I have questions regarding to the blog dated 3rd Feb with the title "Difference between Petronm and Hengyuan". It says Petronm's refinery is a simple one which is suitable to process only sweet crude which is more expensive. However, WTI is currently far cheaper than the Brent Crude and yet WTI contains a lot less sulfur than Brent Crude. Also, it says that Petronm is currently unable to produce fuel oil that contain not more than 0.5% sulfer. But WTI contains only 0.24% sulfur and assuming that Petronm is using WTI, how can the fuel oil it produced contains more than 0.5% sulfur? Can someone here explain? Thank you.
"Crude (predominantly light low sulfur crudes) is imported and processed to produce a wide range of petroleum products that includes Gasoline (U95), Jet fuel, Diesel, LPG, and Low-Sulphur Waxy Residue (LSWR)."
Under "What We Offer --> Our Products", one can also find Petron Diesel Euro 5 with a sulfur content of 6 ppm, far below the 10 ppm required by Euro 5 standard. If Petronm is able to produce Diesel Euro 5 and distribute to 70 of its Petrol Station, why it can't produce fuel oil that has sulfur content less than 0.5%? By the way, 6 ppm is 0.0006%.
The management of petronm is more efficient and smarter than most of the people here have thought. The author is very careless and irresponsible. the title itself is inappropriate, misleading. and unfair to petronm investors . I believe surely there are some newbies who have sold petronm and switched to hengyuan after reading the article. KYY : you cannot be rich if you are stupid
please kindly enlighten me the follow 1. in which occasion i did not exercise the virtue of being humble ? 2. do you consider the example or calculation i use to illustrate the strategy "buy more earn more " is an act of counting the chickens before they hatch that will bring bad lucks.
why ?
you comments have confused me. I do not know what you are up to ?
Mr Halite - While I'm appreciative of your views, the notion of humility also includes not being extremely dogmatic in your convictions to extent of brushing-off other issues of concern. Such bullish convictions I've noticed often seem to be followed by a downturn. Don't take it too personally - I'm just superstitious - take it easy bro.
Thanks for your clarification I am willing to learn from my mistakes You advices can be more useful to me if you are more specific with my wrong doing that you obseved A general statement as above sounds more like an expression of personal dislike that I am talking too much in this forum Thank you for your feedback
Ocpd, You are very pandai 1. Is Petronm not a great company to invest 2. What is wrong i strongly recommended a great stock to invest when it isselling cheap now.
My view 1 hard-selling is general term. If used in a wrong contact it can be very misleading.
If it is not me constantly clarifying the misconception of the 14B expansion plan used by the hengyuan promoters to sing down petronm. I believe you are still a copy cat saying what others saying, posting contradicting comments now and then.
Sorry your clarification didn’t convince me a little. Im still skeptical about its rm14 bil expansion thats why I bought very little as the price has dropped a lot since i last sold!
i think is the same group of ppl that caused hy and petronm to go up in the first place is now causing both to go down whether it be intentionally or unintentionallyl, meaning they had stakes in both , so when they start trimming down their activities or stake,u see both going down.
We invest in petronm because the management is efficient We invest in petronm because the company performance is good We invest in Petronm because there is growth Most important we invest in petronm and willing to hold for life because it meets our stocks pick criteria. We will buy more if the price is cheap We are confident we are buying a great company and we need patience to reap a good harvest We know if we are too anxious to gain we will not gain most of the time. It is futile to guess who is buying and who is selling because you do not know why they are doing that but you know very well what you are doing. So it is unwise to trade based on who buy or who sell. But if you intention is to make a quick bite, then it is a different story
What is herd mentality effect? When others buy we buy, when others sell we sell. The result is lose more gain less
What is copy cat? When others say we also say the same, when others do we do the same. The result is you are helping others to spread wrong misleading I formation.
In a public forum there are more lier than honest people. There are more naysayers than righteous people There are more half pass six sifu than great sifu
There is a Chinese saying, wise man looks stupid. Why people calls him stupid Because he insisted he must do it in the right way. What is the outcome then? He doesn't bother, more important to him is he believes he do it right.
Petronm deserves better price than Hengyuan Petdag deserves better price than Petronm Consistent performance is more realistic than magical performance
I witnessed real life herd mentality when gambling at baccarat tables in Genting last week, it is real. The herd will all buy banker / player together, while i bet the opposite and some idiots scolded me :P
dont buy anything now...Malaysia stock market is the worst market...totally no defend....all become toilet paper...no more rebound...just will keep going lower...
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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....
elainesong
35 posts
Posted by elainesong > 2018-03-05 22:13 | Report Abuse
Volume not very heavy yet