Posted by bullmarket1628 > 2022-07-30 11:06 | Report Abuse

Oil up over $2 per barrel as hopes fade for OPEC+ supply boost

By Laila Kearney. 30-7-2022

https://www.reuters.com/business/energy/oil-prices-rise-tight-supply-attention-turns-opec-meeting-2022-07-29/

NEW YORK, July 29 (Reuters) - Oil prices settled up more than $2 a barrel on Friday as attention turned to next week's OPEC+ meeting and dimming expectations that the producer group will imminently boost supply.
Brent crude futures contract for September, which expire on Friday, jumped more than $3 a barrel during the session and then pared gains to settle at $110.01 a barrel, up $2.87, or 2.7%. The more active October contract was up $2.14, or 2.1%, at $103.97.
U.S. West Texas Intermediate (WTI) crude futures settled at $98.62 a barrel, rising $2.20, or 2.3%, after jumping more than $5 a barrel.

Posted by bullmarket1628 > 2022-07-30 11:19 | Report Abuse

Hibiscus has tripled oil production - Koon Yew Yin

Publish date: Fri, 29 Jul 2022, 11:57 AM

https://klse.i3investor.com/web/blog/detail/koonyewyinblog/2022-07-29-story-h1627028513-Hibiscus_has_tripled_oil_production_Koon_Yew_Yin

Hibiscus Petroleum Bhd along with its subsidiaries is engaged in exploration and development of oil and gas. It has operations in Middle East, Norway and Oceania regions.
Repsol S.A. is a Spanish multinational energy and petrochemical company based in Madrid. It is engaged in worldwide upstream and downstream activities.
The company announced on 1st June 2021 that it has agreed to sell its operated assets in Malaysia and in Block 46 CN in Vietnam to Hibiscus Petroleum.
Hibiscus Petroleum Bhd said on Tuesday (Jan 25) that its indirect wholly-owned subsidiary Peninsula Hibiscus Sdn Bhd had successfully completed the acquisition of the entire equity interest in Fortuna International Petroleum Corporation (FIPC) from Repsol.
Hibiscus Petroleum noted in a statement that out of the purchase price of US$212.50 million (about RM890.06 million), the net amount paid at completion was US$123.65 million after taking into account various adjustments, including the deposit paid of US$15 million.
The company also made the following announcements:
Hibiscus expects threefold increase in o&g output due to Repsol deal (Repsol Exploración, S.A)
Repsol Asset Acquisition: Completed the trans formative acquisition on 24 January 2022. Assets are expected to almost triple the Group’s net daily oil, gas and condensate production.
New Group Vision and Mission: Aim to achieve target production of 35,000-50,000 boe/day.
Hibiscus Petroleum has good profit growth prospect and undervalued based on 2 factors:
1 Acquisition of Rapsol assets in Malaysia and in Block 46 CN in Vietnam to Hibiscus Petroleum.
2 Due to the Ukraine-Russia conflict, oil and gas prices are surging up higher and higher as shown on the chart below.

Hisbiscus reported EPS 15.32 sen for the quarter ending March and EPS 2.42 for its previous quarter ending December 2021. Its next quarter ending June should be much better because of its new acquisition of Rapsol’s assets and the increased oil production due to the Ukraine war.  When the company announces its result before the end of August its share price should shoot through the roof.

Posted by SengGor1011 > 2022-08-01 14:17 | Report Abuse

continue climbing Dayang woohoo

Posted by Paul5838 > 2022-08-19 14:43 | Report Abuse

Today Dayang reports Q2 results with profit Rm59 Millions. As such Kenanga upgrades target price to Rm1.30. Expect Q3 onwards to post even better results.

Also, crude oil price is also making a comeback. To hit USD140? :p :)

Target price should keep on rising in the months ahead!

:))

Posted by rr88 > 2022-08-19 15:49 | Report Abuse

Dont get tricked by qr.
Get out now at breakeven or 1 - 2 cents loss rather than 10 cents loss. Bcause it will retreat to 0.95.

If it was good it wud not stagnant. It wud hv uptrending intraday.

Sell!

Posted by bullmarket1628 > 2022-08-23 11:58 | Report Abuse

Wow, Fantastics !

Now Hibiscs already traded at=>
0.965 (+0.065)(+7.2%) !



Heng ah, Ong ah, Huat ah !

Posted by Kimly2 > 2022-08-25 10:23 | Report Abuse

After sold then price start breakout moving forward.
u miss a boat again VenFx

Posted by nicky > 2022-08-25 20:53 | Report Abuse

Dayang... Going to touch RM 1.40 soon???

Posted by Paul5838 > 2022-08-30 09:16 | Report Abuse

rr88, I am holding for medium to long term. Even when crude oil touches USD125. I would make a tidy sum. :))

Posted by bullmarket1628 > 2022-09-03 07:29 |

Post removed.Why?

Posted by param1 > 2022-09-06 15:39 | Report Abuse

waaaaaaaHHHHH

Posted by bullmarket1628 > 2022-09-08 10:32 | Report Abuse

Great! Brent oil now is up +USD$0.58
Waiting for my good news on my tommorrow morning’s update on Brent oil ya !

Heng Ah, Ong Ah, Huat Ah !

Posted by bullmarket1628 > 2022-09-09 06:17 |

Post removed.Why?

Posted by bullmarket1628 > 2022-09-12 12:19 |

Post removed.Why?

Posted by Michael Kwok > 2022-09-20 21:53 | Report Abuse

Price 1.12
Will tank below 90 cents.if stock market get worst below 70 cents.
20/9/2022 9.52pm

Posted by mf > 2022-09-21 05:52 | Report Abuse

Dow Jones

Dow Jones Industrial Average

30,706.23

-313.45

1.01%

Nasdaq

NASDAQ Composite

11,425.05

-109.96

0.95%

Posted by param1 > 2022-09-21 17:44 | Report Abuse

WAAAAAAHH

Posted by cK1973 > 2022-09-23 17:51 | Report Abuse

RHB kasi dia 153 ka...
banyak tinggi...
berani masuk ka????

Posted by bullmarket1628 > 2022-09-26 17:30 | Report Abuse

Tommorrow once the Donbast referendum being passed, then Russia will annexed those 4 Donbast regions from Ukraine, then will start war between Russia and Europe, then oil price will spike up to above USD $120 again !

Then all the O & G counters will spike up to sky high especially Dayang's price will break above RM1.50

Heng ah, Ong ah, Huat ah !

Posted by bullmarket1628 > 2022-09-27 18:28 | Report Abuse

Russia's war in Ukraine is at a dangerous tipping point
Analysis by Nick Paton Walsh, CNN
Updated 1:49 AM EDT, Tue September 27, 2022

https://amp.cnn.com/cnn/2022/09/27/europe/putin-binary-moment-russia-ukraine-war-tipping-analysis-intl/index.html

Kramatorsk, Ukraine(CNN) The chaos of the past week might be incorrectly comforting. Despite Russia's continued disastrous handling of its war of choice in Ukraine, the conflict's most dangerous moment may be nearing.
At some point this week, the Kremlin will likely declare that "sham" referendums in four partially occupied areas of Ukraine have delivered a mandate for their swift assimilation into what Moscow calls Russian territory…

Posted by bullmarket1628 > 2022-09-27 18:31 | Report Abuse

Latest news from CNN…
A war between Russia & USA/Europe will be ignited anytime from now if the ‘Sham’ referendum results is in favour to russia (of course is a sure guranteed passed results created by Russia), So, since russia will use this results by annexed 4 Ukraine’s regions and as an excuse for them to publicly giving mandate to them to sending millions of troops to based the stations permanently into this 4 regions,
then a new World War III cannot be avoid and will happened anytime from now already !

Then the Oil price definitely will immediately shooting up to sky high !

And then all the O & G counters definitely will follow to spike up like mad already !

Posted by bullmarket1628 > 2022-10-04 07:59 |

Post removed.Why?

Posted by fregend > 2022-10-04 11:22 | Report Abuse

Not good wish for war

Posted by bullmarket1628 > 2022-10-05 07:07 |

Post removed.Why?

Posted by bullmarket1628 > 2022-10-05 07:32 | Report Abuse

Oil prices could soon return to $100 as OPEC+ considers ‘historic’ cut, analysts say
PUBLISHED MON, OCT 3 2022 6:43 AM EDT

Lee Ying Shan @LEEYINGSHAN
Sam Meredith @SMEREDITH19

https://www.cnbc.com/amp/2022/10/03/opec-oil-prices-could-soon-return-to-100-a-barrel-analysts-say.html

KEY POINTS
* OPEC and non-OPEC producers, a group often referred to as OPEC+, will meet in Vienna, Austria on Wednesday to decide on the next phase of production policy.
* The oil cartel and its allies are considering an output cut of more than a million barrels per day, according to OPEC+ sources who spoke to Reuters.
* "The OPEC ministers are not going to come to Austria for the first time in two years to do nothing. So there's going to be a cut of some historic kind," said Dan Pickering, CIO of Pickering Energy Partners.

Posted by bullmarket1628 > 2022-10-06 07:57 |

Post removed.Why?

Posted by bullmarket1628 > 2022-10-06 07:59 | Report Abuse

White House Disappointed With OPEC’s ‘Shortsighted’ Decision
By Charles Kennedy - Oct 05, 2022, 12:00 PM CDT

https://oilprice.com/Energy/Energy-General/White-House-Disappointed-With-OPECs-Shortsighted-Decision.amp.html

A White House statement following the OPEC+ decision to defy the Biden administration with an output cut for November vows to find new ways to temper OPEC’s control over energy prices. 

Earlier on Wednesday, members of OPEC+ said they would cut November production quotas by 2 million bpd, citing the “uncertainty that surrounds the global economic and oil market outlooks”. 

The decision immediately led to a more than 2% increase in Brent crude and WTI prices and goes directly against the Biden administration’s attempts to lobby Saudi Arabia for higher production to bring prices down. 

Shortly after the release of an OPEC+ press release detailing the output cuts, the White House said, “In light of today's action, the Biden Administration will also consult with Congress on additional tools and authorities to reduce OPEC's control over energy prices.”

Posted by bullmarket1628 > 2022-10-06 08:00 | Report Abuse

OPEC+ agrees deep oil production cuts, Biden calls it shortsighted
By Ahmad Ghaddar, Alex Lawler and Rowena Edwards
October 6, 2022 4:33 AM GMT+8Last Updated 17 min ago

https://www.reuters.com/business/energy/opec-heads-deep-supply-cuts-clash-with-us-2022-10-04/

VIENNA/LONDON, Oct 5 (Reuters) - OPEC+ agreed steep oil production cuts on Wednesday, curbing supply in an already tight market, causing one of its biggest clashes with the West as the U.S. administration called the surprise decision shortsighted.
OPEC's de-facto leader Saudi Arabia said the cut of 2 million barrels per day (bpd) of output - equal to 2% of global supply - was necessary to respond to rising interest rates in the West and a weaker global economy..

Posted by bullmarket1628 > 2022-10-08 07:39 |

Post removed.Why?

Posted by cK1973 > 2022-10-12 17:38 | Report Abuse

cantik ......
tunggu at 95 dulu....
c u there ....

Posted by syahmir > 2022-10-26 14:14 | Report Abuse

nice, gain already lol.

Posted by joyvest > 2022-10-26 15:28 | Report Abuse

what the hell is going on?

Posted by MoneyMakers > 2022-10-29 14:43 | Report Abuse

High oil price environment - top pick 4 many IBs

Posted by King_trader_shadow > 2022-10-30 07:10 | Report Abuse

Why dayang is better than Hib? I really wonder how

Posted by starhock > 2022-10-30 15:19 | Report Abuse

1.50 coming

Posted by Vicky > 2022-10-31 11:16 | Report Abuse

Becareful. We are in a brink of recession. Oil will slide and caught in a trap. GE15 will cause another slide

Posted by MoneyMakers > 2022-11-01 10:30 | Report Abuse

Dayang benefit petronas higher capex (more proj/service)

Hib benefit high oil price (upstream oil producer)

Both excellent fundamentals

Posted by hng33 > 2022-11-02 15:16 | Report Abuse

bought Dayang at 1.21

Posted by hng33 > 2022-11-07 16:27 | Report Abuse

add all balance capital to Dayang at 1.22-1.24

Posted by hng33 > 2022-11-11 14:58 | Report Abuse

Coming Q result, Dayang will report very excelent result due to ramp up asctivities and higher vessel utilization

Posted by MoneyMakers > 2022-11-11 16:04 | Report Abuse

Start week strong but weak ending

Need catchup with Hib/Armada

Posted by hng33 > 2022-11-14 12:03 | Report Abuse

Foreign fund is buying.

Posted by 8u29song > 2022-11-15 09:36 | Report Abuse

FIL ASIA HOLDINGS PTE. LIMITED 20/10/2022 Acquired 58,600,100

Posted by 8u29song > 2022-11-15 09:37 | Report Abuse

EMPLOYEES PROVIDENT FUND BOARD0 9/11/2022 Acquired 259,000 -
2. 09/11/2022 Acquired 210,000

Posted by Vicky > 2022-11-15 14:21 | Report Abuse

Too late. Global O

Posted by Vicky > 2022-11-15 14:22 | Report Abuse

EPF will loose money soon like in Serba Dinamik

Posted by syahmir > 2022-11-15 19:51 | Report Abuse

So slow

Posted by 8u29song > 2022-11-17 09:29 | Report Abuse

good QR maybe....

Posted by zeroxweng > 2022-11-17 19:12 | Report Abuse

Good...3 consecutive quarter improving in both revenue and net profit

Posted by Paul5838 > 2022-11-18 08:06 | Report Abuse

Dayang Enterprise announced 3Q results. Cumulative profit of Rm 100+ millions. Earning per share shot up to 9+sen. Declaring single tier interim dividend Rm0.015.

Target price going to be raised to Rm1.50 now?
Now trading at Rm1.28.
Recent intraday high is Rm1.30.