One of the biggest mysteries in life is what does it take to drive Petron share price up - increase in crude, good profits, great brand, topline growth, a burgeoning balance sheet chocking on its own excessive reserve retention, supposedly great management with seemingly great plans? Nothing seems to work
It's like a quicksand - once in, hard to get out and you keep sinking more & more money thinking that the share price is undervalued but hehe it remains undervalued
The Refinery has a crude distillation capacity of 88,000 barrels per day (bpd). The Complex is equipped with a crude distillation unit, a naphtha hydrotreating unit, two semi-regeneration reformer units, and a kerosene hydrotreating unit. It is further supported by amenities such as waste-water treatment facilities, steam generator, cooling water plant, flare and safety relieving unit, crude storage tanks, refined petroleum products storage tanks, as well as spheres for Liquefied Petroleum Gas (LPG) storage. Crude (predominantly light low sulphur 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). Product distributions are mainly through truck deliveries from the adjacent Port Dickson Terminal (PDT) while the remaining are delivered via tankers, multi-products pipeline and trucks to other distribution terminals in Peninsular Malaysia and Sabah.
Refining margin for Asian refiners is also jump about 100% for 4 months average of 2022 compared to the average in 2021. Good chance that FY2022 earning for Hengyuan and PetronM may even surpass the record achieved in 2017 .
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....
gemfinder
6,880 posts
Posted by gemfinder > 2022-03-08 23:10 |
Post removed.Why?