dilution happening,?

then u are trading on political hope instead of investing on fundamental, its a badly run company...

really crazy to invest in this stock, should be trade in this stock, invest in other stock.

LATAM becomes largest airline to file for bankruptcy amid coronavirus.

all depends on hari raya covid cases la after hari raya.. place your bets...

the oil market nature has changed until vaccine is approved.

Norwegian Air's shares plunge 50% as equity issue completed

Even you are injected
with a vaccine, it takes 6 months / 2years to know whether you immune Or not. That is the reason
it takes minimum 18months to develop a vaccine( fast track ) Ebola vaccine is still not available
after 18 years... this statement is so wrong...

yeah right... news from oilprice. com

As a forward step for the remaining period of CY20, we have locked in future sales of 750,000bbl at an average price of US$35/bbl in North Sabah,”

=======================================
so if hedged at usd 35, minus anusuria premium usd 5, is equal to usd30, means hibiscus is expecting average crude price to be usd 30 for the next 6 months (or lower)? so even if brent crude higher than usd 30 now, there is no additional impact on revenue for next 6 months?? on top of additional 5 % collection tax from Sabah government - > impact on net profit, so why traders want to goreng on brent price??

if cannot earn extra revenue now when oil price up, then why Buy hibiscus now?

later oil price shoot up to usd 45 now, but company hedge it already, cannot earn extra revenue, poor management again??

last year oil at usd60-70, hibiscus didnt hedge to lock profit, now hedge at low price. poor management?

on top of 40% + 5% additional tax on anasuria oil? so optimistic?

then why hibiscus didnt hedge it last year??

why now trade on current oil price wheb hibiscus already hedge the oil sale at usd 35?? no matter up or down, will sell at usd35...

even uptrend also no use, since the oil is hedged at usd35 right??

or much lower or else won't hedge at usd 35 for anasuria, also concern the 5% tax collection on top of 40% existing.

hibiscus is expecting the price to be around usd 30 on average brent price.

hedge the oil price at usd35

so you still wish country to be bankrupt?

if country bankrupt. we as a normal citizen also bankrupt, ringgit will be devalue, epf will be gone, inflation will be high, unemployment will be. high. look at Greece.

a lot of new folks around...most likely traders, this stock was not so popular a month ago...

a question, if oil cut, isnt it that hibiscus need to partake in the oil cut as well thus means that the revenue shall drop as well, since hibiscus is contracted to share the production with with petronas as well, thus revenue will drop even n though price has increase?

nola, dont create fakr news, oil at usd 23

#fakenews, what a NASTY comment...

news from the start of MCO

they are still operating during MCO

Shares in Hibiscus Petroleum Bhd rose 3.45% in active trade after the firm said it will continue to operate during the 14-day Movement Control Order imposed by the government to curb the spread of the Covid-19 infection in the country.

At 10am, Hibiscus rose 1 sen to 30 sen, valuing it at RM476.47 million. Some 11.71 million shares were traded.

minute 39:50

https://youtu.be/iLebQI_P54o

@apple 168, listen to the latest conference quarterly call, the company have zero debt, gearing at 0...

yeah funny thing is at year 2015 and 2016 anasuria and North sabah was not even in the picture... odmf course that they are a loss...

apple168 is trying to promote fake news... 0 debt and opex at usd 12 and usd 23, at most current price, profit at 0 or less, takes a year or 2 to finish up the cash pile at current depressed price...

ships planes and cars are not moving, who is going yo use the extra oil!? oil storage has been fillled until the oil tankers are filled as well (waiting to be delivered)

how much can opec+ cut to balance the demand supply? now the pressure is from demand side, when they broke up the agreement last month, demand is still there. after 1 month after virus lockdown, we are looking at original demand - 25 millions barrel. how much can cut? even if you cut, the drop is negligible compared to the demand drop.

please la, hibiscus trade in brent crude price and not WTI price, what is this bull*??

saudi can deny all they want but they depend on us for military protection...

i wont deny that the sentiment of the energy sector is bad, but please dont pump the board with fake news to get the price down for the price that you want to enter...

the statement by the chairman is old news, hence fake news. hibiscus is in a better position than a year ago

pls don't use taxpayers money to bail out corporate companies

saudi depends on usa for their military defense in their own country from Iran...

i think this is election year for trump, he will bail out the shale companies since funding from banks have dried up. as matter of fact, no us president have won the election during recession, so take note of the energy policies of potential winners, as there could be a change in energy policies if the Democrat wins.

pls la its not over, contagion start to impact usa and eu...

who blink first?

pls go even lower, saudi - > russia - > usa - > saudi. merry go round...

boo, im afraid... thanks for the link. this is the exactly the kind of management that show good financial management to manage the risk reward.

wc how to sapu??? the ratio is not even worth it....

i don't know what to choose

a good day to collect