All eyes are on the capital reduction exercise to be completed before share buybacks can commence. It has been three weeks since the proposal was approved. Not long to go now.
For me, it $tupid to be sabar if the crude oil is ralliying to the upside, and here not move an inch. However, if crude oil show slight weaknesses, here is following the move.
Looks like they are loading additional debts of USD120mil to fund working capital for expansion. This will take its total debt to over RM1.1 bil. In view that interest rates are rising, hopefully they will be financial strong to weather it.
hafizAjiad98 sudah payah la nak pergi USD90 ,mungkin akan stabil antara USD75 - USD 85 mcm ni shj kalau boleh kekal harga ni hingga next QR ,hibiscus pun dah untung besar
Can Global Oil Production Climb If The U.S. Shale Boom Is Over?
There may be other sources of oil worldwide that will somehow make up for the significantly lower growth in U.S. shale oil production. But no other source seems set to provide the kind of growth U.S. shale oil provided, that is, 73.2 percent of the global increase in oil production from 2008 through 2018.
There will be other sources of oil outside usa. BUT, they will not be able to be delivered in the short time like shale (tight) oil. This means that inventories will not be building or possible reduce further in the coming quarters.
People are unsure how Hibiscus will perform in the longer term. I believe the share price will be much higher than that of the present once Hibiscus has proven itself in the next few quarters. Secondly, the management must raise the dividend payout rate to convince the investors of its sincerity in sharing the profit.
If the Hibiscus' earnign can be consistently maintained at 25-30sen per share for the next 1 to 2 years, and it pays regular dividends of say around 6 - 8sen annually, I think the share price should easily exceed RM2
To all investors of Chinese origin, have a delightful reunion dinner with lots of laughter and happy moments. And a Healthy, prosperous Rabbit year ahead. To the others, happy holiday.
To me, for oil price to collapse, there must be sudden drop in demand or a surprise in supply. It's difficult to expect a suddent drop in demand with China opening up or a surprise in supply when US is not expanding shale oil and gas crazily like in the past.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
3lephAnt
44 posts
Posted by 3lephAnt > 2022-12-20 14:23 | Report Abuse
All eyes are on the capital reduction exercise to be completed before share buybacks can commence. It has been three weeks since the proposal was approved. Not long to go now.