Posted by Windy1974 > 2022-09-29 10:07 | Report Abuse

Paktua. So far i find you gentleman. I have no issue with swing trading as long as you are being upfront.
Whether you are really genuine or not, only God knows lah.
So far i have no issues with you but have to highlight telegram groups are dangerous

Posted by Windy1974 > 2022-09-29 10:12 | Report Abuse

BTW, my technical comment on Hibiscus just to share. If Hibiscus could close above 0.90 in next 2 weeks then 0.81 might hold. Otherwise, i expect Hibiscus to reaach lower low in the 0.70s range. I don't expect Hibiscus to fall below 0.70 unless the economy deteriorates drastically.

Posted by paktua73 > 2022-09-29 10:45 |

Post removed.Why?

Posted by paktua73 > 2022-09-29 11:30 |

Post removed.Why?

Posted by papazola1920 > 2022-09-29 14:36 | Report Abuse

Pantek...operator babik...pancut awal !

Posted by NatsukoMishima > 2022-09-29 16:16 | Report Abuse

Dead cat bounce trap ! 60 sens coming!

Posted by oskchoon > 2022-09-29 19:24 | Report Abuse

1st October will decide the fate of Hibiscus Foreign workets work petmits by Sabah State authority whether

Posted by BobAxelrod6868 > 2022-09-29 19:40 | Report Abuse

Hibby's Management team has taken precautionary measures and prepared for any eventuality..... no issue.

Posted by hondacity > 2022-09-29 21:03 | Report Abuse

Buffett's Berkshire Hathaway loads up on more Occidental Petroleum stock
Sep 29, 202219:33

Warren Buffett's Berkshire Hathaway (NYSE:BRK.B) (NYSE:BRK.A) scooped up almost 6M more shares of Occidental Petroleum (NYSE:OXY), bringing the investment company's holdings to 194.5M shares, or ~20.9% of the petroleum company's outstanding common stock, according to a filing submitted late Wednesday.
That's up from 20% as of Aug. 30. Berkshire (BRK.B) bought the 5.99M shares in several transactions from Sept. 26 to Sept 28, at prices ranging from $57.67 per share to $61.595 per share.
The Omaha, Nebraska-based conglomerate bought the dip, boosting its stake in OXY as its shares fell 17% in the past month.
Berkshire (BRK.B) also holds 100,000 shares of Oxy's (OXY) series A preferred stock and warrants to purchase ~83.9M shares of at an exercise price of $59.624 per share.
Occidental (OXY) shares rose 0.8% in Thursday premarket trading. Berkshire (BRK.B) B shares slipped 0.5%.

Posted by hondacity > 2022-09-29 21:17 | Report Abuse

Reuters
OPEC+ has begun talks on output cut at Oct. 5 meeting - OPEC source
Sep 29, 202216:21

Leading OPEC+ members have begun discussions about an oil output cut at the group's next meeting on Oct. 5, three sources told Reuters.

One OPEC source told Reuters a cut was "likely", while two other OPEC+ sources said key members had spoken about the topic.

A source familiar with Russian thinking told Reuters earlier this week that Moscow could suggest a cut of up to 1 million barrels per day (bpd).

The latest comments suggest that key OPEC members have started communicating over the matter, although the volume of any potential cut is still unclear.

Next week's meeting takes place against a backdrop of falling oil prices from multi-year highs hit in March, and severe market volatility.

OPEC+, which combines OPEC countries and allies such as Russia, agreed a small oil output cut of 100,000 barrels a day at its September meeting to bolster prices.

Top OPEC producer Saudi Arabia flagged in August the possibility of output cuts to address market volatility.

Posted by DatoKyle > 2022-09-29 22:35 |

Post removed.Why?

Posted by kl_guy > 2022-09-30 09:54 | Report Abuse

Currently Brent USD88.51 , If Brent drop below USD75.00 hibicus will be making loss . US and China economy is not looking good. If OPEC cutting output , will it give a great impact?

Posted by lordfish30 > 2022-09-30 10:22 | Report Abuse

today evening the real play will begin.... next week hib prepared for booster, hehe
let others talk negative, ignore them....

Posted by witan > 2022-09-30 10:55 | Report Abuse

@kl_guy If Brent drop below USD75.00 hibicus will be making loss???
where the hell you get that info? Something wrong with your head or what?

Look at Hibiscus financial report, their average cost is only around USD18.01 per bbl. $70-$18 = $52 cant count kah??
Did you know Hibiscus is still making profit back in 2019 though brent is only around $60? Plus now they have triple their oil production from Repsol acquisition.

Dont simply speak nonsense

Posted by twynstar > 2022-09-30 13:23 | Report Abuse

repost my comment on 17/7/2022

Warren Buffett kept telling us, “ Don’t buy stock, just buy business”. Why I prefer Hibiscs business than other company :

1) Debt free company
– no risk of bankruptcy
– no worry in current higher interest rate environment

2) No inventory risk
– Hibiscs able to sell out every single drop of crude oil and natural gas it produces

3) Low cost producer
– average OPEX below USD 20/bbl
– if Brent price more than USD 30/bbl, Hibiscs able to generate positive cash flow by delaying CAPEX ( less risk of bankruptcy)
– if Brent price more than USD 40/bbl, Hibiscs able to generate net profit
– if Brent price ranging USD 50-70/bbl, Hibiscs able to generate margin of net profit around 10-20%
– if Brent price more than USD 70/bbl, Hibiscs able to generate margin of net profit more than 20%
– if Brent price more than USD 80/bbl, Hibiscs able to generate strong free cash flow
– FYI, Hibiscs can sell crude oil with Brent price at least 5% premium.

4) Excellent management team
– always acquired valuable oilfields at extremely low price during low Brent price environment
– able to maintain average OPEX below USD 20/bbl without compromising safety issues.

5) Strong moat
– no obvious upstream competitor in Malaysia for next 5 years
– Very difficult to get borrowings from bank or private fund to start up a brand new upstream oil and gas company due to ESG issue
– company needs to have experienced management team, good track records and strong financial sheet to deal business with Shell, ExxonMobil, BP Oil, Repsol, Petronas, PetroVietnam and Trafigura.
– During Repsol assets bid last year, Repsol chosen Hibiscs even though Hibiscs’ bid price was lower than his competitors

So, can you recommend me another company in Malaysia better than Hibiscs which has excellent management team, debt free, no inventory risk, low cost producer and strong moat?

Posted by derrtan > 2022-09-30 13:29 | Report Abuse

another time bomb of termination of work permit will come....might dip below 0.8....that time is a good chances to collect...

Posted by Bruce_Wayne > 2022-09-30 14:33 | Report Abuse

Ding3.

Sabah state will suspend Hibiscus' permit this weekend. Drilling rigs off Sabah will shut down.

Fake revenue and fake inflated administrative and other expenses.

Fake inflated administrative and other expenses aimed towards tax evasion of fake revenue will be disallowed by LHDN.

Hibiscus Target Price:

Plunging oil prices + unpaid income taxes + unpaid sales taxes + work permits to be revoked + dodgy financials = 0.30 target price

Sekian

Posted by bullmarket1628 > 2022-09-30 14:45 | Report Abuse

Top up more Hibiscs at @0.825

Heng ah, Ong ah, Huat ah !

Posted by lordfish30 > 2022-09-30 16:22 | Report Abuse

there are some people try to manipulate others so their can sell what in their hand, than these people will buy it and sell with higher price. Anyway just see the real picture... oil price 80plus, stable and energy is a need to any country. Even water bottle also increase in price... so understand how the future will be

Posted by papazola1920 > 2022-09-30 17:32 | Report Abuse

Phantat babik operator bilis nak beli murah.g mamposhh!

Posted by drken91 > 2022-09-30 17:58 | Report Abuse

beli. simpan. tidor.
March 2023 tgk balik

by then - semua org sudah habis-curse this company, instead will panic buy

Posted by twynstar > 2022-09-30 18:07 | Report Abuse

repost my comment on 20/02/2022



agree with you, i3lurker.

Sure will maximize hibiscus in my portfolio if got chance to buy the dip, may be around 80sen. Will wait patiently.

but hibiscus is quite different with Serba in view of :

1) hibiscus is debt free company

2) hibiscus sells North Sabah crude oil to one company only, which is Trafigura and share 50% profit with Petronas. So it is quite difficult to manipulate the accounting.

3) hibiscus sells Anasuria cluster crude oil to one company only, which is BP Oil and share 50% profit with Ping Petroleum. So it is also quite difficult to manipulate the accounting.

4) hibiscus has no asset or project in Middle East. hibiscus got bad experience in Oman business before.

5) hibiscus plans to acquire another asset in Southeast Asia, not in Middle East

6) For next 3 years, hibiscus will be quite busy with Repsol assets, Teal West Project and Marigold Project.

7) hibiscus management team has excellent track record. Shell, Exxon Mobil, Repsol, Petronas, Petrovietnam, BP Oil and Trafigura trust Hibiscus and quite happy to do business with hibiscus

Posted by ogre2021 > 2022-10-02 09:30 | Report Abuse

hi @twynstar
refer/query to your points:
1. hibiscus debt free: part of payment to repsol (usd 80m) is through drawdown facility from trafigura, is this not considered as loan?
2. 50% sharing profit with petronas: the pending sst issue, if at all hibiscus to pay rm98m (tax+fine), shouldn’t it be shared with petronas as well?

Posted by twynstar > 2022-10-02 14:10 | Report Abuse

Hi, @ogre2021

1) I reposted my comment on 20/02/2022 and 17/07/2022 which were before announcement of quarter report of Q4FY2022. By end of 30 June 2022, hibiscus has unrestricted cash of RM 544.7 million and net debt of RM88.8 million. According to Corporate and Business Update for Q4FY2022 , page 12, total debt balance as at 30 June 2022 relates to the outstanding balance of a revolving credit facility drawn down during the Current Quarter to aid working capital requirements.

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=129104&name=EA_GA_ATTACHMENTS


2) According to AmInvest Research, date 21/07/2022,
Petronas Carigali, which holds the remaining 50% ownership of the North Sabah PSC, has been paying the SST given that all its other PSCs in Sabah are under Sabah’s jurisdiction. Management of hibiscus also clarified that North Sabah and Kinabalu PSCs are the only 2 PSCs that undertake oil lifting activities in the Labuan territory.

Posted by ogre2021 > 2022-10-02 17:49 | Report Abuse

hi @twynstar
noted and thanks for the clarification.

Posted by BobAxelrod6868 > 2022-10-03 09:16 |

Post removed.Why?

Posted by lordfish30 > 2022-10-03 09:34 | Report Abuse

war ongoing, china reopen its industry, Opec meeting coming up... reduce production... increase in price.... so buy when is cheap...hehe. oil price going up moderately

Posted by NatsukoMishima > 2022-10-03 09:36 | Report Abuse

People know oil n gas stock is very high risk already scare to touch , up 5 sens but drop 15 sens next week , finally lose money also !

Posted by NatsukoMishima > 2022-10-03 09:36 | Report Abuse

Hibiscus real value is 60 sens only !

Posted by lordfish30 > 2022-10-03 17:11 | Report Abuse

let see the value end of this week..hehe

Posted by cK1973 > 2022-10-03 17:42 | Report Abuse

closing price cantik ....
tunggu esok tengok macam mana dulu...

Posted by BobAxelrod6868 > 2022-10-03 18:34 | Report Abuse

A person who spews Fake News and hopes to bring down a stock is the worst scum on i3. Duce Whine cannot stand by his words nor stand his ground to blow water......the worst contributor to this forum.

And destroying the Batman's good namesake....ptuii!

Posted by BobAxelrod6868 > 2022-10-03 18:50 | Report Abuse

No pressure, sleeping well every night, holding O&G stocks. Just waiting for Putin to shoot their missiles.

Right now, giving some respect to Xi as he prepares for his 3rd Term and also Chinese National Day.........soon, war begins on another level...

Posted by BobAxelrod6868 > 2022-10-03 18:53 | Report Abuse

Everyone knows and expects OPEC+ to cut Oil production by 1 mill bpd.........just 500K would be shrugged off by the market......1 million CUT announcement this week.

Posted by BobAxelrod6868 > 2022-10-03 19:15 | Report Abuse

https://www.cnbc.com/2022/10/03/opec-oil-prices-could-soon-return-to-100-a-barrel-analysts-say.html

Posted by 3lephAnt > 2022-10-03 21:15 | Report Abuse

https://oilprice.com/Energy/Crude-Oil/Income-Investors-Are-Returning-To-Oil-And-Gas-Stocks.html

One sure way to reduce the feast or famine predicament staring down Hibiscus' market cap/share price.

Posted by drken91 > 2022-10-04 07:01 | Report Abuse

beli. simpan. tidor.
March 2023 tgk balik

by then - semua org sudah habis-curse this company, instead will panic buy

Posted by bullmarket1628 > 2022-10-04 07:50 |

Post removed.Why?

Posted by VFTRADER > 2022-10-04 08:10 | Report Abuse

CQ4, good opening for DJ & Oil Price.

Means to announce good dividend today, tomorrow or next year......

Posted by imvu > 2022-10-04 08:47 | Report Abuse

market hijau , mesti gap up candle hijau !

Posted by paktua73 > 2022-10-04 08:54 |

Post removed.Why?

Posted by BobAxelrod6868 > 2022-10-04 08:57 |

Post removed.Why?

Posted by BobAxelrod6868 > 2022-10-04 09:00 |

Post removed.Why?

Posted by BobAxelrod6868 > 2022-10-04 09:01 | Report Abuse

And you're paying him for his Telegrams??????

Posted by bullmarket1628 > 2022-10-04 09:15 |

Post removed.Why?

Posted by lordfish30 > 2022-10-04 09:29 | Report Abuse

hope can reach rm1 this time

Posted by paktua73 > 2022-10-04 09:29 |

Post removed.Why?

Posted by BobAxelrod6868 > 2022-10-04 09:31 | Report Abuse

$1? Need company announcement to clarify matters on SST before moving up again.

Posted by paktua73 > 2022-10-04 09:33 |

Post removed.Why?

Posted by paktua73 > 2022-10-04 09:34 |

Post removed.Why?