Posted by James_Bond > 2023-08-02 07:50 | Report Abuse

Wow, Brent oil broke NEW HIGH! Now USD85.88, heading all the way up to USD86! Cheers!

Posted by kl_guy > 2023-08-02 08:27 | Report Abuse

oil price uptrend to continue
https://oilprice.com/Latest-Energy-News/World-News/Oil-Prices-Balloon-On-Largest-Single-Week-Crude-Inventory-Crash-In-Years.html

Posted by limitupandsurewin88 > 2023-08-02 08:49 | Report Abuse

Walaoeh, oil price spike up like mad !
Brent closed at $85.78 +0.87 +1.02%

Like that today Hibiscs going to break above RM1.00 liao !

Posted by 1pingpong > 2023-08-02 09:30 | Report Abuse

Spectatorssss...set in your position now or never..

Posted by wahidul > 2023-08-02 09:31 | Report Abuse

Hopefully

Posted by nicky > 2023-08-02 09:36 | Report Abuse

All of us are waiting her to reach RM1.00 for long long time....

Posted by James_Bond > 2023-08-02 10:05 | Report Abuse

Wow, Brent oil broke NEW HIGH! Now USD85.95, heading all the way up to USD86! Cheers!

Posted by Robert Waters > 2023-08-02 10:20 | Report Abuse

Looks like another good day of consolidation for hibiscus 🌺

Posted by wattsy > 2023-08-02 10:35 | Report Abuse

Malaysian Tapis is now trading at over $90 up $15 from June. This is directly accretive to the bottom line (after royalties) which means they'll be 30-40% more profitable when this quarters results come out over last. Last year this quarter also had the highest production given the timing of their offtakes. So the pot of cash they have is going to continue to grow significantly... They might have more cash soon than the market cap! ;)

Posted by nicky > 2023-08-02 10:55 | Report Abuse

Everyday consolidate ??

Posted by Sangranghaeyo > 2023-08-02 11:00 | Report Abuse

Looking at its 1-month chart, it's an uptrend movement

Posted by James_Bond > 2023-08-02 12:06 | Report Abuse

Looking at the all the sectors in bursa, the strongest is energy sector! Invest in hibiscus is the best of all!

Posted by paktua73 > 2023-08-02 13:22 | Report Abuse

wow long time paaktua not be here

tut tut
time to play oul stock

Posted by James_Bond > 2023-08-02 14:46 | Report Abuse

Welcome Teal West field, UK (under hibiscus) to produce the first oil expected by late 2024 or early 2025! Hibiscus is a cash generating beast! Huat! Huat! Huat!

Posted by wahidul > 2023-08-02 15:27 | Report Abuse

come on let’s go go go let’s go

Posted by James_Bond > 2023-08-02 15:57 | Report Abuse

SINGAPORE (Reuters) -Oil prices surged by almost 1% on Wednesday, trading near their highest since April, as crude and fuel product inventory data showing robust demand from the world's biggest fuel consumer, the U.S., offsetting demand concerns elsewhere.

Brent crude futures for October rose 80 cents, or 0.94%, to $85.71 a barrel at 0625 GMT. Likewise, U.S. West Texas Intermediate crude for September climbed 80 cents, or 0.98%, to $82.17 a barrel.

U.S. oil inventories fell by 15.4 million barrels in the week ended July 28, according to market sources citing American Petroleum Institute figures, compared with analysts' estimates for a drop of 1.37 million barrels.

If the U.S. government figures, due later on Wednesday, matches the industry drawdown number, it would mark the largest drop in U.S. crude inventories according to records dating back to 1982.

Gasoline inventories fell by 1.7 million barrels, the API data showed, compared with estimates for a 1.3 million barrel drop. Distillate stocks fell by 510,000 barrels, compared with analysts estimates for a build of 112,000 barrels. Both are indicators of robust prompt fuel demand in the U.S.

"The seasonal peak demand period (for transportation fuels) and supply cuts by oil producing countries have caused oil prices to rise," said CMC Markets analyst Leon Li.

Crude oil inventories have also begun to drop in other regions as demand outpaces supply, which has been constrained by deep production cuts from Saudi Arabia, the de facto leader of the Organization of the Petroleum Exporting Countries (OPEC), that has provided price support.

Analysts expect Saudi Arabia to extend its voluntary oil output cut of 1 million barrels per day (bpd) for another month to include September in a meeting of producers on Friday.

Oil prices may continue to rise, but they may not exceed $90 a barrel given recessionary pressures in some regions such as Europe, said Li. Furthermore, after the summer demand peak passes, "oil prices have entered the end of this round of upward trend", he said.

Concerns that oil buying in China, the world's biggest oil importer, may slow as prices rise and weak PMI data released this week indicate fuel demand may be weaker than expected limited the session's price gains.

"Chinese crude buying has been opportunistic rather than due to higher demand. (The) market continues to be driven purely by supply constraints, which are always subject to potential political volatility," said Sparta Commodities' Philip Jones-Lux.

Posted by nicky > 2023-08-02 15:59 | Report Abuse

LOL..... Hibiscus turns red... what the ...xx

Posted by KML889 > 2023-08-02 16:00 | Report Abuse

Bursa is really sick. No amount of good news can lift local stocks

Posted by James_Bond > 2023-08-02 16:33 | Report Abuse

Turned red for you to grab more before it is too late.

Posted by James_Bond > 2023-08-02 16:33 | Report Abuse

I’m loving it! Yummy hibiscus!

Posted by James_Bond > 2023-08-02 16:34 | Report Abuse

Brent oil still holding strong above USD 85.25+!

Posted by James_Bond > 2023-08-02 17:20 | Report Abuse

Wow, Brent oil back to USD85.64, heading all the way up to USD86! Cheers!

Posted by James_Bond > 2023-08-02 17:35 | Report Abuse

Be patient, current oil demand exceeding the supply, the Brent oil price will only go up consistent to the hyper bull cycle of crude oil! Cheers!

Posted by nicky > 2023-08-03 07:52 | Report Abuse

Oli price settle lower .... see Hibiscus will down how much today.

Posted by StartOfTheBull > 2023-08-03 07:56 | Report Abuse

Again slow response for share price expected.

Posted by nicky > 2023-08-03 08:44 | Report Abuse

Pre open RM0.935 -0.01.. Oil price down it will follow ..

Posted by Robert Waters > 2023-08-03 09:07 | Report Abuse

Brace yourself for a strong selling action. Hope it will be short lived. 0.93 and below
Crude oil will drag hibiscus 🌺

Posted by James_Bond > 2023-08-03 11:22 | Report Abuse

Dumb dumb buy and hold. Cheers!

Posted by James_Bond > 2023-08-03 11:23 | Report Abuse

Brent Crude oil rebounded to USD 83.33! Hibiscus is earning huge even with such price! Cheers!

Posted by kl_guy > 2023-08-03 15:06 | Report Abuse

stand buy to pick at 90sen.
Nasdaq is causing a panic

Posted by Sangranghaeyo > 2023-08-03 16:38 | Report Abuse

Hibiscus Petroleum has received development and production works consent for a field development plan (FDP) for the Teal West field from the North Sea Transition Authority (NSTA) on August 1, 2023. The next stage after the FDP approval is the internal final investment decision, which if reached, would result in first oil from the Teal West field expected by late 2024/early 2025. - By PBB that gave RM1.18 as Hibiscus's TP

Posted by 1pingpong > 2023-08-04 02:29 | Report Abuse

Brent oil instantly jumped back up.

Posted by James_Bond > 2023-08-04 05:47 | Report Abuse

Wow, Brent oil back to USD85.20, heading all the way up to USD86! Cheers!

Posted by James_Bond > 2023-08-04 07:55 | Report Abuse

Ignore the market noise and focus on value investing, believing in the great hibiscus management team in bringing higher returns to company and shareholders. With the pricier crude oil, better dividends payout, new oil fields, hibiscus will be revalued! Cheers!

Posted by slts > 2023-08-04 10:56 | Report Abuse

so so boring tis hib

Posted by keluarpattern > 2023-08-04 11:02 | Report Abuse

got 007 accompany you where got boring

Posted by James_Bond > 2023-08-04 12:56 | Report Abuse

Could see many countries going to pump up development expenses…you could see construction shares and property shares moving up by new development etc… analyzing deep to the roots, this only will worsen the supply and demand of raw materials especially crude oil… buy hibiscus ticket and watch to show… it is getting more interesting… cheers!

Posted by 1pingpong > 2023-08-04 15:37 | Report Abuse

USD 85 is the beginning of the rally. Hold tight.

Posted by James_Bond > 2023-08-05 06:39 | Report Abuse

Wow, Brent oil broke NEW HIGH to USD86.15, heading all the way up to USD87! Cheers!

Posted by 1pingpong > 2023-08-05 10:35 | Report Abuse

Congrats all faithful comrades, we r heading to USD 100.

Posted by zhangzuode > 2023-08-05 17:55 | Report Abuse

https://www.ubs.com/microsites/player/en/circle1-videoplayer.html?id=6329400098112&play=yes&__hstc=214401352.340fbbe1eda2af607f55b72c42dac6c6.1691228251775.1691228251775.1691228251775.1&__hssc=214401352.1.1691228251776&__hsfp=3022105166&hsCtaTracking=1d67c203-9c0e-432f-956b-f1e050e0ca75%7C433c143d-7d49-41bd-a6fe-7e470c0fecd9

Posted by 1pingpong > 2023-08-05 18:16 | Report Abuse

This coming oil rally is a long pending rally that should happen in 2020 of which was thwarted by covid 19. And now it comes with a boost of voluntary oil cuts by the arabs in the coming months, what do you think will happen? Floodgates will be crashed open.

Posted by James_Bond > 2023-08-07 07:03 | Report Abuse

Wow, Brent oil broke NEW HIGH to USD86.45, heading all the way up to USD87! Cheers!

Posted by James_Bond > 2023-08-07 09:01 | Report Abuse

Wow, Brent oil broke NEW HIGH to USD86.64, heading all the way up to USD87! Cheers!

Posted by 1pingpong > 2023-08-07 10:09 | Report Abuse

Note that the banker has yet to step in at this 0.95 price mark. purely retailers. you know what i mean..

Posted by wahidul > 2023-08-07 13:09 | Report Abuse

wow volume and price started picking up,giving us hope,rm1 and beyond on the cards

Posted by 1pingpong > 2023-08-07 14:40 | Report Abuse

Still got people selling at this price....speechless.

Posted by 1pingpong > 2023-08-07 14:42 | Report Abuse

This small push is only by retailer.....the banker zero push still...gamblers....do not understand this simple fact.

Posted by 1pingpong > 2023-08-07 15:09 | Report Abuse

ok. Today first day. the game begins. you are welcome :)))))))

Posted by damnguy > 2023-08-07 15:53 | Report Abuse

flying to the moon :D