Technicals: Broke out above 1.34 to 1.43. Returned to test 1.34 over 2 days => sucess. Now moving up to take out 1.43. Technical set up will propel it above 1.50 and above 1.60. Its magical. Believe it or not, it will happen.
1. Russia is the 3rd largest oil producer. EU will sanction 70% of russian oil n gas. World supply will reduce, oil price will move up.
2. Hibiscus drill and sell crude oil. Their profitability links directly to oil price. At oil usd70 they make money at around usd20. At oil above usd100, their profit will more than double bcause their cost is constant.
3. When company makes huge jump in profit, share price will move higher and higher.
4. Back of envelop calculation shows that they will make north of 20 cents per share. Share price valuation is undervalued currently.
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....