Posted by NinjaInPyjamas > 1 week ago | Report Abuse

It wil probably move when you least expected. Again, its useless to focus on OIL PRICE. You rather buy futures if want to earn from oil price movement. E & P companies are valued on production PROMISES & barrels SOLD, cashflow, dividend payback and sometimes share buybacks.

Posted by kahhoeng > 1 week ago | Report Abuse

Useless? So, Hibiscus is not selling oil but water?

Posted by EliteYY69 > 1 week ago | Report Abuse

Hibiscus just need some time for rest. Chill guys, we not come here to flame each other.

Posted by James_Bond > 1 week ago | Report Abuse

Exactly, well said Elite!

Posted by James_Bond > 1 week ago | Report Abuse

We go for capital appreciation! Peace~

Posted by James_Bond > 1 week ago | Report Abuse

Still hv another 680,000 shares of hibiscus yet to sell off…

Posted by NinjaInPyjamas > 1 week ago | Report Abuse

Hayo, i emphasize useless is that because u cannot predict oil price this year or next year. Did u predict 2020 pirce? No right. But they delivered on 2020 production figures which they plan to do. Can they produce 35,000 boe/day in 2025/26 as they plan to do? I think highly likely and share price also highly likely to follow proportionally.

Posted by kahhoeng > 1 week ago | Report Abuse

Only past records and time can tell whether Hibiscus can deliver on production increase, especially when it comes to new drilling. Though, past oil price and near term oil price offer an estimate to its coming quarter earnings. With crude staying relatively high, above 70, even when market is expecting poor market demand, tells us the supply demand is tight and low oil price is not expected. Why else Occidental in the US is trading on a higher PE? To me, it partly suggests an expected higher for longer oil price and margin for oil production is good. Surely, a 35000 boe/day is always welcome, it only assure higher profits when oil is high.

Posted by paperplane > 1 week ago | Report Abuse

hIBISCUS SHOULD BE RM6 by 2027 if things all go smooth

Posted by paperplane > 1 week ago | Report Abuse

SQRT (22.5*0.559*3.56)=6.69
IT IS QUITE ACCURATE FROM MY EXPERIENCE, all you need is PATIENT!

Posted by kahhoeng > 1 week ago | Report Abuse

forecasting 3 years from now? Wow...

Posted by James_Bond > 1 week ago | Report Abuse

Just woke up from sleep! I dreamt of markets hv adjustments soon consistent with the saying, “Sell in May and go away”!

Posted by James_Bond > 1 week ago | Report Abuse

Still hv another 680,000 hib share yet to dispose… Brent oil price weakening too… OMG…

Posted by IamBen10 > 1 week ago | Report Abuse

https://theedgemalaysia.com/node/709643

Posted by Sangranghaeyo > 1 week ago | Report Abuse

Goreng moment for O&G counters

Posted by AnaiAnai > 1 week ago | Report Abuse

can buy now?

Posted by Six6thsense > 1 week ago | Report Abuse

I go sleep and wait for another 3 months

Posted by Income > 1 week ago | Report Abuse

https://youtube.com/shorts/xzyeTeYWsrQ?si=WB4AtCo7UqbO-3sE

Posted by James_Bond > 6 days ago | Report Abuse

FED decided to keep high rate for longer period of time as inflation still high. Brent oil immediately crashing to USD 83! OMG!

Posted by James_Bond > 6 days ago | Report Abuse

I still hv 680,000 hib shares yet to dispose…

Posted by soon9913 > 6 days ago | Report Abuse

hold only.. no worries James

Posted by Sangranghaeyo > 6 days ago | Report Abuse

680,000 shares of Hibiscus = around RM1.78 mil 😮
You r millionaire, James

Posted by Six6thsense > 6 days ago | Report Abuse

Why no more SBB? Eat snake work slow like turtle. Manager on holidays. Haha

Posted by Income > 6 days ago | Report Abuse

https://youtube.com/shorts/ta68pHSR2gA?si=q6A8yjxn3OlkW4K8

Posted by James_Bond > 5 days ago | Report Abuse

Sold 300,000 shares of hibiscus! Leaving 380,000 shares yet to dispose…

Posted by James_Bond > 5 days ago | Report Abuse

Let’s hope our bro Azoff feels better now with the dropping of hibiscus share price…

Posted by James_Bond > 2 days ago | Report Abuse

Bro Azoff, hope you r ok. I m collecting back Hibiscus. Don’t say that I didn’t tell you, Bro Azoff.

Posted by James_Bond > 2 days ago | Report Abuse

Collected back 200,000 shares of hibiscus at the cost price of 2.58-2.59.

Posted by James_Bond > 1 day ago | Report Abuse

Collected another 300,000 shares of hibiscus at the cost price of 2.58-2.60 today! Cheers!

Posted by James_Bond > 1 day ago | Report Abuse

Total hibiscus shares on hands ie 880,000 shares. Wonderful! Haha!

Posted by James_Bond > 8 hours ago | Report Abuse

Crude oil futures are bullish and would likely continue to climb higher than USD100 due to the supply and demand mismatch!

https://www.lightreading.com/ai-machine-learning/data-centers-to-run-out-of-power-in-two-years-says-digitalbridge-ceo

Posted by greed123 > 3 hours ago | Report Abuse

...its a turning point finally https://edition.cnn.com/2024/05/08/climate/clean-energy-milestone-ember/index.htm
...China and US and rest of the world ramping up in EV's, goal of most countries is ZERO ICE vehicles
...war, conflicts, OPEC close tap, etc.. Price of BRENT is still mostly down... shows less of fuel demand
...SHELL malaysia selling assets, why? demand reducing?

HIBISCS keep pump and pump oil to do what???? long run not looking good!!!