Saudi Arabia releases lengthy statement saying Biden asked for delay in oil production cut to November BYJON GAMBRELL AND THE ASSOCIATED PRESS October 13, 2022 at 8:03 PM GMT+8
oil in reserve shortfall la this la that la...China still close. Until china open up, maybe only then the price will spike up. until then...side waysss
Well that's not right actually..they are buying back 10% of the shares which is the same as getting an 11% increment in share value/dividend. At the same time I'm sure it'll address the issue with stock price undervaluation and shortsellings. I also think this current quarter will be fantastic now that Anasurias riser is fixed and is back at full production and SE Asia is sorted and downtime will be low.. They're saying 2.6-2.7 Million BOE this quarter. If prices average US$90+ that's RM1.1 Billion for the quarter minimum and with PAT of at least 25% that's another RM275 Mill profit and all the share buy back, plus some, is completely paid for.. Very smart
When share buybacks are in motion and the valuation rises, it will deter the cycle of pump and dump that we are seeing with Hibiscus two weeks either side of quarterly earnings reporting.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
dramang
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Posted by dramang > 2022-10-12 16:59 | Report Abuse
Paktua how to join your team?