Posted by Sslee > 2022-06-07 15:03 | Report Abuse

Hahahaha MoneyMakers,
Make up your mind, is it USD 10 or USD 15?

Just to help you:
In term of profitability vis-a vis crack spread :
Petron's NPAT :
Q12022 - RM106.4 mil ,
2021 - RM238.5 mil ,
2020 - (13.3 mil)
Avg crack spread :
Q12022 - about USd14 ,
2021 -about USD8.3 ,
2020 -aboutUSD1.70

Posted by Jerichomy > 2022-06-07 15:13 |

Post removed.Why?

Posted by dompeilee > 2022-06-07 15:17 | Report Abuse

Dumped by Conyewyyin...ppl never learn from hengyuan lol

Posted by Jerichomy > 2022-06-07 15:17 |

Post removed.Why?

Posted by hengpetron > 2022-06-07 15:19 | Report Abuse

conmen brian stockraider already sold at high price

Posted by Jerichomy > 2022-06-07 15:23 |

Post removed.Why?

Posted by Jerichomy > 2022-06-07 15:30 |

Post removed.Why?

Posted by Jerichomy > 2022-06-07 15:33 |

Post removed.Why?

Posted by Jerichomy > 2022-06-07 15:34 | Report Abuse

Yum yum bilis/sheep kena bunuh

Posted by Jerichomy > 2022-06-07 15:44 |

Post removed.Why?

Posted by Jerichomy > 2022-06-07 15:52 |

Post removed.Why?

Posted by Jerichomy > 2022-06-07 15:53 |

Post removed.Why?

Posted by Jerichomy > 2022-06-07 16:03 |

Post removed.Why?

Posted by MoneyMakers > 2022-06-07 16:28 | Report Abuse

S’raider gone silent must be alrdy dump high

As expected..that guy known to BS anything depend on his trading position

Posted by Jerichomy > 2022-06-07 16:44 | Report Abuse

Petron holders must be crying mother father oredi haga

Posted by Jerichomy > 2022-06-07 16:46 | Report Abuse

Why nobody crying mother father

Posted by Jerichomy > 2022-06-07 16:52 |

Post removed.Why?

Posted by Jerichomy > 2022-06-07 16:59 | Report Abuse

Make HY rm5 and petron rm6

Posted by Jerichomy > 2022-06-07 16:59 |

Post removed.Why?

Posted by Jerichomy > 2022-06-07 17:01 |

Post removed.Why?

Posted by Jerichomy > 2022-06-07 17:01 | Report Abuse

Dont feel shy to kencing

Posted by Jerichomy > 2022-06-07 17:14 |

Post removed.Why?

Posted by MoneyMakers > 2022-06-07 18:00 |

Post removed.Why?

Posted by investor2021trading > 2022-06-07 18:09 | Report Abuse

Posted by investor2021trading > 8 hours ago | Report Abuse
can sailang now touched 7.61!

Posted by investor2021trading > 8 hours ago | Report Abuse
sorry, my sailang is to sell n buy on dip for new high!

Posted by investor2021trading > 5 hours ago | Report Abuse
back to 7.73 new high as fuel shortage persist!
..............................................................................................
Posted by probability > 11 seconds ago
........why worry on hedging loss / gain? Its just the effects of lagging 1 month trailing 3 months profit

Posted by Jerichomy > 2022-06-07 18:27 | Report Abuse

Talking about FA and TA….talk cock better looo…bye guys

Posted by Jerichomy > 2022-06-07 19:05 |

Post removed.Why?

Posted by probability > 2022-06-07 19:42 | Report Abuse

www.cmegroup.com/education/articles-and-reports/introduction-to-crack-spreads.html

Example 1 — Fixing Refiner Margins Through a Simple 1:1 Crack Spread

In January, a refiner reviews his crude oil acquisition strategy and his potential gasoline margins for the spring. He sees that gasoline prices are strong, and plans a two-month crude-to-gasoline spread strategy that will allow him to lock in his margins. Similarly, a professional trader can analyze the technical charts and decide to “sell” the crack spread as a directional play, if the trader takes a view that current crack spread levels are relatively high, and will probably decline in the future.

In January, the spread between April crude oil futures ($50.00 per barrel) and May RBOB gasoline futures ($1.60 per gallon or $67.20 per barrel) presents what the refiner believes to be a favorable 1:1 crack spread of $17.20 per barrel. Typically, refiners purchase crude oil for processing in a particular month, and sell the refined products one month later.

The refiner decides to “sell” the crack spread by selling RBOB gasoline futures, and buying crude oil futures, thereby locking in the $17.20 per barrel crack spread value. He executes this by selling May RBOB gasoline futures at $1.60 per gallon (or $67.20 per barrel), and buying April crude oil futures at $50.00 per barrel.

Two months later, in March, the refiner purchases the crude oil at $60.00 per barrel in the cash market for refining into products. At the same time, he also sells gasoline from his existing stock in the cash market for $1.75 per gallon, or $73.50 per barrel. His crack spread value in the cash market has declined since January, and is now $13.50 per barrel ($73.50 per barrel gasoline less $60.00 per barrel for crude oil).

Since the futures market reflects the cash market, April crude oil futures are also selling at $60.00 per barrel in March — $10 more than when he purchased them. May RBOB gasoline futures are also trading higher at $1.75 per gallon ($73.50 per barrel). To complete the crack spread transaction, the refiner buys back the crack spread by first repurchasing the gasoline futures he sold in January, and he also sells back the crude oil futures. The refiner locks in a $3.70 per barrel profit on this crack spread futures trade.

The refiner has successfully locked in a crack spread of $17.20 (the futures gain of $3.70 is added to the cash market cracking margin of $13.50). Had the refiner been un-hedged, his cracking margin would have been limited to the $13.50 gain he had in the cash market. Instead, combined with the futures gain, his final net cracking margin with the hedge is $17.20 — the favorable margin he originally sought in January.

Posted by probability > 2022-06-07 19:50 | Report Abuse

The above is an example for hedging on refining margin swap that resulted in derivative gain as the crack spread dipped from $17.20 to $13.50.

On the other hand, if the crack spread had risen instead, the loss opportunity for having a higher margin would have reflected as derivative loss.

Posted by clouud1234 > 2022-06-08 04:37 | Report Abuse

Gogogo Petronm,what Probability said is true based on my experience.Gogogogo!!!!Nothing to scare.

Posted by Sslee > 2022-06-08 08:36 | Report Abuse

The month end crack spread figures are as below (in the order Jan to Dec) :
FY2020: 5.99, 4.91, (5.22), (3.35), (0.91), 2.36, (1.00) , 1.77, 4.54, 2.82, 1.51, 3.92 (Avg 1.44)
FY2021: 3.51, 6.39, 7.05, 7.34, 5.82, 7.08, 9.71, 7.56, 7.61, 12.83, 7.28, 11.21 (Avg 7.78)
FY2022: 12.42, 13.33, 14.85, 21.01, 26.69. (YTD may avg 17.67)

MoneyMakers what will be the crack spread for month end June 2022?

Posted by Sslee > 2022-06-08 08:39 | Report Abuse

SINGAPORE MOGAS 92 UNLEADED (PLATTS) BRENT CRACK SPREAD FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT)NYMEX
27.429
D
USD
−0.626
(−2.23%)
MARKET OPEN
28.055
PREV
27.429
OPEN

Aiyoyo Mogas92 spread drop again from 28.055 to 27.429

Posted by clouud1234 > 2022-06-08 08:57 | Report Abuse

Drop little only mah,what so big deal.You are katak di bawah tempurung.

Posted by Sslee > 2022-06-08 09:02 | Report Abuse

Haha, I am trying to pull the leg of MoneyMakers.

Posted by clouud1234 > 2022-06-08 09:40 | Report Abuse

Jerichomy,apasal dgn kau.skrang jatuh sampai 0 pun takpe tau.orang sudah jual untung ratus 2 ribu dah.padan muka apa?

Posted by The St. Goreng > 2022-06-08 09:46 | Report Abuse

Up time every bilis come shout drop time everyone keep silent only?

Posted by Jerichomy > 2022-06-08 09:47 |

Post removed.Why?

Posted by stingray_ea > 2022-06-08 09:50 | Report Abuse

stingray_ea still DONT FEEL any strong sell signal trigger for "Petromn" yet.

selling Petromn is like catching a falling knife for shorty. Good luck to you if you dare ...


Anytime Petronm price will bound from here to rm 10 to rm 15
like what happen to topglov early of cavid-19 (rm 4,5 to rm 7)
And rm 15 to rm 30 due to BONGUS (nonus) issue


strong sell signal trigger issued by stingray_ea for INARI (RM4.xx) on last year 2021 Dec before INARI crashed to rm 2.3.
There few counters already setup for BIG selling on last year Dec 2021 for this years

========================

Stock: [INARI]: INARI AMERTRON BHD
Dec 7, 2021 2:33 PM | Report Abuse
stingray_ea ...run run run ........

Stock: [INARI]: INARI AMERTRON BHD
Dec 7, 2021 2:25 PM | Report Abuse
strong selling trigger

Stock: [INARI]: INARI AMERTRON BHD
Jan 13, 2022 3:37 PM | Report Abuse

=======================

Posted by Jerichomy > 2022-06-08 09:54 |

Post removed.Why?

Posted by Jerichomy > 2022-06-08 09:55 |

Post removed.Why?

Posted by LossAversion > 2022-06-08 09:59 | Report Abuse

Moral of the story is "Dont be greedy"...otherwise one may turns angry when price heads south!

Posted by supersinginvestor > 2022-06-08 10:02 | Report Abuse

So i sell ah? Any advice. Lock in profit ah?

Posted by Jerichomy > 2022-06-08 10:02 | Report Abuse

Supermax also entered klci index but waterfall after that

Posted by supersinginvestor > 2022-06-08 10:03 | Report Abuse

Then sell lorr...

Posted by kl_guy > 2022-06-08 10:09 | Report Abuse

syndicate push down .

Posted by investor2021trading > 2022-06-08 10:14 | Report Abuse

consolidation mode! hold another 10 days! next round of uptrend will b above 7.73.

Posted by MoneyMakers > 2022-06-08 10:15 | Report Abuse

More likely syndicate selling

Crack spread drop another 2%..2nd str8 red day

Posted by stingray_ea > 2022-06-08 10:18 | Report Abuse

some time banker also give free money to us . if 5% of glove buyer migrate to Petronm ... Habis ... limit up

Posted by dompeilee > 2022-06-08 10:19 | Report Abuse

Who got CONned by yewyin33 yet again? The memory is short...remember Hengyuan 2017/2018! lol

Posted by MoneyMakers > 2022-06-08 10:21 |

Post removed.Why?

Posted by stingray_ea > 2022-06-08 10:22 | Report Abuse

petronm 6.98
almost confirm petronm might reverse ... to break rm 7