I will never touch cino ownwed co. again. When making lots of money very stingy on dividend. I once invested in Maxwell once bitten twice shy twice bitten never try
Crack spread is high but please note they have said in their own release that E4M is only operational from next year. So they don’t fully enjoy the current spread. Down to poor management of projects and misguided leadership
Mogas is what we put in our cars. So no petrol for cars is being refined. Yes they can blend in the tank but margins are much lower. The E4M delay which they finally admitted to is a major failure of governance.
Due to the Covid-19 outbreak and consequent international lockdowns, the Euro 4 Mogas project is expected to be completed in the first quarter of 2022. The delay is not expected to have any significant adverse effects to the Company’s operations and its ability to supply to the market. The Malaysian government mandated the switch to Euro 4 standard for Mogas effective 1 January 2020. The Company has been able to produce some volumes of Euro 4 Mogas based on the plant’s existing configuration in fulfilling its supply obligations to customers. Should additional volumes be required by our customers, the Company may choose to meet these orders with internally produced volumes or by purchasing a
supply of natural gas not enough to cater demand. price very high, so not economical for power plant to use natural gas. coal supply got hampered by flood.
winter is coming, oil field going to get freezing cold temperature that is not optimum for operation. oil supply will drop..
price will fly, oil refinery will work 24/7 max capacity
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kevinobc
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Posted by kevinobc > 2021-10-19 23:41 | Report Abuse
https://www.thestar.com.my/aseanplus/aseanplus-news/2021/10/19/philippines-eight-week-oil-price-hikes-hammer-filipinos-still-being-battered-by-covid-19