Bursa also need to know on Who, Which, Why, How, What LOL

makan time signing off

r they related 2 pelikan? d name sounds so school stuffs

I stick with my decision to follow donovan's tp LOL, not ready to sell anything LOL

i hold follow donovan's TP

if u want to know on movements its best u see TA charts on where its heading

yup

buying stocks u can use both FA and TA as guideline

cheers!

just sharing
https://donovan-ang.blogspot.my/2018/02/hibiscus-klse-5199-calculating-smart.html

upgraded my tp to RM2.32 follow donovan's TA

shareholders, all the best!

educated guess :D

goodnight all, I'm tired, all the best!

pure luck

OPEC confident in U.S. shale’s lack of longevity :D

ty YS, good night

yup, I'm comfortable here, tessa's home my home too

I pity you YS! so many flags

Frac Sand Shortage Threatens Shale Boom
By Nick Cunningham - Feb 20, 2018, 6:00 PM CST

Higher drilling costs could threaten the recent surge in United States shale production.

Halliburton said last week that its earnings could be negatively impacted because of bottlenecks related to the supply of frac sand used in shale drilling. The Wall Street Journal reported that Halliburton’s shares were briefly halted on February 15 after Halliburton’s CFO Chris Weber told an audience at the Credit Suisse Energy Summit that the company’s first quarter earnings could take a hit by a whopping 10 cents per share.

The reason, he said, was because of delays by Canadian rail companies that would slow the delivery of frac sand. Halliburton saw its shares drop by more than 2 percent on a day that saw broader gains to the S&P 500.

Frac sand is integral to growing shale production, increasingly so these days with more and more sand pumped down into a well. Shale drillers have credited the heavy doses of sand with squeezing out more oil and gas from the average well. Demand for frac sand surged from 34 million tons in 2012 to 61.5 million tons in 2014. Consumption fell in the ensuing years as drilling dried up when oil prices collapsed, but frac sand consumption surpassed previous highs in 2017 as drilling resoundingly came back.


In 2018, frac sand demand is expected to top 100 million tons, according to Rystad Energy. “Right now, the market is really stretched thin,” says Thomas Jacob, a senior analyst at IHS Markit, told the FT in December. “Everyone is running at full capacity.”

Much of the frac sand has come from places like Wisconsin, which produces “northern white sand” that is hard and round, helping to create porous fractures in shale wells. It is high quality, but expensive, particularly because it has to be shipped by rail to Texas shale fields. The FT reported that frac sand could cost $120 per short ton on at the Texas well head in 2017, essentially triple what it costs at the mine in the northern U.S.

That led to new investment in frac sand mining in Texas, where “brown sand” could be produced. The quality was not as good, with finer grains, but Texas brown sand could cost a third less than its northern cousin, and it is located much closer to drilling operations.


But as the mines in Texas are still in the process of coming online, the U.S. shale industry’s dependence on far away suppliers continues. And because drilling is ramping up, and the average shale driller is using more proppant than ever before, sand supplies are feeling the strain.

“During the fourth quarter, we also saw cost inflation in sand and trucking. The price of sand escalated over the last few months of 2017,” Jeff Miller, Halliburton’s President and CEO, told investors on an earnings call in January. “[B]ut I believe that increasing sand capacity, particularly from localized mines combined with our supply chain strategy will reduce the cost throughout 2018.”

He went on to try to reassure investors. “Now, these headwinds were anticipated, are transitory, and are not a surprise at this point in the cycle,” Miller said.

The effects could wear off as new mines startup close to the action in the Permian. “We're using local sand with a few customers in the Permian and I believe this will become an increasing trend as additional capacity is activated. Therefore, sand cost should go down in 2018 as regional sand mines come on line and capacity is increased,” Halliburton’s CEO Jeff Miller said last month. “This will not happen overnight, but we are working with our customers and suppliers to ensure that we can provide desired profit at a reasonable cost.”

In the meantime, drilling operations could face some obstacles. The WSJ reported that Evercore ISI warned in a research note that “customer frustration is rampant given the impact to production. Most other pressure pumpers will likely see similar headwinds, further hampered by the cold weather Texas experienced in January.” Canadian National Railway Co. said that it halted all new frac-sand shipments for a week in Minnesota and Wisconsin during some brutally cold winter weather

It will be a while before the impact on oil production, if any, becomes clear. But Halliburton’s warnings indicate some near-term problems for shale drillers.

By Nick Cunningham of Oilprice.com

Hibiscus 2Q net profit up 3.4% on higher revenue

KUALA LUMPUR (Feb 21): Hibiscus Petroleum Bhd saw its net profit for the second quarter ended Dec 31, 2017 (2QFY18) rise 3.4% to RM11.04 million from RM10.68 million a year ago, thanks to higher revenue and lower expenses, but offset by absence of foreign exchange (forex) gains incurred in the same quarter a year ago.

Quarterly earnings per share stood at 0.72 sen, against 0.76 sen in 2QFY18, according to its filing with Bursa Malaysia today.

It was the eighth consecutive profitable quarter for Hibiscus since the oil and gas outfit acquired its first producing asset — Anasuria Cluster — two years ago, the company said in a separate statement.

Quarterly revenue jumped 21.08% to RM76.06 million from RM62.82 million previously, largely driven by higher average realised oil price per barrel in the quarter.

This was however partially offset by lower average uptime of 63% from 90% in 2QFY17, mainly due to a planned shutdown of the Anasuria floating production storage and offloading vessel for 31 days in the quarter, added with lower average daily production rate due to two temporary malfunctions — both of which have since been resolved.

For the six-month period ended Dec 31, 2017 (6MFY18), Hibiscus' net profit was 76% lower at RM21.83 million against RM90.96 million in the same period a year ago. This was due to lower deferred taxation of RM3.71 million in 6MFY18 compared to RM83.88 million in 6MFY17.

Hibiscus recorded a 30.35% increase in pre-tax profit to RM22.83 million, from RM17.51 million previously, thanks to lower expenses and higher revenue offset by absence of forex gains. Half-year revenue rose 14.23% to RM134.3 million, from RM117.57 million in 6MFY17.

"During the first half of this financial year, we have demonstrated an ability to deliver results even though we have conducted extensive planned maintenance and have been subject to some unscheduled production interruptions," said Hibiscus managing director Kenneth Pereira.

"The fact that we have executed the planned maintenance activities should place us in a good position going forward, provided oil prices remain at current favourable levels," he added.

Hibiscus, said Pereira, is now focusing on the drilling of the GUA-P2 side-track well by the end of June 2018, "which will unlock 1.01 million barrels from our current 29.2 million barrels 2P reserves".

The progress puts Hibiscus on the right track towards achieving 5,000 barrels of oil per day by 2020 from the Anasuria Cluster, he added.

"We are also working towards the completion of the North Sabah acquisition by March 31, 2018, which will represent a significant milestone and introduce a second cash generating business segment to the group," Pereira said.

At 2.07pm, shares of Hibiscus rose 1.5 sen or 1.53% to 99.5 sen, giving the oil and gas company a market capitalisation of RM1.58 billion.


theedge

Oil falls as dollar firms, US oil output expected to rise

SINGAPORE: Oil prices fell on Wednesday, weighed down by a rebound in the U.S. dollar from three-year lows hit last week and by an expected rise in U.S. crude production.

U.S. West Texas Intermediate (WTI) crude futures were at $61.19 a barrel at 0755 GMT, down 60 cents, or 1 percent, from their last settlement.

Brent crude futures fell 48 cents, or 0.7 percent, from their last close to $64.77 per barrel.

Wang Tao, Reuters technical commodity analyst, said Brent could fall into a range of $63.92 to $64.41 per barrel, as suggested by its wave pattern and a projection analysis.

Traders said the declines were driven by a recovery in the dollar, which potentially hits fuel demand as it makes greenback-denominated oil imports more expensive for countries using other currencies.

The dollar index, which measures the greenback against a basket of six major currencies, rose for a second day on Wednesday, moving further away from the three-year lows reached last week.

"The U.S. dollar continues to find firmer footing," said Stephen Innes, head of trading for Asia-Pacific at futures brokerage OANDA in Singapore.

Also pressuring prices is surging U.S. production <C-OUT-T-EIA>, now the world's second-largest oil stream at more than 10 million barrels per day (bpd), only slightly behind Russia and ahead of top exporter Saudi Arabia.

"Bulging U.S. production will weigh on prices," said Singapore-based Phillip Futures in a note on Wednesday.

The next set of weekly U.S. oil production data is due to be published by the Energy Information Administration (EIA) on Thursday after a one-day delay because of the President's Day holiday on Monday.

That data will also include U.S. inventory figures that are expected to show crude oil stockpiles rose 1.3 million barrels in the week to Feb. 16, according to a Reuters poll. Oil product stockpiles, including gasoline and distillate fuels, are all expected to decline.

Despite the rising U.S. output, overall oil markets remain well supported due to healthy demand growth and supply restraint by the Organization of the Petroleum Exporting Countries (OPEC) that started last year to draw down excess global inventories.

"A roughly balanced market is anticipated in calendar year 2018, with the risks around that view tilted towards surplus," mining and energy giant BHP said in its economic and commodity outlook for the year, published this week. - Reuters
Read more at https://www.thestar.com.my/business/business-news/2018/02/21/oil-falls-as-dollar-firms-us-oil-output-expected-to-rise/#r4PPEXyfk7obUERj.99

ys, ask them to buy call warrants, while waiting for the free warrants, they can make money when the mother shares up

i think the overall market volatile

everytime down a throng of them there

the Q results not bad eh, bought some

guys if u r not in this counter, please leave

will move up :D

same

yup

finally!

hey why no one want to sell CB to me :(

wtg!

be strong hibiscus shareholders, hand in hand, you and me

nuraini?

ys, do u remember 1 old guy, he used 2 come here

morning ys!

WTI CUDE OIL ; 61.90

BRENT OIL ; 65.12

USD/MYR ; 3.89

Morning Tessa!

Goodnite and may God bless all!

Trading jokes and humour

From a trader after a market crash: “This is worse than a divorce. I’ve lost half my net worth and I still have a wife.”

Traditions capitalism
– You have 2 cows.
– You sell 1 and buy a bull.
– Your herd multiplies, and the economy grows.
– You sell them and retire on the income.

American capitalism
– You have 2 cows.
– You sell 3 of them to your publicly listed company, using letters of credit opened by your bank, then execute a debt/equity swap with an associated general offer so that you get all 4 cows back, with a tax exemption for 5 cows.

The milk rights of the 6 cows are transferred via an intermediary to a Cayman Island company secretly owned by the majority shareholder who sells the rights to all 7 cows back to your listed company. The annual report says the company owns 8 cows, with an option on 1 more.

Sell 1 cow to buy influence with a new president of the United States, leaving you with 9 cows. No balance sheet provided with the release. The public buys your bull.

French capitalism
– You have 2 cows.
– You go on strike because you want 3 cows.

Japanese capitalism
– You have 2 cows.
– You redesign them so they are one-tenth the size of an ordinary cow and produce 20 times the milk.
– You then create cute cow cartoon images called Cowkimon and market them worldwide.

German capitalism
– You have 2 cows.
– You reengineer them so they live for 100 years, eat once a month, and milk themselves.

British capitalism
– You have 2 cows.
– Both are mad.

Italian capitalism
– You have 2 cows, but you don’t know where they are.
– You break for lunch.

Swiss capitalism
– You have 5000 cows, none of which belong to you.
– You charge others for storing them.

Chinese capitalism
– You have 2 cows.
– You have 300 people milking them.
– You claim full employment, high bovine productivity, and arrest the newsman who reported the numbers.

New Zealand capitalism
– You have 2 cows.
– That one on the left is kinda cute…

papaya juice, yes indeed, ur old friends still here, perhaps they miss u LOL

Indonesia eyes bids from oil's big boys in Europe, US

JAKARTA: Indonesia will hold roadshows in the U.S. and Europe later this month to lure investments from the world’s top oil companies as the former OPEC member seeks to reverse a decline in oil and gas production.

The Energy and Mineral Resources Ministry will seek bids for as many as 40 oil and gas blocks this week, Deputy Minister Arcandra Tahar said in an interview in Jakarta on Wednesday. The areas being offered will include onshore and offshore assets and those not sold in tenders in the past three years, he said.

Indonesia is trying to lure billions of dollars of investments into its oil industry to reduce dependence on imports as production slumps from its aging fields. The path has not been easy. The country, once a major crude oil shipper in Asia, only managed to sell five blocks out of 10 offered in a tender last year. The government is targeting industry’s “big boys” such as Chevron Corp., BP Plc and Exxon Mobil Corp., said Tahar, an oil and gas professional who lived in the U.S. for 20 years.

Tahar and ministry officials plan to meet oil company executives within a week after the auction announcement scheduled for Monday. Their first stop will be Houston, followed by Paris and Singapore.

image: https://content.aimatch.com/default.gif

“We will try to show them we have a new policy, a new fiscal regime, that’s going to be much better than the previous one,” Tahar said. “If you come and invest, the process will be simple and transparent. The message need to be conveyed clearly and loudly.”

The former member of the Organization of Petroleum Exporting Countries has switched to a so-called gross-split scheme for explorers from a production-sharing contract. The new regulation provides more certainty, flexibility and transparency for oil investors, Tahar said. His ministry has scrapped more than 50 regulations related to employment to refinery permits this year as it targets $200 billion in new investments over the next decade.

Indonesia Scraps More Regulations to Lure Investments in Energy

“With gross split, there is a certainty that you yourself count the split,” Tahar said. “If you are in early production, we are going to give better incentives, and phasing out over the cumulative production.” Explorers will get greater incentives if crude price is low and it will be reduced when prices move higher, he said.

Chevron, the second-biggest U.S. oil explorer, which has been operating in Indonesia for more than 90 years, is the country’s largest producer of crude oil, delivering approximately 40 percent of the national production from its operations in Sumatra and Kalimantan, according to its website. Exxon runs the Cepu block in Java.- Bloomberg
Read more at https://www.thestar.com.my/business/business-news/2018/02/20/sime-darby-plantation-braces-for-anti-palm-oil-challenges/#Iq4vEv72fhjDBgss.99

Saudi Arabia becomes oil price hawk

LONDON: For decades, Saudi Arabia was the voice of moderation within OPEC, pushing back against the urging of members like Venezuela and Iran for higher oil prices. That role seems to be shifting.

Thanks to OPEC-led production cuts, crude prices are double their level two years ago and bloated oil stockpiles are almost back to normal. Yet Saudi Energy Minister Khalid Al-Falih wants to go further.

Producers should keep cutting for the whole year, even if it causes a small supply shortage, Al-Falih said. “If we have to overbalance the market a little bit, then so be it,” he told reporters in Riyadh last week.

The changing stance reflects the unprecedented pressures Saudi Arabia faces as Crown Prince Mohammed Bin Salman embarks on a program of sweeping economic reforms, including the potentially record-breaking initial public offering of its state oil company.

image: https://content.aimatch.com/default.gif

“If you’re Mohammed Bin Salman, and trying to radically reinvent your country” then “you need a certain price to make it work,” said Helima Croft, head of commodity strategy at RBC Capital Markets LLC.

Previously content with oil at $60 a barrel, Al-Falih is now seeing $70 as the level where crude prices should trade, according to a person familiar with the matter, who asked not to be identified because the information was private.

For the past year, the Organization of Petroleum Exporting Countries and Russia -- once fierce oil-market rivals -- have led a coalition of 24 producers in output cuts aimed at clearing the supply glut unleashed by U.S. shale-oil drilling. Their objective of reducing oil inventories to their five-year average is finally in reach, but the two energy giants now suggest modifying that goal as they encourage fellow producers to keep supply constrained.

Changing Targets

The motivation could simply be that the Saudis “recognize the limitations of the inventory target” which has been skewed by years of oversupply, said Harry Tchilinguirian, head of commodity markets strategy at BNP Paribas SA. To “err on the side of rebalancing” will ensure that the process is complete.

Yet going beyond the initial targets, and keeping prices supported, also serves a number of internal purposes for the kingdom.

Higher crude prices could help secure a valuation for Saudi Aramco closer to the $2 trillion envisaged by Prince Mohammed, a figure some analysts consider unrealistic.

The extra revenues may also allow more gradual reductions in the generous subsidies and public-sector jobs that underpin the Saudi economy. As prices rebounded, Prince Mohammed already retreated on some attempts at austerity in the face of discontent last month, renewing state handouts as he tries to win popular support for longer-term transformation plans.

The Saudis are seeking “a bridge price, to get you where you’re comfortable with deeper reform,” said RBC’s Croft. “If you’re willing to start a revolution in your country, and shake it to its core, is an oil price of $27 really where you want to be?”

Dove to Hawk

A more hawkish Saudi stance on prices is a sharp contrast with their attitude in previous years.

In the 1970s, then-minister Sheikh Ahmad Zaki Yamani warned fellow OPEC members that their wave of oil-price hikes would backfire. He was proved right as consuming nations developed energy reserves in places like Alaska and the North Sea and the group’s market share stagnated for years.

When oil surged to almost $150 in 2008, attempts by Saudi Oil Minister Ali al-Naimi to cool the rally also faced opposition from other OPEC nations eager to enjoy soaring revenues. Prices slumped the following year during the Great Recession.

The dynamic is showing some signs of reversing. After Brent crude shot above $70 in late January, Oil Minister Bijan Namdar Zanganeh of Iran -- an OPEC producer that often used to agitate for higher prices -- said that $60 was sufficient.

Risky Strategy

Emboldened by the success of their strategy so far, the Saudis are now pursuing price levels that will ultimately lead to failure, said Eugen Weinberg, head of commodity market research at Commerzbank AG in Frankfurt.

Crude’s recovery is stimulating record shale-oil output from the U.S., which is on track to surpass both Saudi Arabia and Russia as the world’s biggest crude producer this year, according to forecasts from the Department of Energy. A new flood of supply could easily send prices lower again, according to Weinberg.

“The Saudis got overconfident,” Weinberg said. “Their goal has become higher prices, no matter the cost. But that won’t work in a market like this.” - Bloomberg
Read more at https://www.thestar.com.my/business/business-news/2018/02/20/saudi-arabia-becomes-oil-price-hawk/#H7WQE4PsiUWfO8jl.99

Malaysia’s tycoons flew Genting’s private jet into Africa

KUALA LUMPUR (Feb 20): Malaysia’s richest tycoons flew into Africa on Genting Group’s private jet in celebration of the Year of the Dog, local media reported.

According to recent reports by Nanyang Siang Pau led by Genting Group’s Tan Sri Lim Kok Thay, Malaysia’s richest entrepreneurs were flown into Kenya on private luxury jet Crystal AirCruises operated by the group on an “African Safari Tour”, for a different taste this Chinese New Year.

The week-long air cruise began from Nairobi, the capital city of Kenya, and flew westward along the East African Great Rift Valley, before entering Masai Mara National Reserve in south-western Kenya.

Masai Mara National Reserve is one of the country's most beloved wildlife sanctuaries, located on the banks of the Mara River.

As part of the program, guests also visited the Dame Daphne Sheldrick Elephant Orphanage which cares for orphaned baby elephants amongst other animals.

Guests included Kok Thay’s wife Puan Sri Cecilia Lim, Tan Sri Datuk Chua Ma Yu of CMY Capital Group and spouse Puan Sri Sharon Chua, Founder of Nirvana Asia Tan Sri David Kong Hon Kong and spouse, MerryFair founder Datuk Ong Hooi Lim and Datin Soo Phaik Im, NCT Group co-founder-cum-president Datuk Seri Yap Ngan Choy and executive director Datuk Joe Yap Fook Choy.

still in, investing takes patience, no hurry, I'm good!

no worry, they will come back to Malaysia :)

noted with thanks

Stock dilution refers to the issuance of additional stock by a company, for any purpose. Shares Not free warrants.

ys, wtg :)

hold ev1, extra money u can topup, imao

hold on or top up :)

ys, usually traders,
why so many flags?