Posted by qqq33333333 > 2020-04-10 22:58 | Report Abuse

so long...............but I bet u....the business model of Hibiscus never anticipated oil at US$ 30 per barrel.............

Posted by firehawk > 2020-04-10 22:58 | Report Abuse

Very long .... so, what is the cost/bll? USD42?

Posted by moumouren > 2020-04-10 23:05 | Report Abuse

Yes firehawk... Their estimated breakeven cost is about $42/bbl

Posted by probability > 2020-04-11 01:24 | Report Abuse

thank you

Posted by Targeted > 2020-04-11 02:21 | Report Abuse

Thx moumouren

Posted by Sslee > 2020-04-11 09:04 | Report Abuse

Haha qqq3,
Your good friend KYY cut win/cut loss on Dayang to fight another day
So when will you cut loss Kpower and Scib to fight another day?

Posted by Sslee > 2020-04-11 09:06 | Report Abuse

And by the way is Karim take Kpower and Scib to Qatar or to Holland?

Posted by qqq33333333 > 2020-04-11 13:09 | Report Abuse

well..................Dayang wait for rebound to $ 1.40 to sell is very smart already................

Posted by Sslee > 2020-04-11 13:38 | Report Abuse

Haha qqq3
Kpower and Scib from below 1 wait rebound to close to 2 to sell also very smart move, otherwise you will be trapped for many years.

Posted by qqq33333333 > 2020-04-11 14:19 | Report Abuse

ss

vitrox, Kpower , scib.....people are paying for competence.....makes more sense than paying for cu.nt teasing dead shares.

Posted by firehawk > 2020-04-11 15:01 | Report Abuse

@moumouren About 1 yr ago, i read bursa announcement, the management said their cost is around USD51 (not sure I can remember accurately), if u r doing research, maybe this is a source of info too. (I'm not interesting in this ctr at the moment, thus, i'm lazy to check)

Posted by kalteh > 2020-04-11 18:27 | Report Abuse

Detailed write-up and I have one query.

Your table 1 shows, should I ignore Hibiscus EBITDA in red? because it seems like the losses increase as exchange increase (RM depreciates) which shouldnt be the case?

Posted by espionne > 2020-04-11 20:45 | Report Abuse

very details and thorough analysis, thanks you

Posted by klsetitan > 2020-04-11 21:10 | Report Abuse

very detailed analysis, thank you for that great effort.

Posted by stncws > 2020-04-12 00:35 | Report Abuse

even reduced production. prices will not up...becos no demand !

Posted by qqq33333333 > 2020-04-12 00:52 | Report Abuse

ed by stncws > Apr 12, 2020 12:35 AM | Report Abuse

even reduced production. prices will not up...becos no demand !
=========


well........the supply demand equalibrium will come back in a couple of months.........


currently 3 months oil has a $10 premium over 1 month oil............

Posted by moumouren > 2020-04-12 11:38 | Report Abuse

@kaiteh yes the losses increase as exchange rate increase... because the losses in USD is magnified by the higher exchange rate

Posted by moumouren > 2020-04-12 11:38 | Report Abuse

@firehawk thank you for the info

Posted by Moneymore > 2020-04-25 01:45 | Report Abuse

Looks like next QR will have big impairment at this low oil price. It is amother painful year ahead.