Why i3 are full of people like DickyMe3? What he owns, he cheers up the price. What he doesn't, he wishes the price to fall. The answer is very simple actually. These are the majority of people in our society. Only that in real life they won't tell it to your face but in their heart. Only behind the veil of keyboard, you can truly appreciate the vile of mankind
I am long term (gonna hold more than 5 years unless some unprecedented events happened) in Hibiscus. First time i owned this stock was when it bought Shell's Sabah assets at a bargain. Average cost RM0.40 and sold at RM1. Looking back, i should have hold longer then. Hopefully lesson learnt. Now, without Repsol acquisition, Hibiscus is already worth RM1 at average USD60-70 oil price. It's the Repsol that prompted me to acquire more Hibiscus and i have owned Hibiscus since the announcement at average 0.71 cost then. My company has dealing with Hibiscus. I would say overall it's a cost effective and efficient operator. Otherwise, their opex won't be so low. Chart wise, after Hibiscus broken 0.785, the next range should be 0.80-0.90 already. The probability of that happening is high. Even if not, i ain't worry cos i know it's worth. Be an investor and not trader who cares about daily fluctuations. You wanna gamble, go Genting. Which i foresee i can visit end of Oct. Cheers
Many would be skeptical about O&G counters because they argue that we are going into green energy. Yes, indeed that's the future and for the sake of my kids, that should be the direction. However, what people don't realise is that the journey towards green energy could only prop up energy prices. That would be the case until our world could find an efficient green energy source. For such technology to mature, that's another 20 years away at least.
I am not an accountant but businessman. The only financial valuation i know is PE. When i acquire properties, how i know it's a good buy? I look at what other similar properties are selling. If below market average, no need think just buy. My only loss making property investment is in Australia and that's because i bought just based on trust and didn't do my research. Mistake learnt. I expect Hibiscus to earn at least RM60mil a year with oil price in that range. So i am fine with a PE of 16 to 18. It's not cheap if they only made RM60m but not excessive. Of course, if you wanna be more detailed, compare the average PE of regional peers etc. I won't bother cos as i said, i bought in again substantially because of Repsol. I believe RM200m annual profit is not exagerrating with Repsol production at above USD60. Of course, if many rights issue with dilution, defeat purpose. But the share dilution gonna be minimal
zhang. You are correct. However, i always like to use conservatives figures. Otherwise, people called you con man. Anyway, i have seen your previous comments. You know your investments. All the best. People like us don't need luck, we just need time
Oil Rises to Fresh Seven-Year Highs on Demand Worries as Concerns Over an SPR Release Fade
Oil prices rose to fresh seven-year highs early on Friday as concerns the U.S. Biden Administration would release some of its strategic petroleum reserve (SPR) to quell prices eased, returning the market's focus to rising demand amid weak supply.
West Texas Intermediate crude for November delivery was last seen up US$0.65 to US$78.95 per barrel, the highest since the autumn of 2014, while December Brent crude, the global benchmark, was up US$0.52 to US$82.47.
The rise comes after U.S. Energy Secretary Jennifer Granholm on Thursday cleared up comments published in the Financial Times that she could release oil from the SPR to quell rising gasoline prices, with the Energy Department saying no release is imminent. However it remains a potential tool should prices continue to rise.
"While the Biden administration has backtracked on plans to tap the SPR and curtail exports, we think another run-up in prices, particularly Brent breaching $85/bbl mark, could reignite the conversation on whether to take action," RBC Capital Markets said in a note.
OPEC+ on Monday stuck with plans to increase its supply to the global markets by 400,000 barrels monthly, resisting pressure to boost output because of fears that record European natural-gas prices would prompt fuel switching, boosting oil demand in an already tight market.
However Russia eased European prices by promising additional gas supplies, while the U.S. reported its oil inventories rose for a second-straight week. Still, demand remains high as China looks to offset weak coal production, natural-gas inventories are low in the United States and Europe ahead of the winter, and the global economy is recovering from pandemic lows.
"In view of the current robust demand, which is likely to be additionally boosted by the switch from gas to oil, plus the restrictive OPEC+ production policy, the oil market will remain tight until year's end," Commerzbank analyst Carsten Fritsch said in a note.
Commerzbank said it is raising its fourth-quarter forecast for Brent prices to US$85 from US$75 per barrel and to US$75 from US$70 in the first quarter of 2022.
I think hibiscus is lucky to acquire the repsol asset. If Brent continue with this price till yr end, I think they can pay off repsol acquisition without private placement or loan
Titan, why do you not believe the management of Hibiscus that said that they will not issue anymore CRPS / private placement for the Repsol acquisition?
KUCHING (Oct 8): Samsung Engineering, one of the world’s leading engineering, procurement, construction and project management companies, plans to develop a green hydrogen and ammonia project in Bintulu dubbed H2biscus Project.
The project is expected to produce 7,000 tonnes/year of green hydrogen for Sarawak’s local use, 600,000 tonnes/year of blue ammonia, 630,000 tonnes/year of green ammonia, and 460,000 tonnes/year of green methanol.
H2biscus Project sounds Hibiscus Project!
There are no natural hydrogen deposits on earth, it has to be extracted from other compounds by a chemical process. The vast majority of industrial hydrogen is currently produced from natural gas through a process known as steam methane reforming or SMR.
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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New IPO: An enterprise IT solutions provider that provides implementation services, maintenance, support and professional services, Vetece Holdings Bhd aims to list on the Ace Market!
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New IPO: A manufacturing and trading of biomass fuel products, particularly PKS and wood pellets company, Elridge Energy Holdings Bhd aims to list on the Ace Market!
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....
mokluhanj21
361 posts
Posted by mokluhanj21 > 2021-10-08 09:18 | Report Abuse
Ealaweh. I shud buy more... Damn