Next OPEC mtng is on 02/12. Be careful of oil suplus possibilities which may further be contributing factor in WTI/Brent price direction. Also US shale oil production and winter season, another contributing factor.
If today i am keep holding sure lost 5 figure money, actually a few day ago already have signal is going downtrend. Due to that is my estimation and observation then told my self wait hope coming, who know day by day drop and money getting lost increase therefore even heart pain must say good bye with my lover.
I am dont care OPEC meeting....if big chip sure have insider news and if a good news they will have early action then i am just follow same boat only. I wouldn't keep and wait a week more .....
think about repsol production at USD78 and the gas as well..selling now is more toward sentiment rather than fundamental. the EBITA predicted was based on oil around USD55 per barrel.
Hi KingKong_Doll, barrel of oil equivalent (boe) is a very common measure of gas production and supply. It refers to the amount of energy equivalent to the energy in a barrel of crude oil. It is just a conversion that is easy for the public to analyse companies resources and production capabilities. The term of 6000ft3 of gas will be equivalent to 1 barrel of oil is just saying the energy content in 6000ft3 of gas is equivalent to the energy content in 1 barrel of oil. However, this is just based on normal convention and there are no definitive standards to this calculation. Different gas and oil grades will have different energy content. These calculation also does not take into account the gas and oil futures prices. In terms of pricing, 1 boe of gas does not equal to 1 barrel of oil (whether it is WTI/Brent or other grades). Gas cannot be compressed physically to oil. Gas is normally compressed to LNG for export to Japan & Korea.
Gas is normally physically sold in terms of BTU (British Thermal Units). If you look into gas contract prices, they are normally listed as MMBtu (million British Thermal Units). BTU measures the gas energy content and is the most accurate measurement for gas because gas is normally used for power generation and heating. Therefore, as a physical buyer of gas (like power companies), I am more interested in knowing how much do I pay to buy gas that can give me XX amount of energy. That is why gas futures pricing are based on energy basis rather than volume (i.e., barrels in crude oil).
Thanks pington but it too complicated for me to digest. Meaning can't estimate the contribution from gas. Anyway, winner is right. Got profit, take it. From 96c to 80, I also lose the opportunity to make extra 5 figure.
Oil & Gas price changes do not influence H share price 100%. There’re underlying terms that benefitted few, that explain why Balance Sheet doesn’t improve even O/G price went up so much. If this Respol deal is so great, why no significant increase of insider stock holdings? Why lacking of institutional buyers? Be smart as I don’t trust H.
derrtan, yes, it is sentiment driven now. There is no fundamental as I checked latest EIA data released yesterday, there actually was a draw for crude oil as well as products (gasoline, diesel, jet-fuel etc.). SPR has been releasing crude every week for the last 10 weeks (last 2 weeks @ >3 mb/wk).
And releasing from SPR is actually transferring from left pocket (tank) to right pocket (tank), it does not in anywhere improve fundamental crude supply (from oil fields).
cash999, balance sheet movement will need to be backed up with revaluation by "expert", much like REITs where properties are revaluated by companies like CH William.
Thus, obviously, Hibiscus' asset is undervalued currently.
Negative goodwill does not benefit minority shareholder. It is just like when i bought my hse in 10 yrs ago it is 1M and now it worth 3 million. It doesn't benefit me unless i sell it. But if 10 yrs ago i can only rent for Rm500 but today i can rent it out at RM5000, it will benefit me. So i look forward to the NP after completion of the deal.
After Biden-Xi meeting , crude oil price begin to drop. Next be careful of Iran nuclear meeting Nov 29th. Biden if kamcheng with Iran and lift sanctions so they can export crude, price may come down to $70 - $75 Barrel. Just my guess.
Kakiminyak, i won't buy kau kau....i will buy responsibly. I am more towards investing mode now rather than trading. I will wait for it to go 1 fold. My personal target = RM1.40....mayb some might laugh and says that i need a miracle for that target. Well lets see. I'm prepared to hold till 2025....lol.....
Wow twynstar.....rm2? If RM 2, it will be 2x for me....lol.....in recent months, it just got better news. I really dun know why i shouldn't hold it for long term..... potential of tax and well abandonment cost reduction, increase in productivity, high oil price and most important is i would say I find their management very transparent and trustworthy. This type of company, I'm ok for them to manage my money....(as if I'm investing hundred over millions of dollars ^_^).....lol.........
I think target price more than RM 2.00 is possible by 2025/2026 if...
1) After repsol acquisition, total net production is around 25,000 barrel per day 2) no issue of third tranche of CRPS for repsol acquisition 3) Average Brent price above USD 70/bbl for next 3-4 years 4) PITA tax reduction : 38% -->25% ( This equal to instant extra increment of 21% net profit for repsol assets) 5) Teal West project, targeted to achieve first oil by late 2023, without issue of CRPS 6) Marigold Project, targeted to achieve first oil by 2025, without issue of CRPS 7) Acquisition of another new assets at reasonable price with bonds / free cash flows
Hibiscus Petroleum - Upbeat on upcoming Repsol catalysts
What i can say is must follow MR MARKET, during RM0.865 i am see that trend are going trend and share with you all together. If that time i am keep hold until now sure lost until very seriously and will stay in super banglo lot.
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Posted by pirate99 > 2021-11-18 11:36 | Report Abuse
Next OPEC mtng is on 02/12. Be careful of oil suplus possibilities which may further be contributing factor in WTI/Brent price direction. Also US shale oil production and winter season, another contributing factor.