Posted by Equityengineer > 2017-03-10 10:58 | Report Abuse

DUBAI, March 9 (Reuters) -
** Saudi Energy Minister Khalid al-Falih met with his U.S.
counterpart Rick Perry on Thursday in Washington for talks on
various issues, including international economic and energy
developments, the outlook for global oil markets and bilateral
relations in energy and technology.

** Falih also updated Perry on current and future Saudi
investments in the United States, including this week’s
announcement of the Motiva Enterprises deal. [nL2N1GJ1U8]

** The two pledged to work together and coordinate future
policies for the mutual benefit of both nations and the entire
world.

Posted by wltan22 > 2017-03-10 11:04 | Report Abuse

short term very volatile, more for long term play... don't think Trump will let the shale oil operators die, hope that OPEC and US will come out solution in near future

Posted by Lee Yih Yeong > 2017-03-10 11:07 | Report Abuse

run.....crashing.... crude oil drop

Posted by suregain > 2017-03-10 11:07 | Report Abuse

those who bought petron cb sure crying as maturity date get closer

Posted by Equityengineer > 2017-03-10 11:14 | Report Abuse

Operator have agenda collecting at 5.77

Posted by wltan22 > 2017-03-10 11:15 | Report Abuse

@Goodstock, thanks

Posted by 逍遥子 > 2017-03-10 11:18 | Report Abuse

Only 340K+ shares traded and can push down the share price by 3+% !

That is the problem with low liquidity shares, anyway I got no complaints, if they are willing to push down to the level I think worth buying then I will add more, else I will just sit back and watch this free show.

Good luck

Posted by Joehary Ahmad > 2017-03-10 11:20 | Report Abuse

buying n selling pattern looks weird 5 consecutive 10 lots Sell... than 10lots conseccutive Buy. is this some sort of code or sumthn by 'manipulator'??

Posted by Joehary Ahmad > 2017-03-10 11:21 | Report Abuse

cud it b a signal.. or coincidence?

Posted by Jay > 2017-03-10 11:28 | Report Abuse

shell down, petdag up. how can shell, a pure refining company, fall less than petron?

Posted by lloydlim > 2017-03-10 11:34 | Report Abuse

Pls drop below 5.00

Posted by zoizai > 2017-03-10 11:35 | Report Abuse

Run... sell it to me

Posted by zoizai > 2017-03-10 11:40 | Report Abuse

Throw now. Can buy back later

Posted by suregain > 2017-03-10 11:55 | Report Abuse

6.30 u dun sell? now 5.50 u sell? i think sth not right

Posted by zoizai > 2017-03-10 13:05 | Report Abuse

Yes pls sell it to me.

Posted by Equityengineer > 2017-03-10 13:05 | Report Abuse

It will be back to 6.00 above again ..knee jerk reaction due to crude oil price drop ...

Posted by Lee Yih Yeong > 2017-03-10 13:25 | Report Abuse

sell before too late........

Posted by zoizai > 2017-03-10 13:26 | Report Abuse

Yes pls sell below rm5

Posted by Equityengineer > 2017-03-10 13:39 | Report Abuse

Sorry , not selling to anyone ... just keep .. anyway its so far away from my buying price ..

Posted by LowProfile > 2017-03-10 13:53 | Report Abuse

@Lee Yih Yeong, yes you are right, better sell before too late...

Posted by Lee Yih Yeong > 2017-03-10 14:04 | Report Abuse

when it rise we buy, when is drop we sell... easy as that.

Posted by Equityengineer > 2017-03-10 14:13 | Report Abuse

Yes , that for trading , did that for some shares ... but good company I don't do that. Invest !!! Actually in 2016 already I sold at rm 7.00 and I come in again few days before last QR report ..it's still profitable for me but reduced compare to last week.
10/03/2017 14:10

Posted by suregain > 2017-03-10 15:12 | Report Abuse

yes rebound

Posted by zoizai > 2017-03-10 16:35 | Report Abuse

https://paultan.org/2017/03/10/pdam-now-welcomes-weekly-fuel-price-revisions/

Posted by lloydlim > 2017-03-10 18:28 | Report Abuse

Drop more is good for Petronm

Posted by skyea > 2017-03-11 07:11 | Report Abuse

www.theedgemarkets.com/en/article/buzz-petron-malaysia-seeks-oil-products-june-2017-may-2018

Posted by suregain > 2017-03-11 07:16 | Report Abuse

Oil px down again.. Next mon petron no hope

Posted by Lee Yih Yeong > 2017-03-11 07:48 | Report Abuse

I already give hint that sell before too late, next quarter will earning in -'ve figure.

Posted by 逍遥子 > 2017-03-11 08:02 | Report Abuse

Ha ha ha..... so many expert !!

Good luck.

Posted by suregain > 2017-03-11 10:00 | Report Abuse

Next mon hopefuly can stand above rm5.80

Posted by cheoky > 2017-03-11 11:20 | Report Abuse

It is an more investable company compared last few years la, i guess. Currently price drop due to shale oil production ramp up to Opec production cut. But what is shale oil production breakeven cost? As long as oil price doesn't experience drastic fluctuation per unit time, petronm can cost plus of its products without much worries. Weekly pricing instead of monthly pricing is a boon to petronm to further improve more efficient cost pass through mechanism to end users. Dont know why need to sell, i add a bit. Petronm is on same boat with petronas. petronas is government daddy.

Posted by Equityengineer > 2017-03-11 11:29 | Report Abuse

Petron post positive EPS during low oil session and why do you think it would be now. The problem not with PETON stock its the low floating shares that easily make the price volatile. If you say oil and gas players then it would largely effect them. As per history, the price would doom at certain phase and get back up again... I think those buy above 5.00 would feel tough to earn...

Posted by probability > 2017-03-11 12:26 | Report Abuse

http://www.theedgemarkets.com/en/article/buzz-petron-malaysia-seeks-oil-products-june-2017-may-2018

Based on revenue, approximately 88,000 barrels per day of its refinery throughput is being sold to its own gas stations. This is approximately 1.32 Millions barrels per month to their own gas stations.

If they are seeking additional 350,000 barrels of products (not sure if its 1.05 million like they have said on The Edge)....32 cents per liter for petrol translates to additional RM 17.8 Million gross per month.

I think they are really expanding their retail sections phenomenally.

Posted by probability > 2017-03-11 13:45 | Report Abuse

Perhaps its a smart move - trying to outsource the supplies to its retails section and by giving it to the lowest bidder (which may possibly be selling at lower price than its own refined products - premium grades).

This way...Petron's refinery can sell its premium products (e,g, Euro 5) externally at better market pricing.

Another possible reason is by this way its refinery can fully operate (fill up its capacity) to selectively produce refined products that has higher value addition (better margin) then being burdened to produce refined products grades suitable for its own gas stations (as now they can source externally).

Posted by guomiao > 2017-03-11 14:31 | Report Abuse

I think 100,000-350,000 barrel refers to gasoline 95.
88,000 barrel should be crude oil.

Posted by guomiao > 2017-03-11 14:39 | Report Abuse

for refinery business, rise or decline will post inventory holding gain or loss, but it shouldnt really much affecting the cash flow . looking at Q4 result, though profit is higher but cash from operation almost the same. more cash needed to buy feedstock. same applies when price decline

I think focus on cash flow it can generate and soon it can finish paring down the debts and start pay more dividend. remember San acquire 65% at US$195.3mil @.3.068
and now it's 4.4..it didn't really make much considering the depreciating MYR

Posted by probability > 2017-03-11 15:02 | Report Abuse

miao, 88k bpd of Crude processed at the Refinery translates approximately to the same amount of Finished products at the Gas stations.

The refinery has 2 weeks retention volume of throughput - the stock loss is negligible compared to 12 weeks for Shell.

When Crude price dips...only this 2 weeks buffer crude + the contract batch of Crude booked will result in a loss.. but as long as the Finished products has not resulted with a reduced price immediately (due to MOPS and monthly updates by Government), they will gain by selling the following 2 weeks batch at higher margin (this is the advantage of Petron refinery compared to Shell which has 12 weeks retention').


The retail section which has even lesser retention volume + the price changes which only takes place after a month with a fixed margin 32 and 23 cents, of course never needs to worry on these aspects as they probably book contracts in monthly batches beginning of the month after price confirmations.

Posted by probability > 2017-03-11 15:15 | Report Abuse

If they can sell Diesel at Petrol Margin level i think we can expect a good Q1-17 results and going forward.


https://paultan.org/2016/11/25/petron-launches-euro-5-turbo-diesel-available-at-70-stations-across-peninsular-malaysia-by-end-of-year/

Posted by SSJ4 > 2017-03-11 17:43 | Report Abuse

come on man...crude oil price down is good for downstream business ok
look at samchem pchem and shell they show a good result although depreciate of crude oil price.
skpetrol umwog knm rugi wang because they are upstream business..that's the different

Posted by isano > 2017-03-11 19:38 | Report Abuse

賺或虧我就不懂，有一點可以肯定的是：少付買原料的錢.

Posted by zhangliang > 2017-03-11 23:42 | Report Abuse

wake up man... u can do better than that PetronM!

Posted by bluelight > 2017-03-12 10:33 | Report Abuse

Hope management can propose bonus or split to support the share price

Posted by oldmanorangtua > 2017-03-12 10:44 | Report Abuse

orangtua guo tak berani beli buat sekarang kerana the value of inventory will be diluted loh .....go to check its inventory level lah ....very high level loh

Posted by probability > 2017-03-12 11:21 | Report Abuse

complete information on the effects of crude price dip - exactly as i had mentioned earlier on Mar 11, 3.02 pm above:


http://www.thestar.com.my/business/business-news/2015/12/12/petron-to-gain-from-highly-volatile-crude-oil-prices/

Posted by LA777 > 2017-03-12 16:15 | Report Abuse

Will add more tomorrow.

Posted by sheldon > 2017-03-12 16:51 | Report Abuse

probability complete information on the effects of crude price dip - exactly as i had mentioned earlier on Mar 11, 3.02 pm above:

- You're spot on probability! TQVM for your clear articulation.

Posted by suregain > 2017-03-12 18:40 | Report Abuse

I feel lega sikit

Posted by zoizai > 2017-03-12 19:15 | Report Abuse

All in tmr

Posted by culbertlim > 2017-03-12 20:53 | Report Abuse

Up

Posted by sumato88 > 2017-03-12 21:17 | Report Abuse

Guys, please look at the big picture, crude oil price move up or down everyday, if you buy or sell based on that then better u buy crude oil future. Please see my latest analysis here, I still think the stock is deeply undervalued due to lack of understanding of its business model.
https://klse.i3investor.com/blogs/sumato88/118086.jsp