Ideas

HENGYUAN, PETRONM : Latest Crack Spreads remains at very high levels

beruang
Publish date: Tue, 17 May 2022, 11:45 PM
dont delete my blog

Hi HY and PetronM traders, just sharing a good informations extracted from another platform. 

 

Attached are the crack spread of: 

- Singapore Gas-Brent Crack
- Nymex 321 crack
- Tapis crack

 

 

link for clear picture: https://my.stockbit.com/post/8631550


 

Not particularly sure which defines the 2 Malaysian oil refiners best, regardless, all of them remains at decades high levels.. 

 

 

Additionally, Citibank also recently publish research report. Here's an extract.

link: https://t.me/stockbitmalaysia

 

 

Quoting the report:

CURRENT RECORD MARGINS IN REFINING TO SURPASS MARKET EXPECTATIONS AT LEAST THROUGH 2Q AND 3Q.

 

2Q IS SHAPING UP TO BE A PEAK THAT SURPASSES ANYTHING WE HAVE SEEN BEFORE.

 

Related Stocks
Market Buzz
More articles on Ideas
Discussions
1 person likes this. Showing 9 of 9 comments

paperplane

last time spread ard 14, price goreng until Rm19 max, not spread ard 25++, why price still RM7 like that. apa salah? hehe

1 month ago

arv18

patience. last time took 12 months from Jan to Dec '17 to goreng.

even hiap teck and msc took ~ 12 months to goreng.

1 month ago

nickinvests

great info. The other platform has got lots of good information too

1 month ago

sostupid

The cost of raw material for petronm goes up how can the company make money. It can make money if it dig raw oil from the ground.

1 month ago

sostupid

Unlike Chevron or Occidental the two company produce oil for refineries. Petronm does not and rm depreciated decreases its profitability. It probably has one good quarter of accounting results but bad for always for the rest of its business days.

1 month ago

sostupid

Half year goreng

1 month ago

Sslee

The different between your refine products selling price (spot) and your raw brent crude oil purchased price (spot) is called crack spreads or refining margin.

So can petronm make money?

1 month ago

Sslee

No end consumers able to run on brent crude oil. Only refining bought crude oil and refine into fuel that use and bought by consumers to run their cars, ships, planes and as fuel for boiler and heating.

1 month ago

calvintaneng

Better go load up Tsh resources where future millionaires are found

1 month ago

Post a Comment