Posted by zhangzuode > 2023-02-13 12:46 | Report Abuse

https://www.youtube.com/watch?v=sgOEGKDVvsg&t=142s
The energy transition delusion: inescapable mineral realities

Posted by HafizAjiad98 > 2023-02-14 12:12 | Report Abuse

Russia ada dana sokongan dari China. Mereka tak risau sementara ni

Posted by King_trader_shadow > 2023-02-15 15:37 | Report Abuse

i wonder why HIBy got sell of today! Isn't the demand is increasing?

Posted by afata08 > 2023-02-15 15:51 | Report Abuse

WHAT THE HEX ..price dip today...anyone know??!

Posted by Nepo > 2023-02-16 08:48 | Report Abuse

yesterday drop because us release another batch of oil reserve.
no worry at present price

Posted by MoneyMakers > 2023-02-16 13:15 | Report Abuse

Surprisingly QR out early

Revenue/NPBT higher but swallowed by deferred tax

**1-off UK windfall deferred tax 106Mil @ noncash/to be reversed depend on capital allowance

Posted by MoneyMakers > 2023-02-16 13:47 | Report Abuse

Share capital reduction still havent complete - can only afford 0.75sen div (unfortunately)

P/s: 1st time see mgmt give div aim @ atleast 2.5sen for FY2023

Posted by HafizAjiad98 > 2023-02-16 13:57 | Report Abuse

Bagus. Revenuenya mempertaruhkan jangkaan saya (RM700 juta vs RM400 juta)

Posted by StartOfTheBull > 2023-02-16 14:28 | Report Abuse

UK government stretches its long hands into your pockets. Easy money from oil & gas companies to patch its budget holes.

Posted by pang72 > 2023-02-16 14:28 | Report Abuse

Ini kali habis la

Posted by donnybelowski > 2023-02-16 14:35 | Report Abuse

Good quarter considering the monsoon season. Higher Ebitda qoq.

Posted by witan > 2023-02-16 14:47 | Report Abuse

Dividend of 0.75 cents wow!!!! Not even 1 cent
Super stingy this management

Posted by donnybelowski > 2023-02-16 14:49 | Report Abuse

Save money for stock buyback.

Posted by MoneyMakers > 2023-02-16 14:53 | Report Abuse

UK wont get much from windfall tax b’coz got 1:1 capital allowance provision (each dollar capex reduce dollar windfall tax)

Global O&G co alrdy say wont pay UK xtra windfall tax b’coz their capex cancel-out windfall tax

UK just get more O&G investment

Posted by MoneyMakers > 2023-02-16 14:57 | Report Abuse

Last QR alrdy say need settle ‘share capital reduction’ 1st - only then can give more div/sbb

Mgmt plan settle this qtr..unfortunately couldnt settle b4 QR

Posted by witan > 2023-02-16 15:00 | Report Abuse

I personally havent see the management do any share buyback ever!!
Maybe once they reach rm10billion market cap, they will do it lol

Posted by 3lephAnt > 2023-02-16 15:08 | Report Abuse

Of course, you haven't seen because capital reduction hasn't been completed yet. /Facepalm

Posted by wattsy > 2023-02-16 15:31 | Report Abuse

Good quarter. With share buy back starting soon and a commitment to 2.5 cents dividend minimum to end FY23 in June. outlook is very positive.

Posted by kokchengkai > 2023-02-16 17:47 | Report Abuse

HafizAjiad98 kalau minyak pergi balik usd100 maknanya US mat salleh punya kerja beku inflasi tu kira buang masa bazir duit shj la...US punya inflasi kalau tak gaudim crisis ekonomi akan berlaku sekali lagi ,minyak kemungkinan akan jatuh bawah usd50 sekali lagi

Posted by MoneyMakers > 2023-02-16 20:54 | Report Abuse

Close eyes wait ‘share capital reduction’/sbb/div xdate (17Mar) together

Anytime good news come out (Mar golden month)

Posted by pang72 > 2023-02-17 14:59 | Report Abuse

Once drop below rm1 then bloodbath mari..

Posted by HafizAjiad98 > 2023-02-17 15:27 | Report Abuse

Masih bertahan pd harga RM1.10. Perlu menetapkan harga potong rugi jika ia berlaku...

Posted by James_Bond > 2023-02-18 15:40 | Report Abuse

Be careful on prosperity tax 2.0, focusing on those companies who profited from recent surge of oil price… shorties coming to hibiscus soon…

Posted by linheng > 2023-02-19 07:55 | Report Abuse

Hibiscus is a oil producing co which owns it oil fields. Unlike the oil majors, they spend very little on exploration or development of oil field. With huge capital invested in its business; the results look very disappointing. Sept 2022 to Dec 2022 oil price is at about USD80+. Look at the net Profilt as a percentage of revenue.
Sept to dec 2022. Revenue is 713M. Net Profil is 70.47M
June 2022 to Sept 2022. Revenue is 604.8M. Net Profit is 135.3M
Despite increase in oil production, the % of net profit is down from 20% to less than 10%.
Most Oil majors got above 30% of revenue as net profit

Posted by linheng > 2023-02-19 07:57 | Report Abuse

Even a O&G contractor gets a 10 to 15% profit margin on contract value. Hibiscus management is nonsense

Posted by StartOfTheBull > 2023-02-19 09:57 | Report Abuse

Petronas has paid dividend of RM50 billion to the government in 2022. Imposing prosperity tax on oil and gas companies may also applicable to its GLC company Petronas as well.

Posted by HafizAjiad98 > 2023-02-20 13:48 | Report Abuse

bersedia utk potong jika jatuh ke bawah Rm1...

Posted by Johnchew5 > 2023-02-20 23:32 |

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Posted by Johnchew5 > 2023-02-20 23:55 |

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Posted by Johnchew5 > 2023-02-20 23:58 | Report Abuse

How much tax do oil companies usually pay?

Oil and gas firms operating in the North Sea are taxed differently.

They pay 30% corporation tax on their profits and a supplementary 10% rate on top of that. Other firms currently pay corporation tax at 19%.

But oil and gas firms have been able to reduce the amount of tax they pay by factoring in losses or spending on things like decommissioning North Sea oil platforms.

In recent years, such methods have meant that BP and Shell have paid almost no tax in the UK.

BP and Shell both received more money back from the UK government than they paid every year from 2015 to 2020 (except 2017, when Shell paid more than it received).

Shell also paid a negative amount of tax in 2021, taking its 2015 to 2021 total to -£685m of tax in the UK.

BP paid more money in tax than it received back in 2021, taking its total between 2015 and 2021 to -£107m.

Posted by Johnchew5 > 2023-02-21 00:00 |

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Posted by Johnchew5 > 2023-02-21 00:03 |

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Posted by Johnchew5 > 2023-02-21 00:05 | Report Abuse

What's happening in the EU?

The European Union (EU) has also imposed a windfall tax on energy companies, with a 33% levy on fossil fuel firms' profits, and another on the revenues made from rising electricity costs.

EU ministers estimate that they can raise €140bn (£123bn) from the levies.
The US energy company ExxonMobil is suing the EU to try to stop them.

Posted by Johnchew5 > 2023-02-21 00:10 |

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Posted by Johnchew5 > 2023-02-21 02:54 |

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Posted by Johnchew5 > 2023-02-21 02:57 |

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Posted by success2628 > 2023-02-21 07:42 | Report Abuse

Perdana Petroleum bags vessel charter contract from Petronas Carigali
theedgemarkets.com/
theedgemarkets.com
February 20, 2023 17:49 pm +08

https://pnews.theedgemarkets.com/node/655961

KUALA LUMPUR (Feb 20): Oil and gas offshore marine service provider Perdana Petroleum Bhd has bagged a RM7.96 million contract from Petronas Carigali Sdn Bhd to supply one unit of anchor handling tug and supply (AHTS) vessel.
In a filing with Bursa Malaysia on Monday (Feb 20), Perdana Petroleum said its wholly owned subsidiary Perdana Nautika Sdn Bhd has received a work order award from Petronas Carigali on Jan 27. Under the deal, Perdana Nautika will provide the AHTS vessel with crews and equipment.
"The contract, which will commence on the vessel's on-hire certificate date, estimated on March 1 is for a duration of up to 245 days, with an option to extend for up to 30 days," it added.

"The contract is expected to contribute positively to the group's earnings and net assets for the financial year ending Dec 31, 2023."
Perdana Petroleum shares closed unchanged at 18 sen on Monday, giving it a market capitalisation of RM399.44 million.

Posted by Johnchew5 > 2023-02-21 08:31 | Report Abuse

Hoe Hoe 3 Like · Reply
Gd Report but still down, duno why
3 days · translate ·

Posted by Johnchew5 > 2023-02-21 08:37 |

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Posted by Johnchew5 > 2023-02-21 11:26 | Report Abuse

High 1.090
Low 1.060
Open 1.08

Posted by Johnchew5 > 2023-02-21 11:27 |

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Posted by Johnchew5 > 2023-02-21 11:27 |

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Posted by HafizAjiad98 > 2023-02-21 11:50 | Report Abuse

harga minyak masih bertahan pada $80 per barrel utk minyak brent. Tengok ia akan naik sampai $100 macam OPEC kata

Posted by Johnchew5 > 2023-02-21 12:59 | Report Abuse

Is oil expected to go up?
In this year's survey, prices are forecast to average $87 in 2023, down from $99 realised in 2022, when prices surged following Russia's invasion and sanctions imposed in response by the United States and European Union.15 Jan 2023

Posted by Johnchew5 > 2023-02-21 13:03 | Report Abuse

Haha is Russian’s invasion is going to be ended by ard Nov 2023 as predicted ?

Lately there r some developments between Ukraine n US top one visit , and China Foreign person visit Russia!!!

Posted by Duncan > 2023-02-21 14:16 | Report Abuse

What is their cost per barrel ?

Posted by Johnchew5 > 2023-02-21 14:44 |

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Posted by Johnchew5 > 2023-02-21 14:51 |

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Posted by zhangzuode > 2023-02-21 15:17 | Report Abuse

Johnchew5 - Haha is Russian’s invasion is going to be ended by ard Nov 2023 as predicted? Appreciate who made the prediction, thank you.

Posted by Johnchew5 > 2023-02-21 15:42 |

Post removed.Why?