rebound over 20% is not a dead cat bounce like KYY said in his earlier article.

All news are pointing to solid fundamental of refining. Only insiders will know how long good profit margin is going to last.

https://oilprice.com/Latest-Energy-News/World-News/US-Gasoline-Demand-Increasing-Not-Waning.html

https://oilprice.com/Latest-Energy-News/World-News/EIA-US-Refining-Capacity-Sinks-To-Near-Decade-Low.html

Haha, ChalesT is correct...no bones left.

At current price, i think more than 90% investors are losing money including sifu and probability. Chinaman operators very mean.

btw, should thank uncle kyy article to ask people to sell. Hope he will not buy back when uptrend again as operators don't like him, obviously

betting commodities related counters like Hy and Petron one must note that it will be very volatile. If crack spread in Aug 2022 remains around USD 20, you wound not get them at current price in Aug. If crack spread in Aug 2022 is below USD 5, then you may get HY below current price.

KYY asks to sell, it is the time to buy. I guess this popular quote in i3 will be chun again this time...

rebounding from oversold. Once turn green, many will chase again...

call warrants' traders are hit the most from 30 sen+ to 12 sen ( C24). Bankers ie IB win big, as usual. Don't play play with cws

Petron 20 sen div ex monday.

Ya, i started to add aggressively now both hy and petron. Current price is a good bargain after extreme fear.

uncle kyy cannot tahan and cut loss in his article published just now. Kena margin call?
Uncle out is not a bad thing. i3 famous quote : when uncle sells, you buy, vice versa still valid this round? Let see

uncle kyy cannot tahan already...
i3 famous theory still holds or not, ie when uncle calls sell, it is time to buy, vice versa?

i am happy to buy more those force sales shares at bargained price now... RM 5.12-5.13

i guess only lah...uncle bought too much at RM 6+ now kena margin call...

i think someone kena margin call...

chinaman has collected enough, time to rebound to RM 6 soon...

those catch the falling gold yesterday and this morning is laughing to the bank...

those catch the falling gold yesterday is laughing to the bank...

i think the worst is over for now. I am happy i did bottom fishing yesterday.

bottom fished henyuan and petron yesterday and this morning...

very satisfying bottom fish today. 95% of stocks drop badly.

about time to bottom fish...

i don't think HY price will collapse esp crack spread remains high. Those who wish to cut loss should not sell at such low price now. Tech rebound is imminent.

generally, today is good time to buy stocks for short term bet. Most stocks in KLSE are on sale.

Sharks really love retail investors... When up, most chase high and high, when low, all rush to sell low...

CWs have dropped more than 50%-60%, mother share dropped by 10%-20%, depending on when you buy. The worst hit are cw investors.

Petron, my side bet, is doing better than HY.
I believe HY will follow soon, just need more "shaking"

petron more fun...i bottomed fish this morning at 6.90+now can take profit.
Henyuan like kena KYY curse...Perhaps uncle bought too much operators' shares, so have to wait for more "shaking" by operators.

again bottom fish at 6.10-6.13...

https://time.com/6182262/diesel-shortage-inflation/

https://newsus.cgtn.com/news/2022-06-02/U-S-truckers-face-diesel-fuel-shortage-1awqx6SHzVu/index.html

in about 3 months time, we will know who is right and who is wrong.

i am happy to buy below RM 6.20

Kyy effect, mother share dropping 18sen+now

when price up, this forum is peaceful. When down, this forum become fxxxxxxxxxxxx

price surge again...

grabbed some RM 6 at the opening... earning some peanuts now, let see can become gold latter

This is true. probably all losses already provided in Q1...kitchen sinking.
New hedging will be based on existing high crack spread even crack drop they will have gain on derivatives. As such Q2 will be explosive.
Nonetheless, this is pure rational speculation only. HY results are very difficult to predict since 2017...

.....................................
probability

when your margin expanded, new hedging will be done with expanded crack
their hedging contract size is always 25% of their qtrly revenue

1 hour ago

when your margin expanded, new hedging will be done with expanded crack
their hedging contract size is always 25% of their qtrly revenue

Lower profit qoq due to fair value loss on derivatives RM 432 million, inventories written down RM 131m.

https://finance.yahoo.com/news/warren-buffett-worst-investments-time-201817506.html#:~:text=In%202015%2C%20in%20a%20letter,Berkshire%20%24444%20million%20in%20losses.&text=Advertisement-,Just%20like%20Apple%20Inc.,Tesco%20PLC%20(LSE%3A%20TSCO.

Can google : Warren Buffett’s Worst Investments of All Time

A good lesson to learn.

taking clue from Warren B who is betting big on O&G. He feels O&G bull will last longer due to under investment and various geographical issues...

Don't hantam people if a stock failed to perform...Even Warren Buffet is only 60%-70% right in his investment. He also made a lot of mistakes. If one can achieve 60% right in investment, he is doing well in investment.

https://finance.yahoo.com/news/buffett-betting-big-oil-gas-000000803.html

Buffett Is Betting Big On Oil And Gas Stocks

taking clue from Buffet which means he still believes oil and gas can run further...

https://finance.yahoo.com/news/buffett-betting-big-oil-gas-000000803.html

Buffett Is Betting Big On Oil And Gas Stocks

Buffett’s Energy Investments

Buffett has been doubling down on his energy investments while trimming his banking holdings despite oil and gas stocks being at multi-year high valuations.

To wit, the legendary investor has added new shares in red-hot E&P companies Occidental Petroleum Corp. (NYSE:OXY) and Chevron Inc. (NYSE:CVX) despite both currently trading at multi-year highs.

According to Berkshire’s latest 13F filing, the company bought 118.3M OXY shares in multiple transactions from March 12 to March 16, bringing its stake in OXY to 136.4M shares, or ~14.6% of its shares outstanding. Berkshire also owns OXY warrants granting the right to acquire some 83.9M additional common shares at about $59.62 each plus another 100,000 OXY preferred shares.

Earlier, Berkshire revealed that it purchased about 9.4 million shares of oil titan Chevron in the fourth quarter, boosting its stake to 38 million shares currently worth $6.2 billion.

OXY has more than doubled over the past 12 months, while CVX is up 50%, with both stocks trading near multi-year highs. But, obviously, Buffet thinks they still have plenty of upside judging by the huge positions opened by his investment conglomerate.

Buffett is hardly alone.

Related: How 3D Printers Could Transform The Energy Industry

OXY CEO Vicki Hollub has snapped up OXY shares in the open market, even as shares trade near three-year highs. According to an SEC filing, Hollub paid $798K on March 28 for 14,191 OXY shares at an average price of $56.24, raising her holdings to 467,282 shares and an additional 23,390 shares through a savings plan. Hollub last bought OXY shares on the open market nearly three years ago, when she paid $1.8M for 37,460 shares at an average $48.15/share on June 10, 2019.

Wall Street is enthralled by OXY, too.

Raymond James analyst John Freeman recently raised his OXY price target to $85 from $60, setting a new Wall Street high. That’s good for nearly 50% upside.

OXY has 9 Strong Buy ratings; 2 Buy, 13 Hold, 1 Sell and 1 String Sell ratings on Wall Street.

Forgot to update timely. Below is my i3 thread in respective stock forum.

Add some HY during big selldown. Sold MSC... most commodities not so se xy except for O&G section still ok for short term bet. Take profit on Pmetal as well

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Stock: [HENGYUAN]: HENGYUAN REFINING CO BHD

May 26, 2022 2:31 PM | Report Abuse

so good to chase low again today below RM 6.20


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Stock: [MSC]: MALAYSIA SMELTING CORP BHD

May 19, 2022 1:59 PM | Report Abuse

Good investor must know when to buy and when to take profit...

how can players beat banker?

cw is casino play... IB is banker, retail investors are players

today is last day for IB issuer of C22 to sell balance of their shares bought for hedging and end of manipulation, with result announcement likely today. The worst should be over for now...