Oh Sharkie, average up with only 10 lots? (10 x 100?) Our trade in 1,000 units per lot....we have collected many, many, many baskets........good hunting from 85c-90c
Your additional 10 lots enough to get back loss of 1 Myvi?....hehehe
The recent Q2 EPS 2.42 was based on the oil price of 75usd and some based on 72usd. By using the conservative price of 75usd per Boe in the Q3 n Q4 EPS estimated calculation, they should be (2.42 + 2.42) and the annualised total EPS should be around 7.26 +Q1's 2.07 =9.33. So the non Repsol asset will contribute 2.5M to 2.7M Boe (see the Edge article below) with 9.33 EPS. In addition, the Repsol asset will contribute 2.5M Boe too, therefore another extra 9.33 EPS with the conservative price 75usd per boe too. Thus the estimated annualised total EPS is 9.33 +9.33 =18.66 cents(about 19 cents). Therefore Maybank IB's TP RM1.7 looks very reasonable n conservative and achievable with oil price just needs to be at 75usd Boe. Again If based on the 90usd per Boe the total EPS should be well over 22 cents EPS. So the TP of RM 2.00 is also very much reasonable and possible based on PE of 10 https://www.theedgemarkets.com/article/hibiscus-petroleum-2q-net-profit-jumps-four-folds-higher-crude-oil-prices
If confirm oil embargo, price will hit 150 USD for BRENT and Crude Oil. And retaliation from Russia would be very strong which i believe they will take action stopping distribution of gas to EU nation which going to hurt EU. Price will than shoot to another level 175 USD for Brent and Crude oil. Shortage of oil across the world will force oil to shoot to 200 USD for the first time. The year of hyper inflation will come before price crash because of recession everywhere.
dont fight it people. also dont act smart la. Buffet also still holding on to Occidental. This is narrative economics. and this is how its going to unravel: 1. Oct 21: gao2 shoot to 94.5 sen due to the Great Global Reopening sentiment 2. Oct- Dec 21: fear of a Hawkish Fed 3. Jan 22: Supply & inventory not keeping up with demand- shoot 4. Feb 22: European war 5. Now: all thinking it is too high...but it is only too high when people are starting to be irrationally fearful for now, as price goes higher (and everything else is a falling knife), there really is not safe place for trillions of dollars. Oil is the few safe space , with commodities This spike may be extended further
The edge markets reported 3 hours ago ... Maybank Investment Bank analyst Liaw Thong Jung, who has a "buy" call on Hibiscus Petroleum, said in a note on Monday that he revised up Hibiscus Petroleum's target price to RM1.90 from RM1.70 as higher crude oil price outlook is expected to lift the company?s financial year ending June 30, 2022 (FY22) to FY24 earnings estimates by 9% to 28%.
KUALA LUMPUR (March 7): Hibiscus Petroleum Bhd rose as much as 12 sen or 9.68% to RM1.36 amid active trade on Monday morning as an analyst foresees high oil prices to lift its earnings.
At noon break, the stock settled at RM1.35, still up 11 sen or 8.87%.
The counter, which was the most actively traded stock on the bourse on Monday morning, saw 89.4 million shares traded. This is almost four times its 200-day trading volume average of 24.3 million shares.
Maybank Investment Bank analyst Liaw Thong Jung, who has a "buy" call on Hibiscus Petroleum, said in a note on Monday that he revised up Hibiscus Petroleum's target price to RM1.90 from RM1.70 as higher crude oil price outlook is expected to lift the company?s financial year ending June 30, 2022 (FY22) to FY24 earnings estimates by 9% to 28%.
?Hibiscus Petroleum is the best play for a cyclical, rising energy price market ? fundamentally sound, financially resilient and offers compelling growth (three-year net profit compound annual growth rate of 80%) with undemanding valuations,? he said.
He noted his target price (+12% revision), based on US$10/barrel of oil equivalent (boe) (about RM41.78/boe) 2P reserves, is undemanding vis-�-vis its peers that trade at higher multiples (US$12/boe to US$31/boe).
He also sees further upside for the stock should it succeed in securing Repsol?s PSC extension, converting some of its sizeable 2C resources (73.2 million barrels) to 2P reserves and/or monetising some of its development fields (i.e. Marigold, Australia) along the way.
According to him, Hibiscus Petroleum, a pure upstream oil and gas (O&G) operator, with a relatively low lifting cost (profit and loss break-even oil price of sub-US$40/boe), is the most leveraged O&G play to capitalise on the strong energy push.
?Oil price has surpassed US$100 per barrel and should sustain over an extended period, for the energy market is facing a trilemma: (i) stronger demand growth post-pandemic, (ii) supply disruption (structural under-capacity) and (iii) rising geo-political risk (Russia-Ukraine crisis),? he said.
He raised his crude oil price outlook by US$10/boe to US$90/US$85/US$85/boe in FY22/FY23/FY24 but lowered Repsol?s FY22 output by 2,000 boe, which raises Hibiscus Petroleum operating expenditure/boe by US$3.
?The Repsol acquisition (completed on Jan 24, 2022) is timely, to ride on the higher oil price outlook. All in, we expect Hibiscus to see strong earnings growth in FY22 (3.1 times year on year) and FY23 (1.9 times year on year) respectively,? he said.
?The Repsol acquisition (completed on Jan 24, 2022) is timely, to ride on the higher oil price outlook. All in, we expect Hibiscus to see strong earnings growth in FY22 (3.1 times year on year) and FY23 (1.9 times year on year) respectively,? he said.
From the above statement, it means 2 years down the road; FY earning can be 6 fold or higher versus FY 2021. However, this is a bit too long to wait. I would be happy to take profit at RM2 with almost 150% gaining.
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Posted by 2721 > 2022-03-07 08:52 | Report Abuse
Lets limit up..gogogo