haha when people look at the oil price and say oil price could impact hard on petron business? Retails business has fix profit margin and and refinery business rely on crack spead. Crack spread this q is higher than previous Q1 and Q2 so u should be able to tell the results , . That's the reason why HY and petronm are doing so well. hengyuan up 400% , same to petronm. This kind of huge fund counter is played by certain people, they are not selling it due to the oil price movement. No wonder retailers so hard to earn money la. so naive
US crude sinks nearly 2%, settling at $55.70, on concerns about global demand and rising US output U.S. shale output to rise for a 12th straight month in December, government says. The International Energy Agency cut its oil demand forecast for this year and next, citing warmer temperatures and sharply rising production outside OPEC.
We have seen these kinds of sell down so many rounds before super good results, stand firm with your tickets and dont panic. Or else you will be eaten up so easily for a stock now tightly held by many.
i was wondering how on earth people relate petronm with oil price. Profit mostly due to crack spread as a refinery business. REtails retails, looking at petronm having oil stations and they thought drop in oil price will affect the earning. lol
hi alex. project ending. quite chill now. I'm buying into QR report on petronm with all my profit from HY. should have just wait for few days when oil price going sideway. :( never thought oil price could impact on refinery business
"The impressive result was driven by its continued focus on high-value segments and sustained sales volumes from its Philippines and Malaysian operations. Combined sales volumes hit 80.2 million barrels in the first three quarters of the year, slightly higher than the 79.3 million sold in the same period in 2016.
The company said that sales volumes would have been higher if not for scheduled maintenance. Petron’s Bataan refinery was running on maintenance mode below optimum capacity for 35 days in the second quarter and 18 days in the third quarter. Malaysia grew volumes by 9% in the period under review."
zeni always remember oil has insignificant impact on refinery business, retail business has a fix profit of margin. if oil goes up, it wont improve their earning. volume is the key of more profit factor. Buy into good fundamental and sleep tight. avoid warrant if u feel that u are not an expert yet.
just that probably the "windy" sentiment of oil price fluctuation will influence most of the oil related industries..irrespective of earning affected or not. thank you for sharing, i learned alot from you.
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....
thenewbee
3,605 posts
Posted by thenewbee > 2017-11-15 00:01 | Report Abuse
haha when people look at the oil price and say oil price could impact hard on petron business? Retails business has fix profit margin and and refinery business rely on crack spead. Crack spread this q is higher than previous Q1 and Q2 so u should be able to tell the results , . That's the reason why HY and petronm are doing so well. hengyuan up 400% , same to petronm. This kind of huge fund counter is played by certain people, they are not selling it due to the oil price movement. No wonder retailers so hard to earn money la. so naive