Morgan Stanley sees strong refining margins into 2020 in General Energy News 09/09/2017
Lower oil prices, strong demand and limited new refining capacity additions are expected to boost global refining margins to the end of the decade, Morgan Stanley said in a note. Oil demand growth is expected to reach 1.4 million barrels per day (bpd) in 2018, similar to this year’s expected growth, Morgan Stanley said. Crude oil distillation unit (CDU) additions are set to increase by 700,000-800,000 bpd next year, leading to a higher crude intake from existing refining capacity and stronger margins as a result. New regulations aimed at lowering sulphur content in marine fuel from 2020 will further boost margins as demand for gasoil and diesel will grow. As a result of the stronger outlook for refining, the bank upgraded Spain’s Repsol and Turkish refiner Tupras to ‘overweight’ due to both companies’ strong refining performance. The bank maintained the existing ‘overweight’ rating for European oil majors Royal Dutch Shell and BP, whose downstream operations represent around 30 percent of cashflow. Source: Reuters (Reporting by Ron Bousso; Editing by Edmund Blair)
Rocket cop be patient.....hold it tight...I buy at 0.4,0.22,0.275,0.3,0.255 Not big margin but still profit .....patient is virtue....hope u hold it...
Remember our feelings are always influenced by market dynamics. When we buy, did we base on gut feel? surely no! And if we did not, why should we consequently base our decisions on gut feel emotion. Conditions are favorable for this co, so calculated risk is limited on the downside. The Filipino father is traded at 10.40 today with a PE of 12.3X. The best thing for you to do rocket cop is go for lunch, then look for something better to do rather than look at the trading screen! Why based decisions on 1 day trading activity? Unless of course if you trade T4. Then thats another story.
Even If you hold the cc, pending the 5 days between 25th to 29th sept when it is no more traded, and if the mother share over the 5 days is smoothly averaged at least RGT 10 you will receive payment in full, based on the calculated ratio and exercise price, minus 0.3% charges for handling by the agent. Only problem is you will receive the cheque approx. 2 weeks later. CC is still in the money. The playmaker is discounting it to see who has the money to hold and who are the T4 traders.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
jebat
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Posted by jebat > 2017-09-13 09:23 | Report Abuse
jgn la drop.......hahaha.......told u buy early.....