What man is a man who does not make the world better? ORLANDO BLOOM - Balian de Ibelin
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2022-09-04 17:49 | Report Abuse
sslee
market makers have started Fare Hedging for airlines
you can buy or sell airlines Fare Futures
so its all complete
Revenue is physical and futures
fuel is physical and futures
you can open Virtual Airline, Virtual Refinery. Virtual Palm Oil Mill etc etc
2022-09-04 16:42 | Report Abuse
There is a Real Reason why Marathon do not hedge
if oil peaks to USD150..00, for just milliseconds
margin call for milliseconds
your position could be closed within milliseconds with RM1.5 Billion loss
thats what Raider trying to tell you.
2022-09-04 16:38 | Report Abuse
need sslee to attend AGM to ask who they hedge with. Is it Licensed Broker?
Posted by Income > 2 minutes ago | Report Abuse
Hello, you please Google AA history,
Even before Covid, AA aviation oil hedging caused huge losses as stated in AA annual reports.
You Google it. I don’t bluff you.
That’s why I don’t play AA stock.
2022-09-04 16:12 | Report Abuse
Hedging?
hedging is simple,
you just buy a plane ticket with AAX and you get nothing in return
then
you need to buy another plane ticket from MAS and you also get nothing in return
conclusion is => its better not to hedge
2022-09-04 15:54 | Report Abuse
sure please update
if strike cut off Dragon kukujiao
if dun strike cut off sslee kukujiao
this is called "hedging" lu tau boh?
buy nothing
sell nothing
both kukujiao is not mine
:)
2022-09-04 15:02 | Report Abuse
Raider
You are getting wiser in old age.
Your kukujiao went to brain already so brain is now supercharged
This is very likely
Thats why Wise Old Men sold down HRC on Friday
HRC was careless with their hedging
all Crude Oil purchases, you got the payment deducted from Bank account when LC is issued
I see HRC with cash flow issues.
However Raider, with the RM 5 Billion loan, this issue will be solved / already solved.
=> so there.
Posted by stockraider > 10 seconds ago | Report Abuse
Already explain loh!
In case of Hengyuan kena margin call of Rm 1.5b due to derivative losses loh!
What happen if Hengyuan cannot pay up leh ??
Bankrupt loh!
All the hedge position will get liquidated with hedge losses mah!
2022-09-04 14:54 | Report Abuse
Hedging is very expensive
1) there is the "Gap", the Gross Profit for Market Makers, ie the Bid & Offer Gap just like shares
2) sometimes got commission
3) there is a swap rate [some says it never goes to 20%, wink wink]
2022-09-04 14:47 | Report Abuse
sslee
I bet with you that BOD of HRC will tell you "Yes"
if answer is No or evasive... ...
you just cut off Dragon punya kukujiao
and immediately inside AGM click SELL on all your HRC shares
and you mentally scratch Raider punya ... MYVI whether answer is yes or no for giving you doubts
2022-09-04 14:24 | Report Abuse
sslee
I suggest that you raise the Question whether derivatives were done with licensed brokers at HRC AGM.
Hopefully you will NOT get a JAKS type reply.
2022-09-04 13:48 | Report Abuse
Raider
btw
to make readers aware of transparency
some auditors use the wording
=>Amount due to Licensed Broker of Equities/Derivatives
so that readers who used audited accounts can know its all kosher and holy.
No doubt at all.
I did make that happen to many jobs that we took over from other auditors
but use of different wording does NOT mean Management is quilty of FRAUD.
it just means => UNKNOWN source of hedging.
just dun think too much and you will sleep better at nite
2022-09-04 13:42 | Report Abuse
There is absolutely NO evidence that HRC hedges are done via
OTC swaps or dll
I advise you to refrain from continuing this train of thought
Posted by stockraider > 50 seconds ago | Report Abuse
I suspect the derivative trader is done between the owner macai & hengyuan mah!
Not thru an official exchange lah!
Do not be silly loh!
2022-09-04 13:35 | Report Abuse
silly feller calls Macron a liar
Posted by i3lurker > 32 minutes ago | Report Abuse
French President Emmanuel Macron said Thursday that he hoped the deal with Iran would be revived in the coming days.
"I hope that in the next few days the JCPOA will be concluded," Macron said during his annual speech to ambassadors at the presidential palace in Paris.
on Friday crude oil price crashed,
today is Sunday.
2022-09-04 13:34 | Report Abuse
silly feller NYSE start 9:30 and do oil trading NYSE
Posted by i3lurker > 26 minutes ago | Report Abuse
Crude Oil can be traded via 3 main channels,
[still got others its called dll, not a bad word its => dan lain lain]
1) Oil Physicals & Futures
2) NYSE ETFs
3) OTC swaps
2022-09-04 13:26 | Report Abuse
In "semua pun boleh" land
the licensed capacity is a Dragon [balls]park figure.
By right
any production in excess of capacity is liable to criminal prosecution by Gobermen.
especially all types of refineries, palm oil mills etc etc due to pollution dumping licenses obtained as cleared via EIA.
Since operating in excess of capacities contravenes EIA upon which the plant is constructed.
By left
"Nobody" reviews this production figures, maybe they do this via a "binocular audit from office"
In real life, production capacities exceeds licensed lies by up to 30% due to extreme understating of plant capacity upon application, skipping maintenance, operating on "reported official off days" etc et cetera
for outsiders, its not so easy to pierce the curtain of lies.
Posted by PSAi3alert > 7 seconds ago | Report Abuse
SSLee,
HRC has a licensed capacity of 156,000 barrels per day, or 56.94M per year.
2022-09-04 13:06 | Report Abuse
Crude Oil can be traded via 3 main channels,
[still got others its called dll, not a bad word its => dan lain lain]
1) Oil Physicals & Futures
2) NYSE ETFs
3) OTC swaps
2022-09-04 13:02 | Report Abuse
French President Emmanuel Macron said Thursday that he hoped the deal with Iran would be revived in the coming days.
"I hope that in the next few days the JCPOA will be concluded," Macron said during his annual speech to ambassadors at the presidential palace in Paris.
on Friday crude oil price crashed,
today is Sunday.
2022-09-04 12:25 | Report Abuse
of course everything will come tumbling down
and Humpty Dumpty cracked open by Crack Rate when Iran thingy is signed.
Dun take it seriously, just take all this as Sunday Cock will do.
2022-09-04 12:11 | Report Abuse
I gonna keep this as the Quote of The Day
:)
////Now Q2, crack spread did normalize but how come derivative loss jump to 1 bil? apa theory baru to support this, longer hedge time frame? walao, banyak excuse macam jho low.////
2022-09-04 11:44 | Report Abuse
the standard Straddle of
Buy Raw Mat
Sell Products
usually results in DIE BOTH SIDES
Buy Raw Mat, raw mat price drops => Huge Losses
Sell Products, products price increases => Huge Losses
thats DIE BOTH SIDES
there is a real reason why branded companies like Marathon like to be self-insured
Posted by Sslee > 3 minutes ago | Report Abuse
Ular,
When you hedged mean good time you earn less and bad time you lose less.
2022-09-04 11:40 | Report Abuse
always remember, Tomorrow is very likely to be same as today unless you change something.
its like the movie Inception, you must change something to have a different ending.
=> HRC losses from "cough cough hedging" will likely continue. Since tomorrow is the same as today.
[Dragon talk bad about HRC one, not me.]
2022-09-04 11:26 | Report Abuse
Pengerang?
Nobody cares about Pengerang coz you CANNOT gamble Pengerang.
=> be honest its all about the gambling! whether PetronM or HRC
when you asked this question you are giving credibility that it is NOT about the gambling
when it is ALL about the Gambling.
Place your bets !!!
2022-09-04 11:16 | Report Abuse
A Good Samaritan [not me] donated the money to Raider just to help out
I believe it will NOT happen all the time.
I suspect and believe the said Good Samaritan is Calvin, The Apprentice punya Sith Lord
Posted by Sslee > 8 minutes ago | Report Abuse
By the way stockraider said he make 2 myvi from his bet with Netx RI and make a last minute escape with his 0.5 sen,1 million Insas-wb before insas-wb expired as toilet paper.
2022-09-04 10:31 | Report Abuse
who controls more than 50% of HRC freely traded shares?
//////For example, as alleged, by March 24, 2021, Hwang effectively controlled more than 50% of the freely trading shares of Viacom – and no one outside of Archegos knew about it — not investors purchasing Viacom in the market, or the executives at Viacom itself, or even the banks and brokerages who held the stock as part of the swaps. Because, as alleged, by using various banks and brokerages for his swaps, Hwang made sure that no single institution would have any idea that he was behind all of this trading.
If you think you are a victim of the scheme alleged in this press release, you are encouraged to contact law enforcement at Boo_Ku@KajangPrison.corruption for compensation. ////
2022-09-04 10:10 | Report Abuse
I agree that anytime, anywhere, anyhow when its impossible to deliver physical and its ONLY cash settlement => its Gambling.
=> coz your safety net of physical delivery does NOT exist.
be a Man/Woman/Shemale/AhKua/It/LoongKang_Kat and admit it
2022-09-04 10:07 | Report Abuse
thats why we should start a system where physical deliveries are sent to Pekan, Pahang just next door to Boo_Ku punya house instead of Cushing, Oklahoma.
and we call the crude oil as ChowKit Light, a mixture of Tapis and Klang Toddy
2022-09-04 10:00 | Report Abuse
btw
fyi
ps
pss
buy more is called the Martingale Gambling System
2022-09-04 09:58 | Report Abuse
no way you can deliver the solid goods to Cushing Oklahoma from Port Dickson
sslee's punya Dick says no way.
if can deliver then chop off sslee punya kukujiao
2022-09-04 09:33 | Report Abuse
easy come easy go mah
=> even the Jackson Hole Economic Symposium erased off USD 1.5 Trillion just like magic, as if the money never existed.
2022-09-04 09:11 | Report Abuse
Continuation
01/01/2023 EU Sanctions on Russia, Comprehensive Final Package
China Cost of Production will drop across the board.
Cheap Russian oil dumped to China means all raw materials in China will be cheaper.
Example, plastics, fertilizers, electronic devices, EV cars etc etc
A global reduction in prices due to lower China manufacturing costs will spark a Global Non-Russian economic boom
The same cycle will happen to food as Russian wheat dumped to China will reduce China purchases from US.
Just switching musical chairs.
2022-09-04 08:59 | Report Abuse
01/01/2023 EU Sanctions on Russia, Comprehensive Final Package
Global Supply & Demand is just irritated and not affected.
what will happen is all Russian oil will be dumped to China.
China purchases of WTI & Brent will be reduced proportionally by the amount of cheap Russian Oil bought.
Europe rather than sourcing from cheap Russian Oil now has to buy from their "other enemy", those guys across the Channel.
Global Oil will spike momentarily purely due to "feelings""
No "real" effects on oil industry.
All Malaysian Gloves will go bankrupt though as butadiene prices will drop for China Gloves due to cheap Russian oil.
Butadiene prices for Malaysian Gloves will remain high as it will be produced from high oil price.
0X/0X/202X Comprehensive Nuclear Agreement with Iran.
This will be signed despite Israel objections as it was previously signed by Democrats and another Democrat will sign it.
Unless they pow wow until Democrats lose both Houses in the Mid Terms.
2022-09-04 00:01 | Report Abuse
Since you are the ONLY Expert here
You are saying that OTB already sold all HRC
and OTB want to buy back in HRC again at cheap price?
MoneyMakers
Plan exit ASAP..possible huge dump down to orig price rm3 by month-end (div xdate)
Either ownself dump 1st or syndicate dump 1st..choose wisely or 4ever regret
16 minutes ago
2022-09-03 23:48 | Report Abuse
////They prefer to spend their money on their refinery complex in Singapore.///
kwailoh always believe Malaysia will end up just like Pakistan or maybe Afghanistan => Malaysistan
look at the number of Regional HQ in Singapore and you have the answer..
You cannot blame these Kwailoh, look at PAS press announcements.
2022-09-03 23:43 | Report Abuse
PSAi3alert
I am shocked !!!
Mabel is NOT a buxom blond?
I was misinformed ... just like Rick who went to Casablanca for the "waters"
2022-09-03 23:28 | Report Abuse
Dragon
////sometime correct sometime not correct////
you are telling us something we do not know?
if people correct all the time no need everyday more tha 30 people die from traffic accidents
Stock: [HENGYUAN]: HENGYUAN REFINING COMPANY BERHAD
2022-09-04 18:12 | Report Abuse
the Bill Hwang Archegos is a true Pyramid Up
see what happened to him?
arrested !!!
as I see it he had many chances to unwind and escape away
and make Billions of USD but greed got the better of him.
always throw units out and get cash
accumulate units for what?