For now at this level, I will be neutral on this counter. However, one must take note when China is going to open up. And, this counter has given me a lot of profit before and that is why, it is still in my radar.
abcb Ooi Teck Bee advise you to hold tide HIAPTEK and he said before it will sure to reach RM1.16 for this coming September,2022 You beleive him or not 11 hours ago
VTrade Dont know 10 hours ago
kamcheonghui Hope his word carry weight and make some pocket money to spend 9 hours ago
mrsembangsaje If yes, then good to buy now. So cheap now. 8 hours ago
Oil turbulence could last 5 yrs: ExxonMobil -------------------------------------- Published on: Thursday, June 23, 2022 By: AFP
DOHA: Consumers must be prepared to endure up to five years of turbulent oil markets, the head of ExxonMobil said, citing under-investment and the coronavirus pandemic.
Energy markets have been roiled by the Ukraine war as Russia has reduced some exports and faced sanctions while Europe has announced plans to wean itself off dependency on Russian fossil fuels in coming years.
Speaking ahead of ExxonMobil’s unveiling as the fourth international partner for Qatar’s natural gas expansion, chairman and chief executive Darren Woods said major uncertainty lies ahead.
“You are probably looking at three to five years of continued fairly tight markets,” Woods told the Qatar Economic Forum. “How that manifests itself in price will obviously be a big function of demand, which is difficult to predict.”
On top of under-investment in finding new oil sources in 2014-2015, Woods said the pandemic “really sucked a lot of revenues out of the industry”. Woods said companies and governments needed to think long-term. “We are going to see a lot of volatility and discontinuity in the market place if we don’t get to more thoughtful policies,” he predicted.
Nobody is doubting refinery can make money. The doubt is whether Heng Yuan can make money in Q2 or there will be higher derivative loss, nobody knows and it is a gamble. If there is no doubt about that, it would be already higher than where it is now. Correct or not ?
This so called fundamental stock and profitable company highly claimed or scammed by someone should not be landed at this level. It is what it is.. Regroup and let face another and final trading day for the week.
HY reported lower than expected earnings in last QR due to hedging position, therefore this will reverse I'm next QR for sure, and since this Q crude was even higher... earnings shd be above last QR barring any unforseen items of course... ceteris Paribas... Happy hunting g
War over will not bring Brent back down, as long as Russia does not pull out of Ukraine, EU and US ban on Russian crudw will remain and therefore shortfall of crude will remain
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....
hengpetron
354 posts
Posted by hengpetron > 2022-06-23 18:52 | Report Abuse
Parasites can lies anytime
High crack spread Dont lies