This counter momentum very good...

No need to see everyday price.. just enjoy the up trend oil price and see at your own target price by stages...

Just hold and wait for 1Q report in next few month and see the financial result. Interesting to see the result look like...

Gaining strength to move up further... same boat is RE..

oil moving up again....crude at Usd 53....next target 55.

yup agree.

Hisbiscs is on the way to own 4 oilfields from shell operator in Sabah offshore...that is the reason of the price increase at this momnet.. the other owner of the oilfield is Petronas... what we just need now is the price of oil to further increase.

sorry .. ex spac counter.. hihi

Both SPAC counter : RE and Hibiscs has strong base to go higher...

seem pass resistant already...

Movement very strong... may penetrate resistant..

Our base case fair value of RM0.60 is premised on a DCF valuation of Hibiscus? 50% stake in the Anasuria cluster with a 11.0% WACC. We are also positive on a further upside boost of an additional RM0.55 with the potential acquisition of the North Sabah asset. The total fair value of Hibiscus would therefore be RM1.15 if the acquisition is successful, pending approvals from Petronas. The base case scenario however of RM0.60 still offers a potential 37.1% upside from current share price.

Seem the investor is chasing the price based on upside potential that hibiscs can bring...

Yes... let the institution pay at higher price from us since they didn't take any risk to buy before QA...

This stock become investor choice because income in USD.. strengthing further of USD mean more income to RE in ringgit.. Another factor is oil recovery and buy at low cost during Aquisition..

Pre QA Reach - Wa just RM 0.05 and compare now at RM0.135... your money has grow more than double already... more to come..

strong dollar kill oil momentum last nite... drop to crude drop to USD 52.65 from high USD 55.00... can sell a bit to lock profit...

Oil price is testing new high...

iyo.. make alot money aldy through wa...still hold...

Moving fast now... base is strong..

RE now seem good base to move up

Brent now at 52.16 and Crude : 49.70 after Opec decision to cut.. Brent may go till USD 55-60 range...Hope quarterly report from reach next year will show good result..

US Oil price USD 47.45 now... meeting started.. wait for the announcement whether OPEC agree to cut or not...If agree then good sign for O&G stock tomorrow...including Reach Energy...

US Oil spike Noon : USD 45.40, 4.45 pm : USD 46.75.. good sign?

Take Opec meeting as opportunity... if meeting fail oil price will drop may go below USD 40... sell US OIL in forex trading.. when drop make money... If meeting successful oil price will go up may go above USD 50.. buy US Oil in forex and increase reach wa holding...Opec vienna meeting will start from 11 am and press conference at 4pm.. Malaysia time start 6pm and 11 pm press Conference..

Thanks bro..I may set 6-8 cent price to accumulate more...

Interest on wa seem good.. time to top up more? What u think?

Just happily ride on wa... still long way to expire... more upside than downside after QA passed. Just be patient loh..

Wah .. warrent buyer so big la today..nyum2.

Buy warren la.. still cheap... before expire 2022 sure people play... no need to wait till conversion at .75 la... haha..

For me i see more upside in the future...good to have asset at low price and at current low oil price.. At this moment people afraid to invest in Oil and Gas sector but it is actually an oppurtunity for long term investor... based on historical data oil price may go up again although we not sure when ....Actual profit will be once the oil price cycle up and financial report show positive result...im sure the day will come...

WC... enjoy lunch first..great food..haha

Sorry to say QA passed 429 number for and 81% for..

Warrent movement indicate someting positive.. but just wait a bit loh for final result..maybe market need to close trading first then announce..

Now waitig result maybe in 15 minute... just wait.

Finish voting...result after verification...

RE wa buy volume seem positive...

RE and MTD is so determined to get the QA pass. They will not let it go just like that... It seem high chance than before that they can do it...

If Donald Trump can do upset not possible Reach can do the same... hihi. anyway happy guessing before the final day...

Yes wa too risky.. its like gamble... lose high gain also high.. 2 spac before wa lose.. so need to be extra careful.. that all.. if u want gamble can gamble to certain limit loh.. up to u. But of u cannot accept lose money dont gamble loh...

If RE already buy big NO block off market it should be reflected in bursa announcement right. So far no bursa announcement mean no buy yet right?

If buy wa now at RM 0.06 if QA fail sure drop till RM 0.03... But if QA pass can gap up RM ??? Any idea?

Ehh.. many advice avoid wa and buy only after QA passed. why buy now? unless you think wa will jump gap up if QA passed.

Mukeke..

With that announcement it seem they are planning to buy as much as 208M block and ask them to change vote to YES. I just wonder who are helping RE to buy this block if they decided to do this.

You ma take advantage now to sell if want to get fast return... Price may drop after QA passed..

Once price target reach RM. 76 yield investor can sell .. no need to wait 1 year since you have reach our objective.. You may let the long term investor take over ...

Yes correct ..to increase sucessful rate the they need to buyout the No group. Let see any news on this next week.. let see also MTD move on this..

Reach QA still can go through provided they have someone to buy over the 208M No voter and change their vote to Yes. Can they make it?

This drama is the best an market so far.. so interesting... but i respect the fighting spirit of the management not like cliq or sona fall in the first qa battle...let see the 2nd round of this battle who will win.. i personally woul like the QA to be passed cause i see the value of the asset. Buy at cheap price...based on history whatever go down will go up. Therefore one day oil will recover but of course will take times..

So next meeting continue voting from today result or start fresh? If continue from today result then chance of failure is high...