Posted by James_Bond > 2024-04-24 11:37 | Report Abuse

US crude oil stockpiles are declining meaning that current supply of crude oil is very tight and not enough!

Posted by James_Bond > 2024-04-24 11:39 | Report Abuse

Holding hibiscus share with PE 4+, ROE 15-20% (growing higher with more expensive crude oil price) company is the safest!

Posted by James_Bond > 2024-04-24 11:39 | Report Abuse

Not to forget hibiscus NTA 3.56!

Posted by James_Bond > 2024-04-24 11:44 | Report Abuse

Many investors chasing high for AI or data center related company… actually the best of all is holding crude oil company, without which, data centers could not run and are useless. That’s why Warren Buffet bought Occidental Petroleum shares!

Posted by James_Bond > 2024-04-24 11:46 | Report Abuse

Warren Buffet would not increase his stake on occidental petroleum if he could not see high crude oil price translating to massive profits to the company and hence higher share price!

Posted by James_Bond > 2024-04-24 11:53 | Report Abuse

When foreign funds flooding to KLSE, you will not be able to grab hibiscus below 3 anymore…

Posted by James_Bond > 2024-04-24 11:58 | Report Abuse

Assuming hibiscus able to sustain EPS 12+ per quarter, and calculated forward PE of 17 (same as occidental petroleum), hibiscus should be pricing at 8.5, not 2.75.

Posted by Six6thsense > 2024-04-24 12:30 | Report Abuse

Will respond within couple of weeks time

Posted by DonAzoff > 2024-04-24 14:35 |

Post removed.Why?

Posted by James_Bond > 2024-04-24 15:01 | Report Abuse

Time has changed, bro Azoff! We change the company outlook from time to time if conditions improve!

Posted by James_Bond > 2024-04-24 15:13 | Report Abuse

Thanks for following me Bro Azoff. You should know my winning rate in KLSE…

Posted by James_Bond > 2024-04-24 18:17 | Report Abuse

Please be polite and use appropriate words, Bro Azoff.

Posted by kahhoeng > 2024-04-24 18:47 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3440776

Positive outcome

Posted by gavisconx > 2024-04-24 18:55 | Report Abuse

It seems legit, but if u got scammed there is always recovery option available. https://yourscamreport.com/free-consultation/

Posted by James_Bond > 2024-04-24 19:19 | Report Abuse

Looks like Bro Azoff hv sold off hibiscus and yet to buy back, now unhappy that I bought up and making hibiscus shares more expensive than his selling price… Bro Azoff, don’t worry, I gonna dispose all my hibiscus tomorrow… good luck…

Posted by wattsy > 2024-04-24 19:21 | Report Abuse

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=146573&name=EA_GA_ATTACHMENTS

Posted by wattsy > 2024-04-24 19:22 | Report Abuse

Great news - goes into production next month. Watch Hibby take off ;)

Posted by James_Bond > 2024-04-24 22:34 | Report Abuse

Didn’t expect this news coming, Wattsy… Marvelous! hibiscus will fly higher… congrats my fellow comrades!

Posted by Six6thsense > 2024-04-25 09:48 | Report Abuse

How many additional barrel boss? Be more specific

Posted by Six6thsense > 2024-04-25 11:04 | Report Abuse

Boring Low volume

Posted by kahhoeng > 2024-04-25 14:51 | Report Abuse

fainted, oil up, positive news, share price down?

Posted by Ravetidus > 2024-04-25 16:00 | Report Abuse

Actually oil price went down

Posted by Sangranghaeyo > 2024-04-25 16:35 | Report Abuse

Global oil demand will pick up strongly in May & June 😉

https://oilprice.com/Energy/Crude-Oil/Standard-Chartered-Global-Oil-Demand-Will-Pick-Up-Strongly-In-May-And-June.html

Posted by James_Bond > 2024-04-25 17:41 | Report Abuse

Darned, not able to dispose all my hibiscus shares yet…

Posted by kahhoeng > 2024-04-25 20:44 | Report Abuse

Err... not to Tradingeconomics, brent was slightly below 88 at 5:00 pm yesterday Malaysia time, and above 88 at 5pm today

Posted by kahhoeng > 2024-04-25 20:45 | Report Abuse

https://www.aip.com.au/pricing/international-prices/international-market-watch

And according to above, Tapis trades above 94 most of the time in April and Brent mostly above 88

Posted by Six6thsense > 2024-04-26 09:57 | Report Abuse

70 or 80 or 90 or 100 Whatever. There is only 1 direction which is UP.

Posted by Six6thsense > 2024-04-26 10:02 | Report Abuse

The question is when.

Posted by NinjaInPyjamas > 2024-04-26 11:44 | Report Abuse

It wil probably move when you least expected. Again, its useless to focus on OIL PRICE. You rather buy futures if want to earn from oil price movement. E & P companies are valued on production PROMISES & barrels SOLD, cashflow, dividend payback and sometimes share buybacks.

Posted by kahhoeng > 2024-04-26 13:48 | Report Abuse

Useless? So, Hibiscus is not selling oil but water?

Posted by EliteYY69 > 2024-04-26 16:44 | Report Abuse

Hibiscus just need some time for rest. Chill guys, we not come here to flame each other.

Posted by James_Bond > 2024-04-26 18:48 | Report Abuse

Exactly, well said Elite!

Posted by James_Bond > 2024-04-26 18:49 | Report Abuse

We go for capital appreciation! Peace~

Posted by James_Bond > 2024-04-26 18:50 | Report Abuse

Still hv another 680,000 shares of hibiscus yet to sell off…

Posted by NinjaInPyjamas > 2024-04-27 09:59 | Report Abuse

Hayo, i emphasize useless is that because u cannot predict oil price this year or next year. Did u predict 2020 pirce? No right. But they delivered on 2020 production figures which they plan to do. Can they produce 35,000 boe/day in 2025/26 as they plan to do? I think highly likely and share price also highly likely to follow proportionally.

Posted by kahhoeng > 2024-04-28 09:08 | Report Abuse

Only past records and time can tell whether Hibiscus can deliver on production increase, especially when it comes to new drilling. Though, past oil price and near term oil price offer an estimate to its coming quarter earnings. With crude staying relatively high, above 70, even when market is expecting poor market demand, tells us the supply demand is tight and low oil price is not expected. Why else Occidental in the US is trading on a higher PE? To me, it partly suggests an expected higher for longer oil price and margin for oil production is good. Surely, a 35000 boe/day is always welcome, it only assure higher profits when oil is high.

Posted by paperplane > 2024-04-29 00:29 | Report Abuse

hIBISCUS SHOULD BE RM6 by 2027 if things all go smooth

Posted by paperplane > 2024-04-29 00:32 | Report Abuse

SQRT (22.5*0.559*3.56)=6.69
IT IS QUITE ACCURATE FROM MY EXPERIENCE, all you need is PATIENT!

Posted by kahhoeng > 2024-04-29 11:39 | Report Abuse

forecasting 3 years from now? Wow...

Posted by James_Bond > 2024-04-29 14:57 | Report Abuse

Just woke up from sleep! I dreamt of markets hv adjustments soon consistent with the saying, “Sell in May and go away”!

Posted by James_Bond > 2024-04-29 14:58 | Report Abuse

Still hv another 680,000 hib share yet to dispose… Brent oil price weakening too… OMG…

Posted by IamBen10 > 2024-04-29 15:18 | Report Abuse

https://theedgemalaysia.com/node/709643

Posted by Sangranghaeyo > 2024-04-29 17:01 | Report Abuse

Goreng moment for O&G counters

Posted by AnaiAnai > 2024-04-30 08:53 | Report Abuse

can buy now?

Posted by Six6thsense > 2024-04-30 13:03 | Report Abuse

I go sleep and wait for another 3 months

Posted by Income > 2024-04-30 18:06 | Report Abuse

https://youtube.com/shorts/xzyeTeYWsrQ?si=WB4AtCo7UqbO-3sE

Posted by James_Bond > 2024-05-02 07:48 | Report Abuse

FED decided to keep high rate for longer period of time as inflation still high. Brent oil immediately crashing to USD 83! OMG!

Posted by James_Bond > 2024-05-02 07:49 | Report Abuse

I still hv 680,000 hib shares yet to dispose…

Posted by soon9913 > 2024-05-02 13:10 | Report Abuse

hold only.. no worries James

Posted by Sangranghaeyo > 2024-05-02 16:51 | Report Abuse

680,000 shares of Hibiscus = around RM1.78 mil 😮
You r millionaire, James