Posted by supersinginvestor > 2022-07-18 15:46 | Report Abuse

How come here so silent..where everyone....

Posted by hng33 > 2022-07-18 15:47 | Report Abuse

bought back petronM at 4.52-4.56

Posted by supersinginvestor > 2022-07-18 15:48 | Report Abuse

U again hg33..
Lucky u bought..
Good

Posted by supersinginvestor > 2022-07-18 15:48 | Report Abuse

At least someone here...

Posted by searchingmoney > 2022-07-18 19:35 | Report Abuse

pang72, lu lupa tu Jeri Shark yang datang out of blue to pay last respect...

Posted by AzlanIshtiqal > 2022-07-18 20:41 | Report Abuse

Bagus. Mula naik sebelum keputusan Q2 keluar. Nampaknya keputusan Q2 akan diisytiharkan cemerlang bulan depan

Posted by hng33 > 2022-07-19 09:41 | Report Abuse

sold back at 4.74-4.75, locked profit.

Posted by searchingmoney > 2022-07-19 09:42 | Report Abuse

mayb GE15 mau mari...

Posted by Star8888 > 2022-07-19 10:15 | Report Abuse

Crack spread drop 20% now. Sell Heng Yuan and Petronm.
https://www.tradingview.com/symbols/NYMEX-D1N1%21/

Posted by hng33 > 2022-07-19 10:51 | Report Abuse

Yup, crack spread down significantly, back to normal. Continue monitor Petronm price, buy on weakness, sell on strength to lock profit for recurring

Posted by searchingmoney > 2022-07-19 10:57 | Report Abuse

Pang72, Best is observe the situation by yourself. You are your best lecturer...

Posted by cedcan > 2022-07-19 13:39 | Report Abuse

Buy back nowwww

Posted by AzlanIshtiqal > 2022-07-19 20:51 | Report Abuse

masih pegang dan tunggu keputusan Q2 yg cemerlang

Posted by 888STOCK888 > 2022-07-20 09:07 | Report Abuse

SIALANG!!! =D

Posted by investor2021trading > 2022-07-20 14:14 | Report Abuse

Voices: Russia is about to play its most dangerous cards and the west is not ready.

A few weeks ago, the US bank JP Morgan offered an apocalyptic warning that barely made a ripple outside the financial press. It said that if Russia completely halted oil exports, the shock to the world economy could be so large it would instantly quadruple the price of oil to nearly $400 a barrel. Right now, it’s hovering at around $100 a barrel.

Since the world is still heavily reliant on oil, the shock to the world economy would be far worse than during the 1970s and plunge us into a deep recession.

Posted by Plato99 > 2022-07-20 17:49 | Report Abuse

Any contra player still around?

Bought 4.33. Sold 4.83. TQ for the 11.5% contra.

Posted by AzlanIshtiqal > 2022-07-20 20:00 | Report Abuse

Bagus. Permintaan minyak masih tinggi buat sementara. Harga RON 97 jatuh ke RM4.65 btw

Posted by cedcan > 2022-07-21 09:45 | Report Abuse

I see green I buy! Huaat ahhh

Posted by investor2021trading > 2022-07-21 22:24 | Report Abuse

lower crack spread is due to govt interference to fight rising inflation so as to bring down d price of car fuels n gas to help d consumers! these can b in d form of subsidy (govt commitment/moves to absorb d difference of product cost n selling/pump cost ), fuel tax cut (lower taxable profit on oil & gas companies) n pushing d oil n gas companies to increase production to meet supply n demand of crude! the sanctions on Russia's oil n gas has resulted in high shortages of oil n gas globally especially in EU countries! the increasing oil n gas production has helped to control d rising prices of these products but a lower crude price do help d refiners on their profit margins of crack spreads!

so, a lower crack spread has slightly impacted d profit of refiners but current crack spread is still at all time high! these r reflected in their higher revenue n profit report!

Posted by hng33 > 2022-07-22 11:19 | Report Abuse

Wait for next month crack spread level, future indicate crack spread will further tumble by another 50% from USD12 now to USD 8.

Next Q result will be good as it capture high crack spread USD 25 in Q2, but, what next Q is fall cliff

Posted by Sslee > 2022-07-22 12:00 | Report Abuse

In term of profitability vis-a vis crack spread :
Petron's NPAT :
Q12022 - RM106.4 mil ,
2021 - RM238.5 mil ,
2020 - (13.3 mil)
Avg crack spread :
Q12022 - about USD14 ,
2021 -about USD7.78 ,
2020 -aboutUSD1.44

The month end crack spread figures are as below (in the order Jan to Dec) :
FY2020: 5.99, 4.91, (5.22), (3.35), (0.91), 2.36, (1.00) , 1.77, 4.54, 2.82, 1.51, 3.92 (Avg 1.44)
FY2021: 3.51, 6.39, 7.05, 7.34, 5.82, 7.08, 9.71, 7.56, 7.61, 12.83, 7.28, 11.21 (Avg 7.78)
FY2022: 12.42, 13.33, 14.85, 21.01, 26.69, 27.26

Posted by Sslee > 2022-07-22 12:07 | Report Abuse

SINGAPORE GASOIL (PLATTS) DUBAI (PLATTS) CRACK SPREAD FUTURES - QUOTES

Month Prior; Settle
JUL 2022; GDLN2: 47.961
AUG 2022; GDLQ2: 50.365
SEP 2022; GDLU2: 50.937

Posted by Sslee > 2022-07-22 12:17 | Report Abuse

I am hoping crude will drop to USD80 and spread maintain at abt USD 20 to avoid high enegy cost.

So far this year hurricane session had not yet as bad as predicted but come Aug who know what will happen in gulf of mexico.

Posted by nicholas99 > 2022-07-22 12:44 | Report Abuse

run crack spread dropped

Posted by AzlanIshtiqal > 2022-07-22 21:10 | Report Abuse

Cantik. Harga saham naik dan tak ikut harga refinery crack spread sekarang

Posted by investor2021trading > 2022-07-22 22:31 | Report Abuse

as long as inflation persist, d petroleum n gasoline refineries will make huge profits!

crack spread price will always b subjected to intervention by govt (by ways of subsidies, tax cut/rebate to refiners, lowering price of crude oil, etc.) to help d consumers facing hardship during d high inflationary period.

Posted by investor2021trading > 2022-07-24 09:22 | Report Abuse

Gas prices often move like "rockets and feathers," meaning they shoot higher and sink slowly.

Just don't expect prices to fall as quickly as they rose. Gasoline is perhaps the best example of asymmetric pricing in the real world, a term that's more casually known as "rockets and feathers." The dynamic is used to describe how prices can soar higher like rockets but decline with the urgency of a falling feather. And although it's unclear what exactly is behind the trend, various signs point to "greedflation."

Posted by hng33 > 2022-07-25 08:01 | Report Abuse

Caution! crack spread now at USD10, future next month indicate further tumbling to USD 7!

Posted by NatsukoMishima > 2022-07-25 13:27 | Report Abuse

WTI will head to usd 8x , USA will do everything to press the oil price by creating great recession , petrnm rm 2.xx coming !

Posted by NatsukoMishima > 2022-07-25 13:30 | Report Abuse

Prepare for 90 degree plunge !

Posted by AzlanIshtiqal > 2022-07-25 20:21 | Report Abuse

Masih pegeng dan tunggu Q2 keputusan keluar

Posted by Jerichomy > 2022-07-25 20:53 |

Post removed.Why?

Posted by Jerichomy > 2022-07-26 15:14 |

Post removed.Why?

Posted by Jerichomy > 2022-07-26 15:16 |

Post removed.Why?

Posted by Jerichomy > 2022-07-26 15:19 |

Post removed.Why?

Posted by Jerichomy > 2022-07-26 15:20 |

Post removed.Why?

Posted by Jerichomy > 2022-07-26 15:27 |

Post removed.Why?

Posted by Jerichomy > 2022-07-26 17:22 |

Post removed.Why?

Posted by AzlanIshtiqal > 2022-07-26 21:04 | Report Abuse

Terus memantau dan tunggu Q2 keputusan dipaparkan

Posted by Jerichomy > 2022-07-27 08:18 |

Post removed.Why?

Posted by Sslee > 2022-07-27 08:29 | Report Abuse

D1N1!
SINGAPORE MOGAS 92 UNLEADED (PLATTS) BRENT CRACK SPREAD FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT)NYMEX
11.650
D
USD
+0.448
(+4.00%)
MARKET OPEN

Jerichomy
Haha crack spread below rm9 gogo???
Siapa yang bohong?
Itu baru saja crack spread untuk mogas 92 . Tahu apakah crack spread diesel?

SINGAPORE GASOIL (PLATTS) DUBAI (PLATTS) CRACK SPREAD FUTURES - QUOTES
VENUE:GLOBEX
AUTO-REFRESH IS OFF
Last Updated 26 Jul 2022 07:26:34 PM CT.

Month Prior; Settle
JUL 2022; GDLN2 43.237
AUG 2022; GDLQ2 41.316
SEP 2022; GDLU2 42.691

Posted by Sslee > 2022-07-27 08:31 | Report Abuse

Energy Price Day %
Brent
USD/Bbl
104.830 0.23 0.22%
Coal
USD/T
414.00 3.75 0.91%
Crude Oil
USD/Bbl
95.650 0.51 0.54%
Ethanol
USD/Gal
2.5150 0.0100 0.40%
Gasoline
USD/Gal
3.3606 0.0123 0.37%

Posted by Sslee > 2022-07-27 08:35 | Report Abuse

Gasoline
USD/Gal
3.3606 0.0123 0.37%

1 barrel is equal to 42 gallon
Hence gasoline USD 3.3606 x 42 = USD 141.15 per barrel

Posted by mf > 2022-07-27 08:40 | Report Abuse

Dow Jones

Dow Jones Industrial Average

31,761.54

-228.50

0.71%

Nasdaq

NASDAQ Composite

11,562.57

-220.09

1.86%

Posted by Sslee > 2022-07-27 08:44 | Report Abuse

Malaysia Ron97 RM 4.65 per litre
Equal RM 4.65x 159 = RM 738.35 per barrel.
USD MYR 4.46
Equal USD 738.35/4.46 = USD 165.77 per barrel.

Posted by nicholas99 > 2022-07-27 08:45 | Report Abuse

i just worry.. back end the government pressed hengyuan and petronm margin. so that, they no need subsidy so much.

Posted by nicholas99 > 2022-07-27 08:48 | Report Abuse

govern can say-- if i pull subsidy now, your price went up. in return, your sales of oil will drop. because its too expensive to travel by car. so, you must give me some discount so that i can keep the subsidy on. haha

and by the way, they are stopping the subsidy soon.. for T2 and M4 maybe.

Posted by i3lurker > 2022-07-27 08:48 |

Post removed.Why?

Posted by nicholas99 > 2022-07-27 08:49 | Report Abuse

oo.. Ron92 coming back now? woohoo..

Posted by i3lurker > 2022-07-27 09:01 | Report Abuse

essentially those Corruption Monkey Gang needed RON95 for their Bentleys, Porsches, Lamborghinis, Maseratis, Astons etc etc.

can see how US stuck with RON88 coz market forces selected RON88 as most appropriate.
Using RON88 maintenance costs for petrol engines are lower and end of life for engines are much longer.