OPEC+ member UAE support more output to the market will slow down over the top surging oil price. Brent Oil have plunged to it biggest drop today since pre-pandemic and coupled with market overbought on O&G counters ?.. big sell-off expected
Some know that the value is more than 2. Or the optimistic will say its value is more than 3 or 4 as they believe in value. They want to by at share at cheaper price and thus create fear to the shareholders. If oil price is above USD100 throughout 2022, Hibiscus EPS easily above 35cents per share. Everyone has their own fair PE- calculate the actual value of the company share will be the one we need to know.
HIB buyers are make up of pre-dominantly day trader & short term investors. Once they see Brent Oil drop all will panic sell. U do the math how this will not impact the price
oil price drop a bit scared..... oil price up a lot also scared..... oil price slowly up then only good mah, recently oil price up like mad now just pray oil can maintain above 100
Oil price go up like mad, those buggers look see look see. When oil price come down a bit, they vomit like chicken. Hello! Oil price is still at historic high leh.
Stockpip: Oil price go up like mad, those buggers look see look see. When oil price come down a bit, they vomit like chicken. Hello! Oil price is still at historic high leh. (Agree of what you said: Well said)
Hibby would be happy to consolidate at Oil prices averaging at $110-115, as mentioned earlier.
If a picture says a thousand words, then a few words could also move markets......UAE just merely mentioned it would support increasing Oil production (Saudi haven't nodded yet, nor OPEC) and Oil price takes a tumble.....
Putin still holds the key to Oil and Gas prices and with a simple twist to turn off Gas to Europe.......KABOOM!
Didn't read the News yesterday? Zuraida is saying Palm Oil price could tapper off the top and come down to RM4,000??? (she added, without War issue and short supplies adjustments)
Palm Oil windfall prices also would not last long as it is not the 1st or 2nd choices for most Chinese, European or US consumption......
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Posted by williamtkb > 2022-03-10 05:26 | Report Abuse
No worries la. NATO and US ban