ByAlex Longley+Follow February 17, 2022, 3:52 AM GMT+8
Forget the futures market, the world’s most important oil price just smashed through $100 a barrel with every sign it is going to push higher. Dated Brent, the price of cargoes bought and sold in the North Sea, reached $100.80 a barrel on Wednesday for the first time since 2014, according to S&P Global Platts, the company that publishes the marker. Price spreads in the futures market are pointing to one the tightest markets ever.....
The acquisition of the Repsol assets in Malaysia and Vietnam was completed on 24 January 2022. Going forward we expect to produce an additional 2.5 million boe to our base volume expectations for the period between completion and the end of FY2022. At current oil and gas prices, these additional volumes are going to substantially and favourably impact our financial performance going forward. Since completion of the Acquisition, daily production rates have almost tripled from about 8,000 boe per day to about 23,000 boe per day.
u only look at RM48m profit per quarter. IB bank look at USD78m per year contribution from repsol which about RM80m per quarter earning and that is only based on average of USD70+ per barrel. Plus the existing RM48m at oil USD75/barrel. at the current oil price USD90...each quarter translate to RM156mil almost guaranteed!!!!!One year profit RM624mil!!! if price stay around USD90
The Q2 EPS of 2.42 based on the oil price of 75usd. So if based on conservative price of 75usd per Boe the Q3 n Q4 EPS should be 2.42 + 2.42. and the annual total EPS should be around 7.26 +Q1's 2.07 =9.33. So non Repsol asset will contribute 2.5M to 2.7 M Boe with 9.33 EPS. In addition, Repsol asset will contribute 2.5M Boe too so another extra 9.33 EPS let's say based on 75usd per boe. Thus the total projected EPS is 9.33 +9.33.=18.66 cents. If based on 90usd per Boe the total EPS should be well over 20 cents EPS. So the TP of RM 2.00 is very much possible based on PE of 10 https://www.theedgemarkets.com/article/hibiscus-petroleum-2q-net-profit-jumps-four-folds-higher-crude-oil-prices 17/02/2022 9:59 PM
The United States has seen Russia stocking up on blood supplies, inching troops closer to Ukraine's borders and flying in more combat aircraft, U.S. Defense Secretary Lloyd Austin said on Thursday, dismissing Moscow claims of withdrawal.
"I was a soldier myself not that long ago. I know firsthand that you don't do these sorts of things for no reason," said Austin, a retired Army general. "And you certainly don't do them if you're getting ready to pack up and go home."
Foot soldiers live and trained to obey commands instantly, no questions asked. Should Putin ordered his Generals to end "exercise", pack up and come home, would they still stay by the camp fire and sing kumbaya?
Russia is playing it safe and Putin is not to be played. US is flaring up their media to push Putin to do the unthinkable. These are not dark ages nor Mongolian times. Even Rome have become a Republic state from Caesar's times. The contemporary UN Charters and Accords are not hot air or just for Head of States to come to the table for cookies and coffee.
Russia needs more than justifications and reasons to invade or intrude into another's sovereignty. They need approvals.
Would Putin risk his reign, the lives of millions of Russians and the decision to throw the whole world into chaos?
Western seaboard of USA, California has just seen the highest Gas price off the pumps. Crude Oil prices stabilising at USD92 to 95 works for Russia and Hibiscus, but the cost of living in USA has been notched upwards.
Derrtan's calculations of the current earnings is not far from Actuals. Accounting reports based on Oil at below $90 in 3rd quarter 2021, their profits jumped to RM88 millions. From 2022 Jan, Oil has been above $90 which translate their earnings to be above RM88 millions (3Q 2021).
Given that Repsol's profits were not in 2021 3Q, the coming quarterly profits could be around RM160 million/Q for 2022, equals to RM640 million, provided Oil stays at $90.
The EPS is higher than 20c, BeeNeutral......wink, wink.
No need to have annual Profits of above RM600 million, just above RM550 million, and still valued at 1.15, we will be ALL IN for the next 2 years. (NOSH remains at 2 Billion)
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.
Any professional Oilman or sifu can show us an Oil Company....not just those maintenance and service providers, but Oil fields owners.....with NOSH of just 2 Billions?????????????????
And Profits of......shy la....RM640 million, projected annually?
If this is not a winner in your portfolio, no need to play shares la.
Your comments are plentiful, some are interesting but regret to say some not so. I am referring to language in particular. This site is frequented by many, disrespectful language is strongly discouraged. Thank you for considering the Aunties and Uncles that visit this site.
Toppish?....are you referring to something which happened 3 weeks ago? Corpses would have turned to ashes in a day.....use your brains...opssss, forgotten you only have coconut water for brains!
I also said I'll ShutTFUp for 3 months if can breach 1.40....please let us see 1.40
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
derrtan
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Posted by derrtan > 2022-02-17 14:43 | Report Abuse
All it need its the oil price to push a little