Posted by Jerichomy > 2022-06-03 11:13 |

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Posted by Jerichomy > 2022-06-03 11:18 | Report Abuse

Once hy reach 6.7 i will sell all

Posted by Jerichomy > 2022-06-03 11:22 |

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Posted by brian3381 > 2022-06-03 11:42 |

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Posted by subwayzzz > 2022-06-03 12:26 | Report Abuse

oii
at least still in profit ok

Posted by subwayzzz > 2022-06-03 12:27 | Report Abuse

tell kyy to leave petron alone even if he owns some

Posted by GrowthCapitalist > 2022-06-03 12:45 | Report Abuse

Initially, Petron was lagging behind HY and now Petron leading HY, hopefully eventually both will rise on the same par and maybe that's the peak before it waterfall!

Posted by Jerichomy > 2022-06-03 12:55 |

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Posted by probability > 2022-06-03 13:23 | Report Abuse

An Introduction to Crack Spread Hedging

https://www.mercatusenergy.com/blog/bid/72741/an-introduction-to-crack-spread-hedging

Just as oil producers and consumers have the ability to hedge their exposure to volatile petroleum prices, refiners have the ability to hedge their exposure as well. In fact, one could argue that refiners face an even greater need to hedge than producers and consumers as their profit margins are based on the price of not one commodity, but at least two and often several: the price of their input (crude oil) as well as their outputs (bunker fuel, heating oil, gasoline, diesel fuel, gasoil, jet fuel, etc.). In order to mitigate their exposure to crack spread price volatility, many refiners hedge the crack spread by purchasing crude oil futures or swaps and simultaneously selling refined products futures or swaps as the results allows the refiner to lock-in or fix the refining margin.

The refiner is buying November crude oil and selling December ULSD as refiners generally purchase crude oil for processing in a given month, and subsequently refine and sell the refined products during the following month.

Posted by subwayzzz > 2022-06-03 14:10 | Report Abuse

at least petron is reporting more reasonable values than hy. hy's chinaman better don't play tongsan rules here

Posted by stockraider > 2022-06-03 14:13 | Report Abuse

Put it this way loh!

Not all derivative employed by these companies are for hedging purpose loh!

Sometime use it for speculation mah!

For msia refinery.....u no need bcos govt already have a formula for your products price...u no need to really hedge mah!....Bcos govt formula is a natural hedge mah!

Remember during Shell & Esso time....none of them use derivative mah!

They do use derivative bcos....this may run the risk of gambling...if they over do it loh!

Posted by subwayzzz > 2022-06-03 14:28 | Report Abuse

sianzzz loh!

Posted by Jerichomy > 2022-06-03 14:38 |

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Posted by Jerichomy > 2022-06-03 14:39 | Report Abuse

This heng yuan is really teruk

Posted by subwayzzz > 2022-06-03 14:44 | Report Abuse

i thought will *at least* turn around Q1 cuz Russia-Ukraine started fighting each other end of february so march's crack spread should do well. but Q1 was terrible sh it. worse than petron

Posted by subwayzzz > 2022-06-03 14:45 | Report Abuse

why ajib's admin approved the sale of shell refinery to china was really dumb. thought can stroke chinaman ccp's balls

Posted by subwayzzz > 2022-06-03 14:46 | Report Abuse

luckily didn't put all eggs in one basket. if not really hailat

Posted by stockraider > 2022-06-03 14:48 | Report Abuse

Tp at least Rm 10.00 loh!

Posted by subwayzzz > 2022-06-03 14:49 | Report Abuse

wish all towgays heng heng loh like that

Posted by subwayzzz > 2022-06-03 15:10 | Report Abuse

nice. hy petron gap widening

Posted by Jerichomy > 2022-06-03 15:17 | Report Abuse

Rm1 and possible rm2

Posted by Jerichomy > 2022-06-03 15:42 |

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Posted by 888STOCK888 > 2022-06-03 15:48 | Report Abuse

People are selling Petron and switch to HengYuan~ =D

Posted by subwayzzz > 2022-06-03 16:27 | Report Abuse

5 more sens to rm1 diff

Posted by 888STOCK888 > 2022-06-03 16:32 | Report Abuse

Thanks Petron, now it's time to switch to HengYuan, 1.00 gap, too cheap to ignore. =D

Posted by subwayzzz > 2022-06-03 16:35 | Report Abuse

rm1

Posted by subwayzzz > 2022-06-03 16:37 | Report Abuse

omg. petron +0.4 , hy -0.01 day
alahai

Posted by subwayzzz > 2022-06-03 16:37 | Report Abuse

+0.6 sorry

Posted by brian3381 > 2022-06-03 16:39 | Report Abuse

huat chai!!!!!

Posted by Jerichomy > 2022-06-03 16:41 |

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Posted by brian3381 > 2022-06-03 16:43 | Report Abuse

no need to switch to hy... u gila ka? ini petron uppp u buy hy for wat?

Posted by subwayzzz > 2022-06-03 16:43 | Report Abuse

what happened to hy! alahai. lmao lose to a smaller refinery

Posted by Jerichomy > 2022-06-03 16:47 |

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Posted by subwayzzz > 2022-06-03 16:48 | Report Abuse

congratulations

Posted by Jerichomy > 2022-06-03 16:48 |

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Posted by Jerichomy > 2022-06-03 16:49 |

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Posted by subwayzzz > 2022-06-03 16:52 | Report Abuse

it's a vote of no confidence to chinaman's company.
really can go suck a dik

Posted by Jerichomy > 2022-06-03 16:52 |

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Posted by Jerichomy > 2022-06-03 16:54 |

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Posted by brian3381 > 2022-06-03 17:05 |

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Posted by Jerichomy > 2022-06-03 17:09 |

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Posted by Jerichomy > 2022-06-03 17:13 |

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Posted by subwayzzz > 2022-06-03 17:14 | Report Abuse

I think it’s more on how Chinaman runs offshore companies. Utilise every single transfer pricing opportunity to avoid profit sharing

Posted by Jerichomy > 2022-06-03 17:14 | Report Abuse

It further shoot up last minute

Posted by klee > 2022-06-03 17:16 | Report Abuse

I have swictched to petron.Immediate gain 40 sen.

Posted by Johnzhang > 2022-06-03 17:28 | Report Abuse

I reckon Petron’s strong show today demonstrated the power of retail investors . KYY who made millions in HY in 2017/18 must remember that was the many retail investors who made it possible for him. Without the trust , conviction and support from retail investors , he can forget about the past glory day . So, be humble and credible at all time.

Posted by sparrow > 2022-06-03 17:42 | Report Abuse

Petron do not have any refinery margin derivatives, they only hedge against currency exchange and commodity, and the contract size is small, they should enjoy the full benefit of increase crack spread. While HY on the other hand, has done quote alot of hedging, it will capped their profit, its good when crack spread is low, but at the current environment, i see Petron profit will outperform HY.

Posted by subwayzzz > 2022-06-03 17:47 | Report Abuse

Transfer pricing in the name of hedging

Posted by Jerichomy > 2022-06-03 18:13 |

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Posted by Everybodyhuat > 2022-06-03 18:48 | Report Abuse

KYY is here since yesterday and today to push up the price. You guys think it is any other retailers can have such fund to push up so much? He will write a great report on petronm next week. So enjoy ya..your father is back!