crude oil traders are fickle, they are just constantly looking for excuses to long/short. for petron, oil price will only affect inventory gains/losses which will fluctuate qoq, more important is the refining margin and how the biz is growing
that said, crude oil is rallying at the right timing, just before Mar quarter ends. that means 1Q earnings will still be good. maybe not as great as last quarter (that was exceptional) but still good
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....
myongcc5
708 posts
Posted by myongcc5 > 2017-03-30 11:22 | Report Abuse
Ha ha ha, manmy I like yr answer despite not the ctr