As mentioned earlier, little price fluctuations means nothing for the mid-term. And also Oil prices moving higher to 115, 120, 130....will not spike Hibby much at the moment (that was at 1.30)
Win995, that's why the wild price fluctuations are from "floaters" and day traders or those afraid of Margins........Commodities prices moves gradually and smoothly, up or down.
@value_seeker Your theory hold true if crude oil stays above USD70pbl. Fyi, in 2020, crude was below NEGATIVE USD30 pbl. Volatility is the name of the game. Nothing is for sure and guaranteed.
In case you were holidaying on the Moon, Y 2020 was height of Covid-19 with all manufacturing and businesses grinding to an unprecedented HALT! Who the hell needed more Oil? It's all Supply and Demand.
@BennyWhittman While you are enjoying your CNY in 2020, will you even have the slight knowledge of what will happen to crude oil prices a few months down the road?
Many open Contracts for Oil in 2020 were not honored. Shipments left out in open seas and ports. Buyers refused to take deliveries and Sellers were forced to dump stocks.
MELBOURNE (March 10): Oil prices rebounded on Thursday after the United Arab Emirates said it is committed to major producers' pact to add 400,000 barrels per day of supply monthly, hours after UAE's ambassador to Washington said his country favoured a bigger increase.
U.S. West Texas Intermediate (WTI) crude futures jumped more than $3 shortly after opening and were trading up $1.53, or 1.4%, at $110.23 at 2324 GMT. The contract had tumbled 12.5% in the previous session in the biggest daily decline since November.
UAE Energy Minister Suhail al-Mazrouei said on Twitter late on Wednesday his country is committed to the agreement by the Organization of the Petroleum Exporting Countries and allies, together called OPEC+, to ramp up oil supply gradually following sharp cuts in 2020.
"The UAE believes in the value OPEC+ brings to the oil market," al-Mazrouei said.
His comments came just hours after prices slumped on comments by UAE's ambassador to Washington that his country will be encouraging OPEC to consider higher output to fill the supply gap due to sanctions on Russia after it invaded Ukraine. Russia calls its incursion a "special operation" to disarm its neighbour.
While UAE and Saudi Arabia have spare capacity, some other OPEC+ producers are struggling to meet their output targets due to underinvestment in infrastructure over the past few years, which will limit their ability to lift output further.
"We think it will be challenging for OPEC+ to boost production in this environment," Commonwealth Bank commodities analyst Vivek Dhar said.
hahaha air1557 how are you.. who dont know him.. air1557 is fake player.. until now not even brave to take challenge paktua was challenge him.. but never dare to take it
======================== Stock: [NOTION]: NOTION VTEC BHD Aug 14, 2020 1:44 PM | Report Abuse
paktua detect hair1557 is virtual aka fake player.. after track his data on paktua legion.. after that he very angry to paktua
tut tut dare take challenge..
Stock: [NOTION]: NOTION VTEC BHD Aug 14, 2020 1:44 PM | Report Abuse
hahaha air1557 how are you.. to all if not know who air1557.. ask him to meet face to face.. he virtual trade aka fake player..
until now.. he never dare except paktua challenge.. to meet to prove Paktua con man.. or real red stock jedi..
he was paktua ex troops but left haft way thats time hlt play around 0.59-0.705 paktua 3rd regiment earn huge at hlt now no one burn any capital..
tut tut try me if dare
======================
paktua always be here at below address.. alamat: AMAL VALLEY Pusat Komuniti Amal Halal Food, No. 2G, Jalan Pandan 3/9, Pandan Jaya, 55100, Kuala Lumpur
tut tut hahaha how air1557 prove your selves first
Oils on its way back up.. Approaching US$115..irrespective if Hibiscus is transacting oil around this price this month they will have a fantastic quarter. Gas has gone up even more and 30% of hibiscus output is now gas. Even for March if we look at their quoted production of 23k barrels oil equivalent (which I think this them being conservative) @ US$110 a barrel average for march take off that's 23*110*31*4.18= RM327 million.. When oil is relatively high (like back in 2018/19) there nett profit is around 25%.. So they make RM81 million in 1 month.. That's more than the entire Q2 profit.. In one month. But I'm also sure that they will be looking to increase production (originally when they bought repsol they siad an extra 18k barrels per day.. so maybe they are also being conservative at a total of 23k per day and not 27k)..so maybe we'll be surprised.. So what happens if you have cash reserves of RM550 Mil at Dec 21, make 200mill for Q1 2022, and make even more for Q2 2022.. If you have a billion ringitt in cash you think Dr Ken and Datuk Michael won't want some of it? Haven't seen any of them selling... I wonder why..
Oil Price up 30%, Hibiscus up only 15%, when oil crash 15%, Hibiscus drop 20%, apa daaa.. hahaha Apa2 pon 25-May, Q3 (Jan-Mar) QR akan meletup, and then 25-Aug, Q4 QR (Apr-Jun) akan better than Q3. So buy at weakness, collect slowly, TP1.5 then 1.7 before Dec-22.
@kahhoeng, the calculation was correct. The actual net profit of RM48m for the Dec qtr was achieved based on average selling price of USD75/bbl for North Sabah but USD72.02/bbl for Anasuria. Then you will get gross profit of RM192m instead of RM201m calculated in example above based on USD75/bbl all.
Then you deduct RM93m of expenses and RM10m of interest costs, you get profit before tax of RM88.5m. Hibiscus paid an unusually high tax rate in the quarter with tax payment of RM40.2m so net profit is reduced to RM48m.
Today's fall to RM1.08 has closed the gap that was created on 14Mar in which Hibiscus opened at RM1.14 and had a low of RM1.13. That 3sen gap was bound to close and it did today. Today's gap RM1.34 to RM1.24 is also bound to be closed sooner or later.
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Posted by BennyWhittman > 2022-03-10 10:18 | Report Abuse
Sharkie,......price already up?.......when did I abandon you? Didn't I held you hands and comfort you?....hehehehe