Posted by NatsukoMishima > 2022-07-14 21:37 | Report Abuse

Hibis holder will know the meaning of run no way soon ! 60 sens coming !

Posted by treasurehunt > 2022-07-14 21:40 | Report Abuse

Expecting DJ 24k by the end due to the stubborn high crude oil prices.

Posted by treasurehunt > 2022-07-14 21:44 | Report Abuse

The stubborn high crude oil prices is created by mad unlimited QE. Karma!

Posted by kahhoeng > 2022-07-14 23:09 | Report Abuse

brent was traded between 100 and 120 from Jan 2011 till Jul 2014...

Posted by icecool > 2022-07-14 23:09 | Report Abuse

$97 a barrel

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

do take note that RM has weaken as well. even if the crude is cheaper now, exchanging it back to RM? financial report in RM. need to take that into consideration too.

Posted by maxprofit2020 > 2022-07-15 09:39 | Report Abuse

the trend is a waterfall dropping, it seems similar to what happen in year 2020 when covid started. definitely it will rebound but before that it will be a sharp drop, now still in progress of trending down.

Posted by frankkoh > 2022-07-15 11:35 | Report Abuse

To me, Hibiscus is a mini PETRONAS.

Posted by harold8990 > 2022-07-15 14:31 | Report Abuse

slowly2 collect

Posted by MM78 > 2022-07-15 17:23 | Report Abuse

Hibisccus average oil producing cost is low enough to make good profit even oil price drops to $ 80/ barrel .Its newly purchased oil fields in Repsol deal , would boost its profitability in the foreseeable future. Coming quarterly report would be a confidence booster.

Posted by BobAxelrod > 2022-07-15 19:41 |

Post removed.Why?

Posted by BobAxelrod > 2022-07-15 19:42 |

Post removed.Why?

Posted by BobAxelrod > 2022-07-15 19:42 |

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Posted by kakiminyak > 2022-07-16 00:41 | Report Abuse

Just watch putin come July 21st. Will he turn the gas back on for Europe. If he does not then oil will get a major boost. Just for everyone's information Nordstream pipeline is under service and repair , GAS has been turned off to the Euro countries. Some analyst are warning of major consequences if Putin decides not to turn the gas back on.

Posted by BobAxelrod > 2022-07-16 09:22 |

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Posted by BobAxelrod > 2022-07-16 09:26 |

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Posted by BobAxelrod > 2022-07-16 09:29 | Report Abuse

After sleepy Joe's meeting with the Crown Prince yesterday, any good news announced on Oil supply agreement from US Media???.....zilch....nada....zero....Biden on bent knees also didn't help. Slap, slap!..

Posted by zhangzuode > 2022-07-16 09:48 | Report Abuse

Bob, there is currently no gas flow thru NS1 due to schedule maintenance until July 22.
https://www.zerohedge.com/markets/world-braces-europes-july-22-doomsday

Posted by BobAxelrod > 2022-07-16 09:55 | Report Abuse

Thanks for the update.

Posted by bullmarket1628 > 2022-07-16 11:40 |

Post removed.Why?

Posted by harold8990 > 2022-07-16 17:21 | Report Abuse

Hibiscs will be back..but give chance to collect enough first

Posted by twynstar > 2022-07-17 15:10 | Report Abuse

Thanks for current weak sentiment, finally able to accumulate and switch to Hibiscs till 45% of my portfolio ( other 55% is Genting Berhad only). As a long term investor, I am willing to take the risk to grow my wealth for next 3 to 5 years together with hibiscs and Dr Kenneth.

Posted by twynstar > 2022-07-17 19:18 | Report Abuse

Warren Buffett kept telling us, “ Don’t buy stock, just buy business”. Why I prefer Hibiscs business than other company :

1) Debt free company
– no risk of bankruptcy
– no worry in current higher interest rate environment

2) No inventory risk
– Hibiscs able to sell out every single drop of crude oil and natural gas it produces

3) Low cost producer
– average OPEX below USD 20/bbl
– if Brent price more than USD 30/bbl, Hibiscs able to generate positive cash flow by delaying CAPEX ( less risk of bankruptcy)
– if Brent price more than USD 40/bbl, Hibiscs able to generate net profit
– if Brent price ranging USD 50-70/bbl, Hibiscs able to generate margin of net profit around 10-20%
– if Brent price more than USD 70/bbl, Hibiscs able to generate margin of net profit more than 20%
– if Brent price more than USD 80/bbl, Hibiscs able to generate strong free cash flow
– FYI, Hibiscs can sell crude oil with Brent price at least 5% premium.

4) Excellent management team
– always acquired valuable oilfields at extremely low price during low Brent price environment
– able to maintain average OPEX below USD 20/bbl without compromising safety issues.

5) Strong moat
– no obvious upstream competitor in Malaysia for next 5 years
– Very difficult to get borrowings from bank or private fund to start up a brand new upstream oil and gas company due to ESG issue
– company needs to have experienced management team, good track records and strong financial sheet to deal business with Shell, ExxonMobil, BP Oil, Repsol, Petronas, PetroVietnam and Trafigura.
– During Repsol assets bid last year, Repsol chosen Hibiscs even though Hibiscs’ bid price was lower than his competitors

So, can you recommend me another company in Malaysia better than Hibiscs which has excellent management team, debt free, no inventory risk, low cost producer and strong moat?

Posted by harold8990 > 2022-07-17 21:27 | Report Abuse

shhhhh...its good that this counter is quiet now..hidden gem.

Posted by rattynz > 2022-07-18 01:51 | Report Abuse

My sentiments exactly Twynstar, well put. I also like that they have diversified into gas.. Which is way up this month and we know the supply problems Europe is having.. I also think they are ambitious and want to continue to grow, they have very valuable assets to develop in the north sea which, through partnership, may cost them nothing.. I also don't think that Singapore Energy SPAC has gone away either.. A great business with vision. Exciting times ahead

Posted by Windy1974 > 2022-07-18 09:24 | Report Abuse

So boring so just let me be your fake technical analyst for the day. After Hibiscus broken RM1, it has dropped to the fibisucker support of 0.80-0.84. With the low volumes currently, means margin call etc no longer exists for now (I double confirmed with my Maybank broker) Going forward, up or down, it's as easy as flipping your coin and choose. However, i choose UP because my sharman told me that the moon is alligned with the sun and it means flower blossom.
You better believe me because i am the creator of bitcoin. I didn't reveal my identity because i just wanna help the world

Posted by VFTRADER > 2022-07-18 09:55 | Report Abuse

The valuation of Repsol Assets (for divestment purpose) was based on Brent oil price at US$56/barrel from 2021 - 2025.

Year US$/Barrel
2021 - 60
2022 - 57
2023 - 55
2024 - 53
2025 - 55

Assume Brent oil is:
2022 - 2023 : ave US$80/barrel
2024 - 2025 : ave US$70/barrel

Alamak!!
what will happen to Hibiscus????

Posted by Phoebe > 2022-07-18 11:01 | Report Abuse

Make a rough calculation base on the info provided by Hibiscus analyst report and upcoming QR should produce a profit between RM 300M to RM 350M. If i use the same amount of Boe of oil and gas for next year at average of USD 80, i think it should generate a profit of RM 400 to 500 Million. Just a very rough estimation. Hence, not a bad profit for the company.

Posted by bullmarket1628 > 2022-07-18 11:21 |

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Posted by birdparadise > 2022-07-18 11:47 |

Post removed.Why?

Posted by zhangzuode > 2022-07-18 13:26 | Report Abuse

Nine months revenue = RM 1.08B; Free Cash Flow = RM616M-79M(Capex)-21M(Intangible) = RM516M
Estimated 12 months revenue = RM 1.83B; FCF = RM 850M
With such large FCF, what to do with cash? Buy back shares? 10sen dividend? Keep to develop Sunflower/Marigold?

Posted by bullmarket1628 > 2022-07-18 14:23 |

Post removed.Why?

Posted by bullmarket1628 > 2022-07-18 14:38 | Report Abuse

Wow, Fantastics !

Now Hibiscs already traded at=> 0.87 (+0.05)(+6.1%) !



Heng ah, Ong ah, Huat ah !

Posted by bullmarket1628 > 2022-07-18 14:40 | Report Abuse

Wow, Fabolous !

Now Hibiscs already traded at=> 0.875 (+0.055)(+6.7%) !



Heng ah, Ong ah, Huat ah !

Posted by bullmarket1628 > 2022-07-18 15:11 | Report Abuse

Wow, Awesome !

Now Hibiscs already traded at=> 0.88 (+0.06)(+7.3%) !



Heng ah, Ong ah, Huat ah !

Posted by Phoebe > 2022-07-18 15:34 | Report Abuse

Wake me up when it touch rm 1.10 $_$

Posted by HuatlaiOnglai > 2022-07-18 15:53 | Report Abuse

Putin might closed the tap to EU. There are signs already that Putin is slowing down their supply. Do expect oil price to hit $300/tong once it happens. Hibiscus financial will shoot thru the roof.

Posted by mokluhanj21 > 2022-07-18 16:03 | Report Abuse

@zhangzuode the one thing i respect about the mgmt of hibiscus is that they seem smart but also prudent, a combination very difficult to find in this world. most smarties are super arrogant and fall due to that.

i also secretly hope that they will do a shock & awe by declaring crazy dividends some time before CY22 ends. then we will see who has been swimming naked and who's in a YACHT :P

stay safe everyone!

Posted by zhangzuode > 2022-07-18 16:23 | Report Abuse

mokluhanj21 - what would be crazy dividends. A 10sen would be RM 200+M pay out from the company.

Posted by bullmarket1628 > 2022-07-18 17:24 | Report Abuse

Wow, Marvellous !
Hibiscs closed at=> 0.89 (+0.07)(+8.5%) !



Heng ah, Ong ah, Huat ah !

Posted by birdparadise > 2022-07-18 18:06 |

Post removed.Why?

Posted by MoneyMakers > 2022-07-18 22:24 | Report Abuse

1sen div only costs 20Mil

Nxt month QR expected profit few hundred Mil..hopefully mgmt xtra generous Q4/Final div

Posted by harold8990 > 2022-07-18 22:28 | Report Abuse

Oil price up..tomoro will pass 0,9 easy..

Posted by Zhuge_Liang > 2022-07-18 22:33 |

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Posted by Johnzhang > 2022-07-19 06:48 | Report Abuse

Posted by MoneyMakers > 1 week ago | Report Abuse

Dont even bother wait QR

Rus alrdy control 90%++ Donbas region..wont be long b4 declare victory + oil collapse (no more war premium)

By time nxt QR out (wont matter good/bad QR), oil alrdy collapse + HY alrdy limit down to rm3

Posted by bullmarket1628 > 2022-07-19 06:58 |

Post removed.Why?

Posted by HuatlaiOnglai > 2022-07-19 07:54 | Report Abuse

Here it comes. Putin opportunity to hit back! Get ready for oil gas to spike further.

Oil jumps on Russia supply jitters, lower dollar
https://www.cnbc.com/2022/07/18/oil-markets-covid-china-demand-russian-gas.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Message

Posted by rr88 > 2022-07-19 09:13 | Report Abuse

Sold 0.905. Profit 6.5 cents.
Thank you very much.

Posted by rr88 > 2022-07-19 09:14 | Report Abuse

Previous low 0.905 now acting as resistance.

Posted by BobAxelrod > 2022-07-19 09:18 |

Post removed.Why?