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2018-02-14 10:33 | Report Abuse
KUALA LUMPUR (Feb 14): Hibiscus Petroleum Bhd's oil production will more than double to 9,000 barrels per day from current 4,000 barrels upon completion of the purchase of 50% stake in North Sabah oilfield from Royal Dutch Shell Plc, says managing director Kenneth Pereira.
* It is on track to complete acquisition by end-March
* “We can’t give any projection” on earnings, “it will more or less follow the trend of doubling up,” says Pereira in an interview at the company’s office in Kuala Lumpur
* “We think North Sabah has got huge potential. The exciting number is the contingent resources which means discovered oil that has yet to be connected to any infrastructure."
* North Sea oilfield contingent resources stands at 79 million stock tank barrels vs remaining reserves of 62 mmstb, according to co.
* Hibiscus will be working with Petronas, partner and nation’s state-owned oil firm to improve production rate for North Sea oilfield after acquisition
* Also looking at establishing $50 million medium term notes for working capital
* It is working to increase Anasuria oilfield production to 5,000 barrels per day by 2020
* The company is on the lookout to buy more oilfield assets, however co. not looking to pay full valuation
** “There must be an angle to it otherwise we can’t afford the deal. We can’t say there’s anything that is anywhere close to our criteria for an asset purchase now. At this price for oil, it’s difficult.”
* Stock is down 20% this month after gaining 141% in six months through end-Jan.
2018-02-13 22:28 | Report Abuse
JN88 be considerate of others ler...
Keep your ching chong language to yourself..
2018-02-13 17:39 | Report Abuse
Fahmi is back... I look at his Facebook profile like one kunyit fella only.
2018-02-13 12:07 | Report Abuse
If you have 2 mother share then you can buy 1 warrant at the discounted price
2018-02-13 09:36 | Report Abuse
Banyak olang hati busuk sini
2018-02-12 09:15 | Report Abuse
Belacan fahmi looks like this
https://m.facebook.com/fahmijaes
2018-02-11 15:51 | Report Abuse
Fahmi niah...
Hope you struck lightning soon
Hahahhah
2018-02-10 21:39 | Report Abuse
More2It may you rot in your cny celebration
Hahahhaha
2018-02-09 09:53 | Report Abuse
Locomania always kentut n bullsht one...
2018-02-07 14:06 | Report Abuse
Careful guys... here got a lot devil
2018-02-06 23:06 | Report Abuse
U.S. financial markets were bracing for another volatile day — and they got it.
After opening down more than 500 points, the Dow Jones industrial average was up more than 250 points just before 10 a.m..
2018-02-06 23:03 | Report Abuse
Green ??
You must be colour blind ...
Dow open red
2018-02-06 22:27 | Report Abuse
Stock market turmoil: All eyes on the Dow after $4 Trillion wiped off global shares
2018-02-06 17:25 | Report Abuse
So basically a whole lot of trading robots happened to decide that this was a good time to get out of the market. And honestly that makes sense, because if you’re an investor, or even just have been paying attention to the the stock market over the past year, you’ve probably asked yourself in casual conversation, "Gee, how long can this go on? When should I get out?" Well, all the robots may have decided that the answer to that question was just after 3 p.m.
2018-02-06 17:20 | Report Abuse
Looks like automated technical analysis tool shows sell
2018-02-06 11:43 | Report Abuse
I just want to shut off the pc and go for a long distance drive...
Byeeee
2018-02-06 10:38 | Report Abuse
Long term for me.... rsi reached 30 already. Super oversold.
2018-02-06 10:36 | Report Abuse
This one just drops due to panic from dow Jones...
Fundamentally still good ...
Looks like cny this year not good sign or year...
2018-02-06 10:34 | Report Abuse
Aiya... sapuraenergy dropped before dow Jones dropped la..
2018-02-06 10:10 | Report Abuse
Kita olang nie semua cina sini...
Mestilah ala dengki punya.
Kita olang pigi sekolah cina score punya olang tapi moral kita olang tarak sikit pun.
Kita cina ma
2018-02-06 09:17 | Report Abuse
Bursa should stop the trading as UMA....
2018-02-05 17:57 | Report Abuse
If no short selling from today then it's very good to add as it's oversold. Rsi ~30
2018-02-05 12:37 | Report Abuse
Locomania... last time only one group looking for price to go up.
Now 2 groups. One will want to go up n one will want it to go down.
The movement pattern will change too. We will see more swing pattern n surge up will be less.
IT'S like Forex trading now.
2018-02-05 12:33 | Report Abuse
Yes... new account similar to margin one
2018-02-05 12:28 | Report Abuse
Overbought and oversold will be vice versa too
...
Damn
2018-02-05 12:26 | Report Abuse
@Hohoho123 Support for short selling will be resistance n vice versa
2018-02-05 11:57 | Report Abuse
SHORT SELLING will change new pattern and all support resistance all will be new too...
Haiyahhhhhh
2018-02-05 11:31 | Report Abuse
Today is first day for hibiscus for RSS.
REGULATED SHORT SELLING.
IT'S REALLY REALLY BAD NEWS...
2018-02-05 11:29 | Report Abuse
Hohoho123...
Doom la for us....
2018-02-05 11:28 | Report Abuse
BEWARE OF SHORT SELLING GUYS!!!
2018-02-05 11:26 | Report Abuse
Shorting stock is the process of borrowing stock you don't own, selling it, and pocketing the proceeds. Later, you have to buy back the stock and return it to the owner from whom you borrowed the shares. This means a person who shorts a stock makes money when the stock declines, rather than appreciates
2018-02-05 11:24 | Report Abuse
No wonder dropped kaw kaw.... it's official now.
Hibiscus is one the counter added today to short selling stocks...
It can go down quite significant... Niameh...
Stock: [HIBISCS]: HIBISCUS PETROLEUM BHD
2018-02-14 14:56 | Report Abuse
Fahmi no comment ah ?