KLSE (MYR): HIBISCS (5199)
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Last Price
2.61
Today's Change
0.00 (0.00%)
Day's Change
2.59 - 2.62
Trading Volume
975,800
Exchange: Bursa Malaysia Bursa Malaysia
Country Code: MY MY
Currency: MYR MYR
Sector: ENERGY ENERGY
Subsector: OIL & GAS PRODUCERS OIL & GAS PRODUCERS
Index Group: ENERGY ENERGY
Category: ORDINARY SHARE ORDINARY SHARE
Syariah Flag: Yes Yes
Short Sell Flag: Yes Yes
IDSS Flag: Yes Yes
Hibiscus Petroleum Bhd along with its subsidiaries is engaged in exploration and development of oil and gas. It has operations in Middle East, Norway and Oceania regions.
2nd Floor, Syed Kechik Foundation Building Jalan Kapas, Bangsar, Kuala Lumpur, 59100, Malaysia
+60320921300
Looks like Bro Azoff hv sold off hibiscus and yet to buy back, now unhappy that I bought up and making hibiscus shares more expensive than his selling price… Bro Azoff, don’t worry, I gonna dispose all my hibiscus tomorrow… good luck…
2 weeks ago
Didn’t expect this news coming, Wattsy… Marvelous! hibiscus will fly higher… congrats my fellow comrades!
2 weeks ago
Global oil demand will pick up strongly in May & June 😉
https://oilprice.com/Energy/Crude-Oil/Standard-Chartered-Global-Oil-Demand-Will-Pick-Up-Strongly-In-May-And-June.html
2 weeks ago
Err... not to Tradingeconomics, brent was slightly below 88 at 5:00 pm yesterday Malaysia time, and above 88 at 5pm today
2 weeks ago
https://www.aip.com.au/pricing/international-prices/international-market-watch
And according to above, Tapis trades above 94 most of the time in April and Brent mostly above 88
1 week ago
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.
2 weeks ago
Hibiscus just need some time for rest. Chill guys, we not come here to flame each other.
0 seconds ago
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.
1 week ago
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.
1 week ago
SQRT (22.5*0.559*3.56)=6.69
IT IS QUITE ACCURATE FROM MY EXPERIENCE, all you need is PATIENT!
3 weeks ago
Just woke up from sleep! I dreamt of markets hv adjustments soon consistent with the saying, “Sell in May and go away”!
2 weeks ago
Still hv another 680,000 hib share yet to dispose… Brent oil price weakening too… OMG…
1 week ago
FED decided to keep high rate for longer period of time as inflation still high. Brent oil immediately crashing to USD 83! OMG!
1 week ago
Let’s hope our bro Azoff feels better now with the dropping of hibiscus share price…
1 week ago
Bro Azoff, hope you r ok. I m collecting back Hibiscus. Don’t say that I didn’t tell you, Bro Azoff.
4 days ago
Collected another 300,000 shares of hibiscus at the cost price of 2.58-2.60 today! Cheers!
3 days ago
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
2 days ago
...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!!!
2 days ago
Why the IEA is Wrong About Peak Oil Demand
By David Messler - May 06, 2024,
In the episode titled, “Everyone is Rich,” Arjun posits what the impact on world energy demand would be if everyone was as energy-rich as the “Lucky,” 1.2 billion people that live in the Western World. More specifically, Arjun asks what it would mean for the other 7 billion people in China, India, Asia, and Africa to have the lifestyle that Americans, Canadians, Europeans, and a few other countries enjoy. The answer he comes up with on an absolute basis, 250 mm BOPD, using a reference point of 10 bbls a year!
Where are we now? The U.S consumes ~22 bbls of oil annually per capita while China consumes 3.7 bbls per capita. Indians use just 1.3 bbls per annum. That’s a pretty wide gap, and as Arjun notes, “economic growth and energy growth are one and the same. You do not get economic growth without adequate energy.”
https://oilprice.com/Energy/Crude-Oil/Why-the-IEA-is-Wrong-About-Peak-Oil-Demand.html
1 day ago
Now EIA estimates slower world oil demand growth in 2024 ... 😅
https://www.offshore-technology.com/news/eia-estimates-slower-world-oil-demand-growth-in-2024/
1 day ago
gavisconx
It seems legit, but if u got scammed there is always recovery option available. https://yourscamreport.com/free-consultation/
2 weeks ago