Oil had broken $100 and taken a connecting flight from Hong Kong to LAX, California, ran a marathon, stayed at Vegas, departed LAX and a direct flight back to KLIA..........now only you know?
Hibby, if possible please stay at 1.22-1.23 for next 2 weeks. Want to see those coming in for quick, free lunch cut loss.......we are not suckers to hold tickets and price for you.
Actually, when to sell is more difficult than when to buy.
As short term investor/speculator, we might consider to take profit if we think we can time the stock/oil market and beat the average retail investor/speculator. Then wait for another opportunity for lower entry point.
As long term investor, we might consider to sell Hibiscus if we think : 1) Hibiscus is overpriced 2) We got better investment plan with the money we sell Hibiscus
As long term investor, I think Hibiscus still undervalued at current market price. The management team plans to increase net oil/gas daily production to 35,000 ~50,000 boe/day by 2026. With estimated average realised selling price of USD 70-80 per barrel and daily net production of 35,000 ~50,000 boe/day, I wont surprise to see Hibiscus at RM 3 to RM5. I believe that the trend of Brent price will repeat 2011-2014 pattern ( higher and longer) due to prolonged underinvestment. I also quite confident in Hibiscus management team and I will hold till at least 2026
I might consider to sell Hibiscus when: 1) Hibiscus is not undervalued, may be if Hibiscus skyrockets to RM 2.50 ( market cap of RM 5 billions and historical highest price was RM 2.74) within 6 to 12 months, 2) reaching my target price which help me to achieve financial free.
There is a good article from Howard Marks, Oaktree capital. Worth to read.
26th OPEC and non-OPEC Ministerial Meeting concludesNo 06/2022 Vienna, Austria 02 Mar 2022 Following the conclusion of the 26th OPEC and non-OPEC Ministerial Meeting, held via videoconference on 2 March 2022, and based on internal consultation held exclusively by the OPEC and participating non-OPEC oil-producing countries in the Declaration of Cooperation of (DoC), it was noted that current oil market fundamentals and the consensus on its outlook pointed to a well-balanced market, and that current volatility is not caused by changes in market fundamentals but by current geopolitical developments.
At USD115 oil, there is no doubt we are looking at RM1 billion profit. It's a matter of time before share price increases significantly. But to make a lot money, there needs to be more fearful holders.
Eh I typo. i mean up otw, if ntg happens, it got chance to to break 1.2 by next week since OPEC stay course on oil production. But bear in mind, HIB price might not follow as we buying company EQUITY instead of the real COMMODITIES. If want to huat go LONG Position on Brent oil CFD contract.
Itu oil sama sawit oil market sulah manyak tinggi lar. Hibiscus 0.70 - 1.25 oredy. Tsh 1.10 - 1.70 oredy. Oil 120usd, sawit oil rm8,000. Gila. You buy during gila2 time, you will stuck at penthouse unit i tell you.
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Posted by BennyWhittman > 2022-03-02 16:49 | Report Abuse
Oil had broken $100 and taken a connecting flight from Hong Kong to LAX, California, ran a marathon, stayed at Vegas, departed LAX and a direct flight back to KLIA..........now only you know?