Posted by stingray_ea > 2022-07-12 10:25 | Report Abuse

4.46 now

Posted by The St. Goreng > 2022-07-12 17:01 | Report Abuse

Ehh how come this forum so quiet? I thought here used to be very happening?

Don't hide la. come out promote la. Cheap2 what?

Posted by limkokthye > 2022-07-12 17:08 | Report Abuse

Pity who buy at 7.73 kena potong 9696

Posted by AzlanIshtiqal > 2022-07-12 18:06 | Report Abuse

Tak apa. Tunggu Q2 results bulan depan. Q2 akan lebih baik daripada Q1

Posted by RWG > 2022-07-12 19:12 | Report Abuse

oil price at usd70 is good for world economy

Posted by RWG > 2022-07-12 22:59 | Report Abuse

when economy start moving, petronm also benefiting

Posted by limkokthye > 2022-07-13 07:59 | Report Abuse

Keep long term, car and lorries still need alots of oil

Posted by ValueInvestor888 > 2022-07-13 09:51 | Report Abuse

nice price...

Posted by dompeilee > 2022-07-13 09:56 | Report Abuse

Bought back 40% of the Petron @ 4.23 just now, that I SOLD from 7.27 down to 5.56 recently.

Posted by investor2021trading > 2022-07-13 10:01 | Report Abuse

just got my 20 cent dividend yesterday! d price is so low now due to d dropped in crack spread but d retailing margin is still profitable as compared to before d covid19 pandemic n Russian's oil sanction!

Posted by RWG > 2022-07-13 10:42 | Report Abuse

bear become weak day by day, the dust almost settle down

Posted by supersinginvestor > 2022-07-13 11:00 | Report Abuse

Looks like who want to sell aldy sold....
Now limited downside..
I think safe for me to buy back...
Good share good price.
:-))))

Posted by param1 > 2022-07-13 11:07 | Report Abuse

MASUK.....

Posted by supersinginvestor > 2022-07-13 11:48 | Report Abuse

Actually all this profit for whom bulsheet i oso dont know..all i know is i bought cheap sold high now buy back cheap my cost will be rm1...lol...
So who cares...

Posted by supersinginvestor > 2022-07-13 11:49 | Report Abuse

If anyone want to figure out petronm n theur hedging better go get a job...dont play shares.
Shares for lazy people...

Posted by dompeilee > 2022-07-13 16:57 | Report Abuse

dompeilee

Bought back 40% of the Petron @ 4.23 just now, that I SOLD from 7.27 down to 5.56 recently.

7 hours ago

Took intraday profit by SELLING @ the close $4.43 =)

Posted by supersinginvestor > 2022-07-13 17:21 | Report Abuse

Ok dompielee.
I.buy from u..
:-))))

Posted by Sslee > 2022-07-13 17:44 | Report Abuse

PETALING JAYA: The price of RON97 will go down by five sen to RM4.75 per litre, the finance ministry announced.

The price of RON95 is unchanged and will continue to retail at RM2.05 per litre. The price of diesel, too, remains at RM2.15 a litre.

These prices will be effective from midnight until July 20.

RM4.75 or USD 4.75/4.44 =USD 1.07/litre
= 159× 1.07= USD 170/barrel

Posted by dompeilee > 2022-07-13 20:44 | Report Abuse

Crude oil slumps below $100 per barrel with US futures as inflation accelerates to 9.1%

Posted by supersinginvestor > 2022-07-13 20:47 | Report Abuse

Lol...no one cares lor...
Already factored in...
Petronm sellers aldy sold...bottom aldy...
Those contra players will sell if they cant holder but now on no more sell down..
:-)))

Posted by supersinginvestor > 2022-07-13 20:50 | Report Abuse

Dompeilee tom u sell. I buy from u..
:-)))

Posted by AzlanIshtiqal > 2022-07-13 22:58 | Report Abuse

Harga minyak masih tinggi. Tunggu keputusan utk Q2..

Posted by RWG > 2022-07-13 23:11 | Report Abuse

oil too high , economy die

Posted by dompeilee > 2022-07-14 07:56 | Report Abuse

Sri lanka's ppl are showing the way fwd for corrupt govts.

Posted by onlyinvestment > 2022-07-14 08:21 | Report Abuse

Haven yet reach attractive enter price.

Posted by supersinginvestor > 2022-07-14 09:14 | Report Abuse

My favourite new share
:-)))
Yummy...

Posted by nicholas99 > 2022-07-14 09:16 | Report Abuse

U.S. inflation rose 9.1% in June to hit a fresh four-decade high, topping economists' forecast for a 9% rise, driven by an 11.2% leap in gas prices and a 1.0% increase in food prices.

This “will be the last big increase,” Pantheon Macroeconomics said, as margins fall, wage gains slow and commodity prices decline. “But right now this report will make for very uncomfortable reading at the Fed,” it added.

With just two weeks to go until the Fed’s July meeting, investors are now betting that the Fed will be forced to deliver a 1% rate hike, bringing the central bank closer to reaching a restrictive stance on monetary policy. Following the report, Atlanta Federal Reserve President Raphael Bostic fueled further speculation of a 1% rate hike, saying "everything was in play."

The odds of a 1% rate hike jumped to 76% from just 10% a day earlier, according to Investing.com’s Fed Rate Monitor Tool.

Posted by AzlanIshtiqal > 2022-07-14 17:12 | Report Abuse

Masih pegang dan menantikan keputusan Q2 yg baik...

Posted by supersinginvestor > 2022-07-14 17:20 | Report Abuse

Beware blak friday or blak monday.
Oil will crash...
N will go down alot to 70 maybe..
I m ready to buy bak my baby petronm..
Huat ah...

Posted by limkokthye > 2022-07-14 18:04 | Report Abuse

Oil price low good for all economy

Posted by NatsukoMishima > 2022-07-14 21:44 | Report Abuse

2.xx coming within 3 months !

Posted by RWG > 2022-07-14 22:00 | Report Abuse

mco 2020 oil price drop to negative, petron also cannot 2.xx, really a joke

Posted by RWG > 2022-07-14 22:12 | Report Abuse

oil price high , make all around the world inflation, economy cant move at all, usage of oil also low, if economy move smoothly, usage of oil will become more and more, every sector also good

Posted by treasurehunt > 2022-07-14 22:14 | Report Abuse

High crude oil kill the golden goose lor…

Posted by RWG > 2022-07-14 22:44 | Report Abuse

hold petronm tight tight, economy will push up the usage of oil more and more

Posted by Jerichomy > 2022-07-15 11:37 |

Post removed.Why?

Posted by supersinginvestor > 2022-07-15 14:42 | Report Abuse

Beware those who no holding power...
Black friday or black monday...

Posted by Zhuge_Liang > 2022-07-15 14:46 | Report Abuse

Is best to let the US stock markets crash once and for all like March 2020.
A V shaped recovery is better than slowly dying day by day.

Posted by Annetan > 2022-07-15 14:56 | Report Abuse

In my opinion,it's not a matter of holding power.It's precisely too much holding power that kills cause our market is a ferocious bear.You must have a technical cut loss point level unless you are able to endure heavy paper losses.How much is really subjective as it depends on your entry level.The Ukraine crisis reveals potentially many many years of bad times ahead.It's not as simple as it looks.

Posted by supersinginvestor > 2022-07-15 15:00 | Report Abuse

No la...
Ofcourse people got holding power..if no..then shares will be zero la...
Share market is zero sum game...
U sell to someone...
Not many people can or like holding cash...
Investing all the time is best...
Buy n sell at ur price..n hold at you price...

Posted by supersinginvestor > 2022-07-15 15:01 | Report Abuse

Oil will go down near term.beware...its not over yet...

Posted by dompeilee > 2022-07-15 15:23 | Report Abuse

Ooops...tumbling again :) Got more tikaming chances closer to 4 & below...let China's looming crisis bring prices way down lol

Posted by AzlanIshtiqal > 2022-07-15 18:34 | Report Abuse

Sabar. Tunggu keputusan Q2 bulan depan.

Posted by RWG > 2022-07-15 21:28 | Report Abuse

stuck at 6.10:(

Posted by supersinginvestor > 2022-07-16 10:20 | Report Abuse

Gosh high..its ok bro..it will go bak up again..i oso buying now join u...

Posted by Jerichomy > 2022-07-16 14:32 |

Post removed.Why?

Posted by StingRay > 2022-07-16 14:40 | Report Abuse

AnneTan, cutting losses is what shortist would love you for. During a bullrun, setting a cutloss will be good. but during a bear run, meaning like current situation, the shortist will be laughing all the way to the bank. That is how they rely on making money lah. Haiya.

Posted by Sslee > 2022-07-16 15:22 | Report Abuse

BREAKING NEWS: Germany Faces Coal Supply Crisis As Rhine River Waters Dwindle
Home Latest Energy News
Big Oil Poised For “Exceptional” Earnings Thanks To High Refining Margins
By Tsvetana Paraskova - Jul 15, 2022, 12:30 PM CDT

High refining margins and fuel demand in the second quarter are set to lead to exceptional earnings at Big Oil’s refining businesses.

Some of the largest international oil majors have already announced expectations of blockbuster earnings from their refining divisions when they report Q2 profits later this month.

The latest company to preview blockbuster earnings in refining was France’s supermajor TotalEnergies, which said on Friday that “Refining & Chemicals results are expected to be exceptional given the very high levels of distillate and gasoline cracks.”

TotalEnergies’ variable cost margin across its European refining business jumped to $145.70 per ton in the second quarter, more than three times the $46.3 per ton margin for the first quarter of this year.


“Performance of the gas, LNG and power trading activities is expected to remain high, but without replicating the exceptional contribution of the first quarter of 2022,” TotalEnergies added.

Shell also said last week that its indicative refining margin—an approximation of Shell’s global gross refining unit margin—surged to $28.04 per barrel in the second quarter, compared to $10.23 barrel in the first quarter of 2022.

Posted by StartOfTheBull > 2022-07-16 16:33 | Report Abuse

Attractive price now.

Posted by investor2021trading > 2022-07-17 17:47 | Report Abuse

does fuel tax duty cut undertaken by US n other countries to bring down retail gasoline prices affect d profit margin of oil refiners?