Posted by Nepo > 2022-05-31 21:52 | 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

Posted by Nepo > 2022-05-31 21:52 | Report Abuse

https://tw.news.yahoo.com/%E5%8

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

Posted by Nepo > 2022-05-31 21:52 | 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

Posted by Nepo > 2022-05-31 21:54 | 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

Posted by Moneymore > 2022-05-31 22:59 | Report Abuse

Reversal kick off, MACD turns positive, expecting to test 1.50 in 5-10 days time.

Posted by Raymond Tiruchelvam > 2022-05-31 23:55 | Report Abuse

@nazrzach .... no thats not correct, q3 showed overall profit of 307m, which includes 317m gain of -ve goodwill (as IFRS says any -ve goodwill shd be charged to profit and loss account). Therefore to get to the "real" profit before -ve goodwill, its 307 - 317 = -10.... but mngt justified this loss by saying that they were short of 1 offtake which did not take place, otherwise i guess it would have been perhaps 20-25m profit. Remember q3 only sold about 500,000 boe, which is low, in the whole of q1-q3 total sales was 2.6m boe. Lastly, mnt forecasts that they will sell 2m boe in q4. This q4 sale will most probably (unless brent crashes in June) be at higher per unit sale compared to q3 and previous quarters. Hope this is clear.

Posted by rr88 > 2022-06-01 08:30 | Report Abuse

Jeng, jeng jeng...
DOUBLE WHAMMY today.
First whammy, window dressing buying above market price yesterday.
2nd whammy, oil dropped fr 120 to 116 overnight.
See you at 1.14...

Posted by mokluhanj21 > 2022-06-01 10:14 | Report Abuse

Shanghai just re-opened. Imagine that impact on oil and BDI.

Posted by Titanium > 2022-06-01 10:56 | Report Abuse

I will wait for rr88 1.14 to buy more. Pls short till 1.14 if you can.

Posted by icecool > 2022-06-01 15:53 | Report Abuse

oil up price drop
how to trade ?

Posted by Sepolcmd > 2022-06-01 16:46 | Report Abuse

Today bear trap for tomorrow pecutla. Pe very low compare petronm and hengyuan.

Posted by flyinv > 2022-06-01 20:36 | Report Abuse

casino market..heavily manipulated..typical retailer screwed big time

Posted by dlau8899 > 2022-06-01 21:30 | Report Abuse

Oil price up, may go to 1.40 again tomoorow

Posted by nazrzach > 2022-06-01 21:44 | Report Abuse

@Richard,
Where you park -ve goodwill in P&L MFRS format?

Posted by iPlay > 2022-06-01 21:57 | Report Abuse

Again....
Not moving despite good QR results...
This is Elon Musk effects..... "EV does not need fuel"..... 'Oil is sun set industry' they said!!! ..... wtf
( *** I have invested in Hibi too, currently)

Posted by nashvz > 2022-06-02 07:25 | Report Abuse

sold some HIBISCS. lock profit. now turn for Dayang to shine

Posted by bullmarket1628 > 2022-06-02 07:41 |

Post removed.Why?

Posted by BobAxelrod > 2022-06-02 08:20 |

Post removed.Why?

Posted by VenFx > 2022-06-02 08:39 | Report Abuse

Brent trading range ~ usd116.14 to 111.70
immediately resistance : usd115.90
plus tomorrow is friday, risks are waiting.

Posted by VenFx > 2022-06-02 08:44 | Report Abuse

If Brent to convincingly cut above usd117.61 would bring further upside .

Posted by newbie8080 > 2022-06-02 09:04 | Report Abuse

Actually, crude oil above USD100 pbl is already very profitable for o&g companies. Whether is USD110 or USD120, it's matter of earning more or a lot more.r
In view that, 2 major o&g companies ; Serba and Sapura have collapsed, that leaves the investing community with only Yinson, Dialog, and Hibiscus in Bursa.

Posted by VenFx > 2022-06-02 09:41 | Report Abuse

Smart money care more in the market sentiment and index.
Thus, purely navigates basing F.A. may put one investment in risk in short term.

Commodities apply long term shud deal with the dynamic environment.
Which is no one can guarantee a single thing.

Agree ?

Posted by twynstar > 2022-06-02 10:23 | Report Abuse

Average Brent Oil Price

April 2022 : USD 105.82/bbl

May 2022 : USD 110.92/bbl


https://www.investing.com/commodities/brent-oil-historical-data

Posted by DragonG > 2022-06-02 12:11 | Report Abuse

Thank you @twynstar. To date Q4 average is USD 108.67.

Posted by paktua73 > 2022-06-02 12:17 | Report Abuse

paktua now on good position..
with 43% balance share on hand..
average at rm1.28..

and with 57% ammo on hand
paktua have abilities to fight on any wave..

will ride with 43% balance share..
on own target above rm1.48 to sold all..

but..
if down back hit rm1.25-1.20..
also no worries..
still have 57% ammo on hand to fight back..



tut tut
always do what swing player always do..
always stick with own style..

Posted by Skynet2022 > 2022-06-02 13:29 | Report Abuse

I was told, this is the goreng share, is it true? Why price keep coming down?

Posted by CurryBento > 2022-06-02 13:37 | Report Abuse

brent above 100 noice

Posted by nazrzach > 2022-06-02 13:43 | Report Abuse

@skynet2022,
What do you mean by 'goreng share'? Can you be a bit more specific, pls?

Posted by newtrader1989 > 2022-06-02 20:31 | Report Abuse

Buy buy buy

Posted by Nepo > 2022-06-02 22:42 | Report Abuse

No worries. Buy in and Ride the perfect storm

Posted by dchin472 > 2022-06-02 23:48 | Report Abuse

all in hibiscs

Posted by Skynet2022 > 2022-06-03 06:36 | Report Abuse

nazrzach
I was told the price has been goreng up.

Posted by bullmarket1628 > 2022-06-03 08:05 |

Post removed.Why?

Posted by zhangzuode > 2022-06-03 08:43 | Report Abuse

Skynet2022, everyday bullmarket1628 comment on the oil price and always end with Hibiscs going limit up; maybe this is what you heard, goreng up.

Apology bullmarket1628, for the pun, but always appreciative for the updates on oil price.

Posted by nazrzach > 2022-06-03 09:32 | Report Abuse

@skynet2022,
In Malaysia, Hibiscs is as the same top tier as other oil operating company e.g Murphy's oil, Carigali-Hess, Shell Sabah, PTTEP, Petronas Carigali and etc.
I was from oilngas industry [upstream] where other ppl commute to work by car, we commute to work by heli or OSVs. Hibiscs has expertise to turn brownfield blocks to greenfield unlike Petrofac UK.
You will learn more about oilngas Exploration & Production here.
Many analysts foresee crude oil and natural gas will either remain at elevated level or even go higher. Everyday, crude oil goes up, this will increase daily revenue for hibiscs.
Lets see if hibiscs can end FY22 with revenue MYR1.6bil.

Posted by nazrzach > 2022-06-03 09:50 | Report Abuse

U.S. oil stockpiles fell by more than expected last week, the Energy Information Administration said on Thursday.

Crude oil inventories fell by 5.068 million barrels last week, compared with analysts' expectations for a draw of 1.35 million barrels.

Posted by newbie8080 > 2022-06-03 09:57 | Report Abuse

Opec will increase another 200k pbl in July and August. Seems they need at least 12mth-15mth to replace the 1.8mil pbl crude oil supplied to EU which is 90% ban by year end.
Russia currently supplies crude oil of 5 mil pbl and 36% goes to EU bloc.
https://www.cnbc.com/2022/06/02/oil-prices-eu-sanctions-russia-saudi-arabia-output-opec.html
https://www.cnbc.com/2022/05/31/oil-prices-eu-russian-crude.html

Posted by nazrzach > 2022-06-03 11:47 | Report Abuse

Hibiscs is listed in FBMKLCI 70
FYI

Posted by izoklse > 2022-06-03 12:31 | Report Abuse

bila la nak naik at least RM 1.5

Posted by kakiminyak > 2022-06-03 20:24 | Report Abuse

Kasi turun lagi baru boleh top up sampai all in. Lepas itu boleh naik lah.

Posted by kevinobc > 2022-06-04 00:50 | Report Abuse

https://edition.cnn.com/2022/06/03/energy/oil-prices-what-next/index.html

Posted by bullmarket1628 > 2022-06-04 06:39 |

Post removed.Why?

Posted by zhangzuode > 2022-06-04 09:23 | Report Abuse

Another nail in the coffin of increasing oil supply:
https://oilprice.com/Latest-Energy-News/World-News/Judge-US-Must-Conduct-Climate-Review-Of-Leases-Before-Drilling-Can-Commence.html

Posted by BobAxelrod > 2022-06-04 16:12 |

Post removed.Why?

Posted by nazrzach > 2022-06-04 23:50 | Report Abuse

President Joe Biden’s planned visits to Saudi Arabia and Israel later this month have been postponed until July, several officials told NBC News on Friday.
Biden’s plans to visit Saudi Arabia came under swift scrutiny given that the president’s own past comments about the oil-rich country. On the campaign trail, Biden promised to treat as a “pariah” following the killing of journalist Jamal Khashoggi in the Saudi Consulate in Istanbul. The CIA concluded in 2018 that Crown Prince Mohammed bin Salman, Saudi Arabia’s de facto ruler, had ordered Khashoggi’s killing.

Posted by BobAxelrod > 2022-06-05 10:51 |

Post removed.Why?

Posted by BobAxelrod > 2022-06-05 10:52 |

Post removed.Why?

Posted by BobAxelrod > 2022-06-05 10:54 | Report Abuse

Come winter 2022 in a few months............jeng, jeng, jeng.......Russia would have no need for Russian Roulette. USA is already in panic mode and planning 5 months ahead.

Posted by zhangzuode > 2022-06-05 15:40 | Report Abuse

Sharing ...
https://www.zerohedge.com/markets/it-too-late-buy-oil-stocks

Posted by apple168 > 2022-06-05 16:49 | Report Abuse

URGENT INFO, UK GOV IMPOSING ADDITIONAL 25% WINDFALL TAX TO OIL PRODUCERS IN UK!

HIBISCUS 40% REVENUES ARE FROM UK OIL PRODUCTION. PROFITS WILL BE SLUMPED GREATLY BY THIS WINDFALL TAX!

BIG BOSSES GIVEN INSTRUCTIONS TO SHORT HIBISCUS NEXT TRADING DAYS. EXPECTING HIBISCUS BELOW 1.00 SOON!