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Let the shares fall first; The main reason for earning to drop due to major maintenance is good. Most maintenance has completed. Time to pump black gold and gases. Management is trying to get as much shares below RM2.
Let it fall further if possible, we can see the management already start share buy back, signaling potential bullish in the next QR. With regard to oil prices, Trump will definitely cause oil price to go above $100. (I see opportunity in US new infrastructure construction, potential war escalating,...imaging he saying, you want nuke war, so be it.)
HLIB Research said Hibiscus’ positive outlook is supported by the fact that all its major annual maintenance campaigns have been completed.
PETALING JAYA: The worst will be over for oil and gas companyHibiscus Petroleum Bhdas long as Brent-grade crude oil prices stay above US$70 per barrel.
Hong Leong Investment Bank Research (HLIB Research) said Hibiscus’ positive outlook is supported by the fact that all its major annual maintenance campaigns have been completed, allowing production to normalise in the coming quarters.
