Posted by Mikecyc > 2022-09-15 10:56 |

Post removed.Why?

Posted by UlarSawa > 2022-09-15 10:58 |

Post removed.Why?

Posted by Sharewire > 2022-09-15 11:00 | Report Abuse

Apri may june crack spread at the highest 30++.Qtr2 showed heavily hedging losses 800++.Bcou they at lower price and had to pay for diffrent!

But now july ogos sept crack spread at negatif , Huge hedging GAIN will appear in QTR3

qqq3333

Most of July to September quarter in negative spread, plus stock losses how not to lose money for this hy?

4 minutes ago

Posted by Mikecyc > 2022-09-15 11:01 |

Post removed.Why?

Posted by Sslee > 2022-09-15 11:02 | Report Abuse

HY q3 should be as good as Q2 with lesser derivatives losses. As of Q4 will depend on diesel spread, will the coming of winter push up the price of heating oil/diesel further.

As of 2023 what will be fuel prices when EU boycott Russia fuel import?

Posted by UlarSawa > 2022-09-15 11:03 | Report Abuse

No one know how HY hedge lah. Let the hedging professional to give their opinion lah. We all layman only know nuts about hedging lah. Haiyoh. Correct?


Sharewire

Apri may june crack spread at the highest 30++.Qtr2 showed heavily hedging losses 800++.Bcou they at lower price and had to pay for diffrent!

But now july ogos sept crack spread at negatif , Huge hedging GAIN will appear in QTR3

qqq3333

Most of July to September quarter in negative spread, plus stock losses how not to lose money for this hy?

4 minutes ago

Posted by Mikecyc > 2022-09-15 11:04 |

Post removed.Why?

Posted by UlarSawa > 2022-09-15 11:06 |

Post removed.Why?

Posted by UlarSawa > 2022-09-15 11:07 |

Post removed.Why?

Posted by UlarSawa > 2022-09-15 11:09 |

Post removed.Why?

Posted by Mikecyc > 2022-09-15 11:11 |

Post removed.Why?

Posted by Sharewire > 2022-09-15 11:11 | Report Abuse

Only a FOOL will not hedge at 140 and spread 30++!
Lifetime high price for 2year!
Expected for 2 year continue bombastic profit from hedging GAINS.

qqq3333

This hy so heavily hedged after such a good H1, sure go negative in H2...

14 minutes ago

Posted by Sslee > 2022-09-15 11:12 | Report Abuse

Oil Market
Year-on-year prices of Dubai grew by 60.4% to $101.8/bbl in 1H 2021 vs. $63.5/bbl in the same period last year, as supply concerns continue resulting from the ongoing geopolitical conflicts amid recovering global demand.

1H 2022 product cracks also reached record-high level Q2.
Average refining cracks of gasoline cracks increased from $8.5/bbl in 1H 2021 to $26.4/bbl in 1H 2022, diesel cracks from $6.4/bbl to $36.6/bbl, and kero-jet cracks from $3.9/bbl to $27.7/bbl.


HRC refined products in year 2021 and 2020 below from annual report:

HRC 2021 annual report Page22 :
CRUDE PROCESSING FY2021
Finished Products
Liquified Petroleum Gas 7.8%
Propylene 3.8%
Light Naphtha 0.1%
Petrol 24.5%
Jet Fuel 7.1%
Diesel 35.1%
Fuel Oil Component 2.7%

Additional
Catalytic Cracked Gasoline (CCG) 16.3%
Combined Cycle Oil (CCO) 2.6%

SOURCES OF CRUDE
Malaysian: 52%
Far East: 7.2%
Russian :14.7%
Middle East: 9.6%
Others 16.5%


HRC CRUDE PROCESSING FY2020
Finished Products
Liquified Petroleum Gas 7.0%
Propylene 3.0%
Light Naphtha 0.5%
Petrol 22.0%
Jet Fuel 4.0%
Diesel 46.0%
Fuel Oil Component 1.5%
Additional
Catalytic Cracked Gasoline (CCG) 11.0%
Combined Cycle Oil (CCO) 5.0%

SOURCES OF CRUDE
54.8% Malaysian
14.9%Far East (Non Malaysian)
10.9% Russian
14.4% Middle East
5.0%Others

Posted by Sharewire > 2022-09-15 11:13 | Report Abuse

Qtr3 will showed AMAZING HEDGE GAINS
Even ular will roll over

Posted by Sharewire > 2022-09-15 11:15 | Report Abuse

Continues high eps will attract BUYERS

Posted by UlarSawa > 2022-09-15 11:15 |

Post removed.Why?

Posted by UlarSawa > 2022-09-15 11:18 |

Post removed.Why?

Posted by Sharewire > 2022-09-15 11:19 | Report Abuse

People like kyy with deep pocket or other syndicate to push 300 million shares will appear! People like ular qq33 Soo attract hengyuan forum.eat sleep also hengyuan.Every second every minute is spend in hengyuan forum speak louder then word

Posted by Zhuge_Liang > 2022-09-15 11:23 |

Post removed.Why?

Posted by Mikecyc > 2022-09-15 11:23 |

Post removed.Why?

Posted by UlarSawa > 2022-09-15 11:23 | Report Abuse

Then you cannot sleep see Ular at here kah. Ular OKU pun you scare Ular will affect the share price kah. Then you must be hardcore shareholder liao leh. Are you. Haiyoh. Correct?



Sharewire

People like kyy with deep pocket or other syndicate to push 300 million shares will appear! People like ular qq33 Soo attract hengyuan forum.eat sleep also hengyuan.Every second every minute is spend in hengyuan forum speak louder then word

1 minute ago

Posted by Sslee > 2022-09-15 11:24 | Report Abuse

Oil Market
Year-on-year prices of Dubai grew by 59% to $95.6/bbl in 1Q 2022 vs. $60.0/bbl in the same period last year, due to the continued geopolitical tensions surrounding Russia’s invasion of Ukraine and a further draw in US crude and distillate inventories added to the price support.

Ytd March 2022 product cracks improved with strong demand as supply tightens. Gasoline cracksincreased from $7.1/bbl in 1Q 2021 to $17.8/bbl in 1Q 2022, diesel cracks from $5.8/bbl to $21.6/bbl, and kero-jet cracks from $3.3/bbl to $16.2/bbl.

Posted by UlarSawa > 2022-09-15 11:24 |

Post removed.Why?

Posted by Zhuge_Liang > 2022-09-15 11:28 |

Post removed.Why?

Posted by Sslee > 2022-09-15 11:31 | Report Abuse

You can use refining margin (mogas, gasoil and jetfuel crack spread) swap contracts for mid/long term margin protection.

You can use short term commodity (crude, mogas, gasoil and jetfuel) swap contracts to protect your one month inventories at site.

Posted by UlarSawa > 2022-09-15 11:32 | Report Abuse

Many also kakijudi leh. Need to do so detail homework kah. After judi no more bother HY what happen also lah. Who care lah. Talk kok also judi.talk fact also judi. Any different kah. Haiyoh. Correct?


Zhuge_Liang

Knowing nothing about Hengyuan's background, simply talk cock story here without facts and figures.
A real shameless liar here.
Can we trust this type of shameless liar here ?
If you believe in him, you will lose all your money.
He does not have any code of ethic.
Cheating, bullshit and telling lies here are his expertises.

3 minutes ago

Posted by Zhuge_Liang > 2022-09-15 11:33 |

Post removed.Why?

Posted by UlarSawa > 2022-09-15 11:37 |

Post removed.Why?

Posted by Mikecyc > 2022-09-15 11:41 |

Post removed.Why?

Posted by Sslee > 2022-09-15 11:45 | Report Abuse

I incur Mike wrath because I make fun of his teaching of TA based on his pasar malam TA software in PA forum.

I should have known better.

Posted by Zhuge_Liang > 2022-09-15 11:46 |

Post removed.Why?

Posted by UlarSawa > 2022-09-15 11:51 |

Post removed.Why?

Posted by Sslee > 2022-09-15 11:52 | Report Abuse

qqq3,
For many years refining margin is a poor single digit. But the supply and demand equilibrium had shifted to favor refinery.

Posted by JConnor > Sep 15, 2022 8:17 AM | Report Abuse

According to a Reuters report citing S&P research, the reason is a record slump in global refining capacity, by 3.8 million barrels daily between March 2020 and July 2022, according to a Reuters report citing S&P research.

While refining capacity shrunk, fuel demand increased by 5.6 million bpd, creating a sizeable gap with supply based on refining capacity. New refining capacity of some 2 million bpd should come on stream by the end of next year unless delays occur, which is quite likely, according to the S&P research.

Further capacity increases are much less likely as refiners are suspicious that the energy transition push will turn potential new refineries into stranded assets before too long.

In this situation, the future does not look good for fuel affordability or wide availability. As the EU oil and fuel embargo enters into effect, Russia will turn to new clients in Asia, Africa, and, according to Bloomberg, Latin America. The EU itself will need to source its fuels from places like the Middle East, the U.S., and, as noted, India and China.

Because of the tight supply situation, which would certainly add a premium to fuel prices, it is not inconceivable that countries importing fuels from Russia, such as the two Asian giants and Saudi Arabia, could choose to do what China does with Russian LNG: resell it to Europe at a premium.

Meanwhile, the U.S. is experiencing its own constraints with fuel inventories, notably middle distillate inventories, diesel and jet fuel. What this means for Europe is that the help it can expect from the U.S. in the form of higher fuel exports would be limited: there is simply not enough diesel fuel to export. This could add a further premium to fuel prices this winter.

Posted by UlarSawa > 2022-09-15 11:52 |

Post removed.Why?

Posted by UlarSawa > 2022-09-15 11:54 | Report Abuse

You sound like the facts no correct wo. Correct?


better.


qqq3333

6,239 posts

Posted by qqq3333 > 1 minute ago | Report Abuse

Otb gang got figures no facts one....use common sense better if calculations give misleading conclusions..
..want to trade go trade but better don't see results....it's a lose lose if wait for after results....

Posted by Mikecyc > 2022-09-15 11:54 |

Post removed.Why?

Posted by Mikecyc > 2022-09-15 11:57 |

Post removed.Why?

Posted by Mikecyc > 2022-09-15 11:59 |

Post removed.Why?

Posted by UlarSawa > 2022-09-15 12:03 | Report Abuse

Ular ada kepala ada badan dan ekor. Naga sama juga tapi ada kaki. Ular tak sama Naga. Sudah many time replied leh. Haiyoh. Correct?

Posted by UlarSawa > 2022-09-15 12:04 | Report Abuse

Resistant at 1.20 plus sana leh. See can pecah baru cakap facts n figures lah. Haiyoh. Correct?


Posted by qqq3333 > 5 seconds ago | Report Abuse

minutes ago


UlarSawa

You sound like the facts no correct wo. Correct
-++++-----


Correct, dayang I got facts no need figures...but if I want figures I also got figures.

Posted by UlarSawa > 2022-09-15 12:07 | Report Abuse

Still within 4.20 to 4.80 unlikely to get out from this range easily lah. Left half day to go then Ular can MHP louder lah. Haiyoh. Correct?


Posted by qqq3333 > 6 minutes ago | Report Abuse

Hy...can't even get out of 4.50- 4.80 trading range.
...waiting for bears to come.

Posted by Mikecyc > 2022-09-15 12:12 |

Post removed.Why?

Posted by UlarSawa > 2022-09-15 12:16 |

Post removed.Why?

Posted by UlarSawa > 2022-09-15 12:18 |

Post removed.Why?

Posted by sharemarket21 > 2022-09-15 12:20 | Report Abuse

Higher oil price will impact the consumer and economy. Domino effect and spill over to stock market sentiment. Either way it gonna be very challenging for the sector unless the volume and value are well established in the that particular stock exchange. That is only the positive side and any potential setback will drag the stocks further downwards.

Posted by UlarSawa > 2022-09-15 12:20 | Report Abuse

You judi long enuf you should know mah. After long long red candle need to rest lah. Common sense that someone at here with High IQ pun takda leh. Lagi cakap very good on TA lagi. Haiyoh. Correct?


qqq3333

Trapped....this hy go back to sleep is it's normal mode.

8 minutes ago

Posted by UlarSawa > 2022-09-15 12:24 | Report Abuse

Mana itu wet wet musang. 0025 back to square one already leh. So ular not chasing is correct leh. Haiyoh. Correct?

Posted by UlarSawa > 2022-09-15 12:28 |

Post removed.Why?

Posted by Sslee > 2022-09-15 12:31 | Report Abuse

HY need paktua73 punya red army datang baru bisa pecah bumbung.

Posted by Mikecyc > 2022-09-15 12:31 |

Post removed.Why?