Posted by BennyWhittman > 2022-02-16 11:18 | Report Abuse

You're not on this horse yet?...hehehe

Posted by Lucifer999 > 2022-02-16 11:20 | Report Abuse

profit! ding ding ding

Posted by BennyWhittman > 2022-02-16 11:20 | Report Abuse

Key already in ignition, engine turning over....

Posted by ks5S > 2022-02-16 11:24 | Report Abuse

shooting to the moon coming soon.

Posted by King_Musang > 2022-02-16 11:34 | Report Abuse

HIbiscus will have very good QR for next 12-24 months, better than Dnex, but the news is hot on Dnext now. Both are good to keep for 6-12 months, both should hit RM2 before year end.

Posted by BennyWhittman > 2022-02-16 12:45 | Report Abuse

Bunga Raya wilted....burning from own oil fields....maybe ashes remains later?

Flash in pan yesterday up to 1.23 and closed back at 1.14

Putin put a lid on Oil price....

Posted by BennyWhittman > 2022-02-16 12:50 | Report Abuse

Low volume only 25 mill half day. Spot light on Dnex today.

Posted by apple168 > 2022-02-16 12:54 | Report Abuse

Brent drop to 93 only… continue to short Brent

Posted by birdparadise > 2022-02-16 13:18 |

Post removed.Why?

Posted by Pang > 2022-02-16 14:26 | Report Abuse

Relax and enjoy

Posted by james70 > 2022-02-16 14:42 | Report Abuse

It would be good to close the gap that was created on Monday at RM1.09 before resuming the upward trend.

Posted by BennyWhittman > 2022-02-16 14:42 | Report Abuse

1.11???? Do you need a slap to wake you up????

Posted by DragonG > 2022-02-16 14:45 | Report Abuse

Hibiscus Petroleum (HIBI MK)
Energy beast
Initiate with BUY. MYR1.70 TP
Hibiscus is the best play for a cyclical, rising energy price market. It is
fundamentally sound (low P&L break-even oil price; sub-USD40+/ boe),
financially resilient, well-run and offers compelling growth (3-year NP
CAGR of 53%) with undemanding valuations. Our TP is conservatively
pegged to USD10/ boe of EV/ 2P valuation (@ 10x FY23 PER), a 45%
discount to its peer average of USD19/ boe. Accretive M&As, asset
monetisation deals or additional 2P reserves upside would add to upside.
A direct proxy to oil price play; proven to deliver
Hibiscus, a pure upstream O&G operator is the most leveraged O&G play
to capitalise on the strong energy push. FY22-24 earnings will grow by 35%-
54% for every USD10/bbl rise in oil price. It has a relatively low lifting cost
(P&L break-even oil price of sub-USD40/boe). A remarkable feature of
Hibiscus is its impeccable M&A track record. It has been proven able to:
(i) discover (Anasuria, North Sabah & Repsol deals), (ii) develop (grow 2P
reserves, 2C resources & production) and (iii) deliver (earnings growth,
cashflows) while (iv) maintaining a strict capital discipline, testament to
its cost-focused & bottomline-driven philosophy.
Latest Repsol M&A brings many positives
We are positive on this Repsol M&A. The deal, transacted at USD212.5m:
(i) is undemanding; equates to USD6.16/ boe 2P reserves, a 25% discount
to RPS Energy’s valuation, (ii) lifts its production/ 2P reserves/ 2C
resources by almost 3x/ 2x/ 2x, (iii) offers Hibiscus the prospect to
diversify its assets portfolio to 17% gas: 83% oil (vs. 2% gas: 98% oil
previously); a crucial aspect, in its ESG and energy transition quest.
Deeply undervalued with compelling upside
Our TP, based on USD10/ boe of EV/ 2P reserves, is undemanding vis-à-vis
its peers that trade at higher multiples (USD12-31/boe). We prefer this
valuation method over others for it captures the cyclical nature of its
operations and takes into account its balance sheet and cashflows aspects.
We see further upside should it succeed in converting some of its sizeable
2C resources (73.2m bbls) to 2P reserves and/ or monetise some of its
development fields (i.e. Marigold, Australia) along the way.
Share Price MYR 1.13
12m Price Target MYR 1.70 (+50%)
BUY

Posted by DragonG > 2022-02-16 14:48 | Report Abuse

Someone asked for the report yesterday - TP by MIB

Posted by BennyWhittman > 2022-02-16 14:53 | Report Abuse

Thank you but the last line was what he was looking for.

But IB calling BUY after they are already in. They must have sold at 1.23 yesterday...hehehe

Posted by BennyWhittman > 2022-02-16 15:00 | Report Abuse

See....1.10? How 1.70???

When Hibby break 1.40, I'll quit posting for 3 months, sit in a monastery but head not shaven, too many pretty Nuns around...hehehe

Posted by KingKong_Doll > 2022-02-16 15:07 | Report Abuse

LOL...someone chase high....

Posted by BennyWhittman > 2022-02-16 15:13 | Report Abuse

Yeah bought too high, above 90c...

Posted by twynstar > 2022-02-16 15:31 | Report Abuse

@DragonG

Thanks for information.

Looking for chance to accumulate again

Posted by zhangzuode > 2022-02-16 15:48 | Report Abuse

DragonG, many thanks for the Maybank's report.

Posted by meistsk3134 > 2022-02-16 15:50 | Report Abuse

someone need go russia put fire work. sure russia will attack ukraine

Posted by BennyWhittman > 2022-02-16 16:20 | Report Abuse

Baru mau bangun???

Posted by TheTruthHurt > 2022-02-16 16:27 | Report Abuse

Wow. Strong resistance at 1.10.. Uncle slowly climb back boat. Hehe.

Posted by ks5S > 2022-02-16 16:39 | Report Abuse

100 per barrel coming

Posted by i3lurker > 2022-02-16 16:44 | Report Abuse

still 1.15

lol

sell sell sell

Posted by BennyWhittman > 2022-02-16 17:07 | Report Abuse

i3lurker...1.15...1.16....1.15....1.16....until month end QR....then!!!

Posted by lloydlim > 2022-02-16 17:09 | Report Abuse

Time to accumulate!

Posted by i3lurker > 2022-02-16 17:22 | Report Abuse

if 1.25 I dump my odd lots loh !!!

lol

Posted by BennyWhittman > 2022-02-16 17:26 | Report Abuse

Coming QR....nothing to shout....next one with Repsol.....louder!

Posted by BennyWhittman > 2022-02-16 17:27 | Report Abuse

Funny...can see 1.25 tomorrow...don't buy today at 1.10?????

Posted by BennyWhittman > 2022-02-16 17:28 | Report Abuse

I'll still be rolling in bed tonight, trying to figure this out...1.25 tomorrow, today 1.10 don't want to buy....how leh?

Posted by birdparadise > 2022-02-16 18:01 |

Post removed.Why?

Posted by ks5S > 2022-02-16 19:58 | Report Abuse

today what star-ah.?.kakakaka

Posted by bb2ualways > 2022-02-16 20:51 | Report Abuse

Today short and long star. Both way win

Posted by Yezzy99108 > 2022-02-16 21:13 | Report Abuse

Brent crude price goin back up USD95

Posted by BennyWhittman > 2022-02-16 21:25 | Report Abuse

Putin said moving troops back to base but NATO just said more Russian troops deployed to borders.......wayang.........

Posted by huathuat8888 > 2022-02-16 21:28 | Report Abuse

good for us
but not good for the world,hope tmr the price can spike up

Posted by BennyWhittman > 2022-02-16 21:28 | Report Abuse

This has crossed the line.......$150 for Oil predictions???

$100 is a given????? you think this is golf? Not until the ball drops in.


https://www.cnbc.com/2022/02/16/oil-could-vault-as-high-as-150-a-barrel-veteran-analyst-warns.html

Posted by BennyWhittman > 2022-02-16 21:29 | Report Abuse

Aiyah.....1.10 today why didn't catch more......now cannot sleep.

Posted by BennyWhittman > 2022-02-16 21:31 | Report Abuse

No wonder fei chai Pang pang said 1.25 again tomorrow.

Posted by kakiminyak > 2022-02-16 21:37 | Report Abuse

Who asked to believe Putin, dia banyak cerita pusing loh. Next week Hibi rocketing to the moon loh.

Posted by BennyWhittman > 2022-02-16 21:55 | Report Abuse

Why next week leh? Fei chai Pang pang said starting tomorrow la.

Posted by BennyWhittman > 2022-02-16 21:56 | Report Abuse

Next week very near QR releasing........movements before announcements, as always...........are you ready?

Posted by kakiminyak > 2022-02-16 22:03 | Report Abuse

After pullback, price movement lose some power. Next week recovered and on it's way forward. The crude oil journey continues. The war happen or not is another story. Even without Russian attack, crude gonna cross 100. With war will shoot even higher.

Posted by BennyWhittman > 2022-02-16 22:05 | Report Abuse

Whoooo.......like that many Virgins will pre-mature ejaculate woh.

Posted by BennyWhittman > 2022-02-16 22:09 | Report Abuse

Cannot tahan lah....pull back was because Oil price fell back to 93...now back up to 95..........all hard on again.

Posted by malpac63 > 2022-02-16 22:18 | Report Abuse

$100 high in 2014 is not equivalent to $100 in 2022. Price of a roti canai in 2014 is definitely not the same in 2014 compared to 2022.

I read the Maybank TP 1.70 and the research was done on 28 pages of information, not just an A4 sheet.

Posted by kakiminyak > 2022-02-16 22:29 | Report Abuse

150 - 200 is possible.

Posted by huathuat8888 > 2022-02-16 22:53 | Report Abuse

yea should hold for long term
its a good opportunity to collect more when the price still considering low

Posted by huathuat8888 > 2022-02-16 22:53 | Report Abuse

as long as the oil remain at high price