HENGYUAN REFINING COMPANY BERHAD

KLSE (MYR): HENGYUAN (4324)

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Last Price

2.45

Today's Change

+0.03 (1.24%)

Day's Change

2.43 - 2.47

Trading Volume

323,800


33 people like this.

123,786 comment(s). Last comment by FreshMango 22 hours ago

hollandking

3,694 posts

Posted by hollandking > 2018-05-02 19:52 | Report Abuse

so guys, plz don't spit at those wearing BN shirts, some could be PH supporters

joekit

833 posts

Posted by joekit > 2018-05-02 20:39 | Report Abuse

PH new reban in petronm....cmon y'all lets go smell ms.pet armpit. ms heng armpit no more oomph.....dragon is planning to move all the ph flag there soon..hahaha

qqq3

13,202 posts

Posted by qqq3 > 2018-05-02 20:45 | Report Abuse

joekit > May 2, 2018 08:39 PM | Report Abuse

..dragon is planning to move all the ph flag there soon..hahaha

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

dragon, I think dragon should expand and conuer Petron land

keropea

102 posts

Posted by keropea > 2018-05-02 21:14 | Report Abuse

based on in/out today numbers, huge sum is absorbing late afternoon. will see can sustain o not

joekit

833 posts

Posted by joekit > 2018-05-02 21:43 | Report Abuse

after win all pakatan saporter become boss. got one macai is their wife and have to give epf one...so oso giv minimum salary...kekekekeke...good hoh? hehehehe

stockraider

31,556 posts

Posted by stockraider > 2018-05-02 22:10 | Report Abuse

RAIDER ASK U ALL LAH ....!!

WHY U WORRY ABOUT MANIPULATION LEH ??

IF THE STOCK IS FUNDAMENTAL STRONG & UNDERVALUE...NO MATTER HOW U MANIPULATE, EVENTUALLY IT WILL ALWAYS GO UP IN THE LONG RUN MAH..!!

THE ABOVE IS NOT RAIDER SAYS, IT IS ADVICE BY W.BUFFET MAH..!!

SHORT TERM STOCK IS A VOTING MACHINE BUT LONGER IT IS A WEIGHING MACHINE LOH...!!

PUT IT THIS WAY LOH, IF MANIPULATION SEND THE STOCK DRASTICALLY WRONG WAY U BUY LOH....!!
LET MR MARKET ACT STUPID, U TAKE ADVANTAGE OF HIM LOH...!!

Posted by 3iii > May 2, 2018 07:49 PM | Report Abuse

Hengyuan market share price is very volatile due to manipulation.

Q1. Investment Bank issued hundred millions of Call Warrants without holding significant share in Hengyuan. Example; Maybank investment Bank Berhad CJ, CI, CQ, CR 4x100,000,000 call warrants but holds 2,184,000 shares as of latest report. Any rule and regulation regarding issuing of call warrant?

Q2. Small free float of Hengyuan shares: With issue share capital of 300,000,000 shares and public shareholding spread of approximately 48.98 % or 146,940,000 shares. Hence many syndicates were feeding greed to push up the price, after they have sold their shares then spreading (false news) fear to push down the price and collect back cheaply and repeat the vicious circle of greed and fear again. These robbers had robbed many innocent investors of their life saving. This had to be stopped. I suggest board decide now to increase issue share capital with share split, bonus share, free warrant and ESOS?


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

The pertinent observation of Sslee:

Hence many syndicates were feeding greed to push up the price, after they have sold their shares then spreading (false news) fear to push down the price and collect back cheaply and repeat the vicious circle of greed and fear again. These robbers had robbed many innocent investors of their life saving. This had to be stopped.

Knowing this counter is manipulated, why did you choose to be involved in this counter?

Do you have an advantage over others in this investment?


From all the questions asked, you are actually investing in a very difficult to understand business.

Of the 4 tenets of investing by Buffett, one of his tenets is: He only invests in a business he understands.

Tongkarat

7,587 posts

Posted by Tongkarat > 2018-05-02 22:54 | Report Abuse

The ground is vibrating hard in Johor....light blue eye gaining momentum every second.....yesssss

Tongkarat

7,587 posts

Posted by Tongkarat > 2018-05-02 22:55 | Report Abuse

Go go go....light blue eye all the way.....

Tongkarat

7,587 posts

Posted by Tongkarat > 2018-05-02 22:57 | Report Abuse

BN is going to be Be End....light blue eye is the only choice...

GoodBoy

6,594 posts

Posted by GoodBoy > 2018-05-02 23:07 | Report Abuse

Let us go all out support Pakatan Harapan ... convince everyone to vote PH for a better future ... come back to make more money after GE14 ... cheers ...

apolloang

18,163 posts

Posted by apolloang > 2018-05-02 23:07 | Report Abuse

just back from pakatan mega rally ceramah at han chiang penang

apolloang

18,163 posts

Posted by apolloang > 2018-05-02 23:08 | Report Abuse

rayer said gonna escort jibby to sg buloh on may the 10th.....hahaha

moneypedia

5,987 posts

Posted by moneypedia > 2018-05-02 23:16 | Report Abuse

ceramah, adoi lama xgi ceramah agama, lagho bebeno aku ni layan stock market je kejenye....insaf2...

apolloang

18,163 posts

Posted by apolloang > 2018-05-02 23:19 | Report Abuse

everyday only a few counters got volume,the rest is sleeping,apa bursa ini? better delist all and left with 100 counters enough

Tongkarat

7,587 posts

Posted by Tongkarat > 2018-05-03 00:16 | Report Abuse

To all my beloved forum members....please do not let Pakatan Harapan tinggal harapan... Jadikan lah Pakatan Harapan suatu kenyataan...suatu realisasi.... Lets spread the news everywhere you go....convey the message to everyone... Lets win the battle together.... Light blue eye

probability

14,463 posts

Posted by probability > 2018-05-03 00:22 | Report Abuse

yes , BN will die die to ensure they win.
remember last election, they somehow made BN win despite all marginal votes victory and dun average were indeed exceeding BN.

as such every single damn vote counts
.....................................

do not leave a minutest chance for them to win...

every single old man, uncle, aunties you find...please persuade them.
youngster have access to the media and whatsap...but not the elderly.

they will blindly vote for BN due to years of conditioning of the brain - neural paths.

please do and all out effort to ensure they vote for PH
.......................................................

ITS AN ABSOLUTE MUST THAT PH WINS.

JokerT

1,391 posts

Posted by JokerT > 2018-05-03 01:46 | Report Abuse

tomorrow break 8.50

Posted by 10154675247544965 > 2018-05-03 06:42 | Report Abuse

Today break 8.5

Posted by ArchangelAmbrose > 2018-05-03 07:09 | Report Abuse

if harapan menang, my portfolio tak ada harapan dah.

Posted by ArchangelAmbrose > 2018-05-03 07:10 | Report Abuse

our share market would take another hit due to many uncertainties

Alex™

12,593 posts

Posted by Alex™ > 2018-05-03 07:26 | Report Abuse

No use one la... Peninsula can syoik sendiri... Come sarawak then you know... Next election we are going to have more seats

Lee Yih Yeong

1,771 posts

Posted by Lee Yih Yeong > 2018-05-03 08:03 | Report Abuse

PKR hard to win as they facing few corner fight by PAS party. you know that kampung people some is religion supporters . the split vote will make BN win easily.

Sslee

5,635 posts

Posted by Sslee > 2018-05-03 08:49 | Report Abuse

Dear all,
What is the difference between an Ordinary Thief (OT) & a Political Thief (PT)?

1. The Ordinary Thief steals your Money, bag, watch, gold chain etc.
But, The Political Thief steals your future, your children future, career, education, wealth, health & business!

2. The hilarious part is :
The Ordinary Thief will choose whom to rob. But, you yourself choose the Political Thief to rob you.

3. The most ironic one :
Police will chase and nab the Ordinary Thief. But, Police will look after and protect the Political Thief!
That’s the travesty cum irony of our current society!
And, we blindly say we are not blind!

*Too good not to share

Thank you

Alex™

12,593 posts

Posted by Alex™ > 2018-05-03 08:53 | Report Abuse

they come out because dedak tak enough distribute d...that's why they mogok...but no use one.... here sarawak ppl easily satisfy....just yesterday night i received blue color manifesto

Sslee

5,635 posts

Posted by Sslee > 2018-05-03 08:54 | Report Abuse

Dear all,
My fair and objective opinion on Hengyuan ability to pay better dividend as follow:
HENGYUAN:
CURRENT ASSET = RM 2,875,154,000
CURRENT LIABILITIES = RM 695,412,000
NON-CURRENT LIABILITIES = RM 1,167,947,000
Ratio:
1.Current assets/Current liabilities= 2,875,154/695,412 = 4.13
2.Current assets/Non-current liabilities=2,875,154/1,167,947= 2.46
3.Current asset/Total liabilities= 2,875,154/(695,412+1,167,947) = 1.57
PETRONM
CURRENT ASSET = RM 1,596,977,000
CURRENT LIABILITIES = RM 1,111,499,000
NON-CURRENT LIABILITIES = RM 99,738,000
Ratio:
1.Current assets/Current liabilities= 1,596,977/1,111,499 = 1.43
2.Current assets/Non-current liabilities=1,596,977/99,738= 16.01
3.Current asset/Total liabilities= 1,596,977/(1,111,499+99,738) = 1.31
Final Dividend 25 cents per share

In the Board opinion comparing these two companies:
Which Company may not be able to satisfy the solvency position within 12 months following the proposed distribution of dividend if it is made to the shareholders?

Thank you

Tongkarat

7,587 posts

Posted by Tongkarat > 2018-05-03 09:41 | Report Abuse

Come come come.... Lai lai lai....support light blue eye

Tongkarat

7,587 posts

Posted by Tongkarat > 2018-05-03 09:42 | Report Abuse

Light blue eye the only way...all the way

Tongkarat

7,587 posts

Posted by Tongkarat > 2018-05-03 09:45 | Report Abuse

Ahmad Maslan and Be End has been busy trying to win voters heart BUT people are warming up with light blue eye....light blue eye is the saviour....

Tongkarat

7,587 posts

Posted by Tongkarat > 2018-05-03 09:47 | Report Abuse

After scouting Pontian...later this afternoon we are going to help in Air Hitam and Yong Peng....light blue eye all the way....

Kawkaw

858 posts

Posted by Kawkaw > 2018-05-03 09:50 | Report Abuse

Fren..
Let blue eyes kite flying n dancing on the open sky...your support are essential to ensure such kite intact..hold string together.

hollandking

3,694 posts

Posted by hollandking > 2018-05-03 09:52 | Report Abuse

Tun Daim is known for accurately predicting election result and this time he is predicting a win for Harapan and he is now campaigning for Harapan.

Even if Harapan can't win, I'm sure their result will be much better or close to the threshold of winning putra jaya.

Tongkarat

7,587 posts

Posted by Tongkarat > 2018-05-03 09:55 | Report Abuse

Working tirelessly to turn Johor into light blue eye.....light blue eye

stockraider

31,556 posts

Posted by stockraider > 2018-05-03 10:02 | Report Abuse

Remember this loh....!!

Whether BN wins or Pakatan wins....HY is going to go up, no matter what, bcos strong cashflow and highly undervalue loh...!!

BN wins HY up faster loh.....!!

Pakatan wins HY up slower but higher than BN wins loh...!!

We are not talking up of 10% to 20% loh...!!

We are talking about 100% gain over period of 7 mths loh...!!
The potential TP of Rm 13.00 to Rm 16.50 is not far fetched for HY loh..!!

stockraider

31,556 posts

Posted by stockraider > 2018-05-03 10:11 | Report Abuse

THATS WHY U MUST BUY CAREFULLY LOH, DO NOT OVERPAY LOH....!!
STICK TO SHARE CORRECTED PRICE UNDERVALUE HY TO AVOID HIGH RISK LOH...!!
HENGYUAN TRADE AT PE 3X COMPARE TO WARREN BUFFET REFINERY PHILIP 66 PE 22X AND PETDAG PE 20X LOH....!!

ONLY BUYING INTO VERY HIGH UNDERVALUATION IN INVESTMENT, WITH BIG MARGIN OF SAFETY LIKE HY WILL PROTECT U, WHEN BIG CORRECTION STRIKE LOH...!!

Market correction of 30-40% could be coming soon, investment guru Mark Mobius warns
Author: Tan KW | Publish date: Thu, 3 May 2018, 09:44 AM

(May 2): The long bull run for stock markets could be due a correction, according to one prominent emerging markets investor.

"There could be a substantial correction in the markets," Mark Mobius, founding partner at Mobius Capital Partners, told CNBC Wednesday.

A 30 to 40 percent adjustment is "not unreasonable," he said, speaking on developed as well as emerging markets. "I'm not predicting that, I'm just saying we've got to be ready for that," he added. Mobius cited the long U.S. bull market, since 2009, as the reason for the correction.

"The catalyst I believe will come from continuing increases in interest rates. The (Federal Reserve) is definitely moving in that direction," he said. "When the Fed moves, everybody else has got to move in that direction."

Mobius also cited the potential impact of political changes on markets. "Any event could also be a trigger," he explained.

"But most importantly we've seen this long bull market that needs a correction," he said.

"Over the long term emerging markets will do very, very well," Mobius said, but he added that "the short-term corrections can be quite dramatic."

Mobius was speaking to coincide with the launch of his new asset management firm Mobius Capital Partners. This will be focused on improving governance in emerging and frontier market companies.

He spoke positively about an improved working relationship with Chinese firms in particular.

"It's been very, very gratifying to see that the Chinese government has put a lot of emphasis on corporate governance," he said.

Mobius described a "sea change in attitude" from Chinese companies, which are becoming "much more receptive." - CNBC

probability

14,463 posts

Posted by probability > 2018-05-03 10:20 | Report Abuse

aiyo...before result come out chicken monk will become more and more desperate leh...

another 3 weeks to go ma..

at least real chicken will scream ONLY after laying the eggs liao..kiki

stockraider

31,556 posts

Posted by stockraider > 2018-05-03 10:27 | Report Abuse

THERE MAYBE NEW REFINERY BUT THEN THERE ARE DE COMMISSIONING OF MANY OLD REFINERY TOO MAH....!!

REMEMBER ,MOST IMPORTANTLY IF U BUY HY, U R INVESTING INTO THE WORLD MOST COST COMPETITIVE REFINERY IN THE WORLD MAH....!!

THOSE INVESTMENT INTO NEW REFINERY, LIKE PETRONAS PENGERANG VERY HIGH COST LOH, LIKE THE COST RM 58 PER BARREL PRODUCTION, JUST DEPRECIATION ALONE LOH...!! NO WAY CAN COMPETE WITH IDEAL COST COMPETITIVE HENGYUAN LOH....!!

stockraider

31,556 posts

Posted by stockraider > 2018-05-03 10:31 | Report Abuse

ASK YOURSELF WHAT IS THE COST OF 1K BPD CAPACITY LEH ?
IT WILL COST USD 21.25M PER 1K BPD FOR MARATHON OIL LOH...!!

FOR HENGYUAN LEH ??
IT WILL COST ONLY USD 4.8M PER 1K BPD LOH...!!

HENGYUAN IS THE MOST COST EFFECTIVE REFINERY IN THE WORLD LOH..!!
A new powerhouse has been born in the oil industry just as prices spring back to life.
Marathon Petroleum (MPC) reached a $23 billion deal on Monday to scoop up rival Andeavor (ANDV), creating the largest oil refinery in the United States.

The combined company will be able to process more than 3 million barrels of crude per day, representing 16% of the nation's total capacity. Marathon also owns the Speedway, the No. 2 gasoline and convenience store chain in the United States.

Powered by SmartAsset.com

SMARTASSET.COM
The energy deal underscores the health of the refining business thanks to soaring appetite for gasoline that has kept their facilities humming.

"For this industry, the wind is behind our backs," Andeavor CEO Greg Goff told analysts during a conference call.

Global oil demand grew during the first three months of 2018 by the most in nearly eight years, according to Goldman Sachs.

"The state of refining in the United States is very healthy," said Matt Smith, director of commodity research at ClipperData.

Marathon agreed to pay $30.4 billion for Andeavor, including debt. That would make it the biggest global oil and gas deal since General Electric's (GE) $32 billion takeover of Baker Hughes (BHGE) in October 2016, according to research firm Dealogic.

Soaring oil prices -- crude has climbed above $68 a barrel for the first time in nearly four years -- has accelerated US shale oil production, giving refiners access to more supply.

Related: Why Exxon isn't enjoying America's big oil party

The Andeavor acquisition not only shows confidence in the oil price rally, but represents a bet on the US shale oil boom. Andeavor owns two refining plants located near the Permian Basin, the shale hotbed in West Texas and New Mexico that is pumping more and more oil.

One of the other catalysts for the deal: a 2020 rule change that will prevent ships from burning dirty fuel oil. The switch should boost demand for cleaner fuels that US refiners are able to produce.

stockraider

31,556 posts

Posted by stockraider > 2018-05-03 10:32 | Report Abuse

PROJECTING MARATHON OIL COST INTO HY BASED ON COST ON REFINERY, THE FAIR VALUE OF HY SHOULD BE RM 33.2 PER SHARE LOH...!!

IT IS NO WONDER PETRONAS 300K BPD COST RM 64 BILLION LOH...!!

PETRON COST FOR 90K BPD COST RM 14.0 BILLION LOH...!!

ALL THESE CAN BE SUPPORTED BY COST OF MARATHON OIL PAID TO TAKEOVER REFINERY LOH....!!

REFINERY SHOULD BE VERY VALUABLE FOR NEXT 30 YRS LOH...!!

Posted by stockraider > May 2, 2018 11:54 AM | Report Abuse X

ACTUALLY IF REFINERY ASSETS IS DYING....WHY MARATHON OIL IS PAYING USD 25 BILLION....TO INCREASE ITS CAPACITY BY 1200K BPD PER DAY ??

THEY ARE NOT STUPID MAH....!!

Ricky Yeo

1,637 posts

Posted by Ricky Yeo > 2018-05-03 10:35 | Report Abuse

So little hypothesis, let me generate a few more how HY will go up 100%

HY will go up 100% when:

1. Pakatan wins
2. BN wins
3. North Korea war fallout
3. North Korea peace talk success
4. Oil up $200
5. Oil down $30
6. Cryptocurrencies crashes
7. Cryptocurrencies surge
8. Fed raise rates
9. Fed didn't raise rates

Did I miss any local and global macroeconomic news? This is a good warmup. Conclusion: All are irrelevant.

probability

14,463 posts

Posted by probability > 2018-05-03 10:37 | Report Abuse

CHINA WILL STOP EXPORTING REFINED OIL MA!!

ITS COMING....KAMBING LOH!!!

stockraider

31,556 posts

Posted by stockraider > 2018-05-03 10:39 | Report Abuse

REMEMBER BEN GRAHAM (THE SIFU OF WARREN BUFFET} ADVICE ON MARGIN OF SAFETY AS THE CENTRAL CORE OF ALL INVESTMENT & IN TIME OF RAMPANT FEAR LOH;

THATS WHY U MUST BUY CAREFULLY LOH, DO NOT OVERPAY LOH....!!
STICK TO SHARE CORRECTED PRICE UNDERVALUE HY TO AVOID HIGH RISK LOH...!!
HENGYUAN TRADE AT PE 3X COMPARE TO WARREN BUFFET REFINERY PHILIP 66 PE 22X AND PETDAG PE 20X LOH....!!

ONLY BUYING INTO VERY HIGH UNDERVALUATION IN INVESTMENT, WITH BIG MARGIN OF SAFETY LIKE HY WILL PROTECT U, WHEN BIG CORRECTION STRIKE LOH...!!


Posted by Ricky Yeo > May 3, 2018 10:35 AM | Report Abuse

So little hypothesis, let me generate a few more how HY will go up 100%

HY will go up 100% when:

1. Pakatan wins
2. BN wins
3. North Korea war fallout
3. North Korea peace talk success
4. Oil up $200
5. Oil down $30
6. Cryptocurrencies crashes
7. Cryptocurrencies surge
8. Fed raise rates
9. Fed didn't raise rates

Did I miss any local and global macroeconomic news? This is a good warmup. Conclusion: All are irrelevant.

stockraider

31,556 posts

Posted by stockraider > 2018-05-03 10:43 | Report Abuse

CHINA NOT AS COMPETITIVE AS MSIA MAH...!!

THE CHAIRMAN OF HY TOLD RAIDER LOH...!!

WHY LEH ??
BCOS GOT CRUDE IMPORT QUOTA, REFINE OIL EXPORT QUOTA AND STRONG EMISSION CONTROL ON REFINE OIL PRODUCTION LOH....!!
JUST IMAGINE CHINA NEED TO COMPLY WITH EURO 5 STANDARD NOW AND MALAYSIA STILL AT EURO 2 NOW...!!
HOW CAN CHINA COMPETE WITH HY MSIA LEH ??

Posted by probability > May 3, 2018 10:37 AM | Report Abuse

CHINA WILL STOP EXPORTING REFINED OIL MA!!

ITS COMING....KAMBING LOH!!!

probability

14,463 posts

Posted by probability > 2018-05-03 10:44 | Report Abuse

CRACK SPREAD DROP 3 USD/BRL FROM AVERAGE MARGIN OF 7 USD/BRL IN 2017 MA!!

AT 4USD/BRL MARGIN OF SAFETY STILL VERY VERY GOOD LOH!!!!

3iii

12,923 posts

Posted by 3iii > 2018-05-03 10:49 |

Post removed.Why?

stockraider

31,556 posts

Posted by stockraider > 2018-05-03 10:56 | Report Abuse

RUBBISH COMMENT LOH...!!

A QUICK CHECK BY RAIDER ON THE FORWARD CRACK SPREAD...THE MACRO REFINE MARGIN HAS REBOUNDED TO USD 7.30 TO USD 8.20 PER BARREL LOH...!! WITH AVERAGE ABOUT USD 7.80 PER BARREL, THIS IS A SMALL DECREASE FROM THE RECORD PROFIT 2017, WHERE THE AVERAGE OF ONLY USD 8.40 MAH...!!

BTW THE CURRENT CRUDE DIFF BETWEEN BRENT & WTI IS ABOUT USD 5 TO 6 PER BARREL COMPARE TO USD 3 TO 4 PER BARREL IN 2017 MAH...!!

WHATEVER SLIGHTLY LOWER CRACK SPREAD, HY MANAGE TO COVER FROM THE CRUDE DIFF TO MAKE UP THE MARGIN MAH....!!

DON FORGET 2017, THERE IS RECORD EPS OF RM 3.10 FOR HY, IN 2018 THE EXPECTED TARGET EPS IS A CONSERVATIVE RM 2.00 LOH....!!

THUS FAT UPSIDE FOR HY GOING FWD LOH...!!

Posted by probability > May 3, 2018 10:44 AM | Report Abuse

CRACK SPREAD DROP 3 USD/BRL FROM AVERAGE MARGIN OF 7 USD/BRL IN 2017 MA!!

AT 4USD/BRL MARGIN OF SAFETY STILL VERY VERY GOOD LOH!!!!

titus

4,159 posts

Posted by titus > 2018-05-03 11:16 | Report Abuse

Tongkarat.....i salute u la for ur effort. Pls keep up ur good work & vote for Be eNd. Even my colleague the UNO supporter are voting for the future (Harapan). Now the final question is what others dirty trick has not reveal yet. Hopefully blue eye has the answer and knows how to counter it.

probability

14,463 posts

Posted by probability > 2018-05-03 11:20 | Report Abuse

aiyo dragon.....forget about its q1 eps....even 61 cents also price will no longer go up...market is much forward luking leh...it knows Q2 will collapse...and the refinery itself will truly collapse after the upgrade loh...kiki

probability

14,463 posts

Posted by probability > 2018-05-03 11:25 | Report Abuse

aiyo musang...dragon and jeannie would like try out all sorts of position and do all sorts of Kama Sutras leh....you want to help him wear condom kah? kiki

stockraider

31,556 posts

Posted by stockraider > 2018-05-03 11:31 | Report Abuse

U NEED TO UNDERSTAND...HOW CRACK SPREAD WORK MAH ?....!!

SUPPOSE BRENT WAS USD 67....THEN IT SUDDENLY...IT SHOOT UP TO USD 73...AS A REFINERY PREVIOUSLY U R SELLING AT USD 67 + 8 = USD 75, U CANNOT SIMPLY ADJUST TO USD 73 + 8 = USD 81, WHEN BRENT SIMPLY SHOOT UP MAH....!! THERE ARE LAGGING EFFECT TO THE PASS ON LIKE ABOUT 1 TO 2 MTH LOH....!!

RAIDER IS IN FACT IS AMAZED WHY THE CRACK SPREAD ONLY FALL LESS THAN USD 1 WHEN THE ACTUALLY REFINED SELLING PRICE IS NOW REVISED UPWARDS FROM USD 75 TO USD 81 OR USD 6 PER BARREL LOH...!!

THE MAIN REASON, IS THE VERY STRONG PRICING POWER OF THE REFINERY LIKE HY, THATS WHY THE DIFF ONLY USD 1 LOH...!!

THIS DIFF IS MORE THAN MAKE UP BY BRENT V WTI CRUDE DIFF OF USD 5 TO 6 AND PLUS THE CURRENT HY INVENTORY GAIN LOH...!!


Posted by dragonslayer > May 3, 2018 11:14 AM | Report Abuse

Aiyo...cakap about buttspread....why may spread dropped USD1 wo...8plus become 7 plus...baru few days only...until mid mth...how much it can drop again....6plus ha...like Apr ini macam kah.....see first...9/5 result....later...ada 2 days holiday kah....very fast one ..mid may sudah sampai lor...then...another 2 weeks...deng deng dengggggg ...> Q1 result kambing oh.....wakakaka....kikiki

joekit

833 posts

Posted by joekit > 2018-05-03 11:32 | Report Abuse

nibbling....yummy....

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