Posted by lloydlim > 2021-06-02 22:10 | Report Abuse

Exponential growth to be expected!

Posted by Miz Raya Bloom > 2021-06-02 22:15 | Report Abuse

3 ringgit mari

Posted by Godofgambler > 2021-06-02 22:19 | Report Abuse

Allucanbuy..... Don't come here...
Go back to your hole...
We dont welcome you here...

Posted by kokchengkai > 2021-06-02 22:20 | Report Abuse

Mayb another big announcement in tomorrow

Posted by AllYouCanBuy > 2021-06-02 22:23 | Report Abuse

@Xxxting Those words are copied and pasted from Google ( searched under ACQUISITION OF A COMPANY AND SHARE PRICE).

Suspended for more than a fews days doesn't sound too optimistic to me. Anyway it is too early to talk, Tuesday is still far away.

Google may not be correct all the time.

Posted by Godofgambler > 2021-06-02 22:23 | Report Abuse

Wow only 212million to take over the business....
Not bad...

Posted by HIGHCHAPERAL > 2021-06-02 22:50 | Report Abuse

Please do keep in mind that among all the O&G companies, HIBISCUS is the best managed. I wont be surprised if they over-take petronas one day! Why should HIBISCUS price go down on Tuesday opening? It will go down only if oil prices tumble again. Looks like oil price will not see US$69 or below anymore.

Posted by SBHeng > 2021-06-02 22:56 | Report Abuse

.....ok, next week buy. Good luck

Posted by kakiminyak > 2021-06-02 23:42 | Report Abuse

Bidding for these assets was done months ago when crude price was much lower. Looks like positive news to me. The reserves they are acquiring is about 70 million barrels. At U.S. $212 million , it works out to about 3 dollars per barrel. Tell me this is too much. Ha ! Ha !
Look forward to a nice opening on tuesday.

Posted by kakiminyak > 2021-06-02 23:44 | Report Abuse

By the way as we speak crude oil price continues to rise. Already at $71 now. Ho ! Ho ! Ho !

Posted by derrtan > 2021-06-02 23:50 | Report Abuse

Totally agreed. With the current oil price at 2 years high...i can't see how this could be bad news.

Posted by Bullrunrun > 2021-06-03 00:14 | Report Abuse

Oil price up Hibicus up
Oil down Hibicus down

Posted by izoklse > 2021-06-03 00:14 | Report Abuse

More recently, Exxon Mobil Corp had put up its Malaysian assets for sale, with sources pegging the price tag at between US$2 billion and US$3 billion.

Exxon Mobil is reported to have shortlisted as many as three companies, including Hibiscus Petroleum Bhd and London-traded EnQuest Plc, while others speculated that PTTEP was also in the mix. More recent market banter has it that Hibiscus is leading the pack.

There seems to have been some delays, as Exxon Mobil was slated to announce the winner of the bidding late last year. The announcement was then said to have been pushed to end-February this year. So far, there has been no news on who the winner is.

This is another potential acquisition by Hibiscus within Q3 or Q4 this year.

Posted by drobertp40 > 2021-06-03 00:46 | Report Abuse

The company is in good hands - highly qualified people. What puzzles me though is that it keeps on acquiring new fields when the trend is towards green energy. Further, when u buy fields it incurs cost which is passed on to stockholders who see at least short term drop in stock price due to less profit. Then, by the time all the fields pump so much oil, the demand for oil goes down as expected due to focus on green energy. I see another 'glove' counter in the making. Hope I am wrong.

Posted by kakiminyak > 2021-06-03 01:36 | Report Abuse

Don't worry green energy does not mean end of oil. The world is actually going to face a shortage of crude oil for many years to come. Read the following report by expert research.
The world will not have enough oil to meet demand through 2050 unless exploration accelerates.
https://www.rystadenergy.com/newsevents/news/press-releases/the-world-will-not-have-enough-oil-to-meet-demand-through-2050-unless-exploration-accelerates/

Posted by bullmarket1628 > 2021-06-03 06:47 |

Post removed.Why?

Posted by Xxxting > 2021-06-03 07:15 | Report Abuse

limit up or limit dwn next week?

Posted by pea3034 > 2021-06-03 08:31 | Report Abuse

kakiminyak dont tell about 2050 u fikir skg how make money

Posted by avocado123 > 2021-06-03 08:40 | Report Abuse

still suspended

Posted by kakiminyak > 2021-06-03 08:55 | Report Abuse

Making money is not in my hands. Just pray for good luck.

Posted by Miz Raya Bloom > 2021-06-03 08:56 | Report Abuse

mungkin ada news baru belum keluar lagi

Posted by calvin5025 > 2021-06-03 09:05 | Report Abuse

gg suspended again

Posted by Miz Raya Bloom > 2021-06-03 09:10 | Report Abuse

kakiminyak smlm ku nanya kawan O&G, dia kata memang repsol talisman, murphy oil tu bila dah cantik mereka jual buat profit sikit

Posted by Bleh > 2021-06-03 09:13 | Report Abuse

Bursa Securities has approved the aforesaid application and trading in the securities of the Company will continue to be suspended from 9.00am on Thursday 3 June 2021 until 5.00pm on Friday 4 June 2021.

Posted by Miz Raya Bloom > 2021-06-03 09:18 | Report Abuse

kalau masih suspend tu mesti ada news baru belum keluar

Posted by Patienceandwin > 2021-06-03 09:23 | Report Abuse

Wah suspend so many days , good news coming ! Rocket

Posted by vinc3362 > 2021-06-03 09:29 | Report Abuse

Miz Raya Bloom 3 ringgit mari

In the past, I laugh at above target price, but now, a possible scenario over the mid term.

If Repsol deal go through and Brent continue moving North to RM 80 or even higher, how much is Hibiscus worth? With > 30K bpd production per day, how much is the profit?

Posted by 754232 > 2021-06-03 09:37 | Report Abuse

Will open rm1

Posted by zamsaham > 2021-06-03 09:39 | Report Abuse

last 47 messages are laughable. zero knowledge on hands, yet comments about this and that.
strange

Oil is here to stay at least for next 50 years,
green energy my arse

Purchase seems cheap as it comes with bad debts. Get it?

Based on my ancient calculator, it will take about 20-22 months to breakeven and profit all over thenafter.

Posted by Miz Raya Bloom > 2021-06-03 09:39 | Report Abuse

vinc pada ku company in rajin cari the right opportunity so nak 5 ringgit pon bole
kikiki

Posted by sampooler > 2021-06-03 09:41 | Report Abuse

Keep this atock for another 2 months.. this is the black horse. The oil will continue up until august. which may touch usd80 at that time. No matter how the revert is very minimum. Just keeeeeep. HOLD

Posted by Miz Raya Bloom > 2021-06-03 09:42 | Report Abuse

repsol tu confirmed sbb semalam ku baca rata2 online ada, local and international news, tak tau apa news baru nak keluar lagi, kita tunggu, fingers cross

Posted by pampers > 2021-06-03 09:47 | Report Abuse

suspend until June 4, so next week Monday resume trading, alamak, miss the oil trend this few days lo

Posted by superman87 > 2021-06-03 10:12 | Report Abuse

why need to suspend so long? oil price keep going up, ah...

Posted by pea3034 > 2021-06-03 10:56 | Report Abuse

ini lah masalahnya bila harga minyak niak ia suspended bila harga turun baru ia buka semula ,jadi harga saham sama sja masa ia bila dibuka .kita tak dapat apa pun ,jgn mimpi siang ia

Posted by sampooler > 2021-06-03 11:11 | Report Abuse

Sabarlah... Isnin terus naik 30 sen

Posted by kakiminyak > 2021-06-03 11:11 | Report Abuse

Miz Raya Saya rasa untuk bayar tunai asset baru ini mungkin Hibiscus akan jual syer (fund raising exercise). So buat sementara mungkin mereka ini sedang buat persiapan berapa syer dan pada harga yang sesuai baru buat press release. Itu lah saya rasa sebab suspend dekat satu minggu. Mula trading pada June 08 nanti.

Posted by kakiminyak > 2021-06-03 11:16 | Report Abuse

Lagi best kalau minggu depan harga minyak cecah peringkat $75 se tong. Bunga raya akan bloom nanti. He ! He !

Posted by Miz Raya Bloom > 2021-06-03 11:43 | Report Abuse

padaku ada baiknya mereka jual yg australia punya tu, takat lesen je rasa macam tak berbaloi

Posted by mitchu > 2021-06-03 12:24 | Report Abuse

Kauter suspended sebab dia nak cari syndicate spore to push up the price

Posted by meistsk3134 > 2021-06-03 12:40 | Report Abuse

buy sell, hibi sudah dulan u all useless

Posted by Davidl > 2021-06-03 13:06 | Report Abuse

Time to accumulate!

Posted by SiuZizi > 2021-06-03 13:42 | Report Abuse

Isnin cuti lagi

Posted by keown83 > 2021-06-03 13:46 | Report Abuse

no worry for this counter..for a technical side, this counter have potential due to its current news & at the same time brent oil already breakout 52 weeks high, due to history, there's a potential for brent oil to gain around 50% in coming weeks, do does O&G counters which most likely due to previous history will follow

Posted by keown83 > 2021-06-03 13:46 | Report Abuse

afterward

Posted by kokchengkai > 2021-06-03 14:15 | Report Abuse

IRAN BAKAR KILANG MINYAK LAGI SEMALAM... BRENT OIL GOING TO USD 75 LOR..
CIMB HELP SELL HIBISCUS PREFERENCE SHARE MANYAK LAKU OOO

Posted by HeLLo Cannot (=^x^=) > 2021-06-03 14:27 | Report Abuse

Monday limit down X_X

Posted by DJThong > 2021-06-03 17:04 | Report Abuse

Production doubles. It’s a complimentary asset both pipe to LCOT. Just wait for better numbers

Posted by DragonG > 2021-06-03 17:28 | Report Abuse

Likely is triple...^ ^

Posted by kahhoeng > 2021-06-03 17:52 | Report Abuse

if hisbicus can borrow to acquire these assets, coupling with rising crude price, surely hibiscus will fly Tuesday. If it's to be financed through new share issuance, the whole deal may not be so palatable.