B4b4..hibiscus yesterday announcement buying a asset after the hibiscus oil saving will increase to 60m barrel..REACH tat day oil saving is 95m right??The latest reach oil saving havent renew yet..
HIBISCUS currently per day production oil 9900 barrel..now reach 3200..end of this year increases to 5000 barrel target first..hibiscus said them will increase to 20000 barrel perday..REACH will 12000 barrel perday..
when red people hold paper profit will sell (they worry paper profit become loss), then it will continue red until selling done. those at high will be trapped.
once selling done, people will start to collect back and thats how it works again and again in volatile market
There is bad news everyday if you trade daily. But the ability to look through the panic will save your day. Like S-panda said, paper loss is harmless if you dont sell. It's on paper. Right now, without new boost (except for its drilling in the new field), this stock will flatline. Those who bought at 0.43 a few days ago will sell to gain quick profits. when others sell too, they wait to catch the low. Now, the question is where is the low or is the new high visible by day's end? As for oil prices, read up the views and read whatever's online. Does it point to consolidation to the much said 70-80USD for Brent? If it doesnt, why panic?
simple maths, take crude 70usd, min profit per barrel 20usd x 3k bpd/day x 26 work days = profit per mth x 3 = profit per qtr x 3 qtr (+ prev qtr profit) = annual profit / total shares = eps * pe24 = 67c
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Want2Win
2,553 posts
Posted by Want2Win > 2018-10-09 16:02 |
Post removed.Why?