Hibiscus Petroleum shares higher on acquisition on Repsol assets | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 86%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

KUALA LUMPUR, June 8 ― Hibiscus Petroleum Bhd was one of the top active counters, bagging 5.5 sen to 71 sen, with 108.82 million shares changing hands at 9.55am, following the details provided by the company on its recent acquisition of Repsol Exploración, SA (Repsol) assets to boost earnings....

KUALA LUMPUR, June 8 ― Hibiscus Petroleum Bhd was one of the top active counters, bagging 5.5 sen to 71 sen, with 108.82 million shares changing hands at 9.55am, following the details provided by the company on its recent acquisition of Repsol Exploración, SA assets to boost earnings.

In a note today, PublicInvest Research said the details entailed information about the assets, sources of funding, and other salient terms such as pricing, capital expenditure, operating expenses, and 2C reserves. "Overall, we view this development as timely in light of the favourable oil price environment, with a significant impact to the group’s production and earnings immediately upon completion.

"These assets are expected to increase the group’s production rate, including gas, to 26,800 barrels of oil equivalent /day with oil production rate to increase from 9,000 bbls/day to 18,500 bbls/day," it said. Hence, the research firm maintained an 'outperform' call on Hibiscus with a revised DCF based target price to RM1.05 on fully diluted basis. ― Bernama

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 1. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Strong earnings pull British shares higher; Aviva climbs | Malay MailLONDON, June 8 — British shares inched higher today, helped by positive earnings updates from companies including Intermediate Capital Group and British American Tobacco, while Aviva gained after an activist investor built up a stake. The blue-chip FTSE 100 index rose 0.2 per cent. Intermediate...
Herkunft: malaymail - 🏆 1. / 86 Weiterlesen »

Asia stocks open higher on record for MSCI's All-Country World Index | Malay MailHONG KONG, June 8 ― Asia stocks opened higher today, cruising in the slipstream of a record high overnight gauge of global equity markets, with investors hoping for inflation and monetary policy clues later in a week full of key central bank meetings and data points. Australia's S&P/ASX 200...
Herkunft: malaymail - 🏆 1. / 86 Weiterlesen »