hibi was trading at 80c to 1.00 when the OG price at 60++ on precovid time and it was 10k less in production... with current OG price..easily a 80c counter..
Now, sharks are panicking, finding ways to collect at the bottom, if you don’t cheap sell your tickets, the sharks can’t get cheaper tickets anymore, sharks hv to buy at higher price! Haha!
Predict all you want , this is an example of value trap stock, so what if got nice quarterly report? Always dilution... Jump to recovery stocks like genm.
Where is the dividend after all these years? Still want to keep profit, expand via dilution and finally takeover after profitable? Someone is playing both sides
Who are Ongth60, keep on shouting value trap!? Thank you for cheering us up in the midday of trading!
Do you need petrol to pump your car, else how you drive the car?! Oh yes, you may not hv a vehicle, sorry, whatever public transport needs oil/ petrol to operate it.
The electricity that you use daily, generated from oil/ petrol/ charcoal.
The alcohol rub that you use to clean your hands, are derivative of oil!
The plastic/ container that you use to tabao food, all derivatives of oil! Some parts of your computer, your phone, your TV/ Astro decoder, your T shirt, Pants, even your smelly underwear, are derivative of oil!
Oil industry is the key of development without which you will live in Stone Age! Whoever control the oil, you win the wealth of the world! Brunei Sultan is one of the near to home examples!
Even KYY also agreed on it and hv done many research with regards to oil industry and posted many good articles on hibiscus!
Goldman Sachs, (NYSE:GS), has recently called for $65 Brent by mid-year. With the narrow spread ($2-3.00) between Brent and WTI in recent times, this would put WTI into the low $60’s. Goldman's global head of commodities research, Jeffrey Currie, said in a note that accompanied the report-
“With vaccines being rolled out across the world, the likelihood of a fast tightening market from 2Q 2021 is rising as the rebound in demand stresses the ability of producers to restart production."
Supply more than demand, some more OPEC members need to cut the production supply quota, when price up, everyone will try to pump more, then supply will be even higher, price will fall again, rinse and repeat...
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apple168
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Posted by apple168 > 2021-02-09 09:30 | Report Abuse
Top up again... nice!