Year 2002? Didn't check or edit by writer or section panel or the person who posted it.., that showed their work ethics or attitudes...you want to believe him?.. Happy weekend...wakakaka
Hibiscus showing price moving up last few days even when oil drop from 80 USD to 78 USD. That is something very weird. normally Hibiscus tend to follow oil pirce movement. Only a few occasion its deferent.I think can start monitor this. Also need to monitor OPEC result on 4th October 2021.
IRR for repsol acquisition is about 3 yrs based on the USD 60 for FY21 and if not mistaken $55+ for FY22. With oil price at >$75, I think IRR is 1.5 years? Meaning, worst case scenario, by end of next year, they can pay off all.
It's just likes buying into a 99 yrs old leasehold hse which left only 15 yrs on it. Due to rental so good, within a year or 2, pay off ady and you get to reap the next 13 yrs rental. Ini macam punya acquisition also i want.
Oct 4 (Reuters) - Oil jumped to a three-year peak on Monday after OPEC+ confirmed it would stick to its current output policy as demand for petroleum products rebounds, despite pressure from some countries for a bigger boost to production. The producer club's decision to keep increasing oil output gradually sent prices sharply higher, adding to inflationary pressures that consuming nations fear will derail an economic recovery from the pandemic. read more OPEC+ agreed in July to boost output by 400,000 barrels per day (bpd) each month until at least April 2022 to phase out 5.8 million bpd of existing production cuts. Brent crude settled up $1.98, or 2.5%, to $81.26 a barrel. It rose 1.5% last week for a fourth consecutive weekly gain, and was back up to highs last seen in 2018.
U.S. oil settled up $1.74, or 2.3%, to $77.62 a barrel after gaining for the past six weeks, and was at its highest since 2014. "Given the demand picture and the outcome of the OPEC meeting, the overall sentiment around crude is bullish," said John Kilduff, partner at Again Capital LLC in New York. Demand for coal and natural gas has exceeded pre-COVID-19 highs with oil closely trailing, according to energy watchdog, the International Energy Agency. Three-quarters of global energy demand is still met by fossil fuels, with less than a fifth by non-nuclear renewables. OPEC+, which groups the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, has faced pressure from some countries to add back more barrels to the market as demand has recovered faster than expected in some parts of the world.
Four OPEC+ sources told Reuters recently that producers were considering boosting output by more than had already been agreed. read more The oil price rally has also been fuelled by an even bigger increase in gas prices, which have spiked by 300%, prompting switching to fuel oil and other crude products to generate electricity and for other industrial needs.
hibiscus rose by 4.14%, petron rose by 4.6% while hengyuan rose by 5.98% as if rising crude oil benefits refineries more than oil producer, what a BOLEH BURSA...
hibiscus was trading at a high of 74.5 when crude oil broke 70 a few months ago. Right now, crude oil is way above 80, and hibiscus is trading at 0.755, what base price are you trying to base???
Oooh, I see... I only invested in hibiscus, primarily believing that a rising crude may not necessarily benefit refineries as much as oil producer, cause refineries earn from crack spread (that I didn't follow) while oil producer earn from the difference between crude oil price (basically reported everyday) and it's cost of production (that's pretty much known).
Bought yesterday to replace Saprng but sold today! So basically made some contra gain but since divvy already announce, the euphoria will die down soon! Beside, oil price will go into correction soon!
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Posted by sheep > 2021-10-02 10:19 | Report Abuse
Year 2002? Didn't check or edit by writer or section panel or the person who posted it.., that showed their work ethics or attitudes...you want to believe him?..
Happy weekend...wakakaka