I'll be at the AGM. I'll ask them ask them difficult questions that they won't be able to answer. Let them sweat it out for the pay they're getting hehe.
Sslee Anyone going to Petronm AGM tomorrow? Date: 16 June Time 14:00 Type General: AGM MeetingVenue: Ballroom, Pullman Kuala Lumpur Bangsar,No. 1, Jalan Pantai Jaya,,Tower 3,,59200 Kuala Lumpur.,MY
Double top is formed? Whatever comes up must come down especially surrounding with the bad sentiments. Plantation was the latest example no matter how people said land is limited for planting....all sort of good fundamental. Bla bla bla.
I actually send the below email this morning but not yet receive any reply.
Dear Petronm IR/Company Secretary
Manoj Devadasan,
Good morning and my thousand apologies for not being able to physically attend Petronm’s 63th AGM yesterday due to work commitments.
How was yesterday's AGM? Hope it runs well.
I guess many attendees were asking the same question on Crack Spread, Derivatives Losses, will high crack spread translate into best ever quarter 2 2022 financial result and beyond..
I am writing this email to sincerely ask if my submitted questions in advance were answered during the AGM? And if answered, will you kindly email to me a copy of the answers to my questions. (Attachment: My two email on questions submit in advance for the upcoming Petronm 63th AGM on 16 June 2022)
By the way, may I know when the AGM minutes will be uploaded to the Petronm website?
What has inflation n Fed raising interest rate got to do with d price of Petronm?
Global Fuel Crisis Likely to Stay Unfixed. Can d fanning inflation not a cause by d unprecedented global shortage of petrol, diesel, gas n jet fuel? Prices for middle distillates have surged in recent weeks. “There is little hope that the undersupply will ease in the near future given strong demand growth and constrained refinery output,” the IEA said. The agency’s forecast for future refining processing is “not sufficient to fully meet middle distillates demand in 2022 or in 2023.”
Is this Good News for Petronm? On Friday, Russia's Deputy Prime Minister Alexander Novak said throughput at the nation’s refineries could fall 10% this year.
Oil Nosedives on Fed Inflation Actions Oil fell the most in three months due to Federal Reserve Chair Jerome Powell doubled down on his determination to curb the hottest inflation in decades with more aggressive rate hikes. For the first time, raising interest rates could result in an economic downturn and could blunt energy consumption. In the long run, supplies still look tight, market participants said.
Large Fire Reported At Shanghai Petrochemical CO Today – According to report, a 304,000 bpd refinery is on fire in China in the early hours of Saturday morning. The fire broke out at 4:28am June 17, 2022 at a chemical plant of Sinopec Shanghai Petrochemical Co LTD in Shanghai‘s Jinshan District.
Dozens of emergency were called to the scene after the fire broke out. Evacuations is currently underway at the facility in the the Jinshan District, the fire department reportedly said.
High oil prices are mainly supported by unlimited QE and zero interest rate. In the absence of 2 crucial factors, it would certainly drop back to the pre-Covid level.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Sslee
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Posted by Sslee > 2022-06-15 14:22 | Report Abuse
No worries there will be another crack spread 3.0. RM XX.XX