There's many informative slides. Love how bullish Hibiscus management is regarding oil price at 70-80.
For US shale to work oil price cannot go too low.
Management keep repeating Q2 will be 2.5 Mbarrels even when we are in the middle of Q2, therefore Q2 numbers will be significantly better.
Assets will be revaluated upwards back again since USD is 4.45 as opposed to 4.1x during Q1, so the NTA numbers will improve and the Price to Book will also improve.
I am monitoring the SBB and the momentum is seriously strong. Company has used up RM70 million. But if we see the cash in bank balance, it has grown RM187mil. What if Q2 numbers are better? There's still capacity from the warchest to continue SBB.
For the short sellers, they have 15 million shares to cover. I'll be sweating if I'm them.
For Hibiscus-c69 call warrant, call price 2.15 in May 2025 by CIMB. I highly suspect they will lose money. Let's continue buying!! Continue your averaging down/up. It's the only way we can win and show support through action.
Stock: [HIBISCS]: HIBISCUS PETROLEUM BHD
2 hours ago | Report Abuse
Please watch Q1 2025 results or visit Hibiscus Petroleum's website > Investor Relations page
https://www.youtube.com/watch?v=GRRsK58djK0
There's many informative slides. Love how bullish Hibiscus management is regarding oil price at 70-80.
For US shale to work oil price cannot go too low.
Management keep repeating Q2 will be 2.5 Mbarrels even when we are in the middle of Q2, therefore Q2 numbers will be significantly better.
Assets will be revaluated upwards back again since USD is 4.45 as opposed to 4.1x during Q1, so the NTA numbers will improve and the Price to Book will also improve.
I am monitoring the SBB and the momentum is seriously strong. Company has used up RM70 million. But if we see the cash in bank balance, it has grown RM187mil. What if Q2 numbers are better? There's still capacity from the warchest to continue SBB.
For the short sellers, they have 15 million shares to cover. I'll be sweating if I'm them.
For Hibiscus-c69 call warrant, call price 2.15 in May 2025 by CIMB. I highly suspect they will lose money. Let's continue buying!! Continue your averaging down/up. It's the only way we can win and show support through action.