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.

EU now is in recession especially Germany. EU has been enjoying cheap gas and crude oils all these years. Then came Traffic light party in Germany promised they will be independent from Russia. They bombed Nordstream. Not only they have to import LNG from US, they have to build LNG Regassification Plant to convert LNG to household gas. Buying LNG from US is already expensive. Build a LNG Regassification made it worst. They need power so bad they have to import electricity from the French. All those Wind power, solar power and whatever, they found inadequate to fulfill their needs.

You need hydrocarbon products not only for generating power plants and stuffs, they also need hydrocarbons in plastics, chemicals, bio medical products and a whole lot more. They are doomed.
The Rest of the World now sees there is a lot of opportunities in Africa, Euroasians and emerging countries. These new world we call BRICS+ has GDP higher than G7 countries. Demand in crude oil will eventually rise up when they make investments and development in those countries.

Mind you, US, French, Germany colonizers have been kicked out from Africa. There are more cooperations between Africa countries and Russia & China there.

Iran is now a stabilizing factor in Middle East. There are new trading routes from East (China, Vladistostock - India - Iran - St. Peterberg). Iran starts trading with Russia using rubbles. Russia introduced Mir card. BRICS introduced payment system via Central banks with bypass SWIFT.

You still watching Netflix?!!

For me, oil stock is never a stock can keep due to its fluctuation which almost proportional to the oil price. But hibiscus is starting to give dividend and show its potential to be one of she great players in the industry. Just hope that it doesn’t become one of the troller in the market.

5199 appears underperforming last quarter at a glance. What prevented 5199 performing as usual are caused by 1 schedule maintenance or shutdown 2 turnaround which they do every 2 year on Anasuria FPSO 3 Compressor failure which already fixed last October 4 lower drilling activities waiting for drilling rig due to Bad weather
Thus, 5199 revenue dropped but 5199 uses USD as their trading currency while OPEX in Mlaysia uses MYR.
These guys pro, 'kay? NOT like BP's Deep Horizon incident..