Posted by Six6thsense > 2023-05-24 15:29 | Report Abuse

Not good..what to do? Continue to sleep then

Posted by maps > 2023-05-24 21:22 | Report Abuse

Good QR

Posted by KML889 > 2023-05-24 21:50 | Report Abuse

At 21k boe per day already roughly 70mil net profits per quarter. It will be estimated 130-150mil per quarter post upgrade to 35k boe/day by 2026 assuming Brent and Gas at current price

Posted by KML889 > 2023-05-24 21:53 | Report Abuse

Super excited with HBP not to mention at least pending 1 sen dividen in Q4 this year.

Posted by KML889 > 2023-05-24 21:55 | Report Abuse

No wonder BOD sapu non stop.

Posted by KML889 > 2023-05-24 22:43 | Report Abuse

EIA reports really spice up the energy sectors. Another good Big money tomorrow !!!

Posted by Six6thsense > 2023-05-25 16:01 | Report Abuse

FY24 100mil / q

Posted by kahhoeng > 2023-05-26 09:06 | Report Abuse

0.05 dividend per year is more reasonable... current level is way too absurd

Posted by UncleFollower > 2023-05-30 19:03 | Report Abuse

Holding up well despite oil price volatility. This counter is fundamentally so strong, just have to be patient and sell high buy low accordingly. A little dull, quite simple, but really not that risky...

Posted by KML889 > 2023-05-31 21:02 | Report Abuse

Another round to buy low ?

Posted by StartOfTheBull > 2023-06-01 12:14 | Report Abuse

Yahoo Finance
June 1st 2023


House passes debt-ceiling bill, shifting focus to Senate
Jennifer Schonberger and Dan Fitzpatrick
Thu, June 1, 2023 at 9:54 AM GMT+8·3 min read
The House voted Wednesday night to approve a bill that would raise the debt ceiling for more than two years, giving the Senate just days to do the same before the US potentially runs out of money to pay its bills.

The vote was 314-117, with more Democrats than Republicans offering their approval. There were 71 Republicans opposed and 46 Democrats who voted against it.

The concessions needed to get the deal done proved to be unpopular with certain members on both sides of the aisle, complicating efforts to squeeze legislation through Congress before a default on US debt. Treasury Secretary Janet Yellen has warned that day could come as early as Monday.

Posted by derrtan > 2023-06-07 15:00 | Report Abuse

Share buy back approved but never buy back

Posted by James_Bond > 2023-06-14 16:40 | Report Abuse

Hibiscus has huge debt, no extra fund to do share buy back!

Posted by James_Bond > 2023-06-14 16:58 | Report Abuse

Brent oil price must trade higher ie more than USD 100, then hibiscus only could settle the debt earlier

Posted by zhangzuode > 2023-06-15 10:36 | Report Abuse

Understanding OPEC+: https://a9w7k6q9.stackpathcdn.com/wpcms/wp-content/uploads/2023/06/241-Unpacking-OPEC-Multilayer-Decision.mp3

Posted by zhangzuode > 2023-06-15 11:05 | Report Abuse

Huge debt - two components, 1 is lease liabilities and 2 is borrowing of 194.1M (term loan & revolving credit).

The lease liabilities should be mainly abandonment cost and well covered.

From cash flow, the cash reserve is 600+M, about 3x term loans+revolving credit.

Why is it am issue, James_Bond?

Posted by zhangzuode > 2023-06-15 11:10 | Report Abuse

Share buy-back: Recently, The Edge reported that EPF voted against such proposal.

Unless the companies have good use of excess cash, it is preferred that such cash be returned to shareholders as dividend, this I concurred. But should there be excessive overhang of shares issued, yes, shares buy back will be a plus only those shares that is bought are cancelled. Without cancelling, then it is just manipulation, OK better term, speculation.

Posted by zhangzuode > 2023-06-15 17:53 | Report Abuse

Got clarification that lease liabilities mainly consists of the leases of the 2 FSO (Floating Storage Offloading) Vessels used for the PM3 CAA PSC (previously under Repsol).

Posted by twynstar > 2023-06-15 21:45 | Report Abuse

Agreed with zhangzuode. During latest online AGM, Dr Ken already clarified that the increasing of lease liabilities after Repsol acquisition is due to the leases of the 2 FSO in PM3 CAA.

Hibiscus has RM 668 million of unrestricted cash, RM 194.6 million of restricted cash and only RM 194 million of term loans + revolving credit.

Posted by twynstar > 2023-06-15 21:50 | Report Abuse

Thanks to Mr Market, got chance to accumulate again at RM 0.895 - RM 0.905 range. Will hold till at least 2026

Posted by Sangranghaeyo > 2023-06-19 16:37 | Report Abuse

Grab some at 90 cents. Believe oil prices and demand will surge in the second half of this year

Posted by James_Bond > 2023-06-19 19:00 | Report Abuse

With high Brent oil price, higher USD to Ringgit conversion, hibiscus should be earning big, why share price dropping nonstop? Must be something else which is burning inside?

Posted by StartOfTheBull > 2023-06-19 19:38 | Report Abuse

Oil prices is very sensitive to 🌺

Posted by armadatuah2017 > 2023-06-19 20:19 | Report Abuse

blackhawk down....more oil flooding to market from Iran......demand is not picking up..

Posted by StartOfTheBull > 2023-06-20 15:48 | Report Abuse

Oversold soon.

Posted by StartOfTheBull > 2023-06-21 12:16 | Report Abuse

Today is the last day to buy for dividend entitlement.

Posted by James_Bond > 2023-06-21 16:30 | Report Abuse

Bought hibiscus 0.88, 0.885! Cheers!

Posted by James_Bond > 2023-06-21 16:39 | Report Abuse

Bought 0.89! Cheers!

Posted by Six6thsense > 2023-06-21 22:19 | Report Abuse

who sell who waterfish

Posted by James_Bond > 2023-06-22 16:11 | Report Abuse

Collected 0.895! Cheers!

Posted by James_Bond > 2023-06-22 16:14 | Report Abuse

Heard Russia going to use very lethal weapon on Ukraine… high likely oil price will shoot up to the sky!

Posted by Kakume > 2023-06-22 23:39 | Report Abuse

Profit so high, good dividend, but why the share price is stagnant?

Posted by Michael Kwok > 2023-06-22 23:48 | Report Abuse

Price 89 cents
Maybe retesting early 80 cents then buy.
Support 78 cents(as requirement to buy)
22/6/23 11.50pm

Posted by Six6thsense > 2023-06-23 10:44 | Report Abuse

wait 0.6

Posted by StartOfTheBull > 2023-06-23 12:14 | Report Abuse

Then you have to wait can oil drops to 50 dollar or not.

Posted by Kakume > 2023-06-23 14:21 | Report Abuse

looks like the down trend still intact, look for next support level.

Posted by James_Bond > 2023-06-23 14:51 | Report Abuse

Collected another batch at 0.865! Cheers!

Posted by pang72 > 2023-06-23 14:54 | Report Abuse

Wait for state election for cheaper price

Posted by UncleFollower > 2023-06-23 15:00 | Report Abuse

If you believe in oil, you can't really wait on Hibiscus. Just spread it out and buy over multiple batches. Oil is volatile, individual stock chart less meaningful when the driving force is oil price

Posted by StartOfTheBull > 2023-06-23 15:02 | Report Abuse

I don't think state elections is relevant to the share price, up or down of oil price is.

Posted by James_Bond > 2023-06-23 15:17 | Report Abuse

Collected 0.87! Cheers!

Posted by James_Bond > 2023-06-23 15:58 | Report Abuse

Collected another batch 0.87! Cheers!

Posted by serbatipu > 2023-06-27 15:23 | Report Abuse

faster go up

Posted by James_Bond > 2023-06-27 16:21 | Report Abuse

Collected 0.87 and 0.875! Thanks!

Posted by James_Bond > 2023-06-28 15:40 | Report Abuse

Latest industry data showed a larger-than-expected drawdown of U.S. inventories, signalling robust demand from the world's biggest oil consumer.

Oil supply is not enough to cater the demand!

Cheers!

Posted by James_Bond > 2023-06-28 15:43 | Report Abuse

Collected another batch at 0.87.

Posted by James_Bond > 2023-06-28 18:29 | Report Abuse

Brent oil expected to hit $80 a barrel in June, $90 in July, and $100 in August. Smart investors will know what to do next… Happy Holiday, Malaysian folks!

Posted by James_Bond > 2023-06-30 15:28 | Report Abuse

Collected 0.865! Cheers!

Posted by James_Bond > 2023-06-30 16:26 | Report Abuse

Brent oil USD75! Cheers!

Posted by Hwealth > 2023-07-01 16:36 | Report Abuse

Global Investment Opportunity:
Dividend Income Funds Portfolio - 6% Annual Dividend Return with monthly payout
https://klse.i3investor.com/web/forum/forum-thread/908976532