HK/China don't tank, Dow earnings season looks set to be above expectations, markets get used to over 3% yields, global economy doesn't crash but slows, then, everything is set

Go and tweet to the greatest POTUS in the history of mankind that Jamal Kashoggi, a bona fide American citizen, was killed while fighting for what he believed in, and ask the mighty Mr. Donald Trump, "Is this how you Make America Great Again? By being a coward just because Saudi Arabia is the largest exporter of crude? We never negotiate with terrorists. Send the warships and the entire airforce!"

Brent at USD $80 per barrel PBT is c. RM 400 mil, this has not included the additional barrels from P2-ST

And the mega funds are now in

It has been an honour to serve with all of you, my brethren, my comrades

Words offer a means to meaning, and for those who will listen, the enunciation of truth

Enjoy the ride, all of you deserve it, for even if 2018 has been a difficult year, the pros shall always find a way

If you can keep your head when all about you are losing theirs...

When there is real fear and all about you are selling, that is the exact moment when you should sialanggggg!

Remember, Remember, the FOURTH of Novemberrr, the gunpowder treason and plot. I know of no reason why the gunpowder treason should ever be forgot

HANTAMMMMMMM!!!!!

The only reason the monkey trump hasn't clamped down on Iran and all those countries that import Iranian crude is because there is mid-term election on Nov 6.

Once that is done, what do you think he would do?!

The full might of the financial, legal and military force of the greatest nation in the world Make America Great Again would be unleashed upon Iran!

And if just 'trade imbalances' can cause donald duck to impose over USD $ 500 billion worth of tariffs thus screwing their own citizens, what do you think supporting and buying the crude of an enemy of the state of the greatest President Of the United States of America in the history of mankind, terrorists with nuclear ambitions, what do you think it would do to Trump the patriot?!

You guessed right, he will triple down on China and India. And the world may end, but crude shall forever burn bright!

DEATHHH CHARGEEEEE

PANIC BUYINGGG LIMITTT UPPPPPPPPPPPPP

RM 2.00 GOGOGOGOGOGO

As stated before crude is correlated to yields - when yields go up, stock go down, commodities go up

That correlation has held since 2016. And it shall hold once again

The world may crash and burn, but Crude shall forever burn bright!

Forth and fear no darkness!

As predicted...


"We will take care of them," Trump told reporters when asked about the decision of some countries like India and China to continue to purchase oil from Iran.


https://m.economictimes.com/news/international/business/we-will-take-care-of-countries-that-will-continue-to-buy-oil-from-iran-after-nov-4-donald-trump/articleshow/66160313.cms


Buying from Iran is akin to being an enemy of the greatest state in the universe make America great again who dares to mess with trumppp


The crude market is dumb just as when the USD$200bil tariffs were to be imposed markets thought it wouldn't go ahead so markets technically rebounded and then...the monkey went and announced that not only weretwill it go ahead, it'll now be 25%! Then look at Hang Seng and Shanghai markets lol


When Iran sanctions fall, crude shall reach for the stars

Rather than taking mahathir's words as fixed (always flip flop), I would rather Ekovest management go to him and the cabinet, and propose to reduce the toll by 10% for the next 3 years for example or pay a higher proportion of the tolls collections (as a gesture of goodwill from Ekovest to our beloved country tanah tumpahnya darahku Malaysia and to lessen the country's RM1 trillion burden as mentioned by the Finance Minister, if you know what i mean...), and then re-sign an agreement with the present government of the day PH, indicating that Ekovest's tolls will stay until the expiry of the concession agreements, and shall not be abolished, and then to include an exact expropriation amount (RM10bil for duke 1&2 only, others lain kira hehe) im sure ekovest shareholder's dont mind to bear that in exchange for certainty amirite...

Take the opportunity and the hooha created, jump on the bandwagon dont be like sozai Gamuda, be smarter and Ekovest can even take an ad on the news paper and take a jibe at the donkeys "our projects are all funded privately and we take on all risks, not through inflated contract prices where the government bears all the burden" etc hehe

The US crude oil inventory rise is meaningless - the rise is in WTI which nobody wants because it has a low middle distillate yield (c. 30%, and shale oil has even lower), compared to Brent and the many grades that are benchmarked against it (c. 40+%).

(China imports US crude (light), they have many 'teapots' and simple refineries and they get incentives from the government, but even they dont have use for that much gasoline and that's why in HY for example there were talks to export them overseas/MY...but now even China has stopped importing it, so where do you think all that demand for crude oil for their refineries are going to go...? Brenttt la lol and which should actually make the WTI/Brent spread widen...)

So since 2017, the spread (or difference) between WTI and Brent has widened (used to be US$2-3 only) to over US$ 11/12 at one point (before 2009 WTI actually had a premium over Brent! (i.e. WTI was more expensive than Brent).

That's because middle distillates (jet fuel/kerosene; diesel, and gasoil (shipping)) are used in Transportation and has the highest demand/consumption growth - it is a fuel tied to the global economic engine. So after the Feb 18 'market flash crash' (the real economy was still strong), Brent crude prices popped back up within 2 months and is now over USD $ 80 - it all boils back down to demand and supply

The only question that needs to be answered is, will there be a crash in the real economy (not equity markets) - a slowdown in growth is fine, that means demand for Brent and middle distillates will still grow, albeit at a slower pace. If however you think there is an economic crash looming instead of a soft landing, well then no asset class is safe (except maybe gold?). If you think there's none, then Brent crude oil will go back up (and this time around it it probably won't take 2 months - sanctionsss).

And Iran crude is actually heavier crude (like much of Middle East) - so at a time when Brent is already tight, you now remove close to 4mil bpd of Iranian crude (to give perspective, total global crude oil consumption is 100+ mil bpd and Saudi produces 10+mil bpd, with Iran being the third largest producer in OPEC with close to 4mil bpd - that's an extra 40% of crude Saudi needs to produce, you think its easy to replace? lol there is 'spare' capacity, and then there's 4mil bpd. The US went from 5mil barrels 10 years ago to 10+mil in the present day, and that after a decade of relentless shale drilling. Hibiscus produces almost 10k bpd presently, and it took them how long to achieve that). Saying its not easy to replace all of that lost Iranian crude, is an understatement

Then you have IMO2020

Then you have Aramco IPO (probably going to wait for IMO to be enforced then they wont be blamed for high crude prices then IPO hehe)

The last time Dow plunged this deep was in early February bottoming at 23860 (8 Feb) from 26616 in Jan 18 (~10% drop)

In that same period, Brent (Dec 18 Futures) crude bottomed at US$ 62.6 (12 Feb) from US$ 70.5 in Jan 18 (~11% drop).

Presumably because people were panicking and thought there was an economic crash (as opposed to stock market) and the ending of the world.....

In 20 Sep 2018, the Dow touched and closed above its Jan 18 high, closing at 26656 (taking over 7 months)

What about Brent?

In 10 April 2018, Brent touched and closed above its Jan 18 high, closing at US71.4 (taking only 2 months!)

And since then, Brent has continued to trend higher and today its over US$ 80! whereas Dow has only hit a high of 26828 compared to its 26616 Jan 18 high

Forces of demand and supply dictate prices. Commodities rise when Yields rise (and stock markets drop). And Malaysia's crude premium over Brent for October has actually increased further (indicating stronggg demand)

So have faith comrades. The day of reckoning is near

Forth and fear no darkness!

Buy Hibiscusss

Malaysia raises Oct crude price factor to US$4.35/bbl — document
Reuters

October 11, 2018 10:49 am +08

SINGAPORE (Oct 11): Malaysian state oil firm Petronas has set the October price factor for Malaysian Crude Oil (MCO) at US$4.35 a barrel, up 45 cents from the previous month, according to a company document reviewed by Reuters on Thursday.

The monthly price factor is added to the average of Platts' dated Brent prices published in the month to derive the Malaysian crude official selling price (OSP).

Petronas changed its OSP mechanism from January 2017, basing its benchmark price on a basket of four Malaysian crude grades: Labuan, Miri Light, Kikeh and Kimanis.

http://www.theedgemarkets.com/article/malaysia-raises-oct-crude-price-factor-us435bbl-%E2%80%94-document

The world may crash and burn but CRUDE will forever burn brighttt no co can touch Hibiscus in the next 12 months the US economy is strong and global growth is slowing but no crash fighttt

Bought moreee deathhh chargeee

Ride to ruin and the world's endinggg

Cb IMF now only lower global growth sloww la USD 83 holddd the lineee

Lol since these people are not able to speak the truth, I shall say it as I see it


Which contractor you say oldman koon..? How about all of the contractors who have been sidelined since time immemorial from fair and open competition and getting squeezed, while Gamuda and Gkent gets the lucrative, overpriced MRT, LRT etc mega-infra projects earning fees for doing nothing but a tongkat in their hands 


Old man u promoted Gamuda as undervalued, quietly sold out without telling anyone, now they're stuck and you're trying to save face ka

Sentiments are temporary (and can change quickly), value is permanent (assuming the assumptions hold true of course)

RM 1

Its the end of the road for Gamuda

1.23 for you all to sell faster runnn last chance in three weeks Trump the monkey is going to admit defeat like a girl instead of doubling down and u-turn and lift the sanctions on Iran Brent USD $ 30 runnn

1.3x to 1.20 lose max 10% only faster throwww Malaysia going into recession bankrupt TNB, TM, Gamuda all dieee Hibiscus which sells an internationally traded commodity in USD $ (with long-term offtake agreements with BP and Trafigura) also die together because somehow the crude they also become less valuable because face problem trolololo

1.2 queued for you guys to sell faster runnn

Quickkk throw some more the more you all throw, the faster and higher is the flighttt

When yields go up, equity markets go down, commodities go up - there is an inverse relationship come throw some more

Brent at US $ 85 like a rock and people sell low buy high investors see more $ where traders cutloss trololo lai lai throw down

The world may crash and burn but CRUDE will forever burn bright

Its about efficiency. The lowest cost, highest quality manufacturer / service provider should always produce the product / provide the service to its maximum. That is how maximum economic benefit is obtained. Economics, my dear Watson.

In the end, the needs of the many, outweigh the needs of the few

Market drop but Brent is holding but share price drop = divergence in the force.....that means buy moreee because in a bad market the first to pop are those with improving fundamentals/profits and Iran sanctions are still to comeeee

And crude inventory report will be coming out and it's expected to rise (due to refinery maintenance season and China stopping crude imports recently) but we all know, hurricane just swept and over 600k barrels per day have been lost...and so in the coming weeks you would expect inventory levels to drop amirite just ignore the noise

Some small time article wrote that US going to export 4 million barrels of crude next year. But US crude aka WTI is 'light' crude which yields a high % of gasoline used in passenger vehicles and we all know, cars are getting much more efficient, and we've all heard of Tesla and electric vehicles have we not.....

But Brent and middle-distillate rich crude..?

"At the same time the majority of imported crude oil in 2017 was heavier grades, with 7.6 million barrels a day or 96 percent of imports having an API of 40 or lower, according to the Energy Department."

https://www.hellenicshippingnews.com/the-united-states-continues-to-increase-production-of-lighter-crude-oil/

That's goddamn 7.6mil barrels of heavier crude that they import per day (read: middle distillate). I would expect Brent and WTI spread to expand further, and in fact detach/decouple

And the crude from North Sabah..? Well that's in an entirely whole different class by itself, it is peerless, after all it is the most expensive in the world, is it not..?

So what is the takeaway...

NOT ALL CRUDE'S ARE CREATED EQUAL

Oil rises as Iran's crude exports fall, Hurricane Michael shrinks US output

Companies turned off about 324,200 barrels of oil and 284 million cubic feet of natural gas by midday on Monday. An update on shut-ins Tuesday is likely to show greater impact as more producers took action later in the day.

https://www.cnbc.com/2018/10/09/oil-markets-iranian-crude-exports-ahead-of-sanctions-by-us-in-focus.html

Iran 2.5 million going offline, Gulf of Mexico turns off 324,200 barrels hohoho we are going into a major supply crunch and then...do you know the kind of frenzy when a necessity, an essential part of life and the economic engine (energy) is not enough...can you imagine rice or wheat or corn being in short supply...USD $ 200 per barrel!

Ala u all dunno ka what they playing...good cop bad cop LGE say cancel because way over cost how can the rakyat bear the burden of past atrocities, tun M come in say we review, MMC Gamuda no choice cut by 50% lot in the end 'win-win' but actually MMC Gamuda still lose la lolol

Because...the big boys kesian you bilis and dont want to throw down, that few cents punya warrant is puny compared to what they hold, after all is free...so they let the small-time wannabe syndicates and operators play lo

Brent USD $90 HERE WE COMEEEEE

The world may crash and burn but CRUDE shall forever burn bright!!!

Apa lagi telannn gogogogogogogogogogo

4.6 mil to 1.3 hantam laaaa wait sanctions only buy ka wait Brent US$ 100 only buy ka that time RM2.2 no stock la macha

Few cents pun kira ka adui unless you guys are contra and margin-ed to the hilt just buy and hold the day of reckoning is near Hibiscus will take you to the promised land RM 2 per share minimummm

7.5 million till RM1.30 smash it next week when Brent is USD $ 90 it will BOOM to 1.6 in November when its USD$ 100 it will BOOM to RM2 wait RM2 only FOMO and buy ka slow lorrr

The money to pay for the acquisition all locked-in already dont worry which banker dares to not borrow to Hibiscus with their balance sheet and cashflows lol today ask for the money, yesterday already in the account la unless he wants to lose his job la lololol

Three weeks from now, I will be harvesting my crops (actually your crops will just be beginning to bloom..). Imagine where you will be, and it will be so. Hold the line! Stay with me! If you find yourself alone, riding in the green fields with the sun on your face, do not be troubled. For you are in Elysium, and you’re already dead! What we do in life, echoes in eternity! Maximus Decimus Meridius

OCTOBER 9, 2018 / 8:43 AM / UPDATED AN HOUR AGO

Oil prices steady after Iranian exports fall further

The Islamic Republic exported 1.1 million barrels per day (bpd) of crude in that seven-day period, Refinitiv Eikon data showed. An industry source who also tracks exports said October shipments were so far below 1 million bpd.

That’s down from at least 2.5 million bpd in April, before President Donald Trump in May withdrew the U.S. from a 2015 nuclear deal with Iran and reimposed sanctions. The figure also marks a further fall from 1.6 million bpd in September.

Hahaha nobody dares to touch Iran oil because Trump cannot go back on his word later his 'maruah tercabar' how cannn so die die also will impose, India want to ignore, whole country kena sanctioned + tariffs = further stock market crash trololololo

Sell kidney liver and sialanggggg

1.30 a few cents you all want to kira ka...RM3 coming la dei penny wise pound foolish hantam la let your winners runnn and when the donkey mega institutional funds (EPF, PNB, KWAP) are done licking their wounds in Sapura they will look extremely stupid if they dont have Malaysia's premier upstream O&G producer in their portfolios and then.....

MULTIPLES EXPANSION COMING P/E RATIO 20!!!

Purchasing a proven block and gearing up is how you maximise value. Where got o&g upstream have balance sheet's as clean as Hibiscus. With proven operational / execution track record. Latest Qtr lets you 'see' without a doubt the returns of North Sabah which was a game changing purchase (breakeven in less than a year where to find lol)

And now crude is going up and all negatives are out and with Iran sanctions cominggg

Tunggu apa lagi limittt uppppp whatever roadblock, whatever 'technicals' just ignore because the only thing that drives permanent share prices are valuations and all will wilt in the face of the rapidly improving fundamentals

Hibiscus what is your profession!? RM 3!!!