Posted by slts > 2022-11-22 04:20 | Report Abuse

fake news

Posted by HafizAjiad98 > 2022-11-22 10:19 | Report Abuse

Suadi telah menjelaskan bahawa mereka tidak akan meningkatkan pengeluaran minyak

https://www.reuters.com/business/energy/saudi-arabia-eyes-opec-production-increase-wsj-2022-11-21/

Posted by derrtan > 2022-11-22 13:08 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3308195

Posted by derrtan > 2022-11-22 13:18 | Report Abuse

QR out.

Posted by Sangranghaeyo > 2022-11-22 14:54 | Report Abuse

Hibiscus Petroleum Bhd is keeping to a rosy outlook as it is confident the current macro trends driving the high energy prices and strong performing US dollar will continue.

Posted by newbie8080 > 2022-11-22 15:35 | Report Abuse

Q-o-Q revenue doesn't look impressive where sale price avg below USD100pbl.
Now crude oil is aleady below USD90 pbl in anticipation of next year's recession and more China cities lockdown.
My opinion, it's all but over for crude oil rally.

Posted by HuatlaiOnglai > 2022-11-22 16:33 | Report Abuse

Still a good stock with strong financials:

Posted by kahhoeng > 2022-11-22 16:37 | Report Abuse

close to 7 cents per share of quarterly earning is not impressive for a less than RM 1 share company, what is then???

Posted by Sakolim > 2022-11-22 19:11 | Report Abuse

Only 1 off take for this QR. They announced earlier, so balance will carry forward to Q2. Target 7mil boe & they are on track. Means balance 3 Q to deliver 6mil boe

Posted by derrtan > 2022-11-22 21:46 | Report Abuse

once they trigger the SBB...it will fly 20cents easily. may i know after the AGM, how fast they can trigger Share Back?

Posted by Sakolim > 2022-11-23 09:22 | Report Abuse

2023 FY target to sell 7.0 to 7.2 mil boe.
With Q1 realized offtake 1.5mil boe: Q2 & Q3 at 2.1 & 1.8 respectively based on their management's planning, Q4 will be at 1.7mil. Means this current Q1 will be the lowest performance in 2023.
Hope for the best & Q1 performance is not bad with EPS 7c for a counter at price <RM1.

Posted by HafizAjiad98 > 2022-11-23 09:59 | Report Abuse

Bagus. Hibiscus dapat menjana RM604 juta utk Q1nya walaupun kurang sikit daripada jangkaan saya

Posted by icecool > 2022-11-23 10:14 | Report Abuse

oil price down hibiscus up wth

Posted by kahhoeng > 2022-11-23 10:17 | Report Abuse

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=131680&name=EA_GA_ATTACHMENTS

For the financial year ending 30 June 2023 (“FY2023”), the Group remains on track to sell a total of approximately 7.2 to 7.5 MMboe of oil, condensate and gas.

Posted by kahhoeng > 2022-11-23 15:22 | Report Abuse

real surprise hibiscus is not even 1.30 now...

Posted by 3lephAnt > 2022-11-23 19:06 | Report Abuse

Reaching isn't an issue - it's staying there. Hibiscus has always been targeted for pump and dump and short selling.

Posted by rr88 > 2022-11-24 08:05 | Report Abuse

Oil kambing down lar.
When future profit lower than current profit, share price will go down. Sell!

Posted by HafizAjiad98 > 2022-11-24 10:36 | Report Abuse

Inventori minyak berkurangan sebanyak 3.7 juta tong pada minggu berakhir 18 Nov

https://www.thestar.com.my/news/world/2022/11/24/oil-prices-drop-amid-mixed-us-inventory-data

Posted by BobAxelrod > 2022-11-24 10:39 | Report Abuse

REPOST :

Posted by BobAxelrod > 2 days ago | Report Abuse

It won't breach 1.10 for sure......Go figure.

Posted by BobAxelrod > 2022-11-24 10:40 |

Post removed.Why?

Posted by BobAxelrod > 2022-11-24 17:28 | Report Abuse

Still cannot breach 1.08...!! Right??????

Posted by Phoebe > 2022-11-25 10:47 | Report Abuse

Cannot break 1.08, will it break RM1? Took opportunity to sell half yesterday to rebalance my cash vs equity ratio.

Posted by BobAxelrod > 2022-11-25 10:51 | Report Abuse

Wise decision.....(but don't quote me)

Will not breach 1.10, not even in Jan 2023......
TAYOR

Posted by HafizAjiad98 > 2022-11-25 10:59 | Report Abuse

Permintaan minyak akan meningkat semasa menjelangi musim sejuk

Posted by TehBeng > 2022-11-25 12:38 | Report Abuse

Benchmark Brent oil edged lower on Thursday while West Texas Intermediate (WTI) crude held steady, hovering in sight of two-month lows as the level of a proposed G7 cap on the price of Russian oil raised doubts about how much it would limit supply.

A bigger-than-expected build in US gasoline inventories and widening Covid-19 controls in China also added downward pressure on crude prices.

Brent crude futures were down 29 cents, or 0.3%, to US$85.12 a barrel by 15.15 p.m. ET (2015 GMT), while US WTI crude futures rose 2 cents, to US$77.96.

Posted by TehBeng > 2022-11-25 12:38 | Report Abuse

Both benchmarks plunged more than 3% on Wednesday on news the planned price cap on Russian oil could be above the current market level.

European Union governments remained split over what level to cap Russian oil prices at to curb Moscow's ability to pay for its war in Ukraine without causing a global oil supply shock, with more talks possible on Friday if positions converge.

The G7 group of nations is looking at a cap on Russian seaborne oil at US$65-US$70 a barrel, a European official said, though European Union governments have yet to agree on a price.

Posted by derrtan > 2022-11-25 16:33 | Report Abuse

the current price might see breakthrough after SBB. if you notice now the oil price is consider week but still close to multiple month high. Either SBB or higher oil price will trigger the breakout.

Posted by HafizAjiad98 > 2022-11-29 10:02 | Report Abuse

Berita yang akan membawah kesan negatif terhadap harga minyak...

https://www.ft.com/content/5bb62f19-a7c6-4e0d-9c6e-26fa50632cbb

Posted by Phoebe > 2022-11-29 11:12 | Report Abuse

Wow...oil drop to US83? Wondering will it test $80 in short terms

Posted by Adam92Rosli > 2022-11-29 17:21 | Report Abuse

Oil jumped on Tuesday, buoyed by hopes that China would relax its COVID-19 controls after rare protests against the country's zero-COVID strategy over the weekend in big Chinese cities.

Brent crude futures advanced $1.4, or 1.7%, and traded at $84.57 a barrel at 0645 GMT. U.S. West Texas Intermediate (WTI) crude futures rose $1.17, or 1.5%, to $78.39 a barrel.

Posted by Adam92Rosli > 2022-11-29 17:21 | Report Abuse

China held a news conference on COVID prevention and control measures at 3 p.m. (0700 GMT) on Tuesday amid record COVID infections and protests in Shanghai and Beijing.

Asian shares also rallied as unsubstantiated rumours swirled that the unrest might prompt a loosening of the COVID restrictions. Similar rumours have caused markets to zig-zag in recent weeks.

The rare street protests in cities across China over the weekend were a vote against President Xi Jinping's zero-COVID policy and the strongest public defiance during his political career, China analysts said. Beijing has stuck with the zero-COVID policy even as much of the world has lifted most restrictions.

Oil prices are also supported by the expectation that major oil producers would adjust their production plans at the upcoming meeting.

Posted by wallstreetrookieNEW > 2022-11-30 10:27 | Report Abuse

O&G Strategy Q1 2023
1. Short Hengyuan as mentioned two months ago
2. Long Hibiscus (O&G pure play) as well as Coastal Contract (O&G-adjacent play)
3. Small cap penny stock gamble (Velesto energy and RL [Reservoir Link])

Posted by Phoebe > 2022-11-30 14:01 | Report Abuse

Hibiscus finally broke 1.08......good for hibiscus holder....

Posted by HafizAjiad98 > 2022-11-30 16:52 | Report Abuse

Nampaknya minyak dan gas hulu lebih baik daripada hiliran

Posted by derrtan > 2022-11-30 20:37 | Report Abuse

https://www.bloomberg.com/news/articles/2022-11-29/chinese-city-hosting-key-iphone-plant-lifts-covid-lockdown

Posted by derrtan > 2022-11-30 20:38 | Report Abuse

https://www.theguardian.com/world/2022/nov/30/us-and-canada-urge-china-not-to-harm-zero-covid-protesters-amid-calls-for-crackdown

Posted by Phoebe > 2022-12-01 11:41 | Report Abuse

Good AGM. Great management. Kudos to them.

Posted by twynstar > 2022-12-01 11:48 | Report Abuse

Dr Kenneth answered most of the questions with confidence.

Very happy to see that. Will hold Hibiscus till 2026

Posted by derrtan > 2022-12-01 11:59 | Report Abuse

may i know anyone ask about share buy back?

Posted by zhangzuode > 2022-12-01 13:07 | Report Abuse

twynstar - recently? Appreciate link, thank you very much.

Posted by twynstar > 2022-12-01 13:23 | Report Abuse

AGM and EGM just finished. Hopefully management will upload the video or important points in website soon.

Posted by izoklse2022 > 2022-12-01 14:54 | Report Abuse

12th Annual General Meeting Presentation - Pursuing Stability Amidst Volatility

Video : https://www.youtube.com/watch?v=hdkympeixnk

Posted by raphaelchinn94 > 2022-12-01 16:37 | Report Abuse

OIL prices dipped in Asia trade on Thursday as uncertainty lingered ahead of Sunday's OPEC+ meeting, though easing COVID curbs at the world's top crude importer China capped price declines

Posted by raphaelchinn94 > 2022-12-01 16:38 | Report Abuse

Brent crude futures fell 43 cents, or 0.5%, to $86.54 per barrel by 0740 GMT, while U.S. West Texas Intermediate crude futures eased 42 cents, or 0.5%, to $80.13.

The benchmark oil contracts settled higher by over $2 on Wednesday amid a weaker dollar and optimism over Chinese demand recovery.

"The market remains uncertain about OPEC's decision, with some expecting a cut while others suggest a rollover of the current deal is more likely," ANZ research analysts said in a note on Thursday.

Posted by raphaelchinn94 > 2022-12-01 16:38 | Report Abuse

Crude inventories fell by 12.6 million barrels in the week to Nov. 25, higher compared with earlier analysts' expectations for a 2.8 million-barrel drop, according to the Energy Information Administration.

Nonetheless, gasoline and distillate inventories rose more than expected, an indicator of easing demand.

U.S. crude oil output also surpassed 12 million barrels a day, the highest since before the onset of the coronavirus pandemic, the EIA said.

Posted by HafizAjiad98 > 2022-12-02 10:07 | Report Abuse

Harga minyak kemungkinan besar akan naik balik ke USD 90

https://oilprice.com/Energy/Crude-Oil/Oil-Shoots-Up-On-Huge-Crude-Inventory-Draw.html

Posted by VFTRADER > 2022-12-02 16:40 | Report Abuse

As usual, world market might encounter correction in next 10 working days.

BUT no big deal for long term value and growth stock like Hibis.......

Posted by twynstar > 2022-12-03 12:45 | Report Abuse

Column: Is the U.S. shale oil revolution over?


U.S. production of petroleum and other liquids more than doubled to 19.5 million barrels per day in 2019 from 9.1 million bpd in 2009, according to the U.S. Energy Information Administration (EIA).

U.S. marginal production (+14.5 million bpd) captured nearly all the increase in global consumption (+14.8 million bpd) between 2009 and 2019.



https://www.reuters.com/markets/commodities/is-us-shale-oil-revolution-over-kemp-2022-11-22/

Posted by twynstar > 2022-12-03 12:51 | Report Abuse

Analysis: Energy hungry Europe can't look to U.S. shale to fill any OPEC gap


The sidelining of U.S. shale means consumers around the world may face a winter of higher fuel prices. Russia has threatened to block oil sales to countries supporting a European Union price cap, and the United States is winding down releases from emergency oil stockpiles that helped cool energy inflation.


https://www.reuters.com/business/energy/energy-hungry-europe-cant-look-us-shale-fill-any-opec-gap-2022-12-02/

Posted by twynstar > 2022-12-03 13:48 | Report Abuse

No capacity: Saudi Arabia cannot expand oil production beyond 13 million bpd


Saudi Arabia currently has a 12 million bpd nameplate oil production capacity, which it plans to expand by 1 million bpd by 2027 through a series of offshore incremental projects.


https://www.upstreamonline.com/production/no-capacity-saudi-arabia-cannot-expand-oil-production-beyond-13-million-bpd/2-1-1262005