Crack spread still standing above USD 9, almost double against Q1 crack spread of just USD 4.5. Anything above cost USD4 will be profit + stock holding gain
Because stocks are forward thinking. Look at UK vaccination rate, reached 50% but life is almost back to normal, stocks sky high. Remember there's a price to pay for a cherry consensus
Sure. Invested in Hengyuan a few years back and sold too early. Back then not using i3 forum. Not going to sell Hengyuan until RM8 at least. Short term oil volatility is no concern to me and who cares about OPEC nowadays. Price action is all that matters. Buy the dip
This is how local institutions take money from Malaysian investors. Short companies that retail investors love and long companies that retail investors have never heard of. Write a thousand call warrants on short positions and release bad press for long positions to buy cheap.
Things will change soon. Absolute overreaction to oil remand due to Covid. Couldn't care less about spreads and charts controlled by OPEC
Well, I understand the reason why Hengyuan is dropping due to the rise in inventories of unrefined oil as a result of decline in demand thanks to lockdowns. However, I think there is a strong overreaction. If crude oil sustains its run and with the right direction, Hengyuan could improve its cash flow and ultimately focus on returning value to its shareholders. This also comes with higher dividend over time.
The agreement means the cartel will boost output by 400,000 barrels a day each month from August, continuing until all of its halted output has been revived. The deal will also give the UAE and several other countries higher baselines against which their production cuts are measured, starting in May 2022, according to a statement from the group.
Obviously some nefarious people are suppressing the share price. Even the worst O&G company listed in other markets is up 20% and it is the bare minimum with poor inventories and margins before crude oil hit 50$ a long time ago. Hengyuan Refining is down 20% YTD. This is absolute cock bullshit.
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....
KSLI
630 posts
Posted by KSLI > 2021-07-08 14:24 | Report Abuse
Is stronger oil price good for HengYuan?