HIBISCUS PETROLEUM BHD

KLSE (MYR): HIBISCS (5199)

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Last Price

1.27

Today's Change

-0.07 (5.22%)

Day's Change

1.26 - 1.36

Trading Volume

59,934,000

Meeting


Ann. Date Date Time Type Venue View
Discussions
62 people like this. Showing 50 of 98,501 comments

newbie8080

The windfall tax would affect around 10% of the earnings from UK.
It's a small gesture to provide cost of living assistance to the British in this difficult times.

1 day ago

twynstar

OPEC+ Unlikely To Boost Oil Production More Than Planned


“We will announce that we are going to increase our production by 432,000 bpd even if we are no longer able to do so,” the source added.


https://oilprice.com/Latest-Energy-News/World-News/OPEC-Unlikely-To-Bo...

1 day ago

pang72

Very interesting now..

1 day ago

rr88

Told u dy. Run lah. 1.29 will break. Oil coming down. Next stop 1.14.

1 day ago

akmal222

I saw this morning big volume in... evening everyone run away...sell..sell

1 day ago

rr88

Hoi pang!
It came straight down to 1.29 n rebounded.
Now when it again hit 1.29 n 1.29 selling n 1.28 done, 1.29 oredy broken lar n it will go lower la. Its called downtrend.

That oso you dont know ka? Go fly kite lar. No need to trade stocks.

1 day ago

rr88

5 cents drop everyday for the next 3 days to 1.14

1 day ago

StartOfTheBull

Can anyone explain why such a good QR but price terribly falling?

1 day ago

speakup

why said it is good results? looks good only because of negative goodwill. negative goodwill is not operating profit

1 day ago

speakup

results was bad. period!

1 day ago

StartOfTheBull

Oh I see. TQ. I just drop by to ask.

1 day ago

nicholas99

UK Slaps 25% Windfall Tax on Profits of Oil and Gas Firms
Johnson’s government under pressure to help struggling Britons
The tax will fund aid for families battling with inflation

1 day ago

paktua73

opps..wrong sent hehe..sepatutnya di sini..

resent back..
yes success reload at rm1.26..
its for 2ndtime..
and final buy in..
now hold 272k unit averge reduce to rm1.28+
now if down more paktua die laa..
theee thee



tut tut
dare to fight or die try..

1 day ago

moneyster

oil laaaa u think nobody want to buy meh

1 day ago

pang72

Rr88, drop 5c a day..
Sifu said very good mah...
So, I need to dump kah?

1 day ago

rr88

Hai ya ya. I teach oso still do not understand.

1.44 came down to 1.29 rebounded to 1.40.

Now 1.29 broken you cut loss 1.28. Never buy just after support broken. It will go much lower. Chart says 1.14.

1 day ago

paktua73

rr88 say sell..
this time paktua buy
hehehe..
if rr88 say buy..
mean time to sell...



tut tut
let dive more..

1 day ago

VenFx

1.30 as expected.
But, is it scary at 1.26 ?

If the answer is not ... guess what will happen next Monday.

1 day ago

newbie8080

I think many people are getting frustrated with the company's ongoing issues whereby the great assets are not able to translate into great earnings consistently as expected.
There's many great o&g companies out there too eg: Occidental Petroleum Corp, Chevron Corp, Devon Energy Corp, etc

1 day ago

pang72

Rr88, like that sifu lose a lot of money leh if cut lose

1 day ago

AhSook AhKou

My bet ...... Next Mon, I suspect calmness will encourage to head towards 1.30 ish and hang around till the next Qtr.

1 day ago

pang72

Very interesting 1.28...

1 day ago

value_seeker

1.6 next Monday and 2.5 by end of next week?

1 day ago

AhSook AhKou

Dream on for 1.60 ........ maybe 6.666 ha ha

1 day ago

Primeinvestor

sell la u guys, faster sell please, no reason to keep for RM200m profit next quarter

1 day ago

kahhoeng

the result is not good, but the heavy selling is rather surprising. The 147 million administrative expenses is 117 million higher than usual and 137 million higher than before the acquisition was proposed. Yet, the management has failed to provide details of what these 117 million is about (or was it discussed but I missed reading it?) Not so sure if the lower drilling days in the quarter report is unexpected event, but I thought the issue has been rectified already.

1 day ago

value_seeker

Posted by Primeinvestor > 27 minutes ago | Report Abuse

sell la u guys, faster sell please, no reason to keep for RM200m profit next quarter

Waiting to buy?

1 day ago

bullmarket1628

Aiyoyo, Brent now at=> $118.68 +1.28 +1.09 %

Like that next Monday Hibiscs going to limit up already liao lah !

Heng ah, Ong ah, Huat ah !

1 day ago

VTrade

115 oil
Bunga raya drop
Tak masuk sense

1 day ago

nicky

Sell On News ??? Those make huge profit .. share price surely down... Glove, IT now O&G.....

1 day ago

Joker68

Yea. Buy serbadk and sapura the best.

1 day ago

Bobii

Next quarter is the real show. Don't listen those people tell u result no good. They don't understand the situation. Look at longer term. Mark my word.

1 day ago

i3lurker

did they forward sell their oil ?

and by how many years?

1 day ago

izoklse

The reason is double Windfall Tax. Malaysia and this week announce for UK. So heavy sell by investor.

1 day ago

kakiminyak

No wonder they pump oil but did not sell much so don't have to pay much in windfall tax.

1 day ago

maps

Nothing to worry. Hibiscus will fly soon. Now oil price USD117. Just be patient.

1 day ago

bullmarket1628

Walaoeh, oil price spike up Like mad!
Brent closed at=> $119.43 +2.03 +1.73 %

Like that next Monday Hibiscs going to limit up already liao lah !
Heng ah, Ong ah, Huat ah !

14 hours ago

Thkent91

Maybe tuesday only up kot. Have to wait call warrant expire first

12 hours ago

VenFx

Need to kiss 1.25 or below
Else any rebounce going to be short life.

9 hours ago

VTrade

Monday crush again and tutup
Can buy lo

9 hours ago

Jerichomy

Of course looo….so many ppl kena trap unexpected…after increase to rm1.30…better stay away but now kena makan by IB unexpectey

9 hours ago

Raymond Tiruchelvam

next support is 1.22 ..... i believe if this support breaches then shd cut loss and wait, we are already into the end of the 2nd mth of Q4, and brent has been above 110 therefore Q4 profits will be extraordinary with other 2million boe sold, someone out there is scaring the small time investors for no reason

8 hours ago

Jerichomy

IB makan ikan bilis mah unexpectedly and nerd zkye 42 say will not happen as energy break new high haha

8 hours ago

elbrutus

guys ...d C20 call warrant matures on 30th MAY ...so does this means we can still sell or buy this coming MONDAY ???...kindly advise ..tqvm

7 hours ago

mokluhanj21

sadly, people won't use oil for the next 1 year. UK Chancellor of the Exchequer Sunak just walloped tax on UK producers to raise 15b revenues (and only give 90% exemption with capex).
Malaysian oil going to spoil in the next month and all production not already on offtakes will burn into ashes.
Mail will buy so much Burberry shirts.
and oil will crash to negative 20bbl. Will Hibiscus survive?
or will it go back to 22 sen as 19.3.2020? run for your life!

5 hours ago

VTrade

Mokluhan, ape u cakap ini.
Ada source ke?

C20 tak boleh buysell.

3 hours ago

searchingmoney

it is interesting to read from those presenting with fact and data + healthy comments compare to makan ikan bilis + shark + hammer sini sana。。。

2 hours ago

nazrzach

1 Misinterpretation of 3QFY22 q-o-q
Hibiscs price crashed shortly after QR out was due to misinterpretation by retail/IB investors. There was nothing wrong with operation/production of Hibiscs and her newly assets. Hibiscs just being honest to declare they should have included 1 offtake in 3QFY22 but they didn't. Many other companies don't do this. Hibiscs didnt accrue / add provision for this missed offtake.
2 UK Windfall tax.
UK Chancellor decided to apply Windfall tax. Many Big Oil and Gas companies believe this will have negative effect on cost of living in UK. With additional windfall tax will discourage Oil and gas producers to invest drill for more oil or to increase production while this can help increase oil inventory and lower crude oil prices.
Addition to that, Shell, BP, Engie, TotalEnegie including Hibiscs have oilwells all around the world.

3 Final QR for 4QFY22
HLIB estimated that in 4QFY22 will see another MYR800mil++ in revenue where crude oil were at primed level from USD95 - USD130boe. On top of full 45,000bpd crude oil production, Hibiscs will include missed offtake in 3QFY22 in 4QFY22. Total revenue is estimated at MYR1.6bil in next quarter.

4 Brent crude oil / Natural gas futures
Summer holiday in around the corner. China already shows sign of recovery as no of Zero Covid19 in Shanghai and Beijing is increasing. Brent Crude oil futures jumped to USD119boe, highest since mid March this year.

Lets give Hibiscs some push, shall we?

2 hours ago

searchingmoney

or was it affected by HY...

2 hours ago

searchingmoney

Mokluhanj21, so u riding bicycle?

1 hour ago

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