I think these few days will have resistance from the one bought during the sub 90 cents ... hope that the resistance will soon be gone...

Holiday period?

Lol ... brent 66... go go..

Short term they haven't announce which malay basin field they are pursuing...

Good for you SecretOne and Supermx2 ... good job...

Waiting for the price to fall further... think can?

I know... haha

Lol ... this dericlock comment history so negative

https://www.theedgemarkets.com/article/hibiscus-petroleum-targets-deliver-35m-barrels-crude-oil-fy20

@OrlandoOIL... your old account...

Oh... so today got people short? .... y the price still 89cts?

@Miz Raya Bloom, next two report only will see good result... next report is highlighting july to September which some of the infill works still ongoing and the price is still low.

Lol my bad reading the wrong column of report... looks like plan maintenance for both producing asset....

When is warrant conversion ady?

Paktua support ....

@dericlock including taxes?

Seems like dayang is being goreng internally...

The key is how much downtime in sabah eor...

If the oil stays at this price... the asset will stay at 80c per share... with expansion not sure will reach current value or not with the same oil price... hope they can expand when the oil price is weak...

Just gonna continue to top up...

Also some deffered taxing, means the tax is paid in advanced

In my opinion their every quarter report are good if not great, but this stock is unpopular now. Focus never goes to this counter. The next QR also won't have significant change to its popularity...

https://oilprice.com/Latest-Energy-News/World-News/Oil-Rebounds-On-Surprise-Crude-Draw.html

Today naik lagi lol...

@dericlock the tax i think already differed by the previous quarter..

Bagus!!

Not just management though... the upstream sector is mostly at the limit due to the low oil revenue from the low price of brent...

@Miz Raya Bloom i dapat woh... i beli sikit jer

Eh... breakeven

@dericlock ok

Already keep averaging down... now avg is 96.5 cents

Malay basin huh...

@dericlock i think they estimate the production from Australia site.. but the cost is high so delayed

The thing wrong here is malaysian buy stock by trend or by advice of sifu... also some cronyism...

Lol ... dupes dericlock

@dericlock did hibiscus acquire loan before?

If only they redeem it back from rex

They target 20000bbl/day though

Ya... but my avg still 0.97

They give more shit to the service company

Tak kesah baik jugak... takde orang main main ngan harga sini

I read the preceding, the judge very clueless of hibiscus being too good man in the case... not proceeding any lawsuit on them ... like letting the rex bully them...

27k is just the lawyer cost...

The higher one jump above its value, the further it will drop to regain balance... the more one drop below its value, the harder it will drop even more and the faster it would recover to its value.

People always goes to where promotion is. Thats why it can roll higher and higher each time.
What people didn't see is the possibility of bull trap... in current economic condition and the unrealistic chart, i always think that it was bull trap waiting to close... another possibility it to get higher RI rate... which the after effect are similar to the bull trap.

Then it would be a waiting game

@SuperPanda those who stucked at high price should purchase more at lower price if they trust on this stock... if not better just sell off... since it is dropping every day..

Today no IDSS la...

Especially for the one that do not have much debt to service...

Around 55 to 65 do not make much difference

@pengyou .. nah .... brent was always been at below USD60 average