So far the extra shares from conversion of the CRPS at 48cents have not shown negative effects because of the continued rise in oil price. This initial tranche is only $200m. Target amount is $2B. For shareholders who qualify as sophisticated investors, better sell first while price is still good (Just keep a few lots ) and registered your interest for future batch of CRPS with the Hibiscus corporate office.
pada ku simple je, harga stable minyak between USD60 to USD65, above that hanya temporary issue, below that pon temporary issue, baik kita tunggu hibiscus new projects
Oil climbed after the release of better-than-expected European manufacturing figures, while the Suez canal remained blocked by a giant container ship.
Futures in New York were 2.5% higher. Efforts are continuing to refloat the ship that ran aground in the Suez Canal, its manager said. The vessel remains stuck, said an executive for port-agent services provider GAC, reversing an earlier statement that the container had been partially moved.
Crude was also buoyed by strong European economic data, with a record increase in factory output masking fresh concerns across the region about surging coronavirus infections.
Oil prices have sunk about 13% in less than two weeks amid softening physical demand and the unwinding of long positions. The prompt timespread for Brent has also flipped into a bearish structure for the first time since January. Crude’s recent plunge may put pressure on OPEC+ to do more to try and stem the slide, with the group meeting next week to decide on production policy for May.
“The impact on the oil market will be fleeting,” Kevin Solomon, analyst at brokerage StoneX Group, said of the Suez Canal blockage. “At $70 the futures market had risen too quickly, but with oil at $60 it is an opportunity to buy at much more attractive levels.”
The Suez Canal is frequently used by tankers transporting crude from the world’s top exporters in the Middle East to customers across Europe. The 400-meter (1,300-foot) long container-ship Ever Given’s hull became wedged lengthways across the canal on Tuesday, causing congestion.
See also: Suez Canal Blockage Set to Ripple Through Global Energy Market
Elsewhere, Germany canceled a planned five-day lockdown, potentially easing some concerns over demand. The overall picture in Europe remains bleak, however, with Polish cases hitting a record.
After holding Hibicus for 3.5 years get 0.005 dividends.
Sold half and move on to TOPGLOVE.
this pandemic will last for 5-10 years due to the mutation virus and better dividends from Topglove promised 50% of its profit. Just received 25.2 cents this week, and another 30 cents next 2QR each
Thanks for the sweet and bad memory to Hibicus. Oil up and down really hard to predict one . The OPEC can decide whatever they want....
Buy Topglove at least i know i will definitely make my money next decade
Despite the recent sell-offs in oil, investors are warming up to the energy sector, which bore the brunt of last year’s shock of crashing oil prices and oil demand. The energy sector has been the top performer in the S&P 500 index year to date, despite the price routs last week and earlier this week. Some exchange-traded funds (EFTs) tracking oil prices have surged since the start of 2021 as investors turned their attention to industries expected to benefit the most from the economic recovery. Energy is one of those, and analysts still see upsides for energy stocks and ETFs.....
The stage is set for crude’s rally “but the whole recovery trade got a little bit ahead of itself and oil got a little bit ahead of itself,” said Jay Hatfield, CEO at InfraCap in New York. “Once we get the real demand coming back, we can start to see prices heading to $70, $80 or even a superspike.
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bullmarket1628
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Posted by bullmarket1628 > 2021-03-21 12:28 | Report Abuse
Oil price continue it’s bull run !
Brent closed at $64.55 +1.27 +2.01%
Huat ah, Heng ah, Ong ah !