent QR report, too many news to be digested by traders, just be patient..invest base on fundamental analysis, DNeX is a very healthy and profitable company with a bright future to growth more..

Hibiscus is dept free

and i fully I agree with the rest of your statment

HeartBreakkid..Hibiscus already a profitable company..

This could only means that Hibiscus got the approval from Petronas for his aquisition in Sabah..my guess..

30 cent devident, waw.. very good PETDAG..

Waw, the result is out, excelent as expected, 6bilion RM revenuw and about 340 Milion profite in one quarter.. almost double compare to previous quarter

Immagine what would be the QR result for Jan-Feb and March 2017 !!!

Hibiscus will touch 0.575 this afternoon session, wait and see..

Julia, I think your are confused by Calvin and all tehse negativem, just read teh QR report you will see that that Hibiscus made an excelent job this QR and he will do evan more better in teh next quarter... see full description below..

22 February 2017 – 1.15 p.m.
Hibiscus Petroleum Berhad (“Hibiscus Petroleum” or “the Company” or “the Group”) today announced its results for the second financial quarter ended 31 December 2016 (“Second Quarter”). For this quarter, the Group recorded a profit after tax (“PAT”) of RM 10.7 million and earnings before interests, taxes, depreciation and amortisation (“EBITDA”) of RM37.8 million. Year-to-date PAT was reported at RM 90.9 million.
Operationally, circa 300,000 barrels of oil was produced from various fields within the Anasuria Cluster and were sold at a realised priced of USD41.7 per barrel contributing to a Second Quarter revenue of RM61.8 million.
The average production rate for the quarter stood at approximately 4,400 barrels of oil equivalent (“boe”) per day. Other significant performance indicators reported were that operating expenditure per boe was circa USD 13.0, under-pinned by strong average facilities uptime of about 98 percent.
Hibiscus Petroleum’s Managing Director, Dr Kenneth Pereira commented, “Overall the second quarter was memorable as several milestones were achieved. At Anasuria we are seeing the positive impact of our operating initiatives and in Malaysia, we have secured an asset that is subject to regulatory approval. On a macro-scale, OPEC and non-OPEC co-operation has resulted in a resurgence of oil prices. Whilst we did not immediately benefit from the oil price spike that followed the 30 November 2016 OPEC meeting, we hope to do so in the following quarters.”

Next QR is even more profit comming, as this QR did not fully benefit from the oil price increase post 30 nov 2016..

I never abondent my share since November 2016, still holding alot.. read my work done yesterday, I was allaway right sofor, my predection (yes predection) are a fact now.. enjoy your profit for those who bough at 0.5 as the ride is still at the start of the road.. no bumb ahead up to 0.585..

Crude oil brent still going up

This QR report shoudl be excellent

i bought more today, very happy..haha.

up up up...

good news for solar pannel producers ..

ThisKUALA LUMPUR: The Energy Commission is conducting a second competitive bidding process for companies to build large scale solar (LSS) photovoltaic (PV) plants in Peninsular Malaysia and Sabah/ Labuan.

It announced on Tuesday the plants will be connected to the grid and sell their energy to Tenaga Nasional Bhd (TNB) or the Sabah Electricity Board (SESB) under a solar power purchase agreement.

“The LSS capacity to be tendered will be from one to 30 megawatt (MWac) with a target aggregate capacity of 360MWac in Peninsular Malaysia and 100MWac in Sabah/Labuan, which is expected to be commissioned by in 2019 to 2020,” it said.

The EC will also announce the injection points for the connections to the grid.
Read more at http://www.thestar.com.my/business/business-news/2017/02/21/energy-commission-seeks-bids-to-build-large-scale-solar-pv-plants/#I2ovEYD4UfyVKvzH.99 could be the new project for TekSeng;

well i thing teh reversal is just started, teh share hobble between 0.765 & 0.805 and back to 0.765 !! to me it is an indication that a storm is building up and sooner or later once teh QR is issued TS will cross 0.85..

this week expect an excelent QR report and higher devident anouncement,, any one know what time the QR report is made available?

0.38 is still cheap. today DNEX open 0.4 !!! next round this afternoon, better buy more and top up if you can below 0.4 is very cheap now.

both Hib and DNEX will continuw flying up in teh comming days..

the last 3 days, about 400 milion shares traded, 50% of public float, impressive.. TP at least 0.5 in short term

Revenue: 67.5 Milion
Profit: 35 Milion
Devident proposed 0.5 RM/S

Excelent results

Report is out: Excelent result;

Quarterly rpt on consolidated results for the financial period ended 31 Dec 2016

DAGANG NEXCHANGE BERHAD


Financial Year End 31 Dec 2016
Quarter 4 Qtr
Quarterly report for the financial period ended 31 Dec 2016

if the USA economy need to be exalerated, you need more and more oil, so its logic that USA will produce more, but also will consume more and more, so at the end the stock pile is what you need to look at, now OPEC is trying to reduce the stock pile and it going down day by day as long as the OPEC keep cutting production. The oil price will continue moving up simply not because of teh market sentiment but more because of teh decision between teh 7 sisters..if you know what i mean here.. Chevron, Exxonmobile, Shell, BP, TOTAL, oil price is definetly will touch 70 USD by end of this year.

Hibiscus is on the move, report must be an excellent one.

KUALA LUMPUR: Buoyant crude oil prices galvanised investors’ risk appetite for oil and gas stocks, especially Petronas-linked counters, in line with the firm Asian markets early Tuesday.

At 9.10am, the KLCI was up 5.27 points or 0.31% to 1,717.85. Turnover was 260.96 million shares valued at nearly RM100mil, Advancers beat decliners 194 to 94 and 221 counters were unchanged.

Reuters reported US crude futures rose for a second day on Tuesday, with data showing hedge funds are betting big across oil markets following OPEC production cuts agreed last year.

US West Texas Intermediate crude was up 23 cents at US$53.63 a barrel at 0032 GMT. It gained about 29 cents, or 0.5%, on Monday. Brent futures were yet to trade, after ending the previous session up 0.7% at US$56.18 a barrel.

At Bursa Malaysia, Petronas Gas rose 40 sen to RM21.04 and Petronas Dagangan added 16 sen to RM24.40 while Petronas Chemicals added seven sen to RM7.55. LNG carrier, MISC added six sen to RM7.76.

Read more at http://www.thestar.com.my/business/business-news/2017/02/21/petronas-stocks-lead-klci-charge-early-tuesday/#UECd03yTPIFiwptc.99

just remmember that more than 450 milion shares are sold at 0.555, 0.545, 0.535, 0.525, 0.515 and today 0.505.. for teh last 7 days just to be able to catch so profit before the next up trend, this time will not stop at 0.555 ..

its realy cheap 0.5 RM is about 0.11 USD !! HIBISCUS earn a net profit of about 36 USD for every barrel of oil produced (4000 barrel a day or about 360000 in 3 month) ..this has been on and on for the full last 3 month unenterropted...

I am already re loading as much as i can.. i have full truss more than ever..

its not the first time taht hibiscus share fall, look to teh history, it is normal when people take profit.. Hibiscus alwayse climbed back, compare november 2016 and feb 2017 you will see clearly that hibiscus trend is up..at the end.

Would liek to share this article posted december 2016..
By AMIR HISYAM RASID - 7 December 2016 @ 11:00 AM
KUALA LUMPUR: HIBISCUS Petroleum Bhd is postponing its project in Australia due to limited access to capital and the prevailing market uncertainty in the oil and gas (O&G) industry, said managing director Kenneth Gerard Pereira.
The company will be focusing on its assets in the Anasuria Cluster O&G fields in United Kingdom North Sea for now to maintain cash flow and profitability.
Analysts said many O&G players are taking a wait-and-see stance before deciding on new exploration activities.
Pereira said for now the company will allocate capital and continue with cost management of its assets in the Anasuria Cluster, although it is comfortable with oil price trading above US$40 (RM177) per barrel.
“The company is debt-free, so I think it will be more critical for us to put together some financing to support the activities that we would like to undertake, primarily next year.
“We hope that the Anasuria Cluster will receive some capital allocation and that will help us enhance production,” he said after the company’s annual general meeting, here, yesterday.
However, Kenneth is optimistic that sentiments in the O&G market are turning slightly positive after it was buoyed by Organisation of the Petroleum Exporting Countries’ decision to cut output which resulted in a slight rebound in oil prices recently.
Hibiscus is also currently awaiting an approval from Petroliam Nasional Bhd to acquire a 50 per cent stake in Shell’s four oil fields offshore Sabah for US$25 million , which analysts believe would support the company’s profitability.
“We are to focus on Anasuria Cluster and the outcome of the acquisition in Sabah. Once we receive the approval, there will be a transition of certain activities there,” said Kenneth.

I am buying..

all sign show that this QR report is much more better than the previous one, if tehre was any mojor changes than Hibiscus would have the obligation to anounce it, wich there is non..teh keep positive thinking, this Friday teh report shoudl be issued..

hibiscus 0.500 is a good time to enter.. 4 days left for teh QR..take yoru chance before too late

it doesn't realy matter 55, 57... the fact is that this QR average oil price is about 55/43: is aboyt 27% higher then previous one as well as teh USD value against the ringgit, so teh profit is definitly higher and higher...Hibiscus is going to fly high next week before the report is publish you are advised to buy. At least this is my assumption..

in the previous Quarter report, Hibiscus daily crude oil production was more than 4000 barrel a day sold at an average of 43USD a barrel with an average cost of 21 USD and a net profit exceed 50% Same for Gas production too. I am expecting an excelent QR for next week simply becaus teh fact is that the daily production is even higher and the crude oilo price is now avarage at 53 USD and even more positive is teh production cost is continuosly going down to below 20USD a barrel. So if you are good in math you will figure it out what would be the next share TP for comming month..