Posted by investor2021trading > 2022-06-08 10:28 | Report Abuse

follow d market! buy low sell high! that's d game in stock market to make a decent profit! especially for fuel stocks, don't sell if u lose money!

Posted by stingray_ea > 2022-06-08 10:35 | Report Abuse

tut tut tu ttt tttuu

Posted by stingray_ea > 2022-06-08 10:38 | Report Abuse

70: 30 toward break 8>>>9>>> . buy on your own risk ..

Posted by Jerichomy > 2022-06-08 11:09 |

Post removed.Why?

Posted by Johnzhang > 2022-06-08 11:25 | Report Abuse

Crack spread correct down from USD32/bbl to USD27/bbl over the last few day is considered very normal after the spectacular surge from May. Don't have to cry until the house come down (some said cry father and cry mother). Just keep your mind cool and see the historic numbers below :
(note : Avg crack spread (based on Spore Mogas 92 unleaded (PLATTS) Brent ) for year 2013 to 2022 which are computed by averaging 12-months end closing numbers of each year)
FY2013 USD6.82/bbl
FY2014 USD8.03/bbl
FY2015 USD12.10/bbl
FY2016 USD8.04/bbl
FY2017 USD10.34/bbl
FY2018 USD5.82/bbl
FY2019 USD4.90/bbl
FY2020 USD1.44/bbl
FY2021 USD7.78/bbl
Average 2013-2021 : USD7.25/bbl
--------------------
Q1 2022 USD13.53/bbl
YTDMay22 USD17.67/bbl
Today USD27.43/bbl
You must go to match the earnings of Petron and HY to the respective years' crack value and convinced yourself that these refinaries still made reasonable/good amount of profit during those years when crack spreads were below USD8/bbl most of the time!
Barring any exceptional expenses or loss, Petron and HY only need crack spread of about USD2/bbl to breakeven.
So, no need to cry father, cry mother, cry grandfather and grandmother too !
Stay invested and avoid the trap of manipulators/sharks who are waiting for you to dump.
Numbers can not lie, human being do.

Posted by Johnzhang > 2022-06-08 11:35 | Report Abuse

i am happy to add more petron and HY at bargain prices this morning and prepared to hold them for 6-9 months.

Posted by brian3381 > 2022-06-08 11:50 | Report Abuse

sold today for the contra gain. old stock hold tight tight!!!!!

Posted by hengpetron > 2022-06-08 12:40 | Report Abuse

who care!

Posted by hengpetron > 2022-06-08 12:50 | Report Abuse

Go and fly kite

Posted by MoneyMakers > 2022-06-08 13:00 | Report Abuse

Historically low crack spreads proves high crack spreads unsustainable

Spreads always get squeezed..thats how oil markets work

Posted by hengpetron > 2022-06-08 13:37 | Report Abuse

yak see

Posted by stingray_ea > 2022-06-08 15:27 | Report Abuse

rm 7.25 can easily break ....

Posted by stingray_ea > 2022-06-08 15:44 | Report Abuse

good luck to those jump in 6.98 and below ..

====================
stingray_ea

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

5 hours ago
====================

Posted by param1 > 2022-06-08 15:51 | Report Abuse

PAAAANNNNIIICCCC LAAAA

Posted by stingray_ea > 2022-06-08 16:13 | Report Abuse

Hope this would not happen…
But history is always repeat ..
Petronm is the next topglov in make …

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


stingray_ea
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

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

Posted by Jerichomy > 2022-06-08 17:22 |

Post removed.Why?

Posted by soon2795 > 2022-06-08 17:38 | Report Abuse

https://oilprice.com/Energy/Energy-General/Are-Oil-Stocks-Due-For-A-Correction.html

Posted by brian3381 > 2022-06-08 19:50 |

Post removed.Why?

Posted by Jerichomy > 2022-06-08 20:42 |

Post removed.Why?

Posted by brian3381 > 2022-06-08 22:17 |

Post removed.Why?

Posted by Jerichomy > 2022-06-08 22:18 |

Post removed.Why?

Posted by brian3381 > 2022-06-08 22:20 |

Post removed.Why?

Posted by brian3381 > 2022-06-08 22:24 |

Post removed.Why?

Posted by Johnzhang > 2022-06-09 07:33 | Report Abuse

I personally feel many people in this forum bark the wrong tree.
HY and Petron are NOT crude oil producers who benefit or suffer from crude oil price up /down.
Instead, they are refiners who derive their profits from refining activity and selling the refined products. What matter to them is the difference between crude price and the refined products prices ie crack spread!
crude oil price movement (up or down) merely impact the inventory value of physical stock and outstanding crude oil purchase contract. The risk of crude price change can easily be covered by prudent hedging and this is what both Petron and HY do.
Also, the conversion cost of turning crude into refined products is merely about Usd2/bbl . Therefore, gross profit at refinery plant level is crack spread minus about usd2/bbl Crack spread level at USD28 today present insane amount of gross profit! Bear in mind that average crack from 2016-2021 was merely $6.39 and yet HY and Petron made reasonable level of profit.
Simple enough reasoning ?

Posted by klee > 2022-06-09 09:32 | Report Abuse

monkeymakers hiding today

Posted by klee > 2022-06-09 09:53 | Report Abuse

monkeymakers...one big buy order can send petronm to rm8 ya....wakaka

Posted by stanleyohh88 > 2022-06-09 09:55 | Report Abuse

may i know petro is leader of oil counter now?

Posted by stingray_ea > 2022-06-09 09:56 | Report Abuse

breakout buyer buy high chase high sell high ......hai ha hai ... yes ..yse ..yes

Posted by stanleyohh88 > 2022-06-09 10:00 | Report Abuse

what is next resis price?

Posted by searchingmoney > 2022-06-09 10:57 | Report Abuse

Big M mari...?

Posted by Collin59 > 2022-06-09 11:46 | Report Abuse

sold all tq tq hahaha

Posted by Collin59 > 2022-06-09 11:46 | Report Abuse

sideline a while bursa no power vol gg

Posted by Collin59 > 2022-06-09 11:47 | Report Abuse

banker no money bank share drop also no a good sign

Posted by Collin59 > 2022-06-09 11:47 | Report Abuse

opec fullly buat oil bye la petronm

Posted by stingray_ea > 2022-06-09 12:08 | Report Abuse

70:30 break Rm7.50 .

Posted by param1 > 2022-06-09 12:21 | Report Abuse

WHERE ARE YESTERDAYS BARKING DOGS???

Posted by klee > 2022-06-09 12:31 |

Post removed.Why?

Posted by Karma4444 > 2022-06-09 12:53 | Report Abuse

Next week can up to 8.00

Posted by MoneyMakers > 2022-06-09 13:10 | Report Abuse

Aiyaa nothing goes down in str8 line

Normal got people/syndicate average down to exit..see rebound here there

But end result still same @ bloodbath down to pre-goreng price rm4.5

Posted by nicholas99 > 2022-06-09 13:53 | Report Abuse

pang72 abandon hengyuan already?

Posted by brian3381 > 2022-06-09 14:29 |

Post removed.Why?

Posted by stanleyohh88 > 2022-06-09 15:04 | Report Abuse

press down and push up again?

Posted by Jaes > 2022-06-09 16:23 | Report Abuse

petron strong

Posted by nicholas99 > 2022-06-09 16:25 | Report Abuse

double top?

Posted by Jerichomy > 2022-06-09 16:39 |

Post removed.Why?

Posted by brian3381 > 2022-06-09 22:05 | Report Abuse

Huat chaiii

Posted by brian3381 > 2022-06-09 22:49 |

Post removed.Why?

Posted by brian3381 > 2022-06-10 09:47 | Report Abuse

strong!!!! leave hy behind!!!

Posted by bf70 > 2022-06-10 12:01 | Report Abuse

It's a lot https://youtu.be/MgmRLgxAJ1s

Posted by 888STOCK888 > 2022-06-10 12:07 | Report Abuse

run lo... make sense to buy HY with the 1.10 different