at some point once break 1.33, cant see any recent resistant.... coming at least 2-3 Q results could be magnificent. With BP & Shell are exiting Russian upstream and IF Russian oil is further sanctioned..... hmmm.....
Big joke, Taiwanese news reported yesterday Americans and Europeans were buying big time in Russian oil cause they're cheap, what economic retaliation? Pui...
It just needs oil price at 75usd to get its estimated annualised about 19 cents EPS which makes the Maybank IB's TP rm1.7 very reasonable at PE of about 9 . So any oil price above 75usd is a real bonus
519916 HIBISCS-C16 HIBISCS-C16: CW HIBISCUS PETROLEUM BERHA Expiry/Maturity of the securities
Instrument Category : Structured Warrants Instrument Type : CALL WARRANTS Exercise/ Strike/ Conversion Price : MYR 0.6800 Exercise/ Conversion Ratio : 2:1 Settlement Type/ Convertible into : Cash Last Date & Time for Trading : 24/03/2022 05:00 PM Date & Time of Suspension : 25/03/2022 09:00 AM Last Date & Time for Transfer into Depositor's CDS a/c : 28/03/2022 04:30 PM Date & Time of Expiry : 28/03/2022 09:00 AM Date & Time of Delisting : 29/03/2022 09:00 AM
damned, this sanctioned of Russian's oil has propped up d oil price to above usd118! when will d invasion on Ukraine stopped? Russia will b punished with sanction for many many years to come!
Narrative economics dictate that the momentum will probably remain now on the following fronts: 1. Flight away from inflation 2. Flight into commodities 3. Flight from risk assets 4. Flight from losses
Yes, oil stocks are still subject to the universal (financial) laws of discount rates etc but in the case of extreme fear, participants start looking at the least risky assets (borrowings profile, some sustained cashflow generation)
Gold is supposed to work well but JPow just declared a war on gold. so yeah. we gotta watch this space every day!
ya... bunga raya abit slow in respond.... but once respond it'll be super fast.... look at 2013.... Brent from 98-115 took 3 months Jun-Aug but HIBI average stayed still at 1.45..... then it only took 3 wks in Sept shoot up to 2.10...lol
relax... let oil price hover above 3 digit. than we see the reaction. reserve being release to stabilise the market but those reseeve need to be replenish later
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investor2021trading
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Posted by investor2021trading > 2022-03-03 11:43 | Report Abuse
oh bunga raya, why r u stucked at 1.25 when oil is trading at usd113?