Posted by Extraordinary88 > 2022-07-28 18:45 | Report Abuse

Who is the real liar who spread faked news and repeat them all the time ?
Moneymonkey is the real shameless liar here.
Never in my life see so low class shameless liar here.

Posted by IshraaqNor > 2022-07-28 19:07 | Report Abuse

Inventori minyak AS telah dikurangkan kepada 896.63M, bermakna permintaan minyak semakin meningkat minggu demi minggu

Source: https://ycharts.com/indicators/us_stocks_of_crude_oil#:~:text=US%20Crude%20Oil%20Stocks%20is,14.37%25%20from%20one%20year%20ago.

Posted by Rabbit2 > 2022-07-28 20:40 | Report Abuse

It is normal to increase borrowings when crude oil price is high. They need it for working capital/turnaround which is normally short term in nature. And I really hope it is short term. Let's see how much free cash flow that they generated in q2.

Posted by bullmarket1628 > 2022-07-29 08:23 |

Post removed.Why?

Posted by cK1973 > 2022-07-29 12:28 | Report Abuse

As anticipated, 5 shld be the target for now

Posted by Jerichomy > 2022-07-29 13:15 |

Post removed.Why?

Posted by BoomBerg > 2022-07-29 13:51 | Report Abuse

Not interested in HY get out
myeg myeg sudah lah

Posted by BoomBerg > 2022-07-29 13:51 | Report Abuse

This is HY thread not myeg ooi

Posted by BoomBerg > 2022-07-29 13:53 | Report Abuse

Mesti mati lah myeg
GOD BLESS YOU

Posted by cedcan > 2022-07-29 13:59 | Report Abuse

Why promoting myeg here?

Posted by BoomBerg > 2022-07-29 14:14 | Report Abuse

Desperado

Posted by Extraordinary88 > 2022-07-29 14:18 | Report Abuse

Hey thambi, poodah pergi myeg. Who is the real liar who spread faked news and repeat them all the time ?
PoodahJeri is the real shameless liar here.
Never in my life see so low class shameless liar here.

Posted by Jerichomy > 2022-07-29 14:25 |

Post removed.Why?

Posted by IshraaqNor > 2022-07-29 19:46 | Report Abuse

Cantik. Shell (luar negara) mengumumkan $11.5 billion keuntungan pada 2022 suku kedua

Source: https://www.reuters.com/business/energy/shell-reports-record-profit-115-billion-2022-07-28/

Posted by information > 2022-07-29 20:19 | Report Abuse

U.S. oil giants Exxon, Chevron post blowout earnings, ramp up buybacks

https://www.investing.com/news/commodities-news/us-oil-giants-exxon-chevron-post-blowout-earnings-ramp-up-buybacks-2858133

Posted by information > 2022-07-29 20:20 | Report Abuse

Exxon earlier this year more than doubled its projected buyback program to $30 billion through 2022 and 2023. Shell said it would buy back $6 billion in shares in the current quarter, while Chevron boosted its annual buyback plans to a range of $10 billion to $15 billion, up from $5 billion to $10 billion.

Posted by ty Y > 2022-07-29 20:58 | Report Abuse

British energy giant Shell said Thursday that its net profit soared more than five-fold to $18 billion in the second quarter, fuelled by resurgent oil and gas prices, and rewarded shareholders with another bumper buyback. The surge in profits in th...

Posted by AC Lee > 2022-07-29 21:23 | Report Abuse

https://www.thestar.com.my/aseanplus/aseanplus-news/2022/07/26/vietnam039s-petroleum-flagship-binh-son-refinery-q2-net-profit-soars-yy-to-us424mil

Posted by probability > 2022-07-29 21:36 | Report Abuse

OMG! USD 424 million for a 130,00 bpd refinery??

HY is 156,000 bpd

..........

(US$424 million) in the second quarter, up by nearly six times from a year earlier, the company said on Tuesday.

Binh Son, which owns a 130,000-barrel-per-day refinery in central Vietnam


Posted by AC Lee > Jul 29, 2022 9:23 PM | Report Abuse

https://www.thestar.com.my/aseanplus/aseanplus-news/2022/07/26/vietnam039s-petroleum-flagship-binh-son-refinery-q2-net-profit-soars-yy-to-us424mil

Posted by probability > 2022-07-29 22:39 | Report Abuse

guess it has other contributor than its refinery..perhaps retail side too as they said benefited from local fuel price

USD 424 Million is too high for 130k bpd refinery in a single qtr

Posted by kevinobc > 2022-07-29 23:50 | Report Abuse

https://www.reuters.com/business/energy/oil-prices-rise-tight-supply-attention-turns-opec-meeting-2022-07-29/

Posted by bullmarket1628 > 2022-07-30 08:58 |

Post removed.Why?

Posted by tehka > 2022-07-30 09:38 | Report Abuse

Crack is down so bad. How is it down $3 in a single day when I is already down a lot. Any one knows how this is calculated?

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

Posted by Investing_Bursa > 2022-07-30 10:11 | Report Abuse

Tehka- Most likely traders squaring off their positions for their future contracts which has a 30++ days expiring period. There is a difference between physical refined oil price and future contracts

Posted by Jerichomy > 2022-07-30 10:34 | Report Abuse

Looks like MM can predict crack price

tehka
Crack is down so bad. How is it down $3 in a single day when I is already down a lot. Any one knows how this is calculated?

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

Posted by bullmarket1628 > 2022-07-30 11:07 | Report Abuse

Oil up over $2 per barrel as hopes fade for OPEC+ supply boost

By Laila Kearney. 30-7-2022

https://www.reuters.com/business/energy/oil-prices-rise-tight-supply-attention-turns-opec-meeting-2022-07-29/

NEW YORK, July 29 (Reuters) - Oil prices settled up more than $2 a barrel on Friday as attention turned to next week's OPEC+ meeting and dimming expectations that the producer group will imminently boost supply.
Brent crude futures contract for September, which expire on Friday, jumped more than $3 a barrel during the session and then pared gains to settle at $110.01 a barrel, up $2.87, or 2.7%. The more active October contract was up $2.14, or 2.1%, at $103.97.
U.S. West Texas Intermediate (WTI) crude futures settled at $98.62 a barrel, rising $2.20, or 2.3%, after jumping more than $5 a barrel.

Posted by Sslee > 2022-07-30 12:55 | Report Abuse

Most likely what is gain on crude oil is lose to mogas92 as the retail price of mogas92 did not increase.

Posted by probability > 2022-07-31 13:11 | Report Abuse

See the changes in GASOIL (DIESEL) crack spread after Mar 22'

Q2 will be explosive due to Diesel

https://www.tradingview.com/symbols/NYMEX-GZ1!/


Only complex refinery like HENGYUAN can selectively produce GASOIL (i.e DIESEL) at 44% of its output

See below pie chart:

https://klse.i3investor.com/web/blog/detail/davidtslim/136032

Posted by Cakes Moon > 2022-07-31 13:14 | Report Abuse

No play play!
Crack spread now left $7!!!

Posted by probability > 2022-07-31 13:15 | Report Abuse

You need to copy paste the complete address below on your browser to see:

DIESEL crack spread:

https://www.tradingview.com/symbols/NYMEX-GZ1!/

you average up with Gasoline, you still get USD/25/brl!

Posted by probability > 2022-07-31 14:16 | Report Abuse

no wonder Binh Son delivered USD 420 million in a single quarter (without hedging)

crack spread for Diesel in June was 55USD/brl

Posted by Zhuge_Liang > 2022-07-31 14:42 |

Post removed.Why?

Posted by Zhuge_Liang > 2022-07-31 14:44 |

Post removed.Why?

Posted by Zhuge_Liang > 2022-07-31 14:50 |

Post removed.Why?

Posted by probability > 2022-07-31 18:02 | Report Abuse

Valero nearly quadruples Q2 refining margin to over $8 billion

July 29, 2022

The refiner’s executives say demand is holding up and that recent sales are near records set in June.

https://www.ogj.com/refining-processing/article/14280486/valero-nearly-quadruples-q2-refining-margin-to-over-8-billion

“We read a lot about demand destruction,” Simmons said. “We're not seeing in our system.. Our 7-day averages now are back to kind of that June level, with gasoline at pre-pandemic levels and diesel continuing to trend above pre-pandemic levels.”

Posted by probability > 2022-07-31 18:06 | Report Abuse

FYI, Valero's Q1 2022 operating income was 1.45 Billion only

https://www.businesswire.com/news/home/20220425005988/en/Valero-Energy-Reports-First-Quarter-2022-Results

Refining

The Refining segment reported $1.45 billion of operating income for the first quarter of 2022, compared to a $592 million operating loss for the first quarter of 2021. First quarter 2022 adjusted operating income was $1.47 billion, compared to an adjusted operating loss of $506 million for the first quarter of 2021. Refinery throughput volumes averaged 2.8 million barrels per day in the first quarter of 2022, which was 390 thousand barrels per day higher than the first quarter of 2021.

Posted by anthonytkh > 2022-07-31 18:21 | Report Abuse

Surprising that bro probability highlighted VLO above

I remember I mentioned here before that I had made substantial time-determined repetitive call options buy (never exercised, just trades) on VLO about 6 years ago (or was it 7?)

Now look at Pg23 of VLO’s latest QR. Compare it Hengyuan

Which company is better at management? Which company has better fundamentals?

Posted by cactus81 > 2022-07-31 21:11 | Report Abuse

Hengyuan China company might export diesel through Malaysia Heng Yuan since China has imposed export quota

Posted by investor77 > 2022-07-31 23:58 | Report Abuse

With all the bullish news, especially Vietnam s refinery super profit, HYuan should do well. Dont understand why crack spread can be so low for MoGas 92, whereas Diesel crack spread is so much higher. Anyway, major HYuan plroduction is Diesel, so should be doing well.

Posted by hng33 > 2022-08-01 08:21 | Report Abuse

Beware, upcoming Q2 result will be very excellent as crack spread hit average USD25, BUT, the following Q result will be tumble as crack spread just hit limit down -33% again to USD 7.9 for month aug 2022

Posted by hng33 > 2022-08-01 08:22 | Report Abuse

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

Posted by nicholas99 > 2022-08-01 08:41 | Report Abuse

walao crack spread crazy low. good news for petronm and hengyuan. so low crack spread sure super good profit. and price should go up. haahhahaha

Posted by mf > 2022-08-01 08:43 | Report Abuse

Oil prices slip ahead of OPEC+ meeting
Commodities
By Florence Tan SINGAPORE (Reuters) - Oil prices dropped early on Monday as investors braced for this week's meeting of officials

Posted by 888STOCK888 > 2022-08-01 10:11 | Report Abuse

Let's make money for coming Q first la....next Q no one knows....

it is very close to hurricane season lo.... crack may reverse up again...

SIALANG

Heng

Ong

Huatt ah~~~

Posted by 888STOCK888 > 2022-08-01 11:07 | Report Abuse

Why RHB issue another 40mil C24 expiring 27/01/2023??? Business must be very good.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3280185

Posted by KooSan > 2022-08-01 11:07 | Report Abuse

Ah Heng not looking good....

Posted by probability > 2022-08-01 11:24 | Report Abuse

Every annual report you all can see that HY produces more than 44% Diesel yield. In 2020 its was 46%. They have the option to convert to gasoline based in demand using Catalyt8uc Cracking.

At crack of 43 USD/brl for Diesel (yield 46%) and Gasoline of say even at 7 USD/brl (25%), your avg crack is already at 30 USD/brl

Kerosene & all other products like LPG are having very high crack exceeding 30 USD/brl

Even Q3 will be extraordinary

Remember you only need average 13 USD/brl to achieve EPS above RM 1 per qtr

Results out, people will miss big on HY

Posted by probability > 2022-08-01 11:27 | Report Abuse

Copy these on your browser:
..........................

Diesel (or Gasoil) crack spread: HY yield is 46%

https://www.tradingview.com/symbols/NYMEX-GZ1!/


Kerosene (or Jet Fuel) crack spread: HY yield is 7.1 %

https://www.tradingview.com/symbols/NYMEX-ASD1!/

Posted by probability > 2022-08-01 11:30 | Report Abuse

Many bitten by Q1 results due to hedging are shy to go in further, wait till Q2 results are out

Posted by probability > 2022-08-01 11:36 | Report Abuse

anyone have any clarification feel free to ask