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During covid, when oil was usd20 or negative, hibiscus and other oil companies was also selling at cost or above cost. Physical and paper market is 2 different things. The longer oil price stay low, the better for lost cost producers. Simple logic
Bayangkan Petronas disenaraikan di Bursa. Apa nilai yang akan diberi. Bandingkan dengan nilai bunga raya sekarang, "its a no brainer". Tunggu dengan sabar, masa sahaja.
