With brent above 80, I would have expected Hibiscus to at least trade between 1.30 and 1,60. Now, if brent were to stay strong above 90, I wonder how much I should expect with Hibiscus...
They gave us the EBITDA figure and not the net profit in the Repsol deal. When you sell your car, you tell the buyer the good features of it and not the rest.
Before Repsol deal production is 8000 bopd and $60/bbl, now with Repsol is 20,000 bopd so what is the fair price you think Hibiscus should be at $90/bbl? Easily RM3, Buy Call now
The price fell after market close, oilprice.com updates when market reopens. Iran negotiator tweeted nuclear deal is getting closer, so oil price quickly dropped. Don't worry, next week it should be bullish.
@zhangzuode now the brent price in oilprice.com is correct cause just now the market is still closed for brent price hence the difference in price. now since it is opened it reflected the drop in price. hope this helps
islurker. You ok? Do you own any Hibiscus or waiting to buy for the reason hoping price to drop. The real reason is because envy that others are profiting from what you failed to see. Most with sick mind envy others will those who give feel great when others earn decent gain. 17/02/2022 9:44 AM
February 17, 2022 09:30 am +08 -A+A KUALA LUMPUR (Feb 17): Maybank Investment Bank has initiated coverage on Hibiscus Petroleum Bhd at RM1.13 with a “Buy’ rating and target price (TP) of RM1.70 and said Hibiscus is the best play for a cyclical, rising energy price market.
In a note Tuesday (Feb 15), the research house said Hibiscus 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.
Maybank IB said 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 US$10/bbl rise in oil price.
“It has a relatively low lifting cost (P&L break-even oil price of sub-USD40/boe).
“Our TP is conservatively pegged to US$10/ 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,” it said.
Putin kept his words on withdrawing troops....from Russian occupied Crimea. On the other hand, increased troops deployment to borders to the West and North of Ukraine.
Putin is a master spinner and always kept his options opened.
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Posted by birdparadise > 2022-02-16 22:56 |
Post removed.Why?