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!

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