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2018-12-20 16:34 | Report Abuse
Buy tech? Buy jet? China want buy US don't want sell
2018-12-20 16:33 | Report Abuse
Don't buy oil buy wat? Buy tech? Buy jet?
2018-12-20 16:30 | Report Abuse
Well we shall see when d shale producers defaulted their loans
2018-12-20 16:26 | Report Abuse
Trump d biggest oil salesman wil oso panic
Trump is pressuring China to buy WTI
Low WTI benefit China
Wat d hell strategy helping ur enemy??
2018-12-20 16:24 | Report Abuse
When WTI below 50 USD Trump oso panic
2018-12-20 16:16 | Report Abuse
Does it make sense to eat guava at around 4pm between lunch n dinner??
2018-12-20 16:12 | Report Abuse
Do u see IDSS operating or not?
2018-12-20 15:55 | Report Abuse
Forced selling coming to tail end
No more selling pressure after today
2018-12-20 10:41 | Report Abuse
It is mess
Let's see if Trump dare to stir up more problems or try to save d economy now
2018-12-20 10:34 | Report Abuse
Today last day to buy cheap
Once margin call forced selling triggered yesterday r cleared today price wil shoot up
2018-12-20 10:31 | Report Abuse
Oil price wil back to more thn 60 usd in no time
2018-12-20 10:30 | Report Abuse
Shale oil producers gonna b facing mass credit default due to negative cashflow
Share oil producers gonna turn against Trump asking him to prop up oil price
2018-12-20 10:28 | Report Abuse
Can the U.S. shale boom continue if WTI stays mired below $50 per barrel?
Much has been made about the dramatic cost reductions that shale drillers have implemented over the past few years, with impressive breakeven prices that should ensure the drilling frenzy continues no matter where oil prices go. On earnings calls with investors and analysts, shale executives repeatedly trumpeted extremely low breakeven prices.
However, those figures are at times cherry-picked or otherwise misleading. They fail to include the cost of land acquisition and other costs, or they simply reflect cost structures in only the very best acreage.
The sudden meltdown in prices – oil fellnearly 8 percent on Tuesday – could put renewed scrutiny on the point at which many shale wells breakeven.
The problem for a lot of companies is that they are not necessarily earning the full WTI price. Oil in West Texas in the Permian Basin continues to trade at a steep discount relative to WTI, even as the differential has narrowed in recent months. With WTI at roughly $47 or $48 per barrel, oil based in Midland is trading below $40 per barrel, the lowest point in more than two years, according to Bloomberg.
Bloomberg NEF data provides more clues into the complex “breakeven” debate. Wells located in the Spraberry (within the Permian basin) can breakeven when prices trade between $32 and $47 per barrel. Digging deeper, Bloomberg NEF notes that some of the best wells can break even in the low $30s, but the worst quartile of wells breakeven at an average of $65.54 per barrel.
In other words, a large portion of wells in the Permian – which, to be clear, is often held up as the best shale basin in the world – is currently unprofitable, given WTI priced in the high-$40s per barrel. The problem is even worse for areas outside of the Permian, where breakevens are on average much higher. Arguably only the very best wells in the Bakken, the Eagle Ford and the Niobrara are making money right now.
That puts the heady production figures from the EIA for 2019 into doubt. The agency expects the U.S. to grow production by 1.2 million barrels per day (mb/d) in 2019, another very large annual increase. However, that growth is predicated on higher oil prices. “If WTI remains around current levels (~$50/bbl), US growth should start to slow,” Morgan Stanley analysts wrote in a recent note.
There are some mitigating circumstances that could shield shale producers from the worst. Shale E&Ps routinely hedge their production for the year ahead. Just months ago, some of those hedges looked like a bad bet – producers had locked in prices in the $50s or so for much of 2018, even as oil prices over the summer traded much higher than that. For instance, Anadarko Petroleum said it missed out on $298 million in revenue because it locked itself into hedges at price levels lower than the prevailing spot price.
2018-12-19 19:20 | Report Abuse
Knn Ah Ken promised 10 offtakes d ma
2018-12-19 19:17 | Report Abuse
In relation thereto, we wish to clarify that there has already been one offtake in this quarter (October – December 2018) which was conducted in November 2018 in the Anasuria Cluster. Approximately 274 thousand barrels of oil (“Anasuria AHUK Offtake Volume”) net to AHUK was lifted and sold.
2018-12-19 19:17 | Report Abuse
We refer to a research report by TA Securities Holdings Berhad on Dagang NeXchange Berhad dated 17 December 2018 (“TA Report”).
In the TA Report, it is stated that ”management noted that no lifting will be performed for Anasuria in 4Q18, leaving total FY18 lifting at 4 times (against earlier guidance of 5 liftings)”.
Such a statement may have caused some confusion amongst the shareholders of Hibiscus Petroleum Berhad given that our indirect wholly-owned subsidiary, Anasuria Hibiscus UK Limited (“AHUK”), generally conducts offtakes in conjunction with Ping Petroleum UK Limited at the Anasuria Cluster.
In relation thereto, we wish to clarify that there has already been one offtake in this quarter (October – December 2018) which was conducted in November 2018 in the Anasuria Cluster. Approximately 274 thousand barrels of oil (“Anasuria AHUK Offtake Volume”) net to AHUK was lifted and sold.
For the avoidance of doubt, the Anasuria AHUK Offtake Volume is in relation to our oil sales from the Anasuria Cluster only and does not include any oil volumes from offtake(s) from our North Sabah asset during the same period.
This announcement is dated 19 December 2018
2018-12-19 16:24 | Report Abuse
Down 9% today more fell into d group to receive top up call tomorrow
2018-12-19 12:27 | Report Abuse
Jz hope ah ken n other big shareholders r not wetting their pants braising for d dread top up phone call
2018-12-19 12:21 | Report Abuse
TP for forced selling?
Abu Hassan forced to cease as substantial shareholder of Prestariang
TP upto d point banks r happy
2018-12-19 12:17 | Report Abuse
Well wat to do mkt oso pusing pusing got to b flexible
2018-12-19 12:15 | Report Abuse
Now lolololo no kikikiki time
2018-12-19 12:13 | Report Abuse
I don't mind 0 uplift in 1 qtr by 2 later but mkt now lots of forced selling look Prestariang bos
2018-12-19 12:12 | Report Abuse
Now supply under control it is demand side tat is messed up by Trump
2018-12-18 16:29 | Report Abuse
No more IDSS stil lolololo
Run
2018-12-18 16:04 | Report Abuse
Cannot afford to screw up its oil industry
2018-12-18 16:03 | Report Abuse
US is holding on to its tech advantages by tread
2018-12-18 15:59 | Report Abuse
Shale oil is d only good thing going on for Trump for US
2018-12-18 15:58 | Report Abuse
In no time Trump wil b more concern abt low oil prices thn MBS or Putin
2018-12-18 15:56 | Report Abuse
Short term wti brent lolololo
But jz short term
Long term wyi brent kikikiki
2018-12-18 15:54 | Report Abuse
WTI below 50 usd d biggest oil salesman Trump wil b in big trouble
Shale oil producers gonna hv no cash flow all cash jam
Mass credit default
2018-12-18 15:40 | Report Abuse
Too much lololololo over shoot
2018-12-18 15:39 | Report Abuse
Some more said d aiming 10 uplifts in 2019
2018-12-18 15:38 | Report Abuse
Hibiscus experienced no uplift in 1 qtr but 2 in nxt qtr b4 why so panic
Stock: [HIBISCS]: HIBISCUS PETROLEUM BHD
2018-12-20 16:35 | Report Abuse
0.81 wall coming down...