Posted by wattsy > 2 weeks ago | Report Abuse

Hibiscus would have had another great quarter. I anticipate above RM150mill PAT. Togheter with cash in hand Total deal already fully covered and NTA Will be way over RM5.. And revenue and profit already accruing evening though deal won't be finalised to sept/Oct it's already done. So the question is just when will it go up, not if. At some point very soon the shorters will get it.

Posted by investMyAxx > 2 weeks ago | Report Abuse

The price that build up from the past whole week get easily press down in one single day 🤣🤣🤣

Posted by Sangranghaeyo > 2 weeks ago | Report Abuse

Shorties win this round 😂

Posted by Six6thsense > 2 weeks ago | Report Abuse

Monitor closely. closely. No need to do anything.

Posted by ZoeZoe > 2 weeks ago | Report Abuse

Add when prices are low!

Posted by investMyAxx > 2 weeks ago | Report Abuse

Don’t buy the dip! It will fall below support prices! Chinese oil consumption is cutting down, a major factor in global demand. Oil exports show significant declines in the week. Showing Brent crude futures were down! Don’t buy the dip!

Posted by Six6thsense > 2 weeks ago | Report Abuse

Must monitor very closely. Closely

Posted by Six6thsense > 2 weeks ago | Report Abuse

10 years no open eat. Open eat 10 years

Posted by Apple4Oranges > 2 weeks ago | Report Abuse

It rebounds instead after you shouted don't buy the dip, investMyAxx 🤣

Posted by investMyAxx > 2 weeks ago | Report Abuse

Wait and see the game is not over yet

Posted by investMyAxx > 2 weeks ago | Report Abuse

Apple4Oranges I told u so 🤷🏻‍♀️

Posted by maps > 2 weeks ago | Report Abuse

whats wrong with this counter, all other oil counters moving up except hibiscus. Really disappointing

Posted by Six6thsense > 2 weeks ago | Report Abuse

Its ok. Bullish. If crash already crash. Not yet means will not

Posted by Apple4Oranges > 2 weeks ago | Report Abuse

Datuk feels current price is cheap, so he comes out and collect it

Posted by James_Bond > 1 week ago | Report Abuse

Cmon sell to papa!

Posted by investMyAxx > 1 week ago | Report Abuse

Don’t worry more dips to come 😂

Posted by soon9913 > 1 week ago | Report Abuse

https://klse.i3investor.com/web/blog/detail/bimbresearch/2024-07-17-story-h-156874101-Hibiscus_Petroleum_Berhad_ldquo_Acquisition_Mode_is_On_rdquo

Posted by soon9913 > 1 week ago | Report Abuse

Buy and hold only.. Oil price is high... Additional oil production in this Oct 24 (2Q25)...

Posted by kahhoeng > 1 week ago | Report Abuse

any acquisition or development that wouldn't benefit shareholders through better dividends or share price appreciation is garbage

Posted by investMyAxx > 1 week ago | Report Abuse

Oil Prices is gonna get f*ck after trump won the election 🤠

Posted by soon9913 > 1 week ago | Report Abuse

whether you like it or not oil price is firmly above usd80

Posted by soon9913 > 1 week ago | Report Abuse

kahhoeng still holding or sold at low price?

Posted by investMyAxx > 1 week ago | Report Abuse

Whether you like it or not if trump win the presidential election, he’s gonna increase oil production in US and lowering oil price just like last time he did, and not to mention China oil consumption is cutting down, due to the raise of EV and low in manufacturing PMI.🫢

Posted by investMyAxx > 1 week ago | Report Abuse

P.S. this stock is trash 🚮 🤷🏻‍♀️

Posted by kahhoeng > 1 week ago | Report Abuse

holding

Posted by investor77 > 1 week ago | Report Abuse

Bimb research TP for Hibiscus is RM 3.40.!!! Continuous Dividend given out every quarter at 2 cents each. High NTA and production is increasing. Further more, Brent Price quite stable at over USD 80/ boe. An undervalued share based on low PE and coming increased EPS.

Posted by Sangranghaeyo > 1 week ago | Report Abuse

P.S. It's a treasure then when it goes up 😆

Posted by dreamer > 5 days ago | Report Abuse

oil price drop 3% 😰

Posted by NESARAJAH1 > 3 days ago | Report Abuse

Where is the bottom. Everyday down

Posted by investMyAxx > 3 days ago | Report Abuse

Come on! buy more guys 😂 I said it will fall below support price, yet people keep coming out encouraged people to buy this trash 😂 must feeling dumb rn

Posted by greed123 > 3 days ago | Report Abuse

Better to invest in clean energy producers than dirty, even IB's are not interested this company.

Posted by soon9913 > 2 days ago | Report Abuse

yes that's why Hibiscus acquiring gas company , gas is clean energy

Posted by ZoeZoe > 1 day ago | Report Abuse

looks like Hibiscus shares just got DUMPED!

Posted by xyz99 > 1 day ago | Report Abuse

oh wow 24 year contract https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3467506

Posted by Six6thsense > 1 day ago | Report Abuse

Relax la

Posted by Ravetidus > 1 day ago | Report Abuse

therefore will go down further as oil prices are projected to downtrend for long period of time due to China weakness n potential Trump win

Posted by zhangzuode > 1 day ago | Report Abuse

Ravetidus - why Trump win will results in lower oil price? Thank you for your clarification.

Posted by Six6thsense > 1 day ago | Report Abuse

Chill. Heart like still water. See them play

Posted by investMyAxx > 1 day ago | Report Abuse

lol buyers are pushing the price up, sellers are pressing the price down 😂 who will win? My bets are on sellers 😂

Posted by Ravetidus > 1 day ago | Report Abuse

@zhangzuode, cause one of his policies if he wins is to make energy prices low, so he is going to help oil companies in US to pump as much oil as possible, to flood the market with oil inventory so to bring the price down

Posted by Ravetidus > 1 day ago | Report Abuse

@investMyAxx, ppl are buying on news, Petronas awards Hibiscus 65% PI but Petronas Carigali the remaining balance, why? most probably they need Hibiscus to fork out more $$$ for capex n investments

Posted by investMyAxx > 1 day ago | Report Abuse

@Ravetidus, so do u think Hibiscs acquisition mode is a good thing or bad?

Posted by NinjaInPyjamas > 1 day ago | Report Abuse

1. Hibiscus cost per barrel is definitely lower than Petronas. Means that Hibiscus production capabilty and efficiency is much much better than Petronas. Just like Puspakom Gross Profit and efficiency will be better if managed by local company.
2. Petronas need to pay a lot to F1, advertising, sponsorship etc and commit a lot of dividend to government, Hibiscus just pay shareholders a bit of dividend.
3. Lower oil price is good for Hibiscus and the world as it will encourage less capex on exploration. Compare the oil price and production qty at 2019 vs current qty and the USD/MYR.
4. US cheap and easy to reach 1st tier oil wells are depleting FAST, thus the stagnant production this year. 2nd tier wells are higher cost and need more capex, thus the drop in US oil rigs.
5. USD75-85 is the best oil price for Hibiscus

Posted by Ravetidus > 1 day ago | Report Abuse

@investMyAxx, i am neutral on this award, basically they need more money, taking into account they just did another acquisition, the risk here is the higher future Capex + recent acquisition (need to pay) coupled with unstable energy prices (oil and gas price)

Posted by twynstar > 23 hours ago | Report Abuse

What Would the Re-Election of Trump Mean for U.S. Energy?


U.S. oil production during Biden’s first year was higher than during either of Trump’s first two years in office. Experts suggest that is it economic factors and pressure from Wall Street that have deterred U.S. oil firms from significantly increasing production, which would likely be the same under another Trump government. While Trump would likely make oil leases more accessible, this would affect long-term oil production rather than immediate output.



The electric vehicles (EV) industry has grown rapidly under the Biden administration, supported by tax breaks and other financial incentives provided under the IRA. The U.S. is currently planning for a major shift away from internal combustion engine (ICE) vehicles to battery electric alternatives, supported by a huge investment in the country’s charging infrastructure. Meanwhile, Trump has regularly stated his opposition to EVs and would likely encourage automakers to slow their shift towards EV production to continue manufacturing ICE vehicles for longer.



https://oilprice.com/Energy/Energy-General/What-Would-the-Re-Election-of-Trump-Mean-for-US-Energy.html

Posted by wattsy > 20 hours ago | Report Abuse

Why would US oil companies suddenly start pumping more oil under Trump. So they can spend more to earn less?! It’s not in their interests. They are not out to develop or invest significantly more in oil fields. They, like other oil producers, want to make more money and do less. If that means lower production in the US whilst keeping expenses down and oil maintains or goes up I’m sure they’re happy as Larry ;) They like/paid Trump for his policies in favour of continued oil use as opposed to what he sees as significant/unjustified investment in renewables.

Posted by zhangzuode > 19 hours ago | Report Abuse

EVs while encouraged by Biden, was not at all successful in usa.

But it is very successful in China. And this success, coupled with wind and solar perhaps caused a dent in the consumption of fuel (petrol) leading to lower oil import.

Posted by Six6thsense > 18 hours ago | Report Abuse

One candle eat up all past 1 month being washed out. Kesian

Posted by Thiago > 2 hours ago | Report Abuse

There is a lack of understanding of what Hibiscus does - recently studied. Solid management, strategic and efficient method of extracting oil and natural gas from existing wells!!! Should be praised for their efforts ... not reflected in share price performance .... take dividend till kingdom cum!

Posted by James_Bond > 1 hour ago | Report Abuse

Congrats my comrades for following me to scoop hibiscus at the bottom! Cheers!