Posted by Extraordinary88 > 2022-06-26 13:09 | Report Abuse

Dow rallies 800 points on Friday to cap big comeback week for stocks

Posted by sharemarket21 > 2022-06-26 13:24 | Report Abuse

Amazing room. All sort of speculations, war mongers and unfounded facts to justify the stock price movement. The fact remains that worldwide recession setting in gradually regardless the positive factors. Bursa have recorded the lowest value for the very first time in months. Following through momentum and supporting will be quick and limited. Profits are nothing if there are no takers and forward perception is very uncertain. If there is really a short rebound, dont forget the cash out plan. Otherwise just hang on and squeeze harder for another new low entry price. Lower than the preivous lowest. Your potential gain is someone paper loss.

Posted by Extraordinary88 > 2022-06-26 14:53 | Report Abuse

The stock market is poised for a strong 2nd half of 2022 as the US economy avoids a recession and inflation gets cut in half, JPMorgan says
Matthew Fox Jun 23, 2022, 10:24 AM

Posted by klee > 2022-06-26 15:27 | Report Abuse

nasdaq had ady bounced 10% frm its lows established few days ago

Posted by klee > 2022-06-26 15:29 | Report Abuse

jerichomy,i did posted the ctr uwc here on fri morning..

Posted by klee > 2022-06-26 15:35 | Report Abuse

Ok lah.You all continue argue on your favourite stock.Good luck.

Posted by hengpetron > 2022-06-26 17:29 | Report Abuse

High creak spreads had last for months
Hengyuan will continue to enjoy high profit matgin

Posted by hengpetron > 2022-06-26 17:30 | Report Abuse

Hengyuan share had been subject to heavy correction.
Its time market give a right value to hengyuan rm40

Posted by hengpetron > 2022-06-26 17:32 | Report Abuse

Current rm4.5 is for crack spread 5
With crack spread 32,hengyuan should be 30

Posted by hengpetron > 2022-06-26 17:34 | Report Abuse

Market had reach a bottom, recovery is started

Posted by hengpetron > 2022-06-26 17:36 | Report Abuse

Blockade of Kaliningrad: Lukashenko says Lithuania has declared war on Russia

Ukrayinska Pravda

June 25, 2022, 11:56 pm

Posted by hengpetron > 2022-06-26 17:42 | Report Abuse

Oversold bottom even bitcoin start to show some recovery. Hengyuan should visit rm7 again.

Posted by hengpetron > 2022-06-26 19:06 | Report Abuse

Parasites will start feeding lies to public
High crack spread dont lies

Posted by Johnzhang > 2022-06-26 19:46 | Report Abuse

Along with the start of the summer travel season, the nation is seeing the highest gas prices in a decade when adjusted for inflation. President Biden is responding by attacking oil companies for profiting off of fuel scarcity.
PRESIDENT JOE BIDEN: Exxon made more money than God this year.
KURTZLEBEN: Biden fired off letters to seven oil companies, including ExxonMobil, asking them to produce more. But refiners say that's just not possible. NPR's Brittany Cronin explains.
BRITTANY CRONIN, BYLINE: If you filled up at a gas station recently, my condolences. That was probably painful.
CRONIN: Gas prices hit $5 a gallon nationwide for the first time ever a week ago. A key reason why is that refiners are not making enough gasoline.
PATRICK DE HAAN: There's been a tremendous challenge with the refineries being able to meet demand that has resurged as the economy continues to gain momentum post-COVID.
CRONIN: That's Patrick De Haan from GasBuddy, a company that tracks fuel prices. You can think of refiners like an Easy-Bake Oven. On one side, you input your raw material - crude oil that's been pumped out of the ground. And out the other side comes your finished product - gasoline, diesel, jet fuel. But there is a bottleneck at refineries right now for a few reasons. First off, the oil sector got annihilated early in the pandemic. When demand for gasoline dried up, some refiners cut back. Denton Cinquegrana is with the Oil Price Information Service.
DENTON CINQUEGRANA: When you're losing money on doing it, what do you do? You stop making it. And that's when you shut down refineries, which we have seen happen.
CRONIN: The second thing that hurt refiners was actual physical damage. Hurricane Ida took out a refinery in Louisiana. A fire burned down another in Philadelphia. But the third reason is really the most crucial. The country is in the midst of an energy transition championed by none other than the president himself.
BIDEN: I guarantee you, I guarantee you, we're going to end fossil fuel.
CINQUEGRANA: The Biden administration has made it clear that fossil fuels, you do not have a place on the table going forward.
CRONIN: So Cinquegrana says some refiners have repurposed their facilities. In fact, they're making renewables like biofuel instead of gasoline. As a result, the U.S. has lost a million barrels of refining capacity over the last few years. And Cinquegrana doesn't think the U.S. will ever refine as much oil as it once did.
CINQUEGRANA: I think the refining executives say, well, looks like the writing's on the wall.
CRONIN: The irony is that as refiners are shifting away from fossil fuels, they're making a lot of money. President Biden says it's not acceptable for refiners to be profiting so much when Americans are getting squeezed at the pump. In his letter to refiners this week, he called for the companies to ramp up their refining capacity. But that's unlikely to happen. For one thing, refineries are already running at full capacity. As for the ones idled during the pandemic, that's not a quick fix either. Not only would it take months to bring them back online, it's also a financial investment unlikely to pay off.
CINQUEGRANA: You're talking about a lot of money to get these refineries that are idled up and running. And when I'm being told, five years from now, we hope you don't exist, why should I help you?
CRONIN: And as for investing in new refineries, that's pretty much a nonstarter. Here's Chevron CEO Mike Wirth.
MIKE WIRTH: My personal view is there will never be another refinery built in the United States.
CRONIN: The result is an impasse. If President Biden was hoping the country could refine its way out of high gas prices, that's probably not going to happen.

Posted by Goldberg > 2022-06-26 19:47 | Report Abuse

KUALA LUMPUR, June 26 (Bernama): Bursa Malaysia is expected to stage an "oversold bounce” this week after the steep correction seen for the past three months, moving in the 1,450-1,480 range, a dealer said.

Going forward, Inter-Pacific Asset Management Sdn Bhd executive director and fund manager Datuk Dr Nazri Khan Adam Khan said, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was expected to rebound higher on bargain-hunting activities as traders came back into play to grab both higher and lower liners.

"I will call this an oversold bounce because the index has been oversold for the last three months, in which we were down for 10 out of 12 weeks. That is considered as extremely oversold.

"Despite that, the broader market outperformed the other regional markets, which means our correction is lower as our economic data are still resilient. Consumer spending is still strong," he told Bernama.

He also noted that Bursa Malaysia should continue its uptrend, supported by the country’s Consumer Price Index (CPI) figure, which increased 2.8 per cent year-on-year to 126.6 in May 2022 from 123.1 in May 2021.

"We are relatively better in terms of economic data, sentiment and the FBM KLCI movement because we are driven by commodity stocks that cushion our broad stock market, especially (related to) oil," he said.

Nazri added that there were plenty of opportunities to grab as the stocks were seen to be cheaper and dividend higher, coupled with a lot of catalysts to cushion against a big crash although the market was likely to see a downtrend in the medium term.

Posted by Jerichomy > 2022-06-26 19:52 |

Post removed.Why?

Posted by Jerichomy > 2022-06-26 19:52 |

Post removed.Why?

Posted by tehka > 2022-06-26 19:53 | Report Abuse

If Russia declares war with Lithuania, then war with NATO will start

Posted by Goldberg > 2022-06-26 19:55 | Report Abuse

Bloomberg data showed that the margin, or crack spread, between crude oil and refined products have widened substantially since the start of the year.

Singapore Dubai FCC Refinery Margin (Singapore crude oil refining margin data) surged to US$33.38 per barrel as at June 20, up nearly six-fold from US$5.81 on Dec 31, 2021. The margin spread hit an all-time high of US$35.18 early this month. It was barely four US cents a year ago as the benchmark showed.

Meanwhile, Asia Tapis Crude Oil 211 crack spread spiked more than five times to US$37.047 per barrel on Tuesday (June 21) as at press time, up from US$7.155 per barrel as at Dec 31, 2021.

Another index, US Mid-Continent WCS Crude Oil 321 Crack Spread, also jumped by US$47.61 or 154% to US$78.517 per barrel, from US$30.909 per barrel at the beginning of this year.

Brent crude oil price stood at US$115.63 per barrel, while US West Texas Intermediate (WTI) crude stood at US$111.85 a barrel as at press time. Year-to-date, Brent crude oil has gained US$37.85 or 49% from US$77.78 a barrel at end-2021, while WTI crude oil has rallied US$39.07 or 54% from US$72.78 a barrel.

Using the above as yardstick, oil refiners are expected to enjoy fat profit margins.

Posted by Johnzhang > 2022-06-26 19:55 | Report Abuse

Refineries cash in as petrol prices soar
By Ben King
Business reporter, BBC News
Oil refineries are making nearly five times as much money from refining petrol as they did year ago, data show.
A lack of capacity to refine petrol and diesel from crude oil has helped to push fuel prices to record levels, and increased profits for refinery owners.
Petrol prices are at an all-time high though the oil price remains well below record levels.
The loss of Russian supplies has stretched an industry which was already at full capacity.
Part of the increase is down to the high price of crude oil, driven up by fears the war in Ukraine would cut access to supplies from Russia.
That has led to billions of pounds of extra profit for oil producers, and led the UK government to impose a £5bn windfall tax on North Sea oil producers.
Fuel prices: Why is petrol so expensive in the UK?
“The refiners are printing money at the moment,” says Neil Crosby, senior analyst at the data firm OilX. “More than they have ever witnessed.”
There’s a shortage of refining capacity, which has led to substantial increase in the "refining margin" – the difference between what they pay for crude oil and what they can make selling the refined products.
“This is a real crunch in terms of the industry’s ability to produce these fuels. That very much turns up in the wholesale price of diesel and petrol,” says Mr Crosby.
And that's contributed to the fact that although oil prices are still some way off record highs, petrol and diesel have been setting new records day after day.
How much have margins increased?
Figures from the data company Refinitiv show how the business of refining oil has become so profitable in the past year.
On the 8 June 2021, refiners were making $9.26 per barrel from refining petrol, and $6.84 per barrel refining diesel.
On Wednesday, they were making $43.11 on petrol, up 366%, and $51.13 on diesel, up 648%.
Figures published by BP, which owns a number of refineries in Europe and the US, shows its own measure of refining profits, the ‘Refining Marker Margin’, up from $7.7 dollars per barrel to $35.7 over the past year.
US oil giant ExxonMobil owns a number of refineries, including Fawley in Hampshire, the UK’s largest. Last month the Financial Times quoted its chief executive Darren Woods as saying he did not think that the “very, very high margin environment” was “good for economies around the world.”
A source close to a major refinery owner argued that the refiners don’t set the margins themselves. Prices for crude oil, petrol and diesel are determined by the market - what supplies are available, and how much buyers will pay.
Why are refinery margins so high?
Before the invasion of Ukraine, much of Europe’s petrol and diesel supply was made in Russian refineries and imported in tankers. In 2020 the UK received 18% of its diesel supply from Russia.
Though that supply has not been cut off completely, the volumes coming from Russia are significantly lower as buyers shun Russian exports even before sanctions fully kick in.
Fuel stocks were low before the invasion and there was already a global shortage of refining capacity. The sector has not been highly profitable in recent years and attracted little investment.
So there was no slack to make up for lost Russian refining capacity.
The worldwide lack of refining capability has contributed to high fuel prices in other countries, including the US.
In addition, China has cut its exports of refined fuels. And although the UK doesn’t import directly from China, this has a knock-on effect on the entire global market, Mr Crosby says.

Posted by Jerichomy > 2022-06-26 20:08 |

Post removed.Why?

Posted by Johnzhang > 2022-06-26 20:12 | Report Abuse

Oil refineries are making a windfall. Why do they keep closing?
PhILADELPHIA — As the energy crunch drives record profits at American oil refineries, the owners of what had been the largest such facility in the Northeast have no regrets about tearing the place down.
Oil refineries across the country are being retired and converted to other uses as owners balk at making costly upgrades and America’s pivot away from fossil fuels leaves their future uncertain. The downsizing comes despite painfully high gasoline prices and as demand globally ramps up amid sanctions on gasoline and diesel produced in Russia, the third-biggest petroleum refiner in the world, behind the United States and China.
Five refineries have shut down in the United States in just the past two years, reducing the nation’s refining capacity by about 5 percent and eliminating more than 1 million barrels of fuel per day from the market, leaving the remaining facilities straining to meet demand. Yet even at this lucrative moment for what’s left of the refining industry, a White House desperate to bring down gas prices is having little success persuading owners to expand operations, and more closures are imminent.
Why an energy crisis and $5 gas aren’t spurring a green revolution
The futility of the White House effort came through in the response to letters President Biden sent this week to the nation’s major oil companies, chastising them for squeezing “historically high profit margins” out of their refineries. “At a time of war, refinery profit margins well above normal being passed directly onto American families are not acceptable,” Biden wrote. Biden threatened to invoke emergency powers if the companies don’t bring prices down.
The companies are unmoved. The profits follow years of heavy losses at many facilities after demand plunged during the pandemic. Unpredictable shifts in oil markets had created a challenging business climate before that. Even at this moment of windfall refinery earnings, when the profit margin on each barrel of oil processed has jumped from a dollar or two a year ago to as much as $18 today, investors are hardly jumping at the opportunity to enter the sector. They fear the profits are short lived. The administration’s environmental priorities — as well as rising public and corporate concern about climate change — would make many refineries obsolete in the not-too-distant future.
Building and upgrading the mammoth structures is a messy, expensive undertaking that can drag on longer than a decade, strain the finances of even the biggest fossil fuel giants and run the risk of getting abandoned before that investment is returned.
“I don’t think you are ever going to see a refinery built again in this country,” Chevron CEO Michael Wirth said in an interview with The Washington Post this month.
“It’s been 50 years since we built a new one,” Wirth said. “In a country where the policy environment is trying to reduce demand for these products, you are not going to find companies to put billions and billions of dollars into this.”
The last major refinery to come online in the United States, in 1977, is the one owned by Marathon Oil in Garyville, La. It is capable of pumping out 578,000 barrels per day. Since it opened, more than half the refineries in the United States have closed.
While the Biden administration says market manipulation by Big Oil is behind the shortage of refined fuel right now, the major fossil fuel companies don’t have a monopoly on production.
White House would have to take extreme steps to compel companies to refine more right now. That could involve Biden invoking emergency powers to curb exports of refined gasoline and diesel or to force companies to restart operations at idled American refineries, according to a memo ClearView sent clients.
Senegal sees opportunity and ‘hypocrisy’ in Europe’s search for gas
The president wrote in his letter that he is “prepared to use all tools at my disposal” to bring prices down, scolding oil executives for making record profits off a refining shortage that is “blunting the impact of the historic actions” by the White House to confront soaring gas prices. Those actions included releasing 1 million barrels per day from the Strategic Petroleum Reserve and the suspension of an environmental rule limiting high blends of ethanol into gasoline in the summer.
Analysts caution that any actions the White House tries to take to spur more production could backfire. Curbing exports, for example, would intensify fuel shortages in Europe and could lead to further political destabilization there. It could also motivate companies to move more operations overseas, worsening shortages in the United States.
“The problem is we are running the existing refineries at full power,” said Jason Bordoff, founding director of the Center on Global Energy Policy at Columbia University. “There is not a lot of ability to require industry to refine more than it already is.”

Posted by hengpetron > 2022-06-26 20:36 | Report Abuse

Dow jones up almost 1000point

Posted by hengpetron > 2022-06-26 20:38 | Report Abuse

Oversold in bursa will many share go up .Hengyuan with strong prolong crack spread will benifit the most. Limitup

Posted by hengpetron > 2022-06-26 20:39 | Report Abuse

Oversold in hengyuan will result bargain hunting tomorrow. Profit may exceed 1billion

Posted by hengpetron > 2022-06-26 20:40 | Report Abuse

Fantastic result qtr2 hengyuan will post in august

Posted by MoneyMakers > 2022-06-26 21:51 | Report Abuse

Energy sector was WORST performing sector on friday (S&P500)..many down 30%

Money alrdy going out of oil stocks - anticipating oil collapse (war ending soon)

This is tail-end of oil bullrun..rm3 imminent

Posted by MoneyMakers > 2022-06-26 21:51 | Report Abuse

Breaking news: “Boris Johnson says Ukraine could face pressure to agree to a PEACE DEAL”

Posted by MoneyMakers > 2022-06-26 21:52 |

Post removed.Why?

Posted by Thorman > 2022-06-26 21:52 | Report Abuse

Who cares!

Posted by hengpetron > 2022-06-26 22:28 | Report Abuse

Tomorrow make 6 a history

Posted by VTrade > 2022-06-26 23:51 | Report Abuse

Prepare well and see oil esok
Harap is lantunan yang berkesan

Posted by 888STOCK888 > 2022-06-27 08:08 | Report Abuse

HENG~ ONG~ HUAT AH~

Posted by 888STOCK888 > 2022-06-27 09:03 | Report Abuse

SIALANG!!! =D

Posted by 888STOCK888 > 2022-06-27 09:12 | Report Abuse

CRACK SPREAD GOING HIGH HIGH HIGH!!! =D

https://www.tradingview.com/symbols/NYMEX-D1N1%21/

Posted by BlessedInvestor > 2022-06-27 10:05 | Report Abuse

chinaman mean operators want to squeeze everything juice out first. But it won't be long... Second wave is coming

Posted by nicholas99 > 2022-06-27 10:06 | Report Abuse

no use.. go higher. their derivative losses higher.

Posted by 888STOCK888 > 2022-06-27 10:24 | Report Abuse

got use or not, share price will tell =D

Posted by Extraordinary88 > 2022-06-27 10:27 | Report Abuse

Second wave will break 10
As crack spread going strong in april and jun.Month july may hit record again

Posted by 888STOCK888 > 2022-06-27 10:38 | Report Abuse

you don't buy, uncle ask his gang to buy lo

Posted by 888STOCK888 > 2022-06-27 10:43 | Report Abuse

lai lai lai...

Going to break 5.00 liao...


=D

Posted by Dimitri_Ivanov > 2022-06-27 10:46 | Report Abuse

Looks like more profit has evaporated for the individual below. Longkang level punya technical analysis.

Posted by rr88 > 2 days ago | Report Abuse

Sold all! Escape with a few cents profit before it evaporates
1. Volume disappear
2. Hibiscus crashing

Posted by 888STOCK888 > 2022-06-27 11:07 | Report Abuse

5.00 lai liao

=D

Posted by hengpetron > 2022-06-27 11:13 | Report Abuse

The right value of hengyuan is rm15
Market will decide as june almost over. July should see more crack spread

Posted by Jerichomy > 2022-06-27 11:14 |

Post removed.Why?

Posted by hengpetron > 2022-06-27 11:16 | Report Abuse

parasites try to con public AGAIN
High crack spreads dont lies

Posted by 888STOCK888 > 2022-06-27 11:17 | Report Abuse

ok la.... come back in August I sell you 15.00 =D

Posted by hengpetron > 2022-06-27 11:19 | Report Abuse

He try to con public from earning from hengyuan share rising.He got bad intention.

Posted by param1 > 2022-06-27 11:22 | Report Abuse

R88 SOLD ,I HAVENT LETS SEE IF IT GOES TO 5.80 OR 3.90 ...

Posted by hng33 > 2022-06-27 11:22 | Report Abuse

Glad to know finally shark kyy and his gang leaving hengyuan, change to AYS.

You should know what to do now, buyback hengyuan