Energy stocks: Market players will not solely rely on oil price anymore in my view, hence it will be interesting to watchout for any good buying interest on O&G counters.
matched 1st batch 5.80, tomorrow stdby 5.70 _____________ SuperPanda as i said msian trader dont care abt crack spread things, when people sell o&g, they will just follow
im still waiting 5.70-5.80 range 01/03/2021 12:51 PM
From a TA point of view, the monthly chart looks very promising. The MACD is racing towards the zero line. The last time it happened was on July 2017. Once the zero line was crossed, the price went all the way up to RM19.20 in just a matter of weeks. History has a tendency to repeat itself. As memory fades, events from the past can become events of the present.
Brent priced at $60+ in 2017, crack spread 9%, Hengyuan RM19. Now, Brent also $60+ while crack spread 6%, Hengyuan RM6. With 50 cents eps each quarter, the pricing now is extremely cheap lah. Uncle, aunty even kids in Malaysia also can feel the rise of RON95 petrol from RM1.50 to RM2.05 lah, they are not blind.
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amateurJR
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Posted by amateurJR > 2021-03-01 19:10 | Report Abuse
@cckiong U newbie? Haha recently in bursa profit up sure red one,. Unless ur profit up is due to on-off income, then they will goreng.