0.85, ismamiaku I thk u r dreaming lo..now Brent 82 sthg..supposedly when last time hibiscus already up till 0.80 and above ..but seem like it has no way up
Don't so early dismiss hibiscus. Rome also not built in 1 day. I believed management is building strong foundation for tis company. Management unable to control share price but can manage the company well. Give 6 months. If oil price hover around 80, I think it just matter of time only.
I would have thought hibiscus would trade between 0.85-0.90 range at 82 brent until clarity over repsol acquisition, like the eventual cost, profits added at forecasted brent crude price.
OMG Market crash around the world. New variant from South Africa now confirm in Belgium. EU in full alert. Brace for impact guys. Hope oil can stand this tsunami.
I think the world is much better prepared to cope with this new variant than when the Virus outbreak took place early 2020 (with zero knowledge and no vaccine then) Global investors having gone thru steep plunge and also experienced swift recovery in stock prices , will probably behave more rationally this round. In any case, the scientific information about this new variant is yet to come.
If omicron not serious, they won't announce the news Sunday late night. Guess if one were to buy hibiscus now, he/she should expect to hold a few months to a year
Better prepare for holding Hibiscus at least 6 to 12 months if plan to buy the dips.
I think the keyword for next year crude oil market is "spare capacity". It will be very interesting to see crude price movement at second half of CY2022 after OPEC+ announces they finish their spare capacity and US shale oil producers still refuse to increase oil production.
I also think this Omicron variant might help to form start of a new bull supercycle of crude oil.
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apple168
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Posted by apple168 > 2021-11-22 22:02 | Report Abuse
We hv been warning all to cut win… if you listen, you are safe…