The agreement means the cartel will boost output by 400,000 barrels a day each month from August, continuing until all of its halted output has been revived. The deal will also give the UAE and several other countries higher baselines against which their production cuts are measured, starting in May 2022, according to a statement from the group.
I think brent is heading to test Jun low around ~71.5 and reverse, or even lower at 69 then reverse. Either way, hibi still makes good amount of money, right?
kaunter ni akan main area 60 - 65 sen jeee untuk tempoh sebulan dua ni kot, kecuali ada good news baru break 65 sen, klu minyak drop bawah 70usd mungkin akan break below 60 sen, jadikkkkk berhijrahlah ke kaunter minyak yg lain yg lebih aktif klu nak trading
oil stock will drop again... now become worst than b4... over supply due to low demand ... WHO already announce new wave will coming, SOON... no hope at all ... better swing b4 u loss ...
Hibiscus seems attractive at current price with oil price stand above $70. Demand shall outpace supply with more countries reopen economies in 2nd half of the year.
The big joke is hibiscus oil is traded in line with brent crude, nothing to do with politics, yet responding as if its against crude oil price or political linked
the convertible, if i were not wrong, is convertible at 0.40/share. If that's the case, the private placement is only to benefit those being chosen for private placement while the rest of shareholders taking the burden...
From what I understand, Hibiscus will not issue CRPS, private placement or right isssue for Repsol acquisition. There will no further dilution of current shares.
But Hibiscus might issue CRPS again if they plan to purchase another asset from other oil company.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
michaellee3
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Posted by michaellee3 > 2021-07-16 16:30 | Report Abuse
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