Posted by stockraider > 2020-03-07 11:14 | Report Abuse

it is coming q1 2020, petron will losses will be big bcos of sudden huge collapse in crude price mah...!!

Posted by Icon8888 > Mar 7, 2020 11:11 AM | Report Abuse

Actually petron did very well in latest Q If not because of derivative losses of RM25 mil

Posted by stockraider > Mar 7, 2020 10:58 AM | Report Abuse X

If u buy into earnings like Petron....anytime it can disappear loh....with current big fall in crude price....Petron will be hit with a huge inventory impairment loh...!!

I think the key is invest base on margin of safety is the answer...not necessary just earnings loh....!!

posted by Choivo Capital > Mar 6, 2020 11:21 PM | Report Abuse

When Phillip is being civil. I find myself agreeing with him.

One of the hardest things I've ever learnt is buy earnings, not nta. I'm not a liquidator.

All my nta co's are the one's I find most irritated by right now. When petronm drops, I smile abit while being a little angry that my position is so big, that I don't feel comfortable buying more.

When plenitude falls. I just feel irritated. Because I don't feel like buying more.

Posted by Icon8888 > Mar 7, 2020 10:51 AM | Report Abuse

What happen ? Crack spread decline ?

Posted by Icon8888 > 2020-03-07 11:39 | Report Abuse

350 buy buy buy

Posted by mf > 2020-03-07 12:16 | Report Abuse

Oil plunges 10% for worst day in more than 5 years after OPEC+ fails to agree on a massive...

Posted by EatCoconutCanWin > 2020-03-09 08:34 | Report Abuse

political+crude tumble= disaster..TP1.00

Posted by ankahill > 2020-03-09 16:08 | Report Abuse

This time when give dividen? :<[

Posted by gsi723 > 2020-03-13 07:28 | Report Abuse

if oil to remain steadily low... refinery will be Ok. (after the initial sharp drop)

Posted by sheldon > 2020-03-13 11:50 | Report Abuse

agreed with gsi723.

1st Qtr results however will be a mixture of puss, shit & vomit.

Posted by Choivo Capital > 2020-03-13 12:46 | Report Abuse

Wow.

Posted by mf > 2020-03-13 12:49 | Report Abuse

Sophie Gregoire Trudeau, isteri Perdana Menteri Kanada, Justin Trudeau, disahkan dijangkiti penyakit #COVID-19, memetik kenyataan Pejabat Perdana Menteri.

Bagaimanapun, setakat ini Trudeau tidak menunjukkan sebarang gejala yang berkaitan dengan penyakit itu.

Posted by mf > 2020-03-16 13:37 | Report Abuse

Stock futures drop — hit ‘limit down’ — even as Fed slashes rates; Dow futures off 1,000 points

Posted by Junichiro > 2020-03-16 14:40 | Report Abuse

That's is why rate cut is not everything. Fed has lost all its bullets by doing so being pressured by Dotart. What now? Dow set to fly ? I think the worst is yet to come.

Posted by skyea > 2020-03-16 14:59 | Report Abuse

https://www.thestar.com.my/news/nation/2020/03/16/explosion-at-petrol-refining-complex-in-johor-leaves-four-dead-one-missing

Posted by boy2ts > 2020-03-18 10:35 | Report Abuse

insurance claiming?

Posted by Alex™ > 2020-03-18 15:43 | Report Abuse

small fire only. i tot europe plant fire. if yes, can buy hrc

Posted by Johnng8882020 > 2020-03-19 00:18 | Report Abuse

Oil price drop to 23usd. Petron can make money or loss more since Malaysia is using fix price. Anyone can answer my question?? Tq

Posted by sheldon > 2020-03-19 05:44 | Report Abuse

Due to the sharp drop in crude, Petron may incur negative crack spreads because it bought high but have to sell the processed stuff low. E.g. RON 95 down from 2.08 to 1.89 to 1.82.

Likewise for jet fuel. In addition, travel ban means lower demand for petrol/diesel (although many M'sians have chosen to ignore it).

Posted by mikeazk > 2020-03-19 15:13 | Report Abuse

I agree on demand drop which will impact profit. But the pump price margin is fixed by gomen. If low price like now, oil co still need to pay duty but if oil price high then gomen subsidy. On negative spread, i think its cyclical, now they buy cheap crude, once mops increase back, they will get back much better spread to compensate losses during the price drop.

Posted by Cakes Moon > 2020-03-19 23:01 | Report Abuse

RM2.50 too cheap to be true. Sailang.

Posted by KAQ4468 > 2020-03-19 23:19 | Report Abuse

2.50 Cheap mehhhh?

Posted by onlyhuat888 > 2020-03-22 17:35 | Report Abuse

quarantine time now nobody outside petrol station earning drop lo...

Posted by James Ng > 2020-03-23 09:11 | Report Abuse

https://klse.i3investor.com/blogs/general/2020-03-23-story-h1485605733.jsp
[转贴] [PETRON MALAYSIA REFINING & MARKETING BHD：原油和制成品之间的价差缩小] - James的股票投资James Share Investing

Posted by johnbrooks > 2020-03-31 00:27 | Report Abuse

Not going to be a good year for any refinery in Asia especially. Now they are losing money with every barrel they produce (refer to article below). Just be prepared for a bad quarter in 1H20.

https://www.theedgemarkets.com/article/asian-refiners-profits-transpor...

Posted by Cakes Moon > 2020-04-02 22:55 | Report Abuse

Who followed me & buy in at RM2.50. Tomorrow be prepared to earn 100%. Be greedy when others are fearful.

Posted by signalmw > 2020-04-03 00:22 | Report Abuse

沙特条件是 ”世界产油商需要一起减产". 剑指页岩油商和俄罗斯。

Posted by RedEagle > 2020-04-03 21:25 | Report Abuse

LONDON (Bloomberg) -- The OPEC+ coalition is pushing for other major oil producers to join it in a deep reduction of global crude output and stem the historic rout in prices, a move that sent futures sharply higher.

A global cut of 10 million barrels a day is a realistic goal, according to a delegate, who spoke on condition of anonymity.

The Organization of Petroleum Exporting Countries and allies, a group led by Saudi Arabia and Russia, has already scheduled a virtual meeting on Monday and wants other nations to join talks as soon as possible.

The 10 million figure was first touted by President Donald Trump on Thursday, who called for a coordinated production cut.

He gave no indication whether the US would take part. For Saudi Arabia, it’s essential that producers including the Americans join in.

Trump is meeting oil executives later on Friday. Russian President Vladimir Putin is meeting his country’s oil executives too.

Oil surged on the news. But there are enormous obstacles to any deal.

Russia was quick to deny on Thursday that any agreement had been reached -- although it had said for weeks it’s open to talks.

Even if an accord can be struck, a cut of 10 million barrels would barely dent the glut of oil that has been created by the economic fallout of the coronavirus pandemic.

Traders estimate the lost demand could be as high as 35 million barrels a day.

And so far, there is no sign of any movement toward a truce in the ground war. Saudi Arabia is ramping up exports, as it promised to do.

But diplomatically the picture is more nuanced.

For several days, Saudi Arabia was wrong-footed by Russia, as Moscow sounded open to talks and blamed the price collapse on the kingdom.

Now, by saying it’s ready to cut, the kingdom has put the onus on Moscow, forcing the Kremlin to reverse their opposition to cuts, or be blamed -- by Trump among others -- for the damage.

Oil Jumps

Brent crude, which jumped more than 40% on Thursday after Trump’s announcement before paring gains, rose 11% on Friday. It’s still down 50% this year as the virus fight grounds planes and shutters huge swaths of the global economy.

In some corners of the market, physical prices have gone negative and some producers are expected to start suspending output as there’s not enough space to store the excess crude.

Tankers have filled up fast as ships are being used as storage rather than transport.

Oil-producing nations around the world are feeling the pain of the price war, which started a month ago after Russia refused to take part in deeper cuts, saying it would only extend the previous deal.

Saudi Arabia aggressively discounted its crude days later, in a move to seize customers from Russia’s traditional markets.

Shale producers in the US are struggling and national finances are under pressure. Russia, for example, is now expecting oil prices at US$20 a barrel this year and will ramp up borrowing to make up for a budget shortfall.

Saudi Arabia will also have to make deep budget cuts as oil accounts for the vast majority of its revenue.

The kingdom’s next move in the price war could come as soon as Sunday, when it sets official prices for its crude exports. The operation could be postponed, however -- as it was last month -- to avoid prejudicing the Monday meeting.

Washington’s Options

Trump will meet on Friday oil executives, who are battling among themselves as to what the administration should do.

The White House has considered tariffs on foreign oil imports to protect US producers, though the idea is opposed by some top Trump advisers led by Larry Kudlow, the director of the National Economic Council, according to people familiar with the matter.

The idea of a US production cut, probably executed by capping exports, is also on the table at the White House, though many oil industry representatives have warned that the approach would cause the US to cede the very "energy dominance” Trump has repeatedly celebrated.

Trump said on Thursday he expected a deal -- but made no mention of any role for the US.

"It would be great for Russia, it would be great for Saudi Arabia -- I hope they make that deal but that’s what they told me,” he said. "Can something happen where it doesn’t happen? I guess? In which case there’s another alternative, but I’d rather not see the other alternative.”

In his tweet, Trump said he had spoken to Crown Prince Mohammad bin Salman, who had in turn spoken with Putin. But a Kremlin spokesman, Dmitry Peskov, said the conversation hadn’t happened and that no production cut had been agreed to with the Saudis.

Russia hasn’t yet confirmed its attendance at the OPEC+ meeting. But Russia has long said it’s open to talks, and the industry may find itself forced into production cuts anyway because of the slump in demand, potentially bolstering the case for a coordinated response.

Posted by Junichiro > 2020-04-04 09:52 | Report Abuse

The White House has considered tariffs on foreign oil imports to protect US producers, though the idea is opposed by some top Trump advisers led by Larry Kudlow, the director of the National Economic Council, according to people familiar with the matter.

Opec can just price their oil in JPY, bringing the Petro-Dollar to an end.

Posted by ivanlau > 2020-04-06 20:46 | Report Abuse

Due to crack spread, foresee coming Qr result will be very very bad , beware...........

Posted by mamatede > 2020-04-17 09:22 | Report Abuse

That crash from RM5 to RM2.5 should priced in those weak crack and price.

Posted by Alex™ > 2020-04-20 19:43 | Report Abuse

Oil left 12.5

Posted by ochai > 2020-04-20 19:47 | Report Abuse

walaowey..12.5 must be crazy!! petronm jump klcc tower tomoro... can slowly collect woo...

Posted by gsi723 > 2020-04-20 22:51 | Report Abuse

what's oil price impact to petron?

Posted by RedEagle > 2020-04-20 23:31 | Report Abuse

No impact..act as normal human being..

Posted by Alex™ > 2020-04-21 08:44 | Report Abuse

Oil become 0.05

Posted by chtan33 > 2020-04-21 19:29 | Report Abuse

What is super cheap crude oil mean to petron? Low cost?

Posted by mamatede > 2020-04-22 14:55 | Report Abuse

people pay petronm to refine now. haha jk

Posted by aaabbbccc > 2020-04-23 21:48 | Report Abuse

now is cheap.. buy now .. dy 11% !!

Posted by char1234 > 2020-04-23 22:03 | Report Abuse

oil price will go much cheaper ... worst yet to come .... the winner will be the one who buys almost at the bottom

Posted by char1234 > 2020-04-23 22:03 | Report Abuse

when ??

Posted by char1234 > 2020-04-23 22:05 | Report Abuse

people will forget about price of petrol...soooo cheap ....stock for oil sooooo low

Posted by char1234 > 2020-04-23 22:05 | Report Abuse

no demand ..

Posted by char1234 > 2020-04-23 22:05 | Report Abuse

scary isn't it ??

Posted by pandarian > 2020-04-27 11:57 | Report Abuse

yes if blent oil cheap is beneficial to petron M but at the same time what is their inventory lost? sure they keep a high inventory before the blent oil drop, Plus the demand of fuel is less as affected them the most will be transportation part is consuming about 44% of fuel compared to flight and shipping 21%...At MCO just look at the car on the road at least reduced by 70% than normal condition. So the price might further dropping

Posted by mamatede > 2020-04-27 15:13 | Report Abuse

when people scare, sure sell lar... This demand will recover de, you think Malaysia got electric car liao ah?

Posted by kahhoeng > 2020-04-28 20:25 | Report Abuse

err... inventory is not an issue, bigger issue is low demand for jet fuel, gasoline, and diesel until coronavirus pandemic is addressed...

Posted by mamatede > 2020-04-30 10:44 | Report Abuse

counter suspended?

Posted by Asia88 > 2020-04-30 14:02 | Report Abuse

mamatede counter suspended?<< yes, pending announcement on annual report. But only suspended for 1 hour.

Posted by mamatede > 2020-04-30 14:47 | Report Abuse

yes. dividend announcement.

Posted by ivanlau > 2020-04-30 20:08 | Report Abuse

dividend drop...... no good sign ......

Posted by mamatede > 2020-05-01 13:44 | Report Abuse

https://www.theedgemarkets.com/article/govt-eases-economic-and-social-lockdown-substantially-except-few-activities

Chiong ah.

@ivanlau, Q1 is certainly gonna be tough. However, buying stocks is always buying for the future. Currently with the subsiding of MCO, all this gonna drive up demand and slowly it will be better in Q2 or Q3. But for certain things is going back to normal and price naturally will slowly go back to normal.

Posted by apple168 > 2020-05-01 15:55 | Report Abuse

https://www.thestar.com.my/business/business-news/2020/05/01/shell-cuts-dividend-for-first-time-since-world-war-ii