Posted by Yogi74 > 2021-10-22 21:53 | Report Abuse

https://oilprice.com/Latest-Energy-News/World-News/Oil-Prices-Could-Explode-As-US-Largest-Storage-Hub-Nears-Empty.html

Posted by Bgt 9963 > 2021-10-23 08:58 | Report Abuse

Oil stock commming !

Posted by investor2021trading > 2021-10-23 12:55 | Report Abuse

hibiscus price being downtrend d past 3 days!

Posted by error413 > 2021-10-24 01:37 | Report Abuse

Hibiscus is an E&P company and it is hard to get financing by banks. This explained why they tend to get ratings from Moody's Investors Service. The other options for funding is CRPS which has been in progress for Repsol acquisition.

When Hibiscus announce the dividend it is good to promote the CRPS but bad for mother as in:

1 ) Sophisticated investors (Smart money) may exit mother to hunt for CRPS for lower risk and better promised dividend.
2 ) EPS will drop as EPS = (Net Income - Preferred Dividend) / Shares and instinctive value will drop a bit. Valuator based on previous instructive value will exit.
3 ) Market sentiment based on real time Brent oil price as they often forget that Hibiscus already gain profit if the oil price is above 75USD (Based on previous QR)

for 1,2 and 3, price will accumulate the price to downtrend and back to uptrend when they has been washed out as the oil price will keep increased to a prediction at least 90USD

Posted by jimnizar > 2021-10-25 07:39 | Report Abuse

Sold Alam Maritim and Bumi Armada last week. All in on Hibiscus this week.

https://www.reuters.com/business/energy/oil-climbs-tight-us-supply-even-coal-gas-crunch-eases-2021-10-22/

Posted by Invest_888 > 2021-10-25 09:49 | Report Abuse

Hibiscus benefits from oil price keep on increasing. Besides, just take note on Hibiscus recent 4 quarterly financial report, its profit also in uptrend manner. Due to global energy shortage and upcoming winter, oil price is unavoidable to go up.
When compare with other oil stock like Dayang, Uzma, Armada, etc. Only Hibiscus profits is always in uptrend manner for this recent 4 quarterly financial report. Only Hibiscus profits is directly related to oil price.

Hibiscus share price should be higher than RM1.20.

Posted by Invest_888 > 2021-10-25 09:52 | Report Abuse

Crude oil price is in 8 year high.

Hibiscus share price should be higher than RM1.20.

Posted by Hoot9e > 2021-10-25 10:33 | Report Abuse

seems price become stable now..., maybe need to wait oil price hit 100...

Posted by twynstar > 2021-10-25 11:41 | Report Abuse

Hibiscus buy Hibiscus IV - Oil price

https://klse.i3investor.com/blogs/ZZD/


by Zhang Zuode

Posted by kahhoeng > 2021-10-25 11:50 | Report Abuse

with brent now above 86, I would have thought hibiscus crossing 1.10 already, yet it's stuck at 0.915-0.935 range today.

Posted by DickyMe3 > 2021-10-25 12:13 |

Post removed.Why?

Posted by BloomBloom > 2021-10-25 21:07 | Report Abuse

Sorry, oil price should hit usd90/bbl these 2 weeks n usd100 by Dec. Logically share price should easily be over Rm1.20 by then. But Hibiscus share price movements are illogical. In the end will still move up accordingly if patiently wait for it.

Posted by Friendship > 2021-10-25 22:30 | Report Abuse

Operator pressing down so we can collect more. We should be grateful.

Posted by izoklse > 2021-10-25 22:59 | Report Abuse

BRENT heading to 87 USD. Pecah 87 USD..next target 90 USD. Hibiscus will break RM 1.

Posted by jimnizar > 2021-10-26 04:08 | Report Abuse

Today satu ringgit?

https://www.reuters.com/business/energy/oil-prices-march-again-tight-market-us-crude-7-yr-high-2021-10-25/

Posted by investor2021trading > 2021-10-26 07:55 | Report Abuse

lousy stock! price stagnant some more pressed down!

Posted by Baby Shark > 2021-10-26 09:33 | Report Abuse

Huh.. so high price d
Sell la, lagi wait talk talk here

Posted by bobvic96 > 2021-10-26 21:47 | Report Abuse

https://www.theedgemarkets.com/article/aramco-warns-worlds-spare-oil-supplies-are-falling-rapidly

CAIRO/DUBAI (Oct 26): Saudi Aramco said oil-output capacity across the world is dropping quickly and companies need to invest more in production.

It’s a “huge concern,” Chief Executive Officer Amin Nasser said in an interview in Riyadh, Saudi Arabia’s capital. “The spare capacity is shrinking.”

His comments come with crude prices having soared 70% this year to around US$85 a barrel. Many major consumers, including the US, Japan and India, have called on producers to pump more.

The supply deficit in oil markets could worsen in 2022 if the coronavirus pandemic eases and more people fly, he said.

Declining rapidly
“If there’s aviation pick up next year, that spare capacity will be depleted,” he said. “It’s now getting to a situation where there’s limited supply — whatever is left that’s spare is declining rapidly.”

Several oil and gas traders have criticized governments and climate activists for calling on companies to stop investing in fossil fuels, saying that will cause shortages of energy in the coming decade.

Aramco, the world’s biggest oil company, is investing billions of dollars to raise its daily capacity to 13 million barrels from 12 million. It expects to complete the project by 2027.

Many Wall Street banks and OPEC+ members doubt there will be supply shortages next year. JPMorgan Chase & Co has said oil markets will shift to a supply surplus of 1 million barrels by March from a deficit of around 1.5 million barrels now.

Saudi Arabia’s energy minister told Bloomberg on Saturday there could be a “huge uplift” in crude inventories in 2022.

“We still have Covid,” Prince Abdulaziz bin Salman said, justifying OPEC+’s refusal to ease deep supply cuts it began last year any faster. “We still have jet fuel limited in terms of growth. If you do more now, you’re accelerating the problem.”

The Organization of Petroleum Exporting Countries and its partners are increasing daily output by 400,000 barrels each month. The 23-nation group, led by Saudi Arabia and Russia, next meets on Nov 4 to decide whether to change strategy.

Posted by purple70 > 2021-10-27 00:00 | Report Abuse

Profit totally dependent on oil price...best time to dump and run with such a high oil price!

High oil price is not sustainable given clear alternative fuel sources!

Posted by izoklse > 2021-10-27 00:17 | Report Abuse

ko dah gile ke apa? musim sejuk baru nak bermula. nak suruh dump sekarang. heheheh ni memang lawak.

Posted by zhangzuode > 2021-10-27 10:47 | Report Abuse

Just come across this by Vaclav Smil written for JP Morgen 2021 Annual Energy Paper : http://vaclavsmil.com/wp-content/uploads/2021/06/JPM2021.pdf

Sobering facts are provided on the illusion (should be delusion) created about renewable energies.

Peace.

Posted by Invest_888 > 2021-10-27 15:26 | Report Abuse

HIBISCUS share price is slowyly and steadily going up.

Posted by Ananas > 2021-10-28 01:44 | Report Abuse

Big Oil About to Post Highest Cash Flow in 13+ Years

The Western world’s biggest oil companies likely just generated more cash than at any time since the Great Recession, and investors are about to find out what they’ll do with it.

The five supermajors -- starting with Royal Dutch Shell Plc and TotalEnergies SE, who release earnings on Thursday -- will report about $29 billion in free cash flow combined in the third quarter, according to analysts’ estimates compiled by Bloomberg. That would be the most since the beginning of 2008. Strong demand for crude, surging prices for natural gas and chemicals, and a rebound in the refining business are likely to be the main drivers.

An upbeat set of results would help cement a remarkable turnaround after a painful 2020, in which Big Oil was forced to cut costs and employees, shelve spending plans and take on debt.

https://finance.sina.com.cn/money/future/nyzx/2021-10-27/doc-iktzqtyu3835457.shtml

Posted by Ananas > 2021-10-28 01:45 | Report Abuse

upstream will be the most benefit

Posted by kakiminyak > 2021-10-28 07:51 | Report Abuse

I am more afraid of Putin than anything else out there. His Nord stream 2 pipeline if approved, could send crude oil price into big correction mode. He may sell out opec+ to gain the approval to pump more natural gas to Europe. That approval may affect energy sector. Just keep an eye out for that. Just a warning.

Posted by twynstar > 2021-10-28 08:02 | Report Abuse

@zhangzuode

Thanks for sharing

Posted by jimnizar > 2021-10-28 09:17 | Report Abuse

Come on Bunga Raya

Posted by jimnizar > 2021-10-28 09:18 | Report Abuse

How low Bunga Raya want to get press

Posted by apple168 > 2021-10-28 10:24 | Report Abuse

Oil price crashing huge! Run!

Posted by zhangzuode > 2021-10-28 11:09 | Report Abuse

kakiminyak, where did you read that Nord Stream 2 can be used to transmit oil, please share?

Posted by Dangel > 2021-10-28 11:18 | Report Abuse

Price correction towards 75cts.

Posted by KingKong_Doll > 2021-10-28 11:23 | Report Abuse

75c, buy more.

Posted by kakiminyak > 2021-10-28 11:30 | Report Abuse

As i have mentioned above, the pipeline is for transportation of natural gas to Europe. How does that affect crude oil price I believe is your question. Well quite a bit of the recent runup in crude oil price can be attributed to Natural gas price having sky rocketed. That has many industries and power plants switching to crude for their energy needs. The high demand pushed up the price of crude oil even higher together with increasing demand from re-opening of economies from pandemic slowdown.
Bear in mind the pipeline is already complete and just waiting for approval to pump gas to European countries. When that approval is obtained, the froth in the natural gas and crude oil prices will quickly disappear. Just my opinion.
Also another thing to look out for is Delta plus variant now spreading quite fast in many countries. Russia is going into lockdown Oct 30th to Nov 08. China too is starting to get affected. If travel restrictions start to happen in many countries. the demand for crude oil is going to fall.
I am just sharing my view. Please don't panic. Read the information out there and make your own decision.
Hibiscus is a good counter. I will invest again in time to come. Cheers!!

Posted by KingKong_Doll > 2021-10-28 11:45 | Report Abuse

I wonder for the past 2 yrs the with the under maintenance and investment, will it be similar to the Palm oil scenario. Those days when CPO price was low, palm oil company defers replanting and reduced the use of fertilizer. This is to control the operating cost as well as capital expenditure to manage the cash flow. That has caused a reduction in the yield and caused it CPO to skyrocket to 5300/ton. Will O&G share the same fate?

Posted by zhangzuode > 2021-10-28 15:17 | Report Abuse

kakiminyak, thank you for your clarification, appreciate it and also your insight to the potential revaluation of crude oil price.

Yes, do not panic, just monitoring, thank you.

Posted by kakiminyak > 2021-10-28 21:43 | Report Abuse

KingKong You are right there is under investment in oil sector. Big oil companies are under pressure from western governments and environmental groups to shift investment into green energy. Smaller players such as hibiscus are now taking over some of the assets. It looks like a good investment, the purchase of repsol oil and gas fields. When demand starts to increase and oil price is good, the small players should do well.

Posted by Winner128 > 2021-10-29 05:53 | Report Abuse

EPF 在2021年增持油汽股, 看来大机构也看准未来几个月油汽股的需求与会带来盈利。

https://news.thelcpress.com/2021/10/%e5%85%ac%e7%a7%af%e9%87%91%e5%b1%80%e5%85%ac%e5%b8%83%e7%ac%ac%e4%b8%89%e5%ad%a3%e5%ba%a630%e5%a4%a7%e6%8c%81%e8%82%a1%e5%90%8d%e5%8d%95/

Posted by DragonG > 2021-10-29 10:49 | Report Abuse

From the Investor - Material (Pg 22) : As the Target Group is involved in various legal proceedings, following completion of the Proposed
Acquisition, the Group could be subject to liabilities or disputes with respect to such activities which
could adversely affect the Group’s financial position and require management attention.
Total potential tax liability close to RM 100 million.
Please take note.

Posted by Dangel > 2021-10-29 11:48 | Report Abuse

Still patiently waiting the price to go below 0.85 to add more!

Posted by Winner128 > 2021-10-29 12:10 | Report Abuse

I am still patiently waiting go up........(* 6 *)

Posted by zhangzuode > 2021-10-29 12:42 | Report Abuse

DragonG, thank you. I missed that. It is an income tax issue. Yes many companies big and small had been hit with additional tax. Tenaga comes to mind. Big sum (tax).

Posted by Ismamiaku > 2021-10-29 13:08 | Report Abuse

Bungarayaku pasti akan capai rm1..kupercaya

Posted by mokluhanj21 > 2021-10-29 13:20 | Report Abuse

Not going up soon. Will fall first because Russian just agreed to supply European gas/oil. And US "suddenly got excess supply" lol

Posted by zhangzuode > 2021-10-29 15:28 | Report Abuse

DragonG, further thoughts - the tax issues would not affect the valuation of Repsol purchase, it is a cash-flow issue. And should LDHN wins the case and depending on tax evaluation criteria used by Hibiscus, if similar (to Repsol), Hibiscus would face an additional tax bill too.

This may explain the rather huge proposed Bond quantum of USD 110m (RM 450m) - USD 300m.

Posted by DragonG > 2021-10-29 15:43 | Report Abuse

Hats up to the management. They are transparent and full disclosure to the public. The Investor Material are 300+ pages but genuine investors should have a look at it.

Posted by DragonG > 2021-10-29 15:48 | Report Abuse

@zhangzuode - Yes cashflow issue and the management already has a plan to raise cash thru bond if require and not CPRS. The back duty tax not sure if has been provided in the accounts or not. If not may impact the bottom line post acquisition.

Posted by error413 > 2021-10-29 16:15 | Report Abuse

new QR is out.. https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3205086 Page 4.. Profit 104m.. Debt reduced 88% cash increased 72%..

Posted by zhangzuode > 2021-10-29 16:25 | Report Abuse

Hmmm, error413, it is Annual Report, typing too fast...

Posted by error413 > 2021-10-29 16:26 | Report Abuse

sorry zhangzuode.. yes you are right

Posted by zhangzuode > 2021-10-29 16:26 | Report Abuse

What would be interesting will be Q1FY22, it will be a whooper y-o-y.