Posted by StingRay > 2022-07-13 11:06 | Report Abuse

isshhh paktua. pagi tadi discount, you tak load ke? now sudah in positive position lah.

Posted by paktua73 > 2022-07-13 11:20 | Report Abuse

ap bole buat xsempat nak telan..
taw taw orga dah balun
waa waa


tut tut
tu dapat sisa orga je
huhu

Posted by StingRay > 2022-07-13 11:21 | Report Abuse

tak apa lah. market sentiasa ada. best of luck.

Posted by nazrzach > 2022-07-13 11:27 | Report Abuse

Biden is trouble.

https://www.linkedin.com/posts/nazrin-zakaria-1542599b_invest-oilandgas-activity-6952823379598983169-UKM7?utm_source=linkedin_share&utm_medium=android_app

Posted by Sdrg > 2022-07-13 12:45 | Report Abuse

https://oilprice.com/Latest-Energy-News/World-News/API-Reports-Large-Inventory-Build-As-Oil-Falls-Back-Below-100.html

What looks like a build is Actually a nett DRAW of -2.1 Mil. 'SPR' draw was -6.9 Mil barrels for the week ending July 8th.

Posted by CurryBento > 2022-07-13 13:30 | Report Abuse

how is the arab oil brother and US doing now ?

Posted by CurryBento > 2022-07-13 13:31 | Report Abuse

open market low, slowly climb back up

Posted by Ryan83 > 2022-07-13 14:08 | Report Abuse

Dead cat bounce from early morning heavy selling down

Posted by paktua73 > 2022-07-14 08:30 | Report Abuse

morning..
today will another red hurricane..
paktua set rm0.75-0.78 as last fight in here
will prepared rm450k fund for last fight..



tut tut
dare to fight or die try..

Posted by Phoebe > 2022-07-14 14:34 | Report Abuse

No wonder it keep going up. It is all bcoz paktua keep on sapu with his 450K fund. I only manage to grab some at 0.795, 0.80 & 0.82. Those park at 0.77, 0.75 din get.

Posted by harold8990 > 2022-07-14 16:28 | Report Abuse

atleast u got some at good prices..now 0.8 also cnnt get.

Posted by rr88 > 2022-07-14 17:55 | Report Abuse

Remove the K in paktua fund. Gambling fund always wiped out one.

Posted by rr88 > 2022-07-14 18:04 | Report Abuse

Since 1.49/1.30 i been saying its on a DOWNTREND.

Downtrend means it will keep on making new lows. Last low was 0.785. It will go below this soon.

Bcause oil is on downtrend n now making new low at usd97.

Hibisc has been n will closely track oil price movement lower n lower.

Why oil price going lower n will settle lower? Bcause the most powerful country in the world wants it to stabilise at lower level.

I see bottom of oil at upper 60s n hibisc around 0.55. When? Dont know, but both on their way there..

Posted by treasurehunt > 2022-07-14 18:13 | Report Abuse

Democrats will be certainly defeated for the mid term election in Nov 22 if Crude oil remains at this high level. They would take whatever actions to make sure the prices come down.

Posted by treasurehunt > 2022-07-14 18:20 | Report Abuse

The culprit of high inflation was mainly due to high crude oil prices and ironically, high commodity prices were triggered by unlimited QE. Lolz

Posted by paktua73 > 2022-07-14 18:50 | Report Abuse

haha..love see rr88 since paktua know him well..
so no hate dalam hati laa..
he love lurker lurker here..
rr88 sangkut at TG..
so talk good at TG

other counters all bad to him
hehe



tut tut
alaa..rr88 tu gema je lebih..
tapi.....
SMI(sendiri maw ingat)
hehe

Posted by kahhoeng > 2022-07-14 20:16 | Report Abuse

some believes that crude oil will fall to 50s with recession coming, I believe otherwise, expecting crude oil to remain high despite slowdown or minor recession due to Ukraine war. If one believe crude oil will fall to 50s, then, surely hibiscus trading at 0.6x is highly possible. But, if crude oil were to trade above 80, it's difficult to imagine hibiscus trading below 1.00. I'm bullish on oil averaging above 90 at least for the next 12 months...

Posted by kahhoeng > 2022-07-14 21:06 | Report Abuse

actually, faith is waning with brent falling below 100. Initially, I thought brent could stay above 100 until Ukraine war seeing light to a peace treaty.

Posted by treasurehunt > 2022-07-14 21:31 | Report Abuse

The prices of the commodity are beyond real demand and supply. It is mainly determined by supplying money (print money) pouring into the market to create inflation. Minor inflation is good to the economy economy development. Interest rates policy is another tool to control the costs of funds channelling to the commodity.

Posted by mf > 2022-07-14 21:35 | Report Abuse

Dow Jones

Dow Jones Industrial Average

30,252.12

-520.67

1.69%

Nasdaq

NASDAQ Composite

11,095.15

-152.42

1.35%

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 |

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

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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 |

Post removed.Why?

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 |

Post removed.Why?

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

Post removed.Why?