Posted by kevinobc > 2022-05-30 10:24 | Report Abuse

https://oilprice.com/Energy/Energy-General/Oil-Prices-Rally-Despite-Strong-Dollar.html

Posted by mrcrab > 2022-05-30 10:30 | Report Abuse

With hurricane season, summer travel & China reopening, Crude is poised to move higher. Bear in mind Labuan crude is selling at $10 above Brent.

Posted by nazrzach > 2022-05-30 10:59 | Report Abuse

@Mrcrab,
I need to add weather forecast in my existing BusIntel.I confirm this.
'Agatha forecast to hit Mexico as Category 2 hurricane and enter Gulf
Tropical storm is predicted to rapidly intensify and could cross Mexico and become storm threat in Gulf of Mexico later next week'.
US oil reserves specifically designed for natural disaster but our friend Biden use it for his personnal war..

Posted by searchingmoney > 2022-05-30 12:22 | Report Abuse

download windy.com weather forecast from Google play...

Posted by MunChunxX > 2022-05-30 13:44 | Report Abuse

do have some hope for Hibiscus

Posted by MunChunxX > 2022-05-30 13:44 | Report Abuse

pls treat us good in 2022

Posted by zhangzuode > 2022-05-30 13:53 | Report Abuse

For those interested in Russia oil and why europe needs Russia oil here is an article:
https://thesaker.is/dear-ursula-you-are-dead-wrong/

Posted by nazrzach > 2022-05-30 14:56 | Report Abuse

I love Putin n President Xi.... muahhhhh!!
Dont get me wrong. I am not gay!!

Posted by AlwaysLearn2Invest > 2022-05-30 15:37 | Report Abuse

as the c20 has matured today, the smart money should have a good fight with the shorties and will push it back over 1.30 by this week

Posted by zhangzuode > 2022-05-30 15:44 | Report Abuse

Looking back to 2018 when Q3 18 results that was released on 28/5/18, then because the completion of N Sabah deal was 31/3/18, a negative goodwill was recognized without any barrels sold (from NS). That created a price destruction of similar magnitude. And this happened with a reduction of oil price too.

Today, the drop in price happened with a rising oil price, a double whammy. Maybe due to C20 or whatever, the market is really irrational at time. Investors really need nerve of steel. The magnitude of price drop in both cases was around 12%.
Also, there was deferment in oil sold (Anasuria in 2018) and N Sabah this time. As they said, history repeats itself.

Posted by Nepo > 2022-05-30 16:22 | Report Abuse

I believe can buy already @ RM 1.29

Posted by Nepo > 2022-05-30 16:23 | Report Abuse

to ride this rare opportunity in oil price hike

Posted by GrowthCapitalist > 2022-05-30 19:18 | Report Abuse

This guy eps is 15.32 cents yet the price is like unbelievable! I am clueless with whats going on hopefully tomorrow would up another few more percent! :)

Posted by nashvz > 2022-05-30 20:12 | Report Abuse

Dayang slowly climbing back up. share price been depressed for so long, despite rising oil price. been adding some mother shares. looking at cheap warrant, Dayang C19 warrant also looks very cheap and bargain !!

Posted by hoot9eonly > 2022-05-30 23:20 | Report Abuse

To manage to balance and stand for the share price.

Posted by hoot9eonly > 2022-05-30 23:20 | Report Abuse

Waif for another boots

Posted by Raymond Tiruchelvam > 2022-05-31 02:24 | Report Abuse

@GrowthCapitalist ..... the public spread was announced by management itself, where they stated that the top 5 or 10 largest shareholders only hold a small portion, therefore leaving a big portion out there for trading, you can say hibiscus belongs to the people...
in Q3 announced 307m profit but this included 317m of negative goodwill, therefore if you strip out -ve goodwill it was actually a loss of 10m but management justified it by saying that 1 offtake was missed in the month, where generally there is about 11 offtakes in a year and therefore there will be one mth where there there will be 1 offtake lacking and this was the mth.... for on of their reservoirs... nevertheless mngt said will make up for this in the 2m boe equivalent sales that will be made in Q4, which only time can tell

Posted by bullmarket1628 > 2022-05-31 07:49 |

Post removed.Why?

Posted by Michael Murty > 2022-05-31 09:53 | Report Abuse

EU agrees ban on most Russian oil imports
https://www.channelnewsasia.com/world/european-union-leaders-back-ban-most-russian-oil-imports-compromise-deal-ukraine-invasion-2717241

Posted by nazrzach > 2022-05-31 10:00 | Report Abuse

@Richard, you said,
Quote
'in Q3 announced 307m profit but this included 317m of negative goodwill, therefore if you strip out -ve goodwill it was actually a loss of 10m'.
Unquote
If Q3 profit MYR307mil already included with -ve goodwill MYR317mil, this means actual profit is MYR620mil.
Correct me if I am wrong.

Posted by kevinobc > 2022-05-31 10:48 | Report Abuse

https://www.nytimes.com/live/2022/05/30/world/russia-ukraine-war

Posted by kevinobc > 2022-05-31 10:48 | Report Abuse

https://www.nytimes.com/live/2022/05/30/world/russia-ukraine-war

Posted by VenFx > 2022-05-31 10:59 | Report Abuse

Need to consolidate further in tight range as it didnt kiss 1.25 .
Time will heal itself. Unwise to trade in short term.

Posted by rr88 > 2022-05-31 11:29 | Report Abuse

DOWNTREND INTACT.
Tp 1.02. Sell/stay away.

Posted by mrcrab > 2022-05-31 14:06 | Report Abuse

Brent $123.51

Posted by clouud1234 > 2022-05-31 14:27 | Report Abuse

go go go

Posted by Nepo > 2022-05-31 14:32 | Report Abuse

oil prices surge a bit fast. A ideal way is too rise bit by bit to avoid sudden collapse.
but it also good to some still waiting to buy Hibiscus at the low price RM 1.02..now you need to rush in to buy, but after buy you trap..

Posted by Nepo > 2022-05-31 14:33 | Report Abuse

Brent crude futures for July rose above $122 per barrel on Tuesday, hitting its highest since March 9, after EU leaders reached an agreement to ban 90% of Russian crude by the end of 2022, fueling concerns of an even tighter global market. The agreement resolves a deadlock with Hungary over the bloc’s toughest sanction yet on Moscow and would clear the way for other elements of a sixth package, including cutting Russia’s biggest bank from the SWIFT messaging system. However, some analysts suggested that oil price gains may be muted as the move has already been priced in by the markets. Meanwhile, demand from China is expected to pick up after the cities of Beijing and Shanghai eased Covid restrictions, with some reservations about the effect of skyrocketing petrol prices on global consumption. On the production side, OPEC+ is set to stick to its policy of modest output increases at its meeting on Thursday, rejecting western calls for faster production to lower prices.

Posted by AlwaysLearn2Invest > 2022-05-31 14:49 | Report Abuse

well done the smart money. The IDSS value is 3.1 M now, so the shorties have to buy back more and more with the increase in the IDSS value

Posted by mrcrab > 2022-05-31 14:57 | Report Abuse

who so crazy and IDSS this today?

Posted by rr88 > 2022-05-31 15:16 | Report Abuse

EU halfbaked sanction against russian oil.

Oil hit 120 and quickly came down.

If u bought 1.35, you should sell back at 1.35 n lose on brokerage.

If not, you will lose 20 cents a piece bcause its coming down to 1.14.

Posted by Titanium > 2022-05-31 15:17 | Report Abuse

if brent up to $130, not only shorty but i too will pee in my pant. Getting too scary as eventually everything will go up. Transport charges will increase and thus cause everything up. Hyperinflation coming. Keep cash also die because it get devalue

Posted by paktua73 > 2022-05-31 15:19 | Report Abuse

done paktua sold back 57% share on hand..
done sold at rm1.35..

lock back capital..
secure good profit..
just reduce share on hand..
for more ability to fight later..


tut tut
just play on own style..
just a swing plyer..

Posted by kokchengkai > 2022-05-31 15:32 | Report Abuse

what i can say to everyone ,dun make urself messy n dun make things complicated.
Hibiscus only sell Oil n Gas...no sell other service or product.
now world need Oil n Gas ...so simple.dun think too much other .

Posted by searchingmoney > 2022-05-31 15:39 | Report Abuse

paktua73, you chicken out so fast way before your 1.48 target...

Posted by zhangzuode > 2022-05-31 16:30 | Report Abuse

Anyone here knows where to get high sulfur fuel oil price?

Thanks

Posted by pang72 > 2022-05-31 17:12 | Report Abuse

Gladly in green!!

Posted by ks5S > 2022-05-31 17:12 | Report Abuse

,Paktua sudah nyanyuk.

Posted by mrcrab > 2022-05-31 17:19 | Report Abuse

Nice closing.

Posted by rattynz > 2022-05-31 17:24 | Report Abuse

Who was mopping up at 1.40... Not rr88 I guess

Posted by rr88 > 2022-05-31 17:27 | Report Abuse

Once in a blue moon, got stupeeeed fund comes to hand out free money at market close.

They do that on a handful of stocks today like cimb, maxis, maybank etc. And hibiscus is one of them. Lucky you!

When you see these huge volume come to buy few bids above market price between 4.45 and 4.50 pm, you quickly key in way below asking price to make sure you get this free money at 4.50 pm. Bcause the next day price will open gap down to the 4.45 pm last done price.

I hv tasted these free money quite a number of times before. It came out of the blue, without warning, between 4.45 to 4.50 pm.

Posted by rattynz > 2022-05-31 17:35 | Report Abuse

Perhaps it came out of the blue becuase hibiscus is way too cheap.. If they handed screwed up there off take timing for Q3 the shareprice would be at 1.60+ by now.. So 1.40 looks like a bargain.. And with oil at 120 (130 for hibiscus) it's not going down tomorrow..

Posted by rattynz > 2022-05-31 18:01 | Report Abuse

So someone now has a acquired a not insignificant position of 2% of hibicus at 1.40.. Will be an interesting few days ahead.. Are they shorting or accumulating..anyway of know who it was?

Posted by kakiminyak > 2022-05-31 18:02 | Report Abuse

Agreed.

Posted by kakiminyak > 2022-05-31 18:04 | Report Abuse

Ha! Just noticed the word agreed has GREED in it. What did WB say? Be greedy when others are fearful!!!!!!!

Posted by Nepo > 2022-05-31 19:54 | Report Abuse

It is MSCI investment adjustment for the next quarter onwards. And yes, those counter selected are in the one that MSCI focused on and congratulations this includes Hibiscus

Posted by kakiminyak > 2022-05-31 20:38 | Report Abuse

Nepo Where did you see this info? Most speculation was related to expiry of call warrant.

Posted by Raymond Tiruchelvam > 2022-05-31 21:21 | Report Abuse

Month end window dressing I'm guessing, from 1.35 to 1.40 without gap very unusual.... but then again Brent shot up too, as well as usual vs RM, tripple whammy gain for hibiscus... Brent up, RM down since crude sold in USD, and 2m boe awaiting Q4 sales.

Posted by ks5S > 2022-05-31 21:24 | Report Abuse

will test 1.50 again

Posted by Nepo > 2022-05-31 21:51 | Report Abuse

https://tw.news.yahoo.com/%E5%8F%B0%E7%A9%8D%E9%9B%BB%E5%B0%BE%E7%9B%A4-271-%E5%84%84%E8%B2%B7%E7%9B%A4%E6%8B%89%E5%8D%87-%E8%B2%A2%E7%8D%BB%E5%8F%B0%E8%82%A1-116-%E9%BB%9E-072955430.html

It is Taiwan news, but the same apply to Malaysia