Probability ..,your comments and notes are enlightening, just to inform that I find it very informative.
Do you see HRC facing a "stock loss due to oil price drop" situation ?
And will current price corrections on HRC continues ... thank you

Khatulistiwa1234 ... I find your comments most entertaining and amusing. I have sold all my L&G shares earlier but come back here just to read your comments...cheers

Pang72 .. support your explanation.
HRC is today supplying petrol and petroleum products to Shell's other companies in Malaysia which are still operating eg Shell petrol stations etc
Hengyuan is a strategic fit for Shell in the long run.

Please read SRC's press statement why Shangdong Henyuan won the open bid to buy
SRC's majority stake.

Probability ..
**It was a series of Articles that I Goggled "Effect of low crude oil prices on Refinery margins" Energy Insights by McKinsey was one of them.
But your notes specifically on HRC is more appropriate/practical for investment purposes on this counter.

Unknown404...
Your confidence strengthens my belief in this counter. What will be FPG's fair value basing on last Quarter impressive results, thanks

Probability ...
Thanks for the comprehensive notes written, good read. Are the figures written from HRC's 2016 Annual Report ?
My confidence in HRC is further strengthened by your notes, thanks for the effort again ...

Pang72,Suregain,Alex Lim and others
Congratulations !!
but there will always be the envious and bitter one who has nothing better to say ...

Pang72..
The rise in crude oil prices is not beneficial to Refiner like HRC. On the other hand, lower crude prices will have a positive effect on refining margins. HRC's last two years (2015/2016) profits clearly reflected such a trend.
To have a better insigh into such behavior, please read Energy Insights by McKinsey.
HRC will continue to chalk up impressive profits under current low crude prices scenario.