Let me again be your fake technical analyst for the day. Hibiscus has broken previous resistance at 1.38 and holding above the resistance level for now. Barring oil price sharp correction, Hibiscus is expected to scale new heights. As to when it would reach another meaningful resistance, use volumes from end of Feb to mid March as a guide. Don't trust technical analysts, they can always twist and turn like fortune tellers.
Just be a bit patient. Q1 22 results will be very good, but Q2 22 results will be marvelous.. I reckon RM150mill and almost RM400 mill respectfully.. I believe they are pumping more than they indicated..Close to 30000 barrels a day.. Oil price for Q2 for them will average over US$115 a barrel and USD also now 4.4.. Profit margins also increase as oil goes up, for every dollar of profit above operation break even around 40% is tax bit the rest is pure profit. If you do the math for Q2 you might surprise yourself
KUALA LUMPUR, May 21 — The Minister of Finance (Incorporated) MoF Inc may provide financial assistance to ailing oil-and-gas giant Sapura Energy Bhd, according to sources.
Sources familiar with developments at the wholly-owned Finance Ministry unit told The Edge that the intervention would be made under MoF (Inc) Act, which empowered the finance minister to enter into business transactions for social and strategic purposes.
"From what I know it is MoF Inc that will step up (lend a helping hand to Sapura Energy. What is discussed at present is some sort of assistance package...it could be a grant of some sort and it could be announced soon," one source was quoted as saying in the latest edition of The Edge.
It also said Finance Minister Tengku Datuk Seri Zafrul Aziz has been working on the proposal for several weeks......
KUALA LUMPUR, May 21 — The Minister of Finance (Incorporated) MoF Inc may provide financial assistance to ailing oil-and-gas giant Sapura Energy Bhd, according to sources.
Sources familiar with developments at the wholly-owned Finance Ministry unit told The Edge that the intervention would be made under MoF (Inc) Act, which empowered the finance minister to enter into business transactions for social and strategic purposes.
"From what I know it is MoF Inc that will step up (lend a helping hand to Sapura Energy. What is discussed at present is some sort of assistance package...it could be a grant of some sort and it could be announced soon," one source was quoted as saying in the latest edition of The Edge.
It also said Finance Minister Tengku Datuk Seri Zafrul Aziz has been working on the proposal for several weeks......
@looiting. I'm not sure why but when I read your comment, it seems like you envy the retailer and wish to get trapped too. Hehe. .....trapped in the King Solomon mines??
Can we just relax and hope the result is better rather than accuse bad things without any prove .....what is your mentality .....please be positive,....
I think is due to expectation. Some might expect PAT 100M. Some expect 150M and others might expect 200M. Also, this QR result will not be the best yet as Jan - Mar average oil price is lower than Apr & May. Furthermore, Annasuria critical component is not repair yet. Then only able tp produce 60 to 70%. That is why it somehow impact Hibiscus performance. If oil price continue at 100 till year end and 1usd =Rm4.4, hibiscus si beh ang ang ah. I will just do nothing. It will just get better and better.
I believe the management should or can sell all existing oil stocks to monetise the high crude price. Drilling and selling it at a high price is a different story. We need the management to sell at the best possible price to translate them to profits.
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ks5S
4,601 posts
Posted by ks5S > 2022-05-19 13:18 | Report Abuse
confirm profit 150 MIL.