Sumatec will upsurge today!

https://www.investing.com/news/commodities-news/crude-prices-jump-in-asia-after-api-figures-451176

Crude prices jumped on Thursday in Asia as the American Petroleum Institute (API) reported a larger-than-expected gain in stocks.
On the New York Mercantile Exchange, crude for February delivery jumped 2.01 percent to $53.83 a barrel, while global benchmark Brent crude was up 1.89% to $56.52 a barrel on London's Intercontinental Exchange.
API said crude oil inventories last week dropped 7.4 million barrels, compared to a 1.7 million barrels decline seen.
The estimates followed last week’s build of 4.20 million barrels that was the fifth draw in the last seven weeks. More closely-watched official figures from the U.S. Department of Energy are due on Thursday.

https://www.investing.com/news/commodities-news/crude-prices-jump-in-asia-after-api-figures-451176

Crude prices jumped on Thursday in Asia as the American Petroleum Institute (API) reported a larger-than-expected gain in stocks.
On the New York Mercantile Exchange, crude for February delivery jumped 2.01 percent to $53.83 a barrel, while global benchmark Brent crude was up 1.89% to $56.52 a barrel on London's Intercontinental Exchange.
API said crude oil inventories last week dropped 7.4 million barrels, compared to a 1.7 million barrels decline seen.
The estimates followed last week’s build of 4.20 million barrels that was the fifth draw in the last seven weeks. More closely-watched official figures from the U.S. Department of Energy are due on Thursday.

Expect another bull run for O&G counters!

https://www.investing.com/news/commodities-news/crude-prices-jump-in-asia-after-api-figures-451176

Crude prices jumped on Thursday in Asia as the American Petroleum Institute (API) reported a larger-than-expected gain in stocks.
On the New York Mercantile Exchange, crude for February delivery jumped 2.01 percent to $53.83 a barrel, while global benchmark Brent crude was up 1.89% to $56.52 a barrel on London's Intercontinental Exchange.
API said crude oil inventories last week dropped 7.4 million barrels, compared to a 1.7 million barrels decline seen.
The estimates followed last week’s build of 4.20 million barrels that was the fifth draw in the last seven weeks. More closely-watched official figures from the U.S. Department of Energy are due on Thursday.

Good news!

Brent 58.03 is history. Tomorrow wake up, $59 or above $60

Speculation is the son of investment. Like Warrant and mother share.

Tomorrow restock if have opportunity :)

Whoever sold at 0.385 previously, better buy back kaw kaw now before Hib hits 0.485 level.

For those already bought back, congrats again!!!

0.12 next level after closing at 9c today!
Brent is hitting $60 per barrel very very soon!!!

Brent is hitting $60 per barrel very very soon!!!

0.48 next level

Brent futures 57.84 +1.02 +1.80%
Tomorrow will be another up for O&G counters!!!

Brent futures 57.84 +1.02 +1.80%
Tomorrow will be another up for O&G counters!!!

John Lu bought some at 8.5c. Buy more if you are very confident about this counter. B4b4 also bought this counter?

Kim Na Neng, you really gung-ho defender of this counter!

someone previously said worth 10sen next year...hahaha...
Which one is nearer, close to 1 sen or 10 sen based on yesterday's closing price?

http://www.theedgemarkets.com/my/article/hedge-funds-bet-oil-rally-extend-2017-output-cuts-hit

MrRoy, welcome.

kennny, don't worry too much about this counter and if you are not comfortable to go in now, then aim for other counters. Cheers.

Still waiting for someone to unload at the lower price but no luck so far.

cashflow, Good news. Any site to verify it?

http://www.thestar.com.my/business/business-news/2016/12/30/crude-oil-cheer/

However, the O&G heavyweights were not moving up yet. Instead, actively traded on Bursa Malaysia were O&G penny stocks such as Hibiscus Petroleum Bhd, Perisai Petroleum Teknologi Bhd, Sumatec Resources Bhd, Borneo Oil Bhd, KNM Group Bhd and Reach Energy Bhd warrants.

Hibiscus has been steadily climbing over the last three months. Its share price has now almost doubled from the 20-sen level in October. Hibiscus closed the day up one sen to 41 sen.

Even Practice Note 17 company Perisai has almost doubled its price, and only within a month. As at end-November, the stock was trading at the five-sen level. The stock closed unchanged at nine sen and was the most actively traded counter of the day.

“With the recovery in oil prices, the oil producers will start moving first. Once these stocks have plateaued, then interest will turn to the service providers,” said one observer.

Hibiscus and Reach Energy are seen as having direct exposure to oil production.

SapuraKencana Petroleum Bhd, although not a producer of oil, is considered the bellwether of the Malaysian O&G sector due to its sheer size as a service provider and engineering company.

“You won’t see the earnings of the Malaysian O&G service providers turn around just yet. The excesses and consolidation will still have to take place in 2017. The industry as a whole will only recover over the next 12 to 18 months,” added the observer.

If you have money and can hold during turbulence time, why not? Set the cut loss level and let it fly to sky.

beyond 1.00 will be 400% gain for you and this can be achieved by second half of 2017.

congrat izoklse, you already made around 100% gain. Nothing to worry, just enjoy the journey and can top up anytime too.

target of 0.425 shouldn't be hard to break if the news for crude oil is positive.

more-than-expected surplus, oil prices may be in for a downward ...then good to collect Hibiscus at lower price and wait for lower inventory in Jan 2017 to see Hibiscus up again.

http://www.wsj.com/articles/oil-prices-steady-ahead-of-u-s-stocks-data-1483008015

Analysts surveyed by The Wall Street Journal were expecting a 1.4 million barrel decline in crude supplies. Those surveyed by S&P Global forecast a drawdown of 1.5 million barrels.

if inventory decline, then expect Hibiscus up again tomorrow but expect some profit taking before moving to new high in 2017!

inventory data from the U.S. Department of Energy will tell you the weekly info but Jan 2017 inventory will be down and good for oil price.

Load more tomorrow. Whoever want to let go, please let go as low as possible tomorrow.
Next target 0.50.

Congrat to those sold at 0.386 and bought back again yesterday or today i.e. LA777. Cheer

nekosan, yes Tomorrow will open 40.5 cent and close 39.5 cent
but next year up to 60c-80c. It is totally how you play with it.

QQ88 9.78 EPS less 20% administrative & exploration/maintenance costs ex-anasur...

Well said QQ88 so 60c to 80c in 2017!

Yes, buy, keep, wait and remember to sell at the right time. Cheers :)

B4b4, yes hopefully Perisai will out of the wood soon and Sky is the limit.

B4b4 and John Lu are among the sifus that keep this counter's momentum up. Not forgetting IncredibleThings and thinkfirst too.
But expect some profit taking toward the end of this week and another round of rally next year.

Whoever sold at 0.386 should buy back tomorrow before Hibiscus hit 0.50.

Brent Oil Futures 57.15 +0.32. Next target is 58.
Very interesting for O&G counters today. Tomorrow another show time for Perisai and Hibiscus.

Brent Oil Futures 57.15 +0.32. Next target is 58.
Very interesting for O&G counters today. Tomorrow another show time for Perisai and Hibiscus.
KYY called it pivot moment and might into O&G counters too.

Then wait at 1.8

Today will be very interesting day for HIBISCUS as crude oil inching towards 57 per barrel!
Latest 56.95 +0.15 +0.26%

FA also shows a Good buy now?

http://www.thestar.com.my/business/business-news/2016/12/28/oil-rallies-in-thin-trade-adds-to-years-gains/

B4b4, hope your prediction of Perisai will out of the woods very soon is indeed true.

FA is very bad but TA is good?
so either hit or being hit.

Brent Oil Futures at 56.81. Move toward 57.
Expect better performance for HIBISCUS today and expect RON95 and RON97 retail price increase next month. So pump your fuel tank full by the eve of New Year.

http://www.theedgemarkets.com/my/article/year-numbers-steel-counters-top-tables

See the better sky tomorrow for O&G counters