Posted by apple168 > 2021-01-01 08:40 | Report Abuse

Pang72 is here.
Hold tight, PetronM will rocket up!

Posted by Sslee > 2021-01-01 08:56 | Report Abuse

As long as no sudden drop in crude oil price and crack spread can stay above USD 3/Barrel. Petronm will be a very profitable company with dividend paying.

Wish all a bullish year 2021

Posted by Bgt 9963 > 2021-01-01 09:14 | Report Abuse

Welcome 2021...happy new year...ong ah..heng ah.. huat ah...

Posted by pang72 > 2021-01-01 10:38 | Report Abuse

Sslee As long as no sudden drop in crude oil price and crack spread can stay above USD 3/Barrel. Petronm will be a very profitable company with dividend paying.

Wish all a bullish year 2021
01/01/2021 8:56 AM

THANK YOU SIFU..
I HOLD MOSTLY HENGYUAN THEN PETRONM., HOWEVER BOTH WILL BE VERY PROFITABLE.
WISH EVERYONE EARN A LOT ON HRC N PETRONM YEAR 2021!

Posted by Dartmaster > 2021-01-01 12:10 | Report Abuse

huat ah!!

Posted by up2up > 2021-01-01 16:46 | Report Abuse

https://www.fuelsandlubes.com/petron-malaysia-announces-planned-expansion-at-port-dickson-refinery/

Posted by limkokthye > 2021-01-02 07:17 | Report Abuse

Petrol up 4 Sen again this week

Posted by apple168 > 2021-01-04 15:53 | Report Abuse

Huat ah... Oil price moving north! H9e...

Posted by apple168 > 2021-01-04 16:25 | Report Abuse

Oil price is USD 53 per barrel!

Posted by SuperPanda > 2021-01-05 20:49 | Report Abuse

if you have time, pls check with expert in refinery or do more research on refinery operation and mgmt strategy

apart from crack spread (the different in input cost and output price at a specific given time), refinery are capped between 3 variables

1-crude oil (input)
2-crack spread (margin)
3-refined product sell price (output)

in msia the refined product selling price is define by the gov, so retailer cant do much abt it

but as long as the selling price is uptrend, means refinery can sell holding stock at higher price (the holding period differ from 2wks to many)

as for crude oil, if mgmt thinks that the price will be traded higher in the future, mgmt will usually buy the crude futures to lock in the low price, so by the time crude hit high price, the can use the low price crude to refine and keep profit margin afloat (when c.spread is -ve)

at the same time, mgmt will buy crack spread futures if the price is currently low (-ve side) with the thinking that when crude price go higher in coming months, crack spread futures will turn to +ve

at this point, when the time comes, where refiner to cash out the futures contract they already bought, they can utilise the low crude cost to refine and sell the crack spread futures when its +ve, both ways they make money

and while both way make money, the uptrend in retail price will still keep the current crude & crack spread margin +ve

conclusion, being in refinery business is not only abt the crack spread margin, its abt the mgmt approach to lock profit in the futures market world, between crude, crack and refined prices.

_____________
Sslee As long as no sudden drop in crude oil price and crack spread can stay above USD 3/Barrel. Petronm will be a very profitable company with dividend paying.

Wish all a bullish year 2021
01/01/2021 8:56 AM

Posted by apple168 > 2021-01-05 22:05 | Report Abuse

https://rojakdaily.com/lifestyle/article/11374/5-reasons-why-petron-s-ron100-fuel-should-be-your-go-to-petrol?

Posted by SuperPanda > 2021-01-06 10:59 | Report Abuse

yday bought and today continue collect.. sell sell

Posted by limkokthye > 2021-01-06 11:05 | Report Abuse

https://www.hmetro.com.my/utama/2020/06/588070/tiada-lagi-harga-siling-petrol-diesel

Posted by limkokthye > 2021-01-06 11:06 | Report Abuse

imagine if petrol price up 100usd/barrel , how much we have to pay for 1 litter

Posted by SuperPanda > 2021-01-06 11:11 | Report Abuse

thats why we should hedging oil gas counter related esp refinery when we expecting more profit from their business

we pay more at the pump, we earn at the counter

Posted by apple168 > 2021-01-06 12:26 | Report Abuse

Good thought, SuperPanda! Thumbs-up!

Posted by apple168 > 2021-01-06 12:27 | Report Abuse

Oil price up is extremely good news for Petronas, to pay more dividends to Malaysia government, hope can use the money to spend more on infrastructure development in Malaysia.

Posted by limkokthye > 2021-01-06 14:51 | Report Abuse

klci weak

Posted by apple168 > 2021-01-06 16:41 | Report Abuse

Not throwing cheap tickets anymore... we patiently waiting... haha...

Posted by Blackstorm > 2021-01-06 16:53 | Report Abuse

I bought some petron sold hrc

Posted by SuperPanda > 2021-01-06 19:09 | Report Abuse

political issue, umno wants to pull out from gov, damn politician

Posted by apple168 > 2021-01-07 06:04 | Report Abuse

Oil is super Bullish as per expectations!
Brent oil USD 54.19 (+1.10%)
Huat ah!
PetronM, see you with opening price of above 5 and beyond!

Posted by williamtkb > 2021-01-07 06:31 | Report Abuse

Political unstable again. Be careful if you chasing high. I also hope can have Rm6 and above to cash out some.

Posted by apple168 > 2021-01-07 11:02 | Report Abuse

Oil price selling at USD 54.6... huat ah... more to come... soon will reach USD 60+...

Posted by Blackstorm > 2021-01-07 11:48 | Report Abuse

Go go go petron

Posted by SuperPanda > 2021-01-07 11:49 | Report Abuse

next qtr another big profit, all variables very bullish

- crude bought at lower price
- crack spread margin +ve
- retail price high and higher

but now market bearish, price drop, its time to collect not to sell

when the sector is bullish, you should buy and hold and only sell at strenght

Posted by apple168 > 2021-01-07 12:04 | Report Abuse

Bingo! Bullish on oil sector... short term, mid term, long term!

Posted by apple168 > 2021-01-07 12:05 | Report Abuse

Those who sell low, will help us chase the price up later... cheers!

Posted by apple168 > 2021-01-07 12:35 | Report Abuse

Who know PetronM might be up 0.5 to 1.00 soon? Hot money hv no where to go, perhaps pile up in oil sectors, safest bet...

Posted by SuperPanda > 2021-01-07 13:24 | Report Abuse

easily back to 5.40 next week

Posted by Blackstorm > 2021-01-07 15:06 | Report Abuse

Uppp

Posted by apple168 > 2021-01-07 15:15 | Report Abuse

Brent Oil breaking USD 55 per barrel soon... huat ah

Posted by limkokthye > 2021-01-07 15:35 | Report Abuse

now gow no ceiling price , free flow the oil price

Posted by Dartmaster > 2021-01-07 16:22 | Report Abuse

yup just buy bah . but careful of mco might be announce today

Posted by limkokthye > 2021-01-07 18:26 | Report Abuse

bad market sentimen

Posted by treasurehunt > 2021-01-07 19:17 | Report Abuse

Business is relying on crack spreed is not different with gloves enjoying windfall profit. Nothing to be proud of.

Posted by SuperPanda > 2021-01-08 00:54 | Report Abuse

its an ignorance thinking that refinery only depending on crack spread margin

you must be beginner in refinery

Posted by apple168 > 2021-01-08 09:04 | Report Abuse

US President is finalized! Hurray! Big boys will eat the low price tickets and enjoy the bull market in the late year....

Posted by apple168 > 2021-01-08 09:05 | Report Abuse

Crack spread price still moving up as for now...

Posted by up2up > 2021-01-08 11:01 | Report Abuse

Bottom up

Posted by limkokthye > 2021-01-08 15:15 | Report Abuse

panic sell panic sell

Posted by sheldon > 2021-01-08 16:12 | Report Abuse

Any intelligent guesses as to whether this quarter ending Dec 2020 will show a profit or loss? Also approximately how much?

A) Loss

B) Profit 1-50m

C) Profit 51 - 100m

D) Profit > 100m

Come on, let's play this game & tally the votes.

Posted by ZStrader > 2021-01-08 16:23 | Report Abuse

bought some 461

Posted by EngineeringProfit > 2021-01-08 16:25 | Report Abuse

No profits wpuld be reported because ceo and workers will get 10 months bonus each

Posted by ZStrader > 2021-01-08 16:41 | Report Abuse

up edy... lucky

Posted by apple168 > 2021-01-09 07:16 | Report Abuse

Oil price is going higher and higher, breaking USD 56 per barrel, soon will reach USD 60. Remember we only earn if we buy low, and sell high! Be greedy when others are fearful at the right counter!

Posted by gemfinder > 2021-01-09 08:23 | Report Abuse

Mon buy

Posted by SuperPanda > 2021-01-09 09:24 | Report Abuse

im buying all the way down and happy for the discount, collect HY too

compare to HY, Petronm can give >20c div this year ! hooray

if have 200 lots x .20 = 4k div this year

if ave 5.0 and by end year rm8 (history may repeat itself), 200 lots x rm3 capital earnings = 60k profits !

Posted by limkokthye > 2021-01-09 10:51 | Report Abuse

stuck at 5.80 wtf

Posted by SuperPanda > 2021-01-09 12:04 | Report Abuse

future value worth more than 5.80, you need to trust yourself to hold or ave down