Posted by Johnzhang > 2022-05-17 16:47 | Report Abuse

PetronM is fast catching up to Hengyuan

Posted by supersinginvestor > 2022-05-17 18:07 | Report Abuse

Luki i sold the shiitt tenaga n bought this....

Posted by supersinginvestor > 2022-05-17 21:24 | Report Abuse

Apple168 is a freak....
Watch out for him. Do the opposite he does can make big bucks...

Posted by subwayzzz > 2022-05-17 23:44 | Report Abuse

Nobody give a shyt about him anyway.
Just go with the flow and you won’t be wrong.
He may sound he controls a multi billion fund but his calls are all going against him. Pity his investors having to bear the loss as a result of his dumbness.

Posted by Johnzhang > 2022-05-18 07:53 | Report Abuse

PetronM at yesterday closing $6.71 still a very good buy !

Posted by subwayzzz > 2022-05-18 08:29 | Report Abuse

yes
ini kalila!

Posted by Cakes Moon > 2022-05-18 10:09 | Report Abuse

RM7!!!

Posted by sheldon > 2022-05-18 10:36 | Report Abuse

Time to open my Dom Perignon 1959 vintage!

Posted by nickinvests > 2022-05-18 11:15 | Report Abuse

Good blog. gogogo hengyuan n petronm

https://klse.i3investor.com/web/blog/detail/stockideas/2022-05-17-story-h1623274690-HENGYUAN_PETRONM_Latest_Crack_Spreads_remains_at_very_high_levels

Posted by supersinginvestor > 2022-05-18 12:53 | Report Abuse

@sheldon
Thot u so negative about petronm
Wat happened?
Lol

Posted by supersinginvestor > 2022-05-18 12:54 | Report Abuse

My average is rm4.8...
Still i not happy worr...
Will sell at rm20..

Posted by hng33 > 2022-05-18 13:16 | Report Abuse

There are four main reasons behind the explosion in refining margins.

1. First, demand — particularly for diesel — has rebounded strongly, depleting global inventories. In some markets, like the US East Coast, diesel stocks have fallen to a 30-year low.

Despite rising prices and fears of an economic slowdown later this year, oil executive say they see strong consumption for now. “Demand is not that easily destroyed,” Shell plc CEO Ben van Beurden told investors last week.

2. Second, the US and its allies have tapped their strategic petroleum reserves to cap the rally in oil prices. That has provided extra crude, which has put a lid on WTI prices, but it hasn’t addressed the tightness in refined products. Only a small fraction of the emergency release is in the form of refined products, and only in Europe.

Posted by hng33 > 2022-05-18 13:17 | Report Abuse

3. Third, and perhaps most importantly, refining capacity has declined where it matters for the market now, and the plants that are operating are struggling to process enough crude to satisfy the demand for fuel. Martijn Rats, an oil analyst at Morgan Stanley, estimates that outside China and the Middle East, oil distillation capacity fell by 1.9 million barrels a day from the end of 2019 to today — that’s the largest decline in 30 years.

The downward trend started well before the pandemic hit, as old Western refineries struggled to compete, environmental regulations increased costs and the unfounded fear of peak oil demand amid the energy transition prompted some companies to close plants. The fuel-demand collapse triggered by Covid-19 only turbo-charged the trend, resulting in dozens of refinery operations shutting down for good in Europe and the US in 2020 and 2021. New capacity has emerged in China. However, Beijing tightly controls how much fuel its refiners can export so that capacity is effectively out of reach of the global market.

Posted by hng33 > 2022-05-18 13:17 | Report Abuse

4. Fourth, are the sanctions and unilateral embargos — also known as self-sanctions — on Russian oil. Before the invasion of Ukraine, Russia was a major exporter not just of crude, but also of diesel and semi-processed oil that Western refiners turned into fuel. Europe, in particular, relied on Russian refineries for a significant chunk of its diesel imports. The flow has now dried.

Europe not only needs to find extra crude to produce the diesel and other fuels it’s not buying from Russia, but,

crucially, it needs the refining capacity to do so, too. It’s a double blow. Oil traders estimate that Russia has shut down 1.3 million to 1.5 million barrels a day of refining capacity as result of the self-sanctions.

Who’s benefitting? The pure-play oil refiners, which are quietly enjoying record-high profit margins. While OPEC and Big Oil get the blame, independent refiners are cashing-in. The sky-high crack margins explains why the share prices of US refining giants Marathon Petroleum Corp and Valero Energy Corp have surged to all-time highs. The longer the refiners make super-profits, the harder the energy shock will hit the economy.

Posted by param1 > 2022-05-18 15:13 | Report Abuse

arise my dark knight arise ! show them all who you really are!

Posted by sheldon > 2022-05-18 15:30 | Report Abuse

supersinginvestor
@sheldon
Thot u so negative about petronm
Wat happened?
Lol

I was justified with shares trading at single digit PEs, low dividends & several other real or imagined issues, some of which I had raised with our watchdog. But money talks and all's forgotten when the share price skyrockets. Now we smoke peace pipe.

Posted by Ravi Kumar > 2022-05-18 17:01 | Report Abuse

Time for Petron to close the gap

Posted by supersinginvestor > 2022-05-18 18:32 | Report Abuse

@sheldon
At least be gentleman n say sori lerr..
After all i did spend my time on u telling u the good stuff....

Posted by Goldberg > 2022-05-18 19:45 | Report Abuse

JP Morgan forecasts “higher for longer” refining margins

May 17, 2022

https://currencytrader.review/jp-morgan-forecasts-higher-for-longer-re...

Posted by sheldon > 2022-05-18 21:57 | Report Abuse

Tq for your time & efforts supersinginvestor.

Posted by Karma4444 > 2022-05-19 08:11 | Report Abuse

Today sure big lao sai

Posted by supersinginvestor > 2022-05-19 08:19 | Report Abuse

Welcome bro sheldon

Posted by mf > 2022-05-19 08:29 | Report Abuse

Dow Jones

Dow Jones Industrial Average

31,490.07

-1,164.52

3.56%

Nasdaq

NASDAQ Composite

11,418.15

-566.36

4.72%

Posted by supersinginvestor > 2022-05-19 09:23 | Report Abuse

Dumped the rest...ALL IN PETRONM AMD HENGYUAN

Posted by supersinginvestor > 2022-05-19 09:23 | Report Abuse

Trust in hengyuan and petronm

Huat ah

Posted by Johnzhang > 2022-05-19 09:43 | Report Abuse

With KYY and his supporters loading up PetronM, it’s share price may soon overtake HRC. KYY can not eat his humble pie following his mistaken comment on HRC recently.

Posted by Diamond7 > 2022-05-19 10:08 | Report Abuse

In a sea of red,
Petronm shines!

Good fundamentals!
Good dividend coming!
Excellent earnings n quarterly report!

Posted by marzuq > 2022-05-19 10:19 | Report Abuse

bull until when?

Posted by supersinginvestor > 2022-05-19 10:42 | Report Abuse

Rally just started u ask till when ah..
Lol...

Posted by sheldon > 2022-05-19 11:00 | Report Abuse

At current prices, Petron still appears seriously undervalued in comparison with similar stocks. Why?

PE are as follows : Petron = 8.145; Heng Yuan = 26.9; Pet Dag = 39.437

Posted by Cakes Moon > 2022-05-19 11:07 | Report Abuse

Wow!
Petron coming results in 2022 should be stella.
20 cents dividend, yummy.

Posted by mf > 2022-05-19 11:22 | Report Abuse

ready

Posted by supersinginvestor > 2022-05-19 11:35 | Report Abuse

Huat ah ong ah huat ah
Limit up lai lai

Posted by Goldberg > 2022-05-19 11:37 | Report Abuse

Petron offers fantastic value compared to its peers.

Posted by sheldon > May 19, 2022 11:00 AM | Report Abuse

At current prices, Petron still appears seriously undervalued in comparison with similar stocks. Why?

PE are as follows : Petron = 8.145; Heng Yuan = 26.9; Pet Dag = 39.437

Posted by supersinginvestor > 2022-05-19 11:50 | Report Abuse

Age of refiners is here...
Huat ah

Posted by param1 > 2022-05-19 11:52 | Report Abuse

WAAAAA SAAAAA!!!

Posted by troy88 > 2022-05-19 11:54 | Report Abuse

Well done. The once laggard has become a beast!

Posted by param1 > 2022-05-19 12:12 | Report Abuse

today i want to see who is the winner among brothers PET OR AH HENG ....lets see very close race

Posted by sheldon > 2022-05-19 12:18 | Report Abuse

What a ride! WooHoo!

Having said that, I've paid the price for this pleasure - sitting on very large losses for several years

Posted by subwayzzz > 2022-05-19 12:29 | Report Abuse

first time I feel M'sia is not a 3rd world shyt h0l3
thanks M'sia
Proud of you in times like this
MALAYSIA BOLEH

Posted by PandaHuat > 2022-05-19 14:02 | Report Abuse

Buy the call warrant, force the IB to go in cash market too

Posted by GrowthCapitalist > 2022-05-19 15:27 | Report Abuse

Does Singapore has any refinery?

I could know MY - PETRON and Hengyuan
US- MPC, PBF, VLO

The US part one of them break new high!

Posted by subwayzzz > 2022-05-19 15:33 | Report Abuse

singapore has refineries with larger capacity

Posted by GrowthCapitalist > 2022-05-19 15:43 | Report Abuse

what is the name of that refineries ?

Posted by dompeilee > 2022-05-19 15:52 | Report Abuse

Posted by dompeilee > 1 month ago

Bought PetronM @ 4.62 last month. Recommended 2 premium clients since Nov '21.


SOLD 1/7th of my PetronM @ 7.48 today =D

Posted by RWG > 2022-05-19 15:56 | Report Abuse

i buy sinopec hk, jibye sleeping

Posted by subwayzzz > 2022-05-19 15:58 | Report Abuse

shell , chevron

Posted by GrowthCapitalist > 2022-05-19 16:09 | Report Abuse

HK stock has some issue though, thier CNOOC isn't moving as well.

it seems US and MYR market is good. For Ong!

Posted by param1 > 2022-05-19 16:25 | Report Abuse

today race is very close between two brothers the winner will be announced later

Posted by Cakes Moon > 2022-05-19 16:31 | Report Abuse

Pump & dump counter.
Bye~