Good morning i3lurker, Just done some portfolio readjustment. I sold my non performance Ranhill and bought plantation stocks and then WCEHB to Oil refining stock and call warrant.
KUALA LUMPUR, May 21 — The Minister of Finance (Incorporated) MoF Inc may provide financial assistance to ailing oil-and-gas giant Sapura Energy Bhd, according to sources.
Sources familiar with developments at the wholly-owned Finance Ministry unit told The Edge that the intervention would be made under MoF (Inc) Act, which empowered the finance minister to enter into business transactions for social and strategic purposes.
"From what I know it is MoF Inc that will step up (lend a helping hand to Sapura Energy. What is discussed at present is some sort of assistance package...it could be a grant of some sort and it could be announced soon," one source was quoted as saying in the latest edition of The Edge.
It also said Finance Minister Tengku Datuk Seri Zafrul Aziz has been working on the proposal for several weeks......
To be fair, OTB puts his reco based on facts and figures as can be seen by the results of other refiners like Reliance in India. Have been a long time subscriber and I find no wrong in him, no doubt lost a bit in HiapTek, MSC and PMBTech. Who can be 100% accurate all the time ? Crack spread is indeed high, and it can be true that HYuan and PetronM fall is due to some CWs maturing, force selling or Short Selling. Look at Hibiscus, eps of 15 cents for a Quarter Year, Net profit of 307 mil and PE of 6X !! His reco on AYS still hold as eps is 6 cents, and PE is only 2X!
u want to trade crack spread, go and trade la............OTB disgusting trick is make money his credit, lose money is your money....................and yes, if u keep long enough, sure to lose money because its about cyclical stocks, never ever about quality.
nobody even know what is the daily volume traded in those Mogas 92 crack spreads. and the P/L of the refiners is subject to very wild timing difference , accounting policies, hedging policies, ........ the quarterly results give u a heart attack then u know.
Petron eps of 40 cents, and 106 mil Later, HYuan will get higher Eps. Go to HYuan to see how OTB calculate the potential EPS for Q1, and how SSLee calculate the potential profit.
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