Sometimes buying high is not a bad idea. 90 sen now versus 70 sen a few months ago may look like a high price to pay. But in a few months from now if Hibiscus is at about $1.50 the 90 sen will look really cheap. Then you will know Pang72 got hibiscus at a damn good bargain.
I am speaking from bad experience with Supermx. At $2.50 I sold all and thought it was too high already. When it kept rising and went all the way to $20 I was in big shock and was also very sad. i promised myselves ever since, never to imagine the price is too high. It is better to just say I don't know than to say too high lah. Better run lah. Bo cau si lah. The truth is we just don't know.

Looks like quiet week ahead. Maybe after CNY may see more action. Feb 07 onwards. For longer term hold the price now is still a wonderful bargain. I don't think Russia will make a war move during cny as their buddy is on holiday. After that anything is possible.

Nice info rattynz, thank you.

If you look at glove stocks they were also like that in first few months of 2020. Then suddenly explode. Hibiscus has the potential to reach $2 - $3.00 by year end. That is if crude price stays above $80. But if crude price goes to above $100 then gonna explode also.
At around 2011 when crude oil was at $120 there was speculation the price may go above $200. But it did not happen. Never know if it might happen this time around. Never say it is not possible. Anything also can happen. Only those who have nerves of steel and can hold will benefit. Others will sell too soon.

Max2838 That news is from year 2016.

My friend, we have to think long term. I am hoping for good dividends, just like Pantech.

Looks like 2022 will be an eventful year for energy. Volatile for sure. Need to hang on to this wild beast. Hoping for the best. Got to go now. Cheers !!

Found it !!!

US putting together 'global' strategy to increase gas production if Russia invades Ukraine, officials say

https://www.cnn.com/2022/01/23/politics/us-gas-production-strategy-russia-ukraine-invasion/index.html

Some news here: excerpts of the article

In another sign of Europe's energy vulnerability, the US government held talks recently with several international energy firms to discuss contingency plans for delivering gas to Europe if Russian supplies were disrupted, Reuters news agency reported on Saturday.

Citing two US officials and industry sources, Reuters said US State Department officials had approached the companies to ask where additional supplies might come from if needed.

https://www.dw.com/en/europes-gas-crisis-could-lng-help-boost-energy-security/a-60490682

With Putin playing with the supply valve to Europe, there is an expected shift to supply of gas from other players. I read that some where, see if I can find that article.

rattynz The funny thing today is market did not even blink at this acquisition. It is as though just another day, with today's price of crude as the main determinant. All i can say is WOW !!! These are indeed unusual times. With Repsol assets adding 2/3 of updated Hibiscus , WOW !!! the market is really sleeping on this.

We need to see additional announcement to clarify. But I bought more anyways. Try luck lah.

already add at 86.5 sen and 84 sen. no more money to add some more. i thought the announcement was interesting as Hibiscus paid less $73 M. i hope this was income from Repsol asset while waiting for completion of acquisition. if it is then the purchase is very attractive.

Place your bets ladies and gentlemen.

So what is the verdict ? Limit up ?

Yeah please sell , I am waiting at yesterday's closing price. Ha ! Ha ! Ha !

HIBISCS - Trading Halt and Resumption of Trading
HIBISCS - Trading Halt and Resumption of Trading
ILC-25012022-00002
Kindly be advised that trading in HIBISCS? shares has been halted with effect
from 9.00 a.m., Tuesday, 25 January 2022. Accordingly, trading in structured
warrants relating to HIBISCS has also been halted at the same time. Trading in
the above securities will resume with effect from 10.00 a.m., Tuesday, 25
January 2022. Your attention is drawn to the Company's announcements dated 25
January 2022.
SVP, Issuers, Listing
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com

Limit up coming is it ? Ha ! Ha! Ha!

C'mon bunga raya give us ANG POW !!!!!

There is a * S sign showing.

I am trying to enter order just now, but get message on online trading platform

order entry for this counter is forbidden !!!

Why ???

Counter suspended ?

Pending announcement ?

Biden already said Russia sure invade ukraine. Little bit is o.k. If too much enter ukraine territory then big war may happen. Hopefully not lah. Big war everyone also lose something.

Kakijudi is like that lah. Ting Tong, sometime win sometime lose. But if can hold and not flip flop can win more than lose.

By the way i am happy to report excellent quarterly results at Pantech. Come and enjoy the show tomorrow. Hopefully both my horses can run fast and strong. My most beautiful horses named Pantech and Hibiscus.

Ha! Ha! Ha! nice !!!

They want to try and eat me little fish can wait forever. This little fish won't surrender one.

When they try to scare you, you show them stone face. Only then they takut from you. Mean while we just survive on nasi lemak. See the whale can survive for how long. Mati lah the whale from hunger.

I am talking about big whales in international waters, not our local little sharks.

This is a game of the deal makers. They will always try to make waves and confuse the small fish.

Actually the $10 drop in one day end of last year scared a lot of investors. Now when the price keeps going up, people still are hesitant to chase higher. So no support from retail investors. My guess is if the crude oil price can maintain for longer, investors will start to come in again. Then it will start to get hot, like really hot. Have to be patient.

Maybe kakibotol lah. More fun !!! Can try to forget the pain from Hibiscus.

Well done!! By the way who is this Tan Sri?

1 sen gain can buy tissue to wipe tears lah.

Wah ! Now just hit $89 !!!

Looks like I will have to get a bottle of minyak angin for my headache. Hibiscus move 1 sen ??? after Brent move from $84 to $88 !!!

Don't worry kingKong the race has just started. Before 5pm Hibiscus surely will cross 90 sen. If not I change name to minyak angin lah.

Kahhoeng When will the acquisition complete? Vietnam must give approval , if not cannot kaotim.

Today volcano meletup coming. If cannot cross 90 sen I change my name.

Omicron spreads fast and furious but does not bite hard like the previous variants. Demand should keep rising while supply cannot keep up. Many industries having manpower issues as people call in sick even with mild symptoms as they are required to do so. Which means oil production may get affected when fewer workers turn up for work at the oil fields. This type of labour cannot be replaced in short term. Need a lot of training to do the job. May cause more supply issues in the coming months. Just my guess. i could be wrong. I already hantam Hibiscus and Pantech. Best of luck to all investors here.

88 sen

No worries, next week fireworks coming.

You are right they do seem confident and very smart actually as they are taking their time to complete the acquisition, They have agreed to buy the assets but have not rushed into completing the deal. If they can extend the completion to mid 2022 even better. They should continue to build financial muscle so as to lower reliance on borrowing. I like their style.

Does look like that and it is not the first time happening. Give people hope then they cut loose, like layang putus tali.

How much do they need to borrow to pay for Repsol asset is the key question not answered as yet. Profits can only calculate after revenue increase less payment towards loan. So how much more can they make? Still an open question. I don't think it is so straight forward as to calculate profits just based on increased in production of barrels of oil. Correct me if I am wrong. Many acquisitions are usually followed by many years of struggle to pay borrowing costs. Especially in current uncertainty period where lenders are not willing to lend to petroleum industry. When money is made available it comes with much higher interest charges which will eat into profits. So apa macam??

Omicron akan jatuhkan harga minyak below $70.

Good to know she is doing better. Best wishes to the whole family. Nice family photo.

Ini hari boleh tidur lah. Ombak dah ta 'ada. Brent tak naik tak turun.

time to ride the wave

Lockdown here. lockdown there, wear glove do what? Korek lubang kah?

South African variant causing panic.

KingKong_Doll wish of Hibiscus at 70sen may come true. Then you buy kau kau lah.

After Biden-Xi meeting , crude oil price begin to drop. Next be careful of Iran nuclear meeting Nov 29th. Biden if kamcheng with Iran and lift sanctions so they can export crude, price may come down to $70 - $75 Barrel. Just my guess.