HIBISCUS PETROLEUM BHD

KLSE (MYR): HIBISCS (5199)

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Last Price

1.05

Today's Change

+0.05 (5.00%)

Day's Change

1.00 - 1.05

Trading Volume

18,382,000

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64 people like this. Showing 50 of 103,208 comments

ariffiin

Hibiscus Petroleum Bhd has entered into its maiden long-term debt facility agreement with four banks — HSBC Bank Malaysia Bhd, Bank of China Malaysia Bhd, Industrial and Commercial Bank of China (M) Bhd and Standard Chartered Bank Malaysia Bhd — to raise US$120 million (RM533.7 million). The facility — comprising a US$99 million term loan and a US$21 million revolving credit facility — will be used primarily to drive organic growth plans for current producing and development assets as well as to fund working capital requirements.

1 week ago

Phoebe

Good AGM. Great management. Kudos to them.

1 week ago

twynstar

Dr Kenneth answered most of the questions with confidence.

Very happy to see that. Will hold Hibiscus till 2026

1 week ago

derrtan

may i know anyone ask about share buy back?

1 week ago

zhangzuode

twynstar - recently? Appreciate link, thank you very much.

1 week ago

twynstar

AGM and EGM just finished. Hopefully management will upload the video or important points in website soon.

1 week ago

izoklse2022

12th Annual General Meeting Presentation - Pursuing Stability Amidst Volatility

Video : https://www.youtube.com/watch?v=hdkympeixnk

1 week ago

raphaelchinn94

OIL prices dipped in Asia trade on Thursday as uncertainty lingered ahead of Sunday's OPEC+ meeting, though easing COVID curbs at the world's top crude importer China capped price declines

1 week ago

raphaelchinn94

Brent crude futures fell 43 cents, or 0.5%, to $86.54 per barrel by 0740 GMT, while U.S. West Texas Intermediate crude futures eased 42 cents, or 0.5%, to $80.13.

The benchmark oil contracts settled higher by over $2 on Wednesday amid a weaker dollar and optimism over Chinese demand recovery.

"The market remains uncertain about OPEC's decision, with some expecting a cut while others suggest a rollover of the current deal is more likely," ANZ research analysts said in a note on Thursday.

1 week ago

raphaelchinn94

Crude inventories fell by 12.6 million barrels in the week to Nov. 25, higher compared with earlier analysts' expectations for a 2.8 million-barrel drop, according to the Energy Information Administration.

Nonetheless, gasoline and distillate inventories rose more than expected, an indicator of easing demand.

U.S. crude oil output also surpassed 12 million barrels a day, the highest since before the onset of the coronavirus pandemic, the EIA said.

1 week ago

HafizAjiad98

Harga minyak kemungkinan besar akan naik balik ke USD 90

https://oilprice.com/Energy/Crude-Oil/Oil-Shoots-Up-On-Huge-Crude-Inventory-Draw.html

1 week ago

VFTRADER

As usual, world market might encounter correction in next 10 working days.

BUT no big deal for long term value and growth stock like Hibis.......

1 week ago

twynstar

Column: Is the U.S. shale oil revolution over?


U.S. production of petroleum and other liquids more than doubled to 19.5 million barrels per day in 2019 from 9.1 million bpd in 2009, according to the U.S. Energy Information Administration (EIA).

U.S. marginal production (+14.5 million bpd) captured nearly all the increase in global consumption (+14.8 million bpd) between 2009 and 2019.



https://www.reuters.com/markets/commodities/is-us-shale-oil-revolution-over-kemp-2022-11-22/

1 week ago

twynstar

Analysis: Energy hungry Europe can't look to U.S. shale to fill any OPEC gap


The sidelining of U.S. shale means consumers around the world may face a winter of higher fuel prices. Russia has threatened to block oil sales to countries supporting a European Union price cap, and the United States is winding down releases from emergency oil stockpiles that helped cool energy inflation.


https://www.reuters.com/business/energy/energy-hungry-europe-cant-look-us-shale-fill-any-opec-gap-2022-12-02/

1 week ago

twynstar

No capacity: Saudi Arabia cannot expand oil production beyond 13 million bpd


Saudi Arabia currently has a 12 million bpd nameplate oil production capacity, which it plans to expand by 1 million bpd by 2027 through a series of offshore incremental projects.


https://www.upstreamonline.com/production/no-capacity-saudi-arabia-cannot-expand-oil-production-beyond-13-million-bpd/2-1-1262005

1 week ago

twynstar

Adnoc to spend $150 billion in five years, advances 5 million bpd production target to 2027


Abu Dhabi National Oil Company (Adnoc) plans to spend $150 billion on capital expenditure in the next five years, as it prepares to advance its 5 million barrels per day of oil production capacity target to 2027 on the back of improved market fundamentals.


However, the emirate is said to be currently producing just over 3.1 million bpd, in line with output targets set by the wider Opec+ group.


https://www.upstreamonline.com/production/adnoc-to-spend-150-billion-in-five-years-advances-5-million-bpd-production-target-to-2027/2-1-1362534

1 week ago

twynstar

OPEC launches 2022 edition of the World Oil Outlook at ADIPEC


The world economy is expected to more than double in size, and the global population rise by 1.6 billion between now and 2045.


The world needs to annually add on average 2.7 million barrels of oil equivalent a day to 2045.


Globally, oil demand is projected to increase from almost 97 million barrels a day (mb/d) in 2021 to around 110 mb/d in 2045.

The global oil sector will need cumulative investment of $12.1 trillion in the upstream, midstream and downstream through to 2045, equating to over $500 billion each year.


https://www.opec.org/opec_web/en/press_room/7042.htm

1 week ago

izoklse2022

Extraordinary General Meeting Presentation - 1 December 2022

https://www.youtube.com/watch?v=Ewc0D36lLCM

5 days ago

King_trader_shadow

Normally, if OPEC cannot increase 13bpd million a day then it's still a danger to the world oil supply.

Besids, waiting for the winter season to come then we shall see another round hike but let's see if inflation is letting this would happened.

5 days ago

fooming

Goldman noted including the potential for lower demand in China, recession fears, and the European Union's embargo next week on seaborne imports of Russian oil.

5 days ago

goldmans

steady green

5 days ago

derrtan

what happend?

4 days ago

MoneyMakers

Welcome to Dec 5 - EU oil ban!!!

Congrats to all Hib believers..keep the faith

P/s: excellent fundamentals with longterm oil bullrun + div (Jan 3) + share buyback incoming

4 days ago

KClow

Coastal better hisbiskus share cap high. Hard to push up.
Coastal low

4 days ago

KClow

Buy coastal not hibiskus

4 days ago

KClow

Jus my.humble opinion . No amgry with me k..
Buy coastal

4 days ago

miracle_trader

or just buy both coastal and hibiscus.safer

4 days ago

HafizAjiad98

Tapi volum Coastal tak banyak...

4 days ago

smshahrom

haiyaaa drop again..why ya?

4 days ago

BobAxelrod

Need me to say it again...???

You are not supposed to breach 1.10....understand???

3 days ago

i3lurker

Oil is massively down due to

1) recession fears even if China opens up
2) Russia will pump more

might even hit Saudi breakeven 65

3 days ago

rr88

I told u oil kambing down.
Why you went n buy hibisc when oil kambing down. Hibisc will make less profit n share price will also kambing. Now kena dy. Backhole pain or not? Wait more pain kambing n yr backhole will ooze blood.

2 days ago

HafizAjiad98

Rusia berkata ia tidak akan menjual minyak kepada negara yang menguatkuasakan had harga, bermakna bekalan minyak Rusia secara khusus mungkin mengetatkan bagi sesetengah pengimport.

https://oilprice.com/Energy/Crude-Oil/WTI-Falls-Despite-Crude-Draw-As-Product-Inventories-Soar.html

2 days ago

pang72

Rr88 sifu,I M agreed with you hibiscus will crashing down.. Only... Because Brent oil will moving toward usd60 soon.

SELL your big flower hibiscus and oil n gas stock as soon

2 days ago

maxprofit2020

all the promoters disappear

2 days ago

imvu

1.010 sudah masuk area kutip kutip , rebound otw !

2 days ago

pang72

Got promoter meh?
How to promote while oil crashing?
Sure go down mah

2 days ago

imvu

malam ni ada magic !

1 day ago

HafizAjiad98

Harga minyak macam akan singgah pada harga USD 70 - USD 75...

https://www.theedgemarkets.com/article/oil-set-steep-weekly-loss-slowdown-concerns-loom-large

1 day ago

pang72

Usd 60 for oil in 6 mons time

1 day ago

pang72

If you got profit or small loses, leave!

1 day ago

azfar8

Ok, if people that have position and follow your word, which counters do you recommend for the 6 months. We are happy if you be very specific, thanks in advance.

1 day ago

slts

pang if we need ur advice we'll ask u

1 day ago

kahhoeng

share buyback?

1 day ago

i3lurker

USD65 is the minimum acceptable to Saudi to balance their Country budget

22 hours ago

twynstar

Saudi budget 2023: kingdom posts largest surplus in nearly a decade



ADCB estimates the 2023 budget could be based on an oil price of around $78 to $80 a barrel. However, the lender expects a higher oil price assumption of $95 a barrel for Brent crude in 2023. Emirates NBD assumes the budget is based on an oil price forecast of around $75 per barrel, while Al Rajhi bank assumes an oil price of $78 per barrel.


https://www.thenationalnews.com/business/2022/12/08/saudi-arabia-presses-ahead-after-posting-largest-surplus-in-nearly-a-decade/

21 hours ago

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