BFM 89.9
The Business Station
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Since early October, oil prices have dropped from over USD $80 per barrel to less than USD $60.As the fortunes of Hibiscus Petroleum is closely tied to the price of oil, how big a concern is this for the company? We discuss this with Kenneth and look into what the company is doing to buffer itself from the volatility in oil prices. We also talk the business strategies and oil production targets. Sitting in a debt free position today, would the company ever consider taking on debt for expansion?
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Presenter: Joyce Goh
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