Hrc overtakes petron showing great sign of super investor gangs flooding their money into it. Do you see any articles for hrc so far? No right... Because they are human being would like to buy cheap mah!!
the world is hungry of oil. especially shell.. Shell announces intent to withdraw from Russian oil and gas
Our significant customers for main fuels are Shell Malaysia Trading Sdn Bhd and Shell Timur Sdn Bhd, with whom we have entered into a 10 year term Product
Hengyuan share price hits RM18 back in 2017/2018 when oil price was $60++ Now oil price is constantly trading above $100, what's the new target price? RM38??? RM18. 88 also not bad. =D
Refinery’s profit is very sensitive to Crack spread and sales volume. For this year, refinery will enjoy historical high crack spread and high sales volume due to economy reopening. Tight supply of oil and the sanction on Russia will most likely keep crack spread high for the rest of this year .
Hengyuan share price hits RM18 back in 2017/2018 when oil price was $60++ Now oil price is constantly trading above $100, what's the new target price? RM38??? RM18. 88 also not bad. =D
5 minutes ago
I ACKNOWLEDGE YOUR STATEMENT. I AM HIGHLY ANTICIPATE THE GREAT MOMENT ARIIVIBG FOR HRC
In 2017, average crack spread was usd11 per barrel. Average crack spread ytd April 2022 is usd15 per barrel. Both hengyuan and petronM made crazy profit in 2017 ( Hengyuan’s EPS $3.0, PetronM’s EPS $1.50). Correspondingly share price reach as high as $17 for hengyuan and $15 for petronM.
I think most of the crack spread is due to inventory gain. the normal crack spread is between usd 5 to 6, thus when the inventory gain is depleted, it will fall back to this level. This is provided that there is no inventory losses when oil market turn,
@gohku, I thin crack spread and inventory gain/loss are 2 different thing. In 2007 , crude Brent started the year at usd55, then plunge to usd43 around middle of the year , and recover to about usd66 at the end. Refinery keep less than 1-2 months of open stock position and the hit from inventory market to market is usually manageable.
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....
JayC88
898 posts
Posted by JayC88 > 2022-04-29 09:55 | Report Abuse
wah your bosses still got HY shares? still got keep 5 lots is it? that day sold 1 lot say byebye already thought no more