Looking forward to the SBB as 100M is a very good way to counter the IDSS and the management also can get cheap tickets from the IDSS

Will it's SBB scheme after EGM gives the effect like syscorp

The coming qtr result n the share buy back scheme after the EGM should propel the it's prices further up

I wonder if the share buy back scheme has been started ?

https://finance.yahoo.com/news/world-worried-saudi-aramco-world-160000039.html

A very clever move to have the share buyback strategy. When the IDSS throws then they can pick up cheaper tickets

Will people switch over from syscorp to harbour after making money there

It should move nicely today or next week after consolidation

Harbour will catch up tmw

Once the Fed hikes the rate the market will up again as one uncertainty is taken away

https://www.theedgemarkets.com/article/og-producers-smash-cash-flow-records

Is this the way to counter the potential Iran oil coming to the market
https://oilprice.com/Latest-Energy-News/World-News/OPEC-President-Backs-Potential-Oil-Output-Cuts.html

https://oilprice.com/Latest-Energy-News/World-News/UBS-Sees-125-Oil-In-The-Coming-Months.html. Probably they see that OPEC will mull about output cut from time to time

https://oilprice.com/Energy/Crude-Oil/Saudi-Arabia-Is-Determined-Not-To-Waste-This-Oil-Boom.html
Do you think OPEC will let the price to fall below 95

Foreign fund must play some role now in it

Very strange, when it is under rm1 no one wants to buy but when it is rm1.5 everyone choose to buy more

With projected EPs of over 30cent next year. It's price should at least be rm1.5 by now

Lets all Lu ...pass rm1

Now IDSS value has increased to 3.2M

IDSS Is so desperate to push it down its value has increased from 1M to 2.7 M in 3 mins

With 550M in cash , they can just pay off the SST to the Sabah state gov so easily

Great that the IDSS helped some people who believe in hibiscus to get some cheap tickets during the 1st half session today

30% of Repsol output consists of natural gas. As gas price has been double since the Repsol purchase. So suprise earning contributor could be from the gas sector as Analysts never expect the gas price could be double

IDSS fake sell queues around 0.98 should be easily broken when it is near 3.30pm

Some big buyers already smell the potential fantastic results

Managed to collect a little bit more at 1.41

Accumulated a bit more at 1.44 B4 the QTR result

Not surprised if it closes over 1.5 today as the the QTR result is very likely to be out this week or next week

Waiting for a meaningful breakout

https://klse.i3investor.com/web/blog/detail/kianweiaritcles/2022-05-15-story-h1623241243-Shanghai_s_daily_Covid_19_infections_halve_to_below_1_500_cases_raising

Accumulated a bit more at 1.33 before the QTR result

Managed to accumulate some more at 1.33 for longer term

https://www.cnbc.com/2022/05/09/dan-loeb-dodged-aprils-big-sell-off-and-is-finding-opportunities-in-energy-cyclical-stocks.html?__source=androidappshare

Accumulated a bit more at. 1.36 again

Getting abit more at 1.36

Managed to accumulate a bit more at 1.39

Nibbled again at 1.19

Institution banks who can see a bigger picture are forecasting oil price slightly above 100 for 2022 n 2023
https://www.cnbc.com/2022/04/11/oil-markets-china-lockdown-oil-reserves.html

Nibbled a bit more at 1.19

Accumulated a bit more at 1.20

https://oilprice.com/Energy/Oil-Prices/Short-Squeeze-Sends-Oil-Prices-Above-120.html

Warren Buffett has bought some stakes in an oil company. Now another Indian Billionaire is planning to get some stake in Another oil company. They must have seen something ahead https://oilprice.com/Latest-Energy-News/World-News/Indian-Billionaire-Discusses-Buying-Stake-In-Saudi-Aramco.html

Hibiscus just needs oil price of 75usd to match MaybankIB's TP of 1.9 so any oil prices above 75usd is a real bonus.

It looks like IDSS is very active today with a lot of shouting of run

Managed to accumulated some more at 1.10. This morning has flashed out a lot of contras so should build a stronger base for moving up

Reading the article below, does it mean that Hibiscus' price also has a lot to catch up too as it is still well behind Maybank IB's TP of 1.9 which more or less based on the oil price of usd75. Does it mean any dip will be the accumulation opportunity for people with longer term in view.
https://oilprice.com/Energy/Energy-General/Oil-Stocks-Are-Trading-At-A-Deep-Discount-Right-Now.html

Uncharted Territory

Maybank IB's TP of RM1.7 is reasonable and achievable as it needs the oil price only at 75usd. Any oil price above 75usd is a real bonus. Hope the TP of RM1.70 will be reached B4 end of this qtr.
Some more AmInvest Maintains Brent oil price projection at US$90?95/barrel for 2022 and US$80-85/barrel for 2023.
https://klse.i3investor.com/web/blog/detail/AmInvestResearch/2022-03-03-story-h1599409368-Oil_Gas_Rerating_cycle_from_elevated_risk_premiums

The recent Q2 EPS 2.42 was based on the oil price of 75usd and some based on 72usd. By using the conservative price of 75usd per Boe in the Q3 n Q4 EPS estimated calculation, they should be (2.42 + 2.42) and the annualised total EPS should be around 7.26 +Q1's 2.07 =9.33. So the non Repsol asset will contribute 2.5M to 2.7M Boe (see the Edge article below) with 9.33 EPS. In addition, the Repsol asset will contribute 2.5M Boe too, therefore another extra 9.33 EPS with the conservative price 75usd per boe too. Thus the estimated annualised total EPS is 9.33 +9.33 =18.66 cents(about 19 cents). Therefore Maybank IB's TP RM1.7 looks very reasonable n conservative and achievable with oil price just needs to be at 75usd Boe. Again If based on the 90usd per Boe the total EPS should be well over 22 cents EPS. So the TP of RM 2.00 is also very much reasonable and possible based on PE of 10
https://www.theedgemarkets.com/article/hibiscus-petroleum-2q-net-profit-jumps-four-folds-higher-crude-oil-prices

The article says " as Occidental was rallying, Berkshire was buying". Warren Buffett's Berkshire Hathaway is buying more shares in the oil stock, did he see something we don't

https://www.cnbc.com/2022/03/05/berkshire-hathaway-reveals-5-billion-stake-in-oil-giant-occidental-petroleum.html?__source=androidappshare

The oil prices still go up so obviously the soon to be Iran deal has been factored in. Can this be one of the factors, dfficulty in exporting the Russian oils (about 8 million BPD crude + refined).
https://klse.i3investor.com/web/blog/detail/kianweiaritcles/2022-03-05-story-h1600093479-Russia_s_toxic_oil_sends_tanker_rates_into_a_frenzy