this is true if the russian oil sanction will be cancelled..
Posted by Mikecyc > Aug 26, 2022 1:11 PM | Report Abuse
Haha I had posted in i3 on August 2020 on Nitrile Gloves Demand vs Supply for 7 Glove Companies , that Supply can meet the Demand in a Year time span starting from September 2020 to August 2021 ….
No worry sslee, success is not measure in single day. With the last few days refinery up so much, we can expect a small drop loh before the momentum can resume
Buy expecting good news and SELL prior to the announcement and any materials published. This 1000 years stock industry wont go wrong with the perception. This is not solid but big boys give all the surprises. Jackpot. Following the methodologies, the share price should have performed above 7 but it was not. Cash out and keep the profits unless Bursa value showing greater strength. It did slightly since yesterday and continue to observe closely.
Psalm 131 A song of ascents. Of David. 1 My heart is not proud, Lord, my eyes are not haughty; I do not concern myself with great matters or things too wonderful for me. 2 But I have calmed and quieted myself, I am like a weaned child with its mother; like a weaned child I am content.
PetronM results were already known much ahead...and its not that explosive.
Their refinery contribution is minimal to the bottom line
They dont really gain from the diesel crack spread rise as they are forced to use Tapis at premium of 25 USD/brl against brent.
BLee: Hi @probability, you are spot on; as Tapis is considered light/sweet condensate, the treatment is very much different from some of the heavy/sour condensate. As each Refinery is unique, unlike glove factories, it is very hard to predict the profit. The crack spread you use in the calc could be based on an ideal (max.) scenario. For example, HRC tankage of 11 crude and 78 products could be another factor in how versatile the production can be?? Link: http://hrc.com.my/operations-products.html I am no expert, just my opinion for sharing. TQ
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....
CharlesT
14,640 posts
Posted by CharlesT > 2022-08-26 13:14 | Report Abuse
Petronm is a safer bet than HY (anyway HY is more speculative more goreng)
Any China Co hv to be more sceptical