My take ... Crack spread certainly has a bearing on the fortunes of Petron, given that it has a refiner.
The spread plunged considerably in early July and was in negative territory albeit only for fleeting moments. However that is a one-size-fits-all generic curve.
Specifically for Petron, it appeared worst to have generated a negative gross profit.
Dear i3lurker, As a minority shareholder of Petron Malaysia I just exercise shareholder right to hold The Boaed and Management accountable and resposinle for what happen in the company.
Petron Malaysia management owe minority shareholder a duty to engage with IB Kenanga to clarify Petron Malaysia is not a pure play refinery as stated by Kenanga analyst but refinery + refine petrol products retail and commercial sell + biodisel for their commercial diesel (B7) and their future Capex plan to capture more retail and commercial sell and my questions on Q3 financial result.
I repeat this is not a buy call but me promoting shareholder activism. Remember: Always invest with your spare money you can afford to lose.
Fusion Breakthrough Scientists in California have made a key breakthrough in nuclear fusion, a technology with the potential to transform the global energy landscape. Researchers at the US Department of Energy were able produce a fusion reaction that generated more energy than it consumed, according to a source there. While the results represent a breakthrough, it’s still a long way to creating a viable technology.
U.S. Energy Secretary Jennifer Granholm confirmed that scientists achieved a reaction that created more energy than was used — known as a net energy gain — at the federally-funded Lawrence Livermore National Laboratory in California.
“Last week at the Lawrence Livermore National Laboratory in California, scientists at the National Ignition Facility achieved fusion ignition,” Sec. Granholm said. “It’s the first time it’s ever been done. … Simply put, this is one of the most impressive scientific feats of the 21st century.”
this was offset by non-operating income largely traced to mark-to-market commodity hedging gain, income tax benefits from reduced tax provision due to the financial impact of oil market correction and tax incentives from diesel hydrotreater project
The retail price of RON97 petrol dropped 20 sen from RM3.75 to RM3.55 per litre, while the prices of RON95 and diesel will remain unchanged for the week beginning Thursday till Dec 21.
The Ministry of Finance, in a statement on Wednesday, said the ceiling price of RON95 and diesel would remain at RM2.05 and RM2.15 per litre respectively although the market prices of the two products have increased beyond the current ceiling prices.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2909 views | 2 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
King_trader_shadow
224 posts
Posted by King_trader_shadow > 2022-11-24 10:15 | Report Abuse
Earning good leh!