Posted by ks5S > 2022-06-05 18:34 | Report Abuse

next week bull

Posted by ks5S > 2022-06-05 18:38 | Report Abuse

oil price steady uptrend

Posted by rattynz > 2022-06-05 21:50 | Report Abuse

Apple168.. Sorry u are really full of it. Hibiscus has a very small set up in the UK.. It will also benefit from the UKs drive for energy self sufficiency which will help them unlock marigolds assest. Would be great if you actually bought something to the table which was positive.. From what I can see Hibiscus is going to have a HUGE quarter and the only direction their share price is going is up!

Posted by VTrade > 2022-06-05 22:46 | Report Abuse

Previous apple active in Hyuan
They work in team as she say la.

Posted by GrowthCapitalist > 2022-06-06 01:01 | Report Abuse

Ini Apple, mesti x baca ER betul betul! Treat stock macam exam la! Be meticulous and you will be rewarded. Please take a look on their operating segment financial and you would know how much is their gross profit from UK. It is 66mil out of total, 261mil and only 15% bbl is accounted. still a small portion to lose from this windfall tax. They can't be stringent in the future due to demand shortage will be there very soon. Do come back in July later. :)

Besides, the average price sold is USD96/bbl. In coming month, the average is around USD 115 if it hits above $120 just do the simple math and you get the picture. Cheers! Tomorrow cuti!

Posted by nazrzach > 2022-06-06 11:54 | Report Abuse

Gas prices reached yet another record high national average of $4.85 per gallon on Sunday, according to the American Automobile Association, and have been climbing steadily for months.

Posted by kevinobc > 2022-06-06 15:16 | Report Abuse

https://www.nytimes.com/2022/06/05/business/biden-oil-saudi-arabia.html

Posted by nazrzach > 2022-06-06 18:27 | Report Abuse

The FTSE 100 and European stocks jumped at the open as oil prices continued their rise and an easing of COVID restrictions in China boosted Asian markets.
BP and Shell were the biggest drivers of gains, rising 2% and 1.1% respectively as Brent crude oil jumped above $120 a barrel.

Posted by zhangzuode > 2022-06-07 07:54 | Report Abuse

An alternative view on energy issues in europe and food crises: https://www.youtube.com/watch?v=7Amq-cmGZCQ

Posted by Icon 888 > 2022-06-07 09:42 | Report Abuse

Wow Oil 120

Posted by VenFx > 2022-06-07 09:53 | Report Abuse

2 immediate Brent oil price to monitor for the week
are Usd118.00 & 123.00

Posted by newbie8080 > 2022-06-07 09:55 | Report Abuse

https://www.cnbc.com/2022/06/06/cramer-buy-the-dip-in-oil-stocks-stay-away-from-everything-else.html

Posted by rattynz > 2022-06-07 10:02 | Report Abuse

What's even more interesting is that Malaysian Tapis Crude is over US$132!

Posted by nazrzach > 2022-06-07 12:00 | Report Abuse

Estimation Earning for 4QFY22 and FY22
Estimated oil production for 4QFY22
Malaysia, barrels ----------------> 1,256,701
UK, barrels --------------------------> 161,000
Total, barrels (exclusding gas) --> 1,417,701
Group PBT, MYR
Malaysia ----------------------> 330,261,022
UK (after windfall tax) --> 31,733,100
Total Group PBT, MYR --> 361,994,122
Estimation is based on crude oil only.

Profit to date ------------> 397,600,000
Estimated PBT for FY22 ------> 759,594,122
Less MY windfall tax, 33% ----> 508,928,061
Gas revenue excluded.

EPS for FY22 ---------> 25sen
Current PE ratio -----> 6
Estimated share price -----> 1.50
Standard PE ratio for same industry ---> 10
Share price -----> 2.50; at PE ratio = 10

Posted by hoot9eonly > 2022-06-07 12:08 | Report Abuse

This week bull or bear

Posted by nazrzach > 2022-06-07 12:28 | Report Abuse

There is no selloff, thats for sure. All market sentiment favours hibiscs. Crude oil price remains at elevated level. Strong US Dollar due to high interest rate to fend of inflation and high demand in arms sales. Market is now undecided and waiting for hint to make major move.

Posted by newbie8080 > 2022-06-07 14:23 | Report Abuse

When the next qr results coming, everyone will rush to buy in the expectation of the offtakes missed in Q3 will be reflected in revenue and net profit.
Just sit and watch

Posted by rattynz > 2022-06-07 15:55 | Report Abuse

Seems like someone's trying to manipulate the price appreciating with roadblock offloading alot at 1.31.. nazrzach..need to include gas (is 30% BOE of their total offtake). Also no windfall tax for Malaysia..they already pay 38%..

Posted by nazrzach > 2022-06-07 15:58 | Report Abuse

Hibiscs uses barrels for gas. I dont know how much USD per barrel for gas. Sorry.

Posted by nazrzach > 2022-06-07 16:00 | Report Abuse

@rattynz,
Yes. I agree with you someone blocks hibiscs from going up.Always the same no of ppl, 60, 40.

Posted by apple168 > 2022-06-07 16:11 | Report Abuse

Distribution phase and then crashing below 1.00. Short9e!

Posted by value_seeker > 2022-06-07 18:01 | Report Abuse

Guys, we must get ready to hold everything. The time has come to celebrate. What we being waiting has come. Apple168 comes to short means the stock will move in super time.

Posted by value_seeker > 2022-06-07 18:10 | Report Abuse

The uptrend is going to be fast and furious.

Posted by value_seeker > 2022-06-07 18:13 | Report Abuse

she shorted Heng Yuan and Heng Yusn shoot up from 4 plus to 6 plus.

Posted by mokluhanj21 > 2022-06-07 18:36 | Report Abuse

Interesting proxy to a strong dollar.

Posted by flyinv > 2022-06-07 20:05 | Report Abuse

they want to collect cheap tickets brah...me too, stiĺl waiting for entry.

Posted by kahhoeng > 2022-06-07 20:16 | Report Abuse

alas, when's my 1.70? Hope to see 1.85...

Posted by nazrzach > 2022-06-07 20:33 | Report Abuse

If anyone wants cheap ticket, pls go to Borneo Oil. Very cheap.

Posted by kevinobc > 2022-06-07 20:53 | Report Abuse

https://www.thestar.com.my/business/business-news/2022/06/07/oil-prices-inch-higher-on-relaxed-china-covid-curbs-tight-supplies

Posted by twynstar > 2022-06-07 21:30 | Report Abuse

Goldman Again Hikes Oil Price Target, Now Sees Barrel Hitting $140, Up From $125



https://www.zerohedge.com/markets/goldman-again-hikes-oil-price-target-now-sees-barrel-hitting-140-125

Posted by twynstar > 2022-06-07 21:31 | Report Abuse

Citi And Barclays Raise Oil Price Forecasts


Citi’s second-quarter 2022 Brent forecast is now seen at $113 per barrel.

Barclays now sees Brent prices averaging $111 this year and next.


https://oilprice.com/Energy/Oil-Prices/Citi-And-Barclays-Raise-Oil-Price-Forecasts.html

Posted by nazrzach > 2022-06-07 21:41 | Report Abuse

Increased reliance on renewable energy has been blamed for power outages in such states as California and Texas. Solar and wind power are intermittent, so periods of high demand are not always matched by output. In one extreme example, wind turbines froze up during an historic winter freeze last year in Texas, contributing to blackouts that caused 246 deaths and at least $195 billion in damage.

Posted by twynstar > 2022-06-07 21:49 | Report Abuse

Corporate and Business Update
Kuala Lumpur, 7 June 2022 – 6.45pm


Our discontinuance of the payment of SST under protest (in the case of RML) and our non-payment of SST (in the case of SEA Hibiscus) may lead to the state authorities taking action against HPB, its subsidiaries and / or its directors.


https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=126731&name=EA_GA_ATTACHMENTS

Yes, we need these excellent directors with "big balls" to make risky decision. Not the " Yes Man" directors. That's why I will hold tight tight hibiscus

Posted by nazrzach > 2022-06-08 09:26 | Report Abuse

Sabah has no rights to ask for SST from RML and HPB since Malaysian Government have given them royalty every year.
Sarawak on the other hand can ask for SST only if any oil companies use their storage, distribution facilities.
Labuan belongs to Sabah once under Mohd Salleh tenure. Once Mohd Salleh got to know Dr M wanted Labuan to be a part of FT, Mohd Salleh bought acres of land in Labuan esp in Asian Supply Base, Layang-Layang. Mohd Salleh made a fortune at that time.
In many case, GLC often asked by IRD to pat arrear taxes which many GLC filed court cases to ask permission not to pay e.g. TNB. In many case, GLC won.
In short, there is no risk that HPB will have to pay Sabah Government SST.
FYI.

Posted by GoodBoy > 2022-06-08 09:30 | Report Abuse

Be cautious ... Hibiscus said its discontinuance of the payment of SST under protest (in the case of RML) and non-payment of SST (in the case of SEA Hibiscus) may lead to the state authorities taking action.

"It is possible that such action may cause disruption to the group's operations.

Posted by nazrzach > 2022-06-08 09:35 | Report Abuse

Its very unlikely. Short sellers love bad news. They short without basis.
Sabah Government wont take action on HPB because Kinabalu block is under PSC. They will drag Petronas and Malaysian Fed Government to court which Dr M and Shafie would like to. Both of them wants money for personal gain. Since Sabah is now under BN rule, we will see they will not pursue this in court.

Posted by newbie8080 > 2022-06-08 09:35 | Report Abuse

North Sabah contribution estimated for Q4 is abt 1.2 mil bbls including missing offtakes from Q3.
with 5% SST removed, could boost bottomline by RM12mil to RM15mil.

Posted by nazrzach > 2022-06-08 09:51 | Report Abuse

@Goodboy,
You forgot to add this.
Quote
However, after due and careful consideration of the position on a good faith basis, the Board believes that
its decision is reasonable, proper and in the best interest of the Company.
Unquote
HPB Board of Directors

Posted by rattynz > 2022-06-08 10:04 | Report Abuse

The interesting thing about that statement is that they confirmed that they did offtake 350,326 barrels on 24th May from Kinabalu.. Which reinforces the numbers they presented in their Q3 offtake schedule which to me confirms that production is going to plan and Q4 figures will be exceptional.

Posted by GoodBoy > 2022-06-08 10:08 | Report Abuse

Rely on good faith basis ? ... Cautious ...

Posted by nazrzach > 2022-06-08 10:17 | Report Abuse

@Goodboy,
What HPB means by good faith is that knowing Sabah Government has no power to ask for SST, HPB has no intent to ask Sabah Government to return their money and plus interest.
Case CLOSED.
Court adjourned.

Posted by Sepolcmd > 2022-06-08 11:12 | Report Abuse

All waiting wti above $120

Posted by air01557 > 2022-06-08 12:12 | Report Abuse

Hibiscus will hit 1.50 soon as crude oil will continue uptrend in Summer.

Posted by VFTRADER > 2022-06-08 12:12 | Report Abuse

Citi And Barclays Raise Oil Price Forecasts
Citi’s second-quarter 2022 Brent forecast is now seen at $113 per barrel.
Barclays now sees Brent prices averaging $111 this year and next.
***********************

This means Citi & Barclays going to "long" Oil [Both of them give up "short" oil]

Watch out Hurricane session to hit MEXICO BAY in June & Jul.

Posted by nazrzach > 2022-06-08 21:31 | Report Abuse

Ownership Breakdown
Private Companies 5.4%
Individual Insiders 12.4%
Institutions 31.6%
General Public
---------------------------
Hibiscus Upstream Sdn Bhd 5.41%
Kenneth Pereira 3.47%
Principal Global Investors, LLC 3.07%
Urusharta Jamaah Sdn Bhd 2.89%
Vee Mun Tang 2.76%
Kenanga Investors Berhad 2.21%
Chai Beng Lim 2.17%
Lazard Asset Management LLC 2.09%
Roushan Arumugam 1.91%
EPF 1.74%
Bank Julius Bär & Co Ltd., 1.47%
KWAP 1.39%
AIA Investment 1.34%
DBS 1.27%
Phillip Capital Management SB 1.15%
UBS Asset Management 1.03%
Kenanga 0.85%
Chin Sean Lim 0.7%
Mariam Parineh 0.67%
Makmur Pheim Dana 0.54%
State Street Global Advisors, Inc. 0.4%
Dimensional Fund Advisors LP 0.32%
KAF Investment Funds Berhad 0.32%
Zaha Binti Zahari 0.22%
TA Investment Management Berhad
0.18%
------------------------------
 

Posted by Raymond Tiruchelvam > 2022-06-08 22:02 | Report Abuse

how some none of i3investors on the list ?..... LOL looks like all here kaki sembang and kaki lawak only

Posted by nazrzach > 2022-06-08 22:14 | Report Abuse

The CEO of global commodities trader Trafigura said oil prices could soon hit $150 a barrel and go higher this year, with demand destruction likely by the end of the year.

Posted by nazrzach > 2022-06-08 22:15 | Report Abuse

They are in General Public which constitute 50.4%.

Posted by Icon 888 > 2022-06-09 00:47 | Report Abuse

Hohoho… santa Clause come

Posted by ks5S > 2022-06-09 07:10 | Report Abuse

today hibiscus rocket up