Posted by prudentinvestor > 2022-06-25 22:44 | Report Abuse

Why are oil companies still making a lot of money when they have to sell RON95 at less than 50% of market price.?

Posted by Understand > 2022-06-25 22:52 | Report Abuse

Downstream,mix or upstream

Posted by prudentinvestor > 2022-06-25 23:09 | Report Abuse

Do you believe that oil companies are being subsidized by the government in order to sell RON95 at below market price?

Posted by Understand > 2022-06-25 23:15 | Report Abuse

Many type of oil companies. Which type ?

Posted by prudentinvestor > 2022-06-25 23:32 | Report Abuse

Under Can't Stand, you are just evading my questions.

Posted by prudentinvestor > 2022-06-25 23:34 | Report Abuse

"Downstream,mix or upstream"
Under No Stand, whether it is upstream, middle stream, downstream, live stream, cold stream etc, oil companies are making a lot of money.

Posted by Understand > 2022-06-25 23:43 | Report Abuse

Where got same. Only some are directly correlated to the oil price. The rest still make ok but not necessary good..give you an example.
Hibiscus petroleum... they are Upstream player.. so their profit are pretty much directly reflecting to the oil price.

Posted by Understand > 2022-06-25 23:43 | Report Abuse

Tell me which company..

Posted by prudentinvestor > 2022-06-26 12:40 | Report Abuse

Under No Stand, right, right, right, government doesn't subsidize oil companies so that they could sell Ron95 at RM2.06 a liter. The oil companies have to bear the losses themselves. Government going to take money elsewhere to cover the losses of oil companies, really jokers!

Posted by Understand > 2022-06-26 12:55 | Report Abuse

Which company you are referring to, I'll tell you how it work's.

Posted by prudentinvestor > 2022-06-26 15:29 | Report Abuse

So the recent announcement that the Government was committed to bearing electricity subsidies amounting to RM5.8 billion in 2H22 was fake news because the Government isn't going to take money from elsewhere to cover TNB's losses. TNB is still making money because of old inventory. Similarly, Government's subsidy for Ron95 amounting to over RM2.50 per liter is also fake news. Oil companies are required to sell their oil at RM2.06 per liter. They are still making money because they too have a lot of inventory. This must be right because Under No Stand thinks so.

Posted by KimSua > 2022-06-26 21:43 | Report Abuse

Exciting days ahead for Malaysian economy. Fiscal budget was based on USD66 per barrel. Expect oil price to average 110 this year. https://www.nst.com.my/business/2022/06/805718/midf-expects-govt-record-rm737bil-petroleum-related-revenue . The last KSLE bull run was after the asian financial crisis early 1999 untill 2008 of global financial crisis.( with brief Dot com impact in 2000) . 2008 -2014 was the another bull run. (6 months short impact on 2008 crisis).End 2014 until now was bear market . High of ~1800 -1350. (with a short uptick after the 2018 election :). KLSE has always flush with cash during when oil price is rising. Do your own correlation.
https://tradingeconomics.com/commodity/crude-oil
https://tradingeconomics.com/fbmklci:ind
Hope everyone wins

Posted by speakup > 2022-06-26 22:08 | Report Abuse

tenaga asked to do national service for country cos GE15 is near

Posted by matt88 > 2022-06-27 09:16 | Report Abuse

lesson learned. never buy a glc counter.

Posted by OnTime > 2022-06-27 09:18 | Report Abuse

LOL, force by gomen to lose money

Posted by snowball2000 > 2022-06-27 09:29 | Report Abuse

Closing in on 8.00... ICU...

Posted by RWG > 2022-06-27 09:31 | Report Abuse

because want win election, make tnb lingkup

Posted by nicholas99 > 2022-06-27 09:53 | Report Abuse

government no give naik harga.. then lose money? government no subsidy ?

Posted by snowball2000 > 2022-06-27 09:55 | Report Abuse

political interference is the mother of all evils for tenaga...

Posted by snowball2000 > 2022-06-27 09:55 | Report Abuse

mmc...

Posted by Deekay > 2022-06-27 10:26 | Report Abuse

At the end of the day, Understand simply don't Understand but pretends to Understand. We simply can't talk to a rock and expect it to Understand cos a rock will never Understand.

Posted by freddiehero > 2022-06-27 10:40 | Report Abuse

wah.. mau kasih pay tax sudah ka?

Posted by snowball2000 > 2022-06-27 12:04 | Report Abuse

wow... 9 year low... time to buy in or further downside coming?

Posted by lamdba > 2022-06-27 12:05 | Report Abuse

Will close below RM8 today? hohoho

Posted by Thorman > 2022-06-27 12:06 |

Post removed.Why?

Posted by snowball2000 > 2022-06-27 12:09 | Report Abuse

4.50 is inconceivable for me for the moment....

Posted by lamdba > 2022-06-27 12:12 | Report Abuse

epf dumping non-stop. wonder to which level they want to reposition their shares in tenaga.

Posted by prudentinvestor > 2022-06-27 12:24 | Report Abuse

"Rm 4.50.. is coming soon."
Why don't you make a forecast what number will come out first prize in this weekend's Magnum 4-D draw? It could be more accurate.

Posted by Deekay > 2022-06-27 12:31 | Report Abuse

Weird people we have in this world....just have the time to create so many accounts just to spite people.

Posted by Phoebe > 2022-06-27 13:34 | Report Abuse

will today break RM 8??

Posted by Michael_chan2022 > 2022-06-27 13:39 | Report Abuse

A million dollars question ..buy in batches

Posted by Michael_chan2022 > 2022-06-27 13:41 | Report Abuse

Have been monitoring this for months...

Posted by getingreal > 2022-06-27 13:53 | Report Abuse

As long as EPF keeps throwing away TNB shares by the millions, and as long a politicians keep robbing TNB, then TNB will sadly continue to drop.

Posted by NatsukoMishima > 2022-06-27 13:57 | Report Abuse

@Michael_chan2022

525 posts

Posted by Michael_chan2022 > 1 hour ago | Report Abuse

在别人恐惧时我贪婪，在别人贪婪时我恐惧
______
This mindset will bring huge loss to u , tnb will drop below rm 5 within 2 years !

Posted by NatsukoMishima > 2022-06-27 14:03 | Report Abuse

@prudentinvestor

1,718 posts

Posted by prudentinvestor > 1 day ago | Report Abuse

Tell me why TNB still made almost RM900 million in the latest quarter ending 31 March, roughly the same as the same period last year even after coal price has spiked to high levels.
__________
Do u think a monopolized electricity company with only 900m is pround to chanting ?? Pls chck their profit margin then u will know they are going to net loss just like glove company !

Posted by prudentinvestor > 2022-06-27 14:46 | Report Abuse

If you think TNB should make more than RM900 million in a single quarter, then be prepared to be charged more. Are you willing to pay more?

Posted by investmalaysia618 > 2022-06-27 14:54 | Report Abuse

avoid glc at all cost. management get fat salary no matter what's the share price. sapura is the best example

Posted by LossAversion > 2022-06-27 14:59 | Report Abuse

Someone is changing names so frequently!!!

Posted by snowball2000 > 2022-06-27 16:15 | Report Abuse

8.00 sharp... lelong x 3....

Posted by NatsukoMishima > 2022-06-27 16:28 | Report Abuse

Rm 8 buy this rubbish for dividen will big huge loss to u , better buy 800 lot dnex keep few years then pop to rm 4-6 can earn huge gains !

Posted by NatsukoMishima > 2022-06-27 16:28 | Report Abuse

This stock will drop to below rm 5 within 2 years !

Posted by NatsukoMishima > 2022-06-27 16:37 | Report Abuse

If oil price really hit usd 130 - 150 then you can see the price drop more drastically just like glove stock !

Posted by SHOB > 2022-06-27 16:50 | Report Abuse

good luck....

Posted by prudentinvestor > 2022-06-27 17:21 | Report Abuse

If oil price ever hits usd 150 a barrel, the government will need to increase its electricity subsidies. Read my earlier post, the government has allocated RM5.8 billion for 2H22 to pay for electricity subsidies. TNB is not a charity organization and if tariff increase is not allowed, the government will need to pay compensation. Looks like you have lost a lot of money in Tenaga.

Posted by newfishoil > 2022-06-27 19:40 | Report Abuse

creating so many accounts just to spam negative posts. the peak of no-lifer lol
touch some grass yo

Posted by Whoisthis > 2022-06-27 19:41 | Report Abuse

750 if possible now ?.... my retirement plans are gone ..sad

Posted by OnTime > 2022-06-27 19:58 | Report Abuse

omg, 52-week low for a monopoly!

Posted by Thorman > 2022-06-27 20:25 |

Post removed.Why?

Posted by kevinobc > 2022-06-27 21:49 | Report Abuse

https://www.theedgemarkets.com/article/tnb-draws-flurry-target-price-cuts-after-govt-keeps-effective-tariff-unchanged

Posted by speakup > 2022-06-27 21:57 | Report Abuse

Tenaga forced to do National Service due to GE15 coming