although we hope someone will push up 12->15->18->, but all of us already know very well, if u are the good guy to push up 15, then other people will grab all $$$ & run away, and what's leftover for u (but cost yourself awful lot of money) coz this is not 1st round anymore ...
For me, it's simple just hold till Q1 I believe results would be above expectation As for the butt spread many have been talking about, it has only drop in April and who is to say it won't rebound by May & June. When Q1 better than expectation naturally price would move up.
I google search something (some figures) to verify PROBABILITY's claim of the 50% capacity reduction after the upgrade based on the released news of Gasoline production of 1.15 millions tonnes per annum after the upgrade.
I was really surprised that from the additional information (which was in the year 2016) I got, it worked out that Probability's claim that the production capacity would be reduced by 50% after the upgrade is true.
I stop here. It is for Probability to reveal. I now trust his sincerity.
Dear all, http://europe.chinadaily.com.cn/business/2017-08/26/content_31140220.htm Highlight: Upon completion, this upgrade will allow the group's Port Dickson refinery to produce up to 1.15 million metric tons of gasoline per annum, Wang added. Hengyuan currently manages and operates a refinery in Port Dickson, Negeri Sembilan in Malaysia, with licensed production capacity of 156,000 barrels per day. http://hengyuanrefining.listedcompany.com/newsroom/HRC_AR2016_pg_40-61_part_2.pdf Highlight: The Products produce by Hengyuan Malaysia: 1. LPG 2. Propylene 3. Ligh Naphtha 4. Gasoline 5. Avation Fuel 6. Diesel 7. Fuel oil Compenent ( very Heavy Residue Bitumen) The Long Residue Catalytic Cracker is use to convert the bottom feed (Long Chain Hydro carbon) from Crude Distiller for cracking to (short chain hydro carbon) LPG, Propylene, Gasoline and Diesel with the balance as Heavy residue (Bitumen) for road surfacing. Will ask the board to give Product yield (Mass balance) and capacity before and after upgrade? Thank you.
Dont spread fake news la bro, reduce 50% production we not calling that upgrade la bro, that is downgrade, why as such refiners want to spend money to downgrade, if management really stupid the share would be 5sen lor.. kah kah kah.
If fake news like 50% cut in production also can be trusted, then pig can fly also true lah... Use common sense lah...a sour grape who panicked and sold at the bottom, came back to create fear..can we trust him? His credibility is down the drain..
The key issue is 1.15 millions tonnes per annum of Gasoline, which is about 9 million barrels per annum of Gasoline, represents how many percent of the total output of the plant for all the mix of products?
What are the yields for each category of the product mix?
1 barrel of crude oil will yield how much of gasoline?
“This upgrading will also include state-of-the-art technologies that have been tried-and-tested in refineries in Shandong, China. Upon completion, this upgrade will allow our Port Dickson refinery to produce up to 1.15 million tonnes of gasoline per annum,” Mr. Wang added.
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....
Alex™
12,593 posts
Posted by Alex™ > 2018-04-17 22:49 | Report Abuse
ikan bilis debating who is going to get bigger first