HIBISCUS PETROLEUM BHD

KLSE (MYR): HIBISCS (5199)

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Last Price

1.06

Today's Change

-0.04 (3.64%)

Day's Change

1.05 - 1.08

Trading Volume

12,726,700


64 people like this.

103,193 comment(s). Last comment by i3lurker 3 hours ago

BobAxelrod

5,629 posts

Posted by BobAxelrod > 1 week ago | Report Abuse

Still cannot breach 1.08...!! Right??????

Phoebe

160 posts

Posted by Phoebe > 1 week ago | Report Abuse

Cannot break 1.08, will it break RM1? Took opportunity to sell half yesterday to rebalance my cash vs equity ratio.

BobAxelrod

5,629 posts

Posted by BobAxelrod > 1 week ago | Report Abuse

Wise decision.....(but don't quote me)

Will not breach 1.10, not even in Jan 2023......
TAYOR

Posted by HafizAjiad98 > 1 week ago | Report Abuse

Permintaan minyak akan meningkat semasa menjelangi musim sejuk

TehBeng

54 posts

Posted by TehBeng > 1 week ago | Report Abuse

Benchmark Brent oil edged lower on Thursday while West Texas Intermediate (WTI) crude held steady, hovering in sight of two-month lows as the level of a proposed G7 cap on the price of Russian oil raised doubts about how much it would limit supply.

A bigger-than-expected build in US gasoline inventories and widening Covid-19 controls in China also added downward pressure on crude prices.

Brent crude futures were down 29 cents, or 0.3%, to US$85.12 a barrel by 15.15 p.m. ET (2015 GMT), while US WTI crude futures rose 2 cents, to US$77.96.

TehBeng

54 posts

Posted by TehBeng > 1 week ago | Report Abuse

Both benchmarks plunged more than 3% on Wednesday on news the planned price cap on Russian oil could be above the current market level.

European Union governments remained split over what level to cap Russian oil prices at to curb Moscow's ability to pay for its war in Ukraine without causing a global oil supply shock, with more talks possible on Friday if positions converge.

The G7 group of nations is looking at a cap on Russian seaborne oil at US$65-US$70 a barrel, a European official said, though European Union governments have yet to agree on a price.

derrtan

1,789 posts

Posted by derrtan > 1 week ago | Report Abuse

the current price might see breakthrough after SBB. if you notice now the oil price is consider week but still close to multiple month high. Either SBB or higher oil price will trigger the breakout.

Posted by HafizAjiad98 > 1 week ago | Report Abuse

Berita yang akan membawah kesan negatif terhadap harga minyak...

https://www.ft.com/content/5bb62f19-a7c6-4e0d-9c6e-26fa50632cbb

Phoebe

160 posts

Posted by Phoebe > 1 week ago | Report Abuse

Wow...oil drop to US83? Wondering will it test $80 in short terms

Posted by Adam92Rosli > 1 week ago | Report Abuse

Oil jumped on Tuesday, buoyed by hopes that China would relax its COVID-19 controls after rare protests against the country's zero-COVID strategy over the weekend in big Chinese cities.

Brent crude futures advanced $1.4, or 1.7%, and traded at $84.57 a barrel at 0645 GMT. U.S. West Texas Intermediate (WTI) crude futures rose $1.17, or 1.5%, to $78.39 a barrel.

Posted by Adam92Rosli > 1 week ago | Report Abuse

China held a news conference on COVID prevention and control measures at 3 p.m. (0700 GMT) on Tuesday amid record COVID infections and protests in Shanghai and Beijing.

Asian shares also rallied as unsubstantiated rumours swirled that the unrest might prompt a loosening of the COVID restrictions. Similar rumours have caused markets to zig-zag in recent weeks.

The rare street protests in cities across China over the weekend were a vote against President Xi Jinping's zero-COVID policy and the strongest public defiance during his political career, China analysts said. Beijing has stuck with the zero-COVID policy even as much of the world has lifted most restrictions.

Oil prices are also supported by the expectation that major oil producers would adjust their production plans at the upcoming meeting.

Posted by wallstreetrookieNEW > 1 week ago | Report Abuse

O&G Strategy Q1 2023
1. Short Hengyuan as mentioned two months ago
2. Long Hibiscus (O&G pure play) as well as Coastal Contract (O&G-adjacent play)
3. Small cap penny stock gamble (Velesto energy and RL [Reservoir Link])

Phoebe

160 posts

Posted by Phoebe > 1 week ago | Report Abuse

Hibiscus finally broke 1.08......good for hibiscus holder....

Posted by HafizAjiad98 > 6 days ago | Report Abuse

Nampaknya minyak dan gas hulu lebih baik daripada hiliran

ariffiin

24 posts

Posted by ariffiin > 6 days ago | Report Abuse

Hibiscus Petroleum Bhd has entered into its maiden long-term debt facility agreement with four banks — HSBC Bank Malaysia Bhd, Bank of China Malaysia Bhd, Industrial and Commercial Bank of China (M) Bhd and Standard Chartered Bank Malaysia Bhd — to raise US$120 million (RM533.7 million). The facility — comprising a US$99 million term loan and a US$21 million revolving credit facility — will be used primarily to drive organic growth plans for current producing and development assets as well as to fund working capital requirements.

Phoebe

160 posts

Posted by Phoebe > 6 days ago | Report Abuse

Good AGM. Great management. Kudos to them.

twynstar

310 posts

Posted by twynstar > 6 days ago | Report Abuse

Dr Kenneth answered most of the questions with confidence.

Very happy to see that. Will hold Hibiscus till 2026

derrtan

1,789 posts

Posted by derrtan > 6 days ago | Report Abuse

may i know anyone ask about share buy back?

zhangzuode

209 posts

Posted by zhangzuode > 6 days ago | Report Abuse

twynstar - recently? Appreciate link, thank you very much.

twynstar

310 posts

Posted by twynstar > 6 days ago | Report Abuse

AGM and EGM just finished. Hopefully management will upload the video or important points in website soon.

Posted by izoklse2022 > 5 days ago | Report Abuse

12th Annual General Meeting Presentation - Pursuing Stability Amidst Volatility

Video : https://www.youtube.com/watch?v=hdkympeixnk

Posted by raphaelchinn94 > 5 days ago | Report Abuse

OIL prices dipped in Asia trade on Thursday as uncertainty lingered ahead of Sunday's OPEC+ meeting, though easing COVID curbs at the world's top crude importer China capped price declines

Posted by raphaelchinn94 > 5 days ago | Report Abuse

Brent crude futures fell 43 cents, or 0.5%, to $86.54 per barrel by 0740 GMT, while U.S. West Texas Intermediate crude futures eased 42 cents, or 0.5%, to $80.13.

The benchmark oil contracts settled higher by over $2 on Wednesday amid a weaker dollar and optimism over Chinese demand recovery.

"The market remains uncertain about OPEC's decision, with some expecting a cut while others suggest a rollover of the current deal is more likely," ANZ research analysts said in a note on Thursday.

Posted by raphaelchinn94 > 5 days ago | Report Abuse

Crude inventories fell by 12.6 million barrels in the week to Nov. 25, higher compared with earlier analysts' expectations for a 2.8 million-barrel drop, according to the Energy Information Administration.

Nonetheless, gasoline and distillate inventories rose more than expected, an indicator of easing demand.

U.S. crude oil output also surpassed 12 million barrels a day, the highest since before the onset of the coronavirus pandemic, the EIA said.

Posted by HafizAjiad98 > 5 days ago | Report Abuse

Harga minyak kemungkinan besar akan naik balik ke USD 90

https://oilprice.com/Energy/Crude-Oil/Oil-Shoots-Up-On-Huge-Crude-Inventory-Draw.html

VFTRADER

785 posts

Posted by VFTRADER > 4 days ago | Report Abuse

As usual, world market might encounter correction in next 10 working days.

BUT no big deal for long term value and growth stock like Hibis.......

twynstar

310 posts

Posted by twynstar > 4 days ago | Report Abuse

Column: Is the U.S. shale oil revolution over?


U.S. production of petroleum and other liquids more than doubled to 19.5 million barrels per day in 2019 from 9.1 million bpd in 2009, according to the U.S. Energy Information Administration (EIA).

U.S. marginal production (+14.5 million bpd) captured nearly all the increase in global consumption (+14.8 million bpd) between 2009 and 2019.



https://www.reuters.com/markets/commodities/is-us-shale-oil-revolution-over-kemp-2022-11-22/

twynstar

310 posts

Posted by twynstar > 4 days ago | Report Abuse

Analysis: Energy hungry Europe can't look to U.S. shale to fill any OPEC gap


The sidelining of U.S. shale means consumers around the world may face a winter of higher fuel prices. Russia has threatened to block oil sales to countries supporting a European Union price cap, and the United States is winding down releases from emergency oil stockpiles that helped cool energy inflation.


https://www.reuters.com/business/energy/energy-hungry-europe-cant-look-us-shale-fill-any-opec-gap-2022-12-02/

twynstar

310 posts

Posted by twynstar > 4 days ago | Report Abuse

No capacity: Saudi Arabia cannot expand oil production beyond 13 million bpd


Saudi Arabia currently has a 12 million bpd nameplate oil production capacity, which it plans to expand by 1 million bpd by 2027 through a series of offshore incremental projects.


https://www.upstreamonline.com/production/no-capacity-saudi-arabia-cannot-expand-oil-production-beyond-13-million-bpd/2-1-1262005

twynstar

310 posts

Posted by twynstar > 4 days ago | Report Abuse

Adnoc to spend $150 billion in five years, advances 5 million bpd production target to 2027


Abu Dhabi National Oil Company (Adnoc) plans to spend $150 billion on capital expenditure in the next five years, as it prepares to advance its 5 million barrels per day of oil production capacity target to 2027 on the back of improved market fundamentals.


However, the emirate is said to be currently producing just over 3.1 million bpd, in line with output targets set by the wider Opec+ group.


https://www.upstreamonline.com/production/adnoc-to-spend-150-billion-in-five-years-advances-5-million-bpd-production-target-to-2027/2-1-1362534

twynstar

310 posts

Posted by twynstar > 4 days ago | Report Abuse

OPEC launches 2022 edition of the World Oil Outlook at ADIPEC


The world economy is expected to more than double in size, and the global population rise by 1.6 billion between now and 2045.


The world needs to annually add on average 2.7 million barrels of oil equivalent a day to 2045.


Globally, oil demand is projected to increase from almost 97 million barrels a day (mb/d) in 2021 to around 110 mb/d in 2045.

The global oil sector will need cumulative investment of $12.1 trillion in the upstream, midstream and downstream through to 2045, equating to over $500 billion each year.


https://www.opec.org/opec_web/en/press_room/7042.htm

Posted by izoklse2022 > 2 days ago | Report Abuse

Extraordinary General Meeting Presentation - 1 December 2022

https://www.youtube.com/watch?v=Ewc0D36lLCM

Posted by King_trader_shadow > 2 days ago | Report Abuse

Normally, if OPEC cannot increase 13bpd million a day then it's still a danger to the world oil supply.

Besids, waiting for the winter season to come then we shall see another round hike but let's see if inflation is letting this would happened.

fooming

7 posts

Posted by fooming > 2 days ago | Report Abuse

Goldman noted including the potential for lower demand in China, recession fears, and the European Union's embargo next week on seaborne imports of Russian oil.

Posted by goldmans > 2 days ago | Report Abuse

steady green

derrtan

1,789 posts

Posted by derrtan > 1 day ago | Report Abuse

what happend?

MoneyMakers

7,160 posts

Posted by MoneyMakers > 1 day ago | Report Abuse

Welcome to Dec 5 - EU oil ban!!!

Congrats to all Hib believers..keep the faith

P/s: excellent fundamentals with longterm oil bullrun + div (Jan 3) + share buyback incoming

KClow

584 posts

Posted by KClow > 1 day ago | Report Abuse

Coastal better hisbiskus share cap high. Hard to push up.
Coastal low

KClow

584 posts

Posted by KClow > 1 day ago | Report Abuse

Buy coastal not hibiskus

KClow

584 posts

Posted by KClow > 1 day ago | Report Abuse

Jus my.humble opinion . No amgry with me k..
Buy coastal

Posted by miracle_trader > 1 day ago | Report Abuse

or just buy both coastal and hibiscus.safer

Posted by HafizAjiad98 > 1 day ago | Report Abuse

Tapi volum Coastal tak banyak...

smshahrom

37 posts

Posted by smshahrom > 1 day ago | Report Abuse

haiyaaa drop again..why ya?

m3379

201 posts

Posted by m3379 > 1 day ago | Report Abuse

"Oil in red again as flying dollar, Fed uncertainty snuff Russia-led rally"

https://uk.investing.com/news/commodities-news/oil-in-red-again-as-flying-dollar-fed-uncertainty-snuff-russialed-rally-2847810

BobAxelrod

5,629 posts

Posted by BobAxelrod > 5 hours ago | Report Abuse

Need me to say it again...???

You are not supposed to breach 1.10....understand???

i3lurker

12,163 posts

Posted by i3lurker > 3 hours ago | Report Abuse

Oil is massively down due to

1) recession fears even if China opens up
2) Russia will pump more

might even hit Saudi breakeven 65

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