In term of FA Petronm is better than HY. But in term of earning power at current record crack spread, HY should have a better earning due to its bigger capacity Refinery. By the way it is still everyone guess what will be the q2 NPAT and beyond.
THIS IS WHY C24 AND C26 WILL GIVE YOU BEST RETURNS =D
Sslee
In term of FA Petronm is better than HY. But in term of earning power at current record crack spread, HY should have a better earning due to its bigger capacity Refinery. By the way it is still everyone guess what will be the q2 NPAT and beyond.
Well…. Who bought after this rr fella gave “clear buy signal”?
This is the guy that encouraged folks to buy Prlexus coupla years ago. He said “Buy lar, free money”. Then he sold. After he announced he sold he posted in Prlexus thread laughing at those still holding. That was unacceptable behaviour
Like I said, don’t listen to anyone but your own inner voice (and gut)
I never touch prolexus. I been in the market since 1992..
Learn lar. Dont remain naive n stubborn but stuppeeeed.
You see price been dropping from 6.40++. When it opened at 4.80, dipped to 4.56 n rebounded to close 4.75 which is 21 cents away from 4.56 n only 5 cents away fr 4.80, what you see on its stock chart is a bullish hammer candle. This candle tells you a million stories when it occured after 1.80++ downtrend. That is for those in the know. Not for the naive, stubborn n stuppeeeed.
This stock moved due to commodities breakout and must set aside fundamental for the time being. It shouldn't be the benchmark. Good fundamental stock doesn't behave such a reckless roller coster trading in just a week time. All the nonsense sweet talk is to pump and dump like the old days. So now let's squeeze those who have trapped high another round or another day so that you can get the best price. Hopefully techincal rebound after several days plunging. Cash out short and quick if revisiting 5 again. Make the quick bucks from those who are unfortunate and over greedy here. You gain is their loss.
FYI, the average refining margin is the highest to date hitting USD 32/brl
HY will realize every single profit as per the crack spread just that due its hedging methodology , its PAT reported is delayed by a month
imagine if it did not hedge both refined and crude at the same time, its earnings will be significantly distorted when oil price drop drastically as we are seeing now
"When oil and fuel markets are tight globally, the worst thing the world’s top crude oil producer and a major exporter of refined petroleum products could do is to restrict exports. Depriving the market of oil at this time would not only not lower gasoline prices in America—it would send crude oil prices even higher, if $120 a barrel isn’t high enough. "
When oil and fuel markets are tight globally, the worst thing the world’s top crude oil producer and a major exporter of refined petroleum products could do is to restrict exports. Depriving the market of oil at this time would not only not lower gasoline prices in America—it would send crude oil prices even higher, if $120 a barrel isn’t high enough.
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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....
Sslee
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Posted by Sslee > 2022-06-17 16:13 | Report Abuse
In term of FA Petronm is better than HY.
But in term of earning power at current record crack spread, HY should have a better earning due to its bigger capacity Refinery.
By the way it is still everyone guess what will be the q2 NPAT and beyond.