Titan

Strong buying suppot at 1.60 and 1.59 oh......not easy to break to 1.55 le

1 week ago

dollarbill

Ceasefire or not better to just go into oil contracts directly if want to play oil volatility

1 week ago

STFUrr88

I will accompany u Jimmy in this journey. we long term investors.

1 week ago

Titan

Brent price drop. USD weakens against GBP. USD weakens against MYR. Tripple whammy for Hibiscus. Furthermore, the brunei field is schedule for a major maintenance shutdown in Sept. This will affect 1Q'26 results. Maybe that could be the reason increase in shorting of this counter.

1 week ago

jimmylim11

Let's look at Supply vs Demand again. Recently USA has drawn down inventories in the millions of barrels both for Crude and Gasoline stocks. Brent price has firmed up to 67-68. Let's see if this will slowly creep up to 70?

1 week ago

Titan

Opec+ increase production by 1 million boe in June and July. They will meet in July to decide the to further increase or stay at current level

1 week ago

jimmylim11

Big Boss Datuk finally came back to buy today. I also bought some. When dividends are in, will buy again.

1 week ago

Johnchew123

Safe to buy 1.55 below , Hibicus start move 1.50 when Iran isreal,conflict , now No the time enter ,avoid it ,chart no nice , all point down

1 week ago

Johnchew123

1.58 break down , u all need to run as fast as. U can , plunge to 1.50 time ,volume gone , become sideway , u will get stuck in short term , if daily volume disappears all , become sideway , koyak

1 week ago

Titan

h**ps://seekingalpha.com/article/4797273-occidental-petroleum-finally-its-time-to-move-on-downgrade

1 week ago

Titan

oh dear!!!...1.56 a'dy. OPEC+ confirm keeping increased production till August. About 12.5 million barrels every month.

1 week ago

cheeseburger

wait 1.35

1 week ago

paktua73

morning..
yes reach also rm1.55..

but..
paktua reduce previous target to RP-460=rm1.47 for stage 1 B-57
then final stage B-57 set at RP-600=rm1.40..

tut tut
if full success executed B-Game B-57 paktua will hold at EVP rm1.45..

1 week ago

Titan

Trump say no hurry in replenish the oil withdrawn from reserve. I think he waiting for it to drop much lower only to replenish. The supply overwhelm demand. Also increasing adoption in EV and hybrid vehicle further reduce demand. If a war can't bring it up above USD 80, i dunno what else can.

1 week ago

Titan

Best to monitor these few days and see if it stays at this level or will it go down further.

1 week ago

Titan

"Morgan Stanley sees Brent at $60/bbl by early next year"

(Reuters) -Brent crude will likely retrace to around $60 per barrel by early next year, with the market being well supplied and geopolitical risk abating following the Israel-Iran de-escalation, Morgan Stanley said in a note on Monday.

The bank added it sees robust supply growth from non-OPEC countries over 2025-26 in the order of 1 million barrels per day each year, which would be enough to meet demand growth in the period.

"But OPEC continues to unwind its production quota cuts, and we still expect an oversupply of ~1.3mb/d in 2026," the bank said.

The Organization of the Petroleum Exporting Countries and allies including Russia, known as OPEC+, in May agreed to another increase of 411,000 barrels per day of oil for July, bringing the total increases made or announced since April to 1.37 million bpd.

1 week ago

Titan

Ohh boy!!!....this morning all the news seem to be against O&G sector....park money somewhere else 1st or maybe in FD. O&G most likely in downtrend mode now.....take care Paktua....

"US crude oil output hit record in April, EIA data shows"

1 week ago

stxxx9

Extraordinary Target Prices by BIMbi and Pubic bank(since June 2024) as they can mislead and make $$ through Shorts, anyways it is a free market or is it??

1 week ago

Titan

Cannot say so la......June 2024, oil price high ma....80+.......Market recovering......crazy donald duck not elected yet. Within a year, the whole world goes upside down.

1 week ago

Titan

Wah lau eh.....MYR strengthens against USD leh. If fed reduce rate, USD going to drop more against GBP and MYR. Next Q will see reduced profit le due to forex loss.....

1 week ago

stxxx9

More known reasons for shorties, what's unknown remains known to them. Good luck and all the best to the shorties.

1 week ago

Sangranghaeyo

FED will only cut the rates down in Sept. Still have time to do hedging

1 week ago

Six6thsense

Fail to chase away the people. Thats why cant goreng up

1 week ago

moneymanager

they will do hedging for sure

1 week ago

Six6thsense

Can u all sell? Too heavy cant bring too many earn big money

1 week ago

Titan

News reported Xiaomi sold 200K EV car in 3 seconds and 280K in 1 hour. That is really crazy. Proton only sells total of 150K+ in 2024. That is not the best part yet. It is price at USD 30K and it only take 10 minute to fully charge the car and give you a mileage of 600km. I think this is not only killing other EV car like Tesla but it will kill O&G industry very soon. Imagine going into a shop to grab a coffee and donut and by the time you come back, it is ready to go.

"Xiaomi's new electric SUV, the YU7, is designed for ultra-fast charging. Specifically, the YU7 Max can charge from 10% to 80% in just 12 minutes, and can add 620km of range in 15 minutes.

6 days ago

STFUrr88

it's time for me to post sth regarding the correlation of EV and oil consumption. I'm a bit fed up with the posts that just vomit out the info from media without processing it first through our grey matter

6 days ago

STFUrr88

firstly adoption of EV isn't necessary means reduction in oil consumption. it's not that u pull out 1 ICE and replace with EV and nobody needs oil anymore. firstly EV is just another form of vehicle which when used in a large scale means huge infrastructure has to be set up. this infrastructure is not just chargers but grid network, electricity generation (power plant). will the infrastructure comes first or EV comes first? without the infrastructure, it's impossible to be adopted in large scale. who is going to invest in the infrastructure first? u see there's so much of uncertainties but ppl ady singing praises of EV. whether it charges to full in 1 second or 1 millisecond is not the major consideration to buy and EV or not. I rest my case here.

6 days ago

Titan

fair comment but I didn't say no one needs oil anymore......but eventually it will be that way. It will be reduced, so will be demand. Many EU countries has set goals of ending ICE vehicle. As for electricity, TNB has well enough capacity to support EV infrastructure. You are right to point out the lacking of infrastructure, but charging is no longer constrained to charging station. It can be charged at home. With the charging at home, shorter times and longer mileage, it will eventually even out the waiting time. I see this is simalar pattern of mobile phone transition from the nokia era analogue type of phone to palm and finally smarts phone. It all happen within 20 yrs and I won't be surprised if EV car adoption will be much faster.

6 days ago

Gordan

EV cars ? with the current charging ports and the battery health issue, whose gonna buy it ? the group of people that likes technology ? do u know how much is the depreciation value and the cost of changing a battery of EV cars? there's atleast 75% people will not choose EV car

6 days ago

jimmylim11

Short selling has been so strong in the last few days. Open shorts is now over 6 million shares. Fortunately Big Boss Datuk has stepped in and bought about 1.1 million shares. I have also noticed that the most recent 2 days shorts covering is more than new shorts. Hopefully the trend will continue - more shorts covering.

6 days ago

STFUrr88

perhaps not everyone understands the concept of our electricity grid. firstly the spare capacity is there to support any peak power demand. u can't be running at 80-90% in average. to increase the capacity means to build more power plants which is mostly gas. RE is still not a steady generation. thirdly if the consumption increases, we need a revamp in the grid network which is so expensive to build and if TNB passes on the cost to consumer, will u be happy with it? finally this is not an apple to orange comparison as phone is not comparable to cars. a car is different as u need a strong support system (service centre, gas station, etc). phone is a short term item which can be changed easily and doesn't require any of the above support system. EV adoption is just a trend now, but a trend will always ends.

6 days ago

STFUrr88

jimmy, hopefully the current FY ends soon, and once the mandate for SBB is renewed, shorts will be more cautious.

6 days ago

Jesse1314

Reducing ICE cars reduce petrol consumption and may potentially increases natural gas consumption; good for the environment and reduce government support on petrol subsidy?
Ain't this good?

6 days ago

Titan

@Gordon, this is the usual phase for tech equipment. On the initial phase of smart phones, how many phones blew up on the face & caught fire? There are thousands of report and many thousand more not reported. Same goes with solar panel. During the early days, solar panels caught fire (and they still do, but it has reduced significantly), and many were not willing to install it. That is a huge pushback at one point, but look at where are we today with smart phones and solar. As for depreciation, there will be a point no one considering about 2nd value as the EV car will cheap to manufacture.

@STFUrr88,
TNB already passes down the cost. All mid and high voltage will be paying more starting 1st July and TNB has allocated 90 billion for next 5 yrs to upgrade and build more grid. Also, solar adoption on factory has help to reduce the MD on grid. Lastly, TNB has signed a ASEAN power grid with Cambodia, Thailand and Singapore that allows cross border electricity trade to enhance the connectivity. In short, thai & cambodia can sell to Singapore if ever needed passing thru TNB grid.

The smartphone vs EV car is just an analogy. During the high of nokia phone era and the early days of smart phone introduction, the same was said: there is not enough 3G infrastructure. Data are slow, no coverage, lack or service centre for smart phone and realibility issues. Fast forward 10 years, we are going for 6G. Some said China is 10G now.

Anyway, I guess there is no right or wrong but it just perspective of time on how will it be in 5 or 10 yrs time for O&G. If O&G is not at treat, Saudi won't diversified and investing in huge risky development project

5 days ago

jimmylim11

Happy to see the trend continues - more shorts covering than new open shorts.
2/7 - 87 new shorts and 469 shorts covering.

@Titan, are you a Hibiscus Shareholder? What is your average price?

5 days ago

Titan

@Jimmy. Yes I'm.
I bought way before hibiscus purchase the repsol and brunei. Sad to say those are still not break even, If i remember correctly is about 70c+ before the share reduction. With the 5-2 share reduction, I think the average price is Rm1.75.

However i did buy 100K unit this year with an average of RM1.45 . I sold all of it around RM1.80 and 1.70 recently. So now still keeping those purchase long time ago.

5 days ago

STFUrr88

did the TNB grid network factor in the increasing usage of EV? I doubt that. u r just regurgitating news wat cross border electricity sale is just a myth. everyone will only sell when there is a surplus of RE. it's not that every single minute there's a surplus.

5 days ago

STFUrr88

solar adoption on factory? are u aware they can't use panels to cover 100% of their usage? speaking on diversification, some parties are just trying to follow the steps or imitating some precedessor. how many will be successful like Dubai. how many can be Dubai. just ask the major big oil did their diversification succeed?

5 days ago

STFUrr88

adoption of solar is because gov incentivised. try not to provide subsidy or any incentive. let's see hows the adoption.

5 days ago

Six6thsense

Low volume. Confirmed

4 days ago

jimmylim11

Further shorts covering of 293,000 lots yesterday

4 days ago

Titan

All eyes is in 6th July.

4 days ago

Six6thsense

Do not fight with capitalist. Join them patiently and burn the time together.

4 days ago

Titan

Surprisingly, the increase in production by OPEC+ for August was well received. Not much changes in Hibiscus price.

1 day ago

jimmylim11

Short Selling was highest recently on June 30th at 6,600,000 lots, as of 4th July it has dropped to 5,510,000 lots

22 hours ago

Titan

Brent oil increase yesterday. Can it break USD70 and maintain above that?
OPEC+ has a surplus capacity of 2.2million barrel a day. They are now putting back half a million back on line which is only 25% of the capacity. Saudi being the biggest producer and lowest cost producer of oil per barrel, wants to get back the market shares, increase revenue to fund their mega project and finally punish other oil producer that don't play by the rules. This will also meant to restrict the shale oil expansion. I think they will release more barrel for sept till year end.

10 hours ago

stxxx9

A lot of news on Hibiscus lately, the news are positive though.
A plan of dual listing in UK
Good Green initiatives, planting of mangroves in Sabah.

7 hours ago

stxxx9

https://www.thestar.com.my/business/business-news/2025/07/05/dual-listing---to-do-or-no-to-do

7 hours ago

stxxx9

https://www.thestar.com.my/news/nation/2025/07/05/saving-mangroves-with-the-power-of-youth

7 hours ago