Hedging is very expensive

1) there is the "Gap", the Gross Profit for Market Makers, ie the Bid & Offer Gap just like shares
2) sometimes got commission
3) there is a swap rate [some says it never goes to 20%, wink wink]

sslee
I bet with you that BOD of HRC will tell you "Yes"

if answer is No or evasive... ...
you just cut off Dragon punya kukujiao
and immediately inside AGM click SELL on all your HRC shares

and you mentally scratch Raider punya ... MYVI whether answer is yes or no for giving you doubts

sslee
I suggest that you raise the Question whether derivatives were done with licensed brokers at HRC AGM.

Hopefully you will NOT get a JAKS type reply.

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Raider
btw

to make readers aware of transparency
some auditors use the wording

=>Amount due to Licensed Broker of Equities/Derivatives
so that readers who used audited accounts can know its all kosher and holy.
No doubt at all.

I did make that happen to many jobs that we took over from other auditors

but use of different wording does NOT mean Management is quilty of FRAUD.
it just means => UNKNOWN source of hedging.

just dun think too much and you will sleep better at nite

There is absolutely NO evidence that HRC hedges are done via

OTC swaps or dll

I advise you to refrain from continuing this train of thought



Posted by stockraider > 50 seconds ago | Report Abuse

I suspect the derivative trader is done between the owner macai & hengyuan mah!
Not thru an official exchange lah!

Do not be silly loh!

silly feller calls Macron a liar

Posted by i3lurker > 32 minutes ago | Report Abuse

French President Emmanuel Macron said Thursday that he hoped the deal with Iran would be revived in the coming days.

"I hope that in the next few days the JCPOA will be concluded," Macron said during his annual speech to ambassadors at the presidential palace in Paris.

on Friday crude oil price crashed,
today is Sunday.

silly feller NYSE start 9:30 and do oil trading NYSE

Posted by i3lurker > 26 minutes ago | Report Abuse

Crude Oil can be traded via 3 main channels,
[still got others its called dll, not a bad word its => dan lain lain]

1) Oil Physicals & Futures
2) NYSE ETFs
3) OTC swaps

In "semua pun boleh" land
the licensed capacity is a Dragon [balls]park figure.

By right
any production in excess of capacity is liable to criminal prosecution by Gobermen.
especially all types of refineries, palm oil mills etc etc due to pollution dumping licenses obtained as cleared via EIA.
Since operating in excess of capacities contravenes EIA upon which the plant is constructed.

By left
"Nobody" reviews this production figures, maybe they do this via a "binocular audit from office"
In real life, production capacities exceeds licensed lies by up to 30% due to extreme understating of plant capacity upon application, skipping maintenance, operating on "reported official off days" etc et cetera

for outsiders, its not so easy to pierce the curtain of lies.


Posted by PSAi3alert > 7 seconds ago | Report Abuse

SSLee,

HRC has a licensed capacity of 156,000 barrels per day, or 56.94M per year.

Crude Oil can be traded via 3 main channels,
[still got others its called dll, not a bad word its => dan lain lain]

1) Oil Physicals & Futures
2) NYSE ETFs
3) OTC swaps

French President Emmanuel Macron said Thursday that he hoped the deal with Iran would be revived in the coming days.

"I hope that in the next few days the JCPOA will be concluded," Macron said during his annual speech to ambassadors at the presidential palace in Paris.

on Friday crude oil price crashed,
today is Sunday.

of course everything will come tumbling down
and Humpty Dumpty cracked open by Crack Rate when Iran thingy is signed.

Dun take it seriously, just take all this as Sunday Cock will do.

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I gonna keep this as the Quote of The Day

:)

////Now Q2, crack spread did normalize but how come derivative loss jump to 1 bil? apa theory baru to support this, longer hedge time frame? walao, banyak excuse macam jho low.////

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the standard Straddle of

Buy Raw Mat
Sell Products

usually results in DIE BOTH SIDES

Buy Raw Mat, raw mat price drops => Huge Losses
Sell Products, products price increases => Huge Losses

thats DIE BOTH SIDES

there is a real reason why branded companies like Marathon like to be self-insured

Posted by Sslee > 3 minutes ago | Report Abuse

Ular,
When you hedged mean good time you earn less and bad time you lose less.

always remember, Tomorrow is very likely to be same as today unless you change something.

its like the movie Inception, you must change something to have a different ending.

=> HRC losses from "cough cough hedging" will likely continue. Since tomorrow is the same as today.
[Dragon talk bad about HRC one, not me.]

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Pengerang?
Nobody cares about Pengerang coz you CANNOT gamble Pengerang.

=> be honest its all about the gambling! whether PetronM or HRC

when you asked this question you are giving credibility that it is NOT about the gambling
when it is ALL about the Gambling.

Place your bets !!!

A Good Samaritan [not me] donated the money to Raider just to help out
I believe it will NOT happen all the time.

I suspect and believe the said Good Samaritan is Calvin, The Apprentice punya Sith Lord

Posted by Sslee > 8 minutes ago | Report Abuse

By the way stockraider said he make 2 myvi from his bet with Netx RI and make a last minute escape with his 0.5 sen,1 million Insas-wb before insas-wb expired as toilet paper.

who controls more than 50% of HRC freely traded shares?

//////For example, as alleged, by March 24, 2021, Hwang effectively controlled more than 50% of the freely trading shares of Viacom – and no one outside of Archegos knew about it — not investors purchasing Viacom in the market, or the executives at Viacom itself, or even the banks and brokerages who held the stock as part of the swaps. Because, as alleged, by using various banks and brokerages for his swaps, Hwang made sure that no single institution would have any idea that he was behind all of this trading.

If you think you are a victim of the scheme alleged in this press release, you are encouraged to contact law enforcement at Boo_Ku@KajangPrison.corruption for compensation. ////

I agree that anytime, anywhere, anyhow when its impossible to deliver physical and its ONLY cash settlement => its Gambling.

=> coz your safety net of physical delivery does NOT exist.

be a Man/Woman/Shemale/AhKua/It/LoongKang_Kat and admit it

thats why we should start a system where physical deliveries are sent to Pekan, Pahang just next door to Boo_Ku punya house instead of Cushing, Oklahoma.

and we call the crude oil as ChowKit Light, a mixture of Tapis and Klang Toddy

btw
fyi
ps
pss
buy more is called the Martingale Gambling System

no way you can deliver the solid goods to Cushing Oklahoma from Port Dickson
sslee's punya Dick says no way.

if can deliver then chop off sslee punya kukujiao

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easy come easy go mah

=> even the Jackson Hole Economic Symposium erased off USD 1.5 Trillion just like magic, as if the money never existed.

Continuation

01/01/2023 EU Sanctions on Russia, Comprehensive Final Package

China Cost of Production will drop across the board.
Cheap Russian oil dumped to China means all raw materials in China will be cheaper.
Example, plastics, fertilizers, electronic devices, EV cars etc etc
A global reduction in prices due to lower China manufacturing costs will spark a Global Non-Russian economic boom

The same cycle will happen to food as Russian wheat dumped to China will reduce China purchases from US.
Just switching musical chairs.

01/01/2023 EU Sanctions on Russia, Comprehensive Final Package

Global Supply & Demand is just irritated and not affected.
what will happen is all Russian oil will be dumped to China.
China purchases of WTI & Brent will be reduced proportionally by the amount of cheap Russian Oil bought.
Europe rather than sourcing from cheap Russian Oil now has to buy from their "other enemy", those guys across the Channel.

Global Oil will spike momentarily purely due to "feelings""
No "real" effects on oil industry.
All Malaysian Gloves will go bankrupt though as butadiene prices will drop for China Gloves due to cheap Russian oil.
Butadiene prices for Malaysian Gloves will remain high as it will be produced from high oil price.


0X/0X/202X Comprehensive Nuclear Agreement with Iran.

This will be signed despite Israel objections as it was previously signed by Democrats and another Democrat will sign it.
Unless they pow wow until Democrats lose both Houses in the Mid Terms.

Since you are the ONLY Expert here
You are saying that OTB already sold all HRC
and OTB want to buy back in HRC again at cheap price?


MoneyMakers

Plan exit ASAP..possible huge dump down to orig price rm3 by month-end (div xdate)

Either ownself dump 1st or syndicate dump 1st..choose wisely or 4ever regret

16 minutes ago

////They prefer to spend their money on their refinery complex in Singapore.///

kwailoh always believe Malaysia will end up just like Pakistan or maybe Afghanistan => Malaysistan
look at the number of Regional HQ in Singapore and you have the answer..

You cannot blame these Kwailoh, look at PAS press announcements.

PSAi3alert

I am shocked !!!
Mabel is NOT a buxom blond?

I was misinformed ... just like Rick who went to Casablanca for the "waters"

Dragon
////sometime correct sometime not correct////

you are telling us something we do not know?

if people correct all the time no need everyday more tha 30 people die from traffic accidents

sslee

your KBK tuition is here
liabilities is profit

I am sure you are the expert !!!
:)


MoneyMakers

Aiyoyo i3lurker oil trading US/NY session start @ 9pm leh

Simple trading hour also dunno..dont even talk derivatives kikiki

This fella really full BS kikiki

6 seconds ago

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sslee

more KBK classes
liabilities are profits
you have not completed your Paris Hilton lesson yet

sslee
Liabilities are profits [refer to your Paris Hilton donation]

Yawn!!
did you read about your donation to Paris Hilton wedding?

Posted by Sslee > 3 minutes ago | Report Abuse

Someone did not read my explanation that the unrealised derivative gain/loss is not taken into P&L but taken into balance sheet as:
Derivatives assets
Derivaties liabilities
Hence the NTA will adjust every quarter based on marked to market:
Derivatives assets
Derivaties liabilities

Jerichomy

thats a compliment coz Syndicates believe that you are important, actually VIP grade.

Do you see Syndicates do that to Tanjung Rambutan aka Taman Bahagia Inmates like Mike Cheat You Crazy and Dragon?
why?
coz everyone knows people like Tanjung Rambutan aka Taman Bahagia Inmates like Mike Cheat You Crazy and Dragon are nothing, not important at all.

CharlesT > 5 hours ago | Report Abuse

As a general rule, apply a 90% discount on all the China Boss's Cos.

Second, spend yr time to study the contents of the Author n try to understand n verify so.

Third, check the Author's track records.....I have seen Sifu Probability's earlier analysis in Heng Yuan 1 (2017), Lionind (Steel Party in 2018) ,I think Dayang as well (2019).....

While I cant deny his facts n figures fm his previous posts sometimes do look convincing, but the ending is all the same.

See if we shall see a different ending this round.

Last but not least, back to my first sentence (As a general rule, apply a 90% discount on all the China Boss's Cos), it's oredi being proven 100% correct in Bursa for the past 10 years.

Good luck in HY.

CharlesT > 5 hours ago | Report Abuse

As a general rule, apply a 90% discount on all the China Boss's Cos.

Second, spend yr time to study the contents of the Author n try to understand n verify so.

Third, check the Author's track records.....I have seen Sifu Probability's earlier analysis in Heng Yuan 1 (2017), Lionind (Steel Party in 2018) ,I think Dayang as well (2019).....

While I cant deny his facts n figures fm his previous posts sometimes do look convincing, but the ending is all the same.

See if we shall see a different ending this round.

Last but not least, back to my first sentence (As a general rule, apply a 90% discount on all the China Boss's Cos), it's oredi being proven 100% correct in Bursa for the past 10 years.

Good luck in HY.

PSAi3alert
You are correct !!
see this

CharlesT > 5 hours ago | Report Abuse

As a general rule, apply a 90% discount on all the China Boss's Cos.

Second, spend yr time to study the contents of the Author n try to understand n verify so.

Third, check the Author's track records.....I have seen Sifu Probability's earlier analysis in Heng Yuan 1 (2017), Lionind (Steel Party in 2018) ,I think Dayang as well (2019).....

While I cant deny his facts n figures fm his previous posts sometimes do look convincing, but the ending is all the same.

See if we shall see a different ending this round.

Last but not least, back to my first sentence (As a general rule, apply a 90% discount on all the China Boss's Cos), it's oredi being proven 100% correct in Bursa for the past 10 years.

Good luck in HY.

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