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1. Brent Oil went up again and nearing USD120. Now USD 118. The higher oil price, Hibiscs daily crude oil production sale will increase eventhough their production rate remains the same.
2. Currency Exchange. US dollar grow weaker comparing to MYR. But this will do little offset to hibiscs earning.
3. Total Short selling. IDSS made more than MYR4mil. while PDT only short around MYR1mil. no of short seller is 50.
Who cares.. As long as I get the chance to help others make money to make ends meet, I am happy enough. On second thought, human beings always prevail since dinosaurs, stone age, Ice age and etc..
example oil price 80 usd per barrel
in reserve 100 barrels...total revenue= 8000 USD
example 2 oil price 130 USD per barrel
in reserve 50 barrels due to Russia sanction and export ban.. totall revenue=6500 USD . destructive demand price hike..
This morning open red i thought will be another red closing.... Till now i look at hibiscus price again my brain pop up Samuel L. Jackson voices said "surprise~~MFK" to ptds
Lolx
I have uploaded several snapshots from yesterday trading e.g. opening, morning/afternoon sessions, short selling transition to long trades and closing for your future reference.
Please ask those who have some experience in Oil&Gas business. I met someone who I found he/she knows more that I do. Watch how they get what they want.
Trading commodities e.g. crude oil, palm oil are different. Price we see now is for months ahead.
Please correct me if I am wrong. https://youtu.be/_fPA5F7PLQU
Gud luck
The southern Chinese city of Shenzhen, a global technology hub close to Hong Kong, is witnessing a decline in the number of new COVID-19 cases. Government offices and essential businesses in the city are set to reopen on March 21.
They heavily short sell. Short sell is easy. Just throw your borrowed stocks to bidders. The question is will Hibiscs ends lower at the end of the day? 1.24 has been blocked with high no of shares up for sale.
Somebody is managing the situation. There are several attempts to short and short sellers hoping others will follow which if we did, this will drive Hibiscs down further. But their moves move were stopped short. Everytime someone shorts, there will bidders place their orders That stops them. No big moves yet until now. I am sure someone will make his moves soon. Look at yesterday chart. Set your timeframe to 5 minutes. You will get what I mean.
Barry, the oil price many ppl looking at is actually crude oil futures for June contract. That price doesn't reflect Hibiscs earning today bcos earning today based on actual crude oil price at spot and basket price by EIA and OPEC.
Hibiscs already anticipate this and put it in their recent quarterly report where they forecast there will be 2 scenarios. 1. When market is bullish. 2. When market is bearish.
On two scenarios, Hibiscs forecasts that oil price will be cheaper from May onwards. But they didn't expect Russia bulldozed Ukraine..
On Wednesday, the administration got an additional assist from the International Energy Agency, which announced its members planned to release 60 million additional barrels from their oil reserves, marking the largest release in IEA history.
But the administration’s critics have argued the decline in prices are unlikely to be sustained, and don’t change the supply and demand dynamics, unless the government commits to long-term investments in fossil fuels.
Bought some more at 1.20 today. Based on today's IEA final release emergency oil reserve 250mil bbl total until the end of this year, estimated crude oil cap at USD 100bbl unless pressure relief valve pops then it will jump USD120 instant.
Wish you all the best.
For me either drifting to near 1 or I board other trains...so many trains for boarding....direct air capture from occidental is a good concept moving forward as oil n gas companies transition towards碳综合
WWF-Malaysia and BCG cited Hibiscs 1 of 9 Malaysian companies actively charted towards compliance in accordance with UN climate change requirement during the 26th UN Climate Change Conference of the Parties (COP26) in Glasgow last November, this includes investments on Green Energy on Power Generation e.g. Solar, Wind Turbines, Carbon capture on flue gas and etc.
No single company sets the price of oil or gasoline," said Darren Woods, chairman and CEO of Exxon. "The market establishes the price based on available supply, and the demand for that supply."
Republicans, including U.S. Representative Morgan Griffith, blamed for high pump prices on Biden's policies, including a decision to revoke a key permit for the Keystone XL pipeline to that would have imported crude from Canada once completed, which could have taken several years.
In short, as US and EU stopped investment on oil exploration and production and sanction Russian Oil led to oil shortage that we are in now.
Crude oil price hike is not our doing. But we welcome US intervention in Russia-Ukraine conflicts as this introduce us new CIPS, alternatives to US dollar e.g. Remnibi, Dipolar World power.
Hibiscs's aim not only to increase 8,000bpd to 24,000bpd, they are working on increasing their production capacity to 50,000bpd.
3QFY22 is coming out soon. Window to own Hibiscs share is closing. I will add some to my portfolio in days to come.
Don't trust me that much... I'm not expert... To be very very honest I only have 70% confidence on hibiscus.... It just I willing to bet money on my 70% confidence.... With the money I can afford ofcoz.... I learned some basic tech analysis & I wanted to experiment on it.... I don't ask for buy call or sell call..... Trust yourself better XD