Posted by Mikecyc > 2022-10-06 00:11 |

Post removed.Why?

Posted by UlarSawa > 2022-10-06 00:12 |

Post removed.Why?

Posted by Mikecyc > 2022-10-06 00:13 |

Post removed.Why?

Posted by UlarSawa > 2022-10-06 00:14 |

Post removed.Why?

Posted by Mikecyc > 2022-10-06 00:14 |

Post removed.Why?

Posted by Mikecyc > 2022-10-06 00:15 |

Post removed.Why?

Posted by UlarSawa > 2022-10-06 00:15 |

Post removed.Why?

Posted by UlarSawa > 2022-10-06 00:16 |

Post removed.Why?

Posted by Mikecyc > 2022-10-06 00:16 |

Post removed.Why?

Posted by UlarSawa > 2022-10-06 00:17 | Report Abuse

Wow ular tikam punya oil ctr up usd0.07 leh. Cantik. Mike really kongkam tak mau ular punya tips leh. Haiyoh. Correct?

Posted by probability > 2022-10-06 00:22 | Report Abuse

Diesel at 46% yield, at say crack spread of USD 43.6/brl

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

Gross margin from Diesel alone

= (10.7 million barrels/qtr x 46% yield) x (43.6 USD/brl) x (MYR 4.64/USD)
= 995 million MYR ....


PBT = 915 million
PAT = 695 million
EPS = 2.32

Posted by probability > 2022-10-06 00:22 | Report Abuse

tomorrow Diesel crack spread will break pass 50 USD/brl

Posted by UlarSawa > 2022-10-06 00:26 | Report Abuse

Wow up usd0.10 liao lor. Esok wake up tomolo dunno can get usd0.20 or not. Hope so lah. g9 semua. Haiyoh. Boleh?

Posted by Jerichomy > 2022-10-06 00:49 |

Post removed.Why?

Posted by Jerichomy > 2022-10-06 00:49 |

Post removed.Why?

Posted by Sslee > 2022-10-06 06:31 | Report Abuse

For October—and also in August—the OPEC 10 production target was 26.689 million bpd, with the non-OPEC members of OPEC+ had a collective target of 17.165 million bpd. But the group as a whole has failed to meet those targets. The actual realized production cut will be smaller than the 2 million bpd quota cut, but estimates are that Saudi Arabia’s output alone—which is currently meeting its production targets—would be cut by more than 500,000 bpd if the 2 million bpd cuts are distributed pro rata.

OPEC sources suggested shortly after the meeting concluded that the 2 million bpd would be cut from “current baselines”, with no adjustments made today to the individual country baselines.

The specter of OPEC+ even considering such a large cut as global oil supplies are tight has sent the Biden Administration reeling. White House spokesman John Kirby on Wednesday said that the United States needed to be less dependent on OPEC+ and other foreign producers of oil. The White House was reportedly in a panic leading up to the meeting, trying to prevent OPEC+ from taking such a “hostile act”. In the runup to the meeting, the White House unleashed Amos Hochstein, Janet Yellen, and Brett McGurk to plead its case with the Gulf Nations. Evidence suggests the move had zero effect.

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

GOC1!
LOW SULPHUR GASOIL CRACK SPREAD (1000MT) FINANCIAL FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT)NYMEX
55.387
D
USD
+6.664
(+13.68%)

D1N1!
SINGAPORE MOGAS 92 UNLEADED (PLATTS) BRENT CRACK SPREAD FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT)NYMEX
−1.375
D
USD
−0.820
(−147.75%)

ASD2!
SINGAPORE JET KEROSENE (PLATTS) DUBAI (PLATTS) CRACK SPREAD FUTURES (CONTINUOUS: NEXT CONTRACT IN FRONT)NYMEX
33.799
D
USD
+5.208
(+18.22%)

Is Negative Mogas92 crack spread bad for HRC?
Allow me to repost the effect of Mogas92 hedge on HRC:

From HRC q1 2020 financial result:
Refining margin swap contracts notional amt: USD 321,821,000
Assets: RM 691,887,000
Liabilities: RM (54,145,000)

Fair value gain on derivative financial instruments: RM 472,651,000.

You can compare what happen to mogas crack spread during q1 2020 to what happen to magas crack spread in q3 2022 to make your prediction what will be q3 2022 realised and unrealised gain on mogas refining margin swap contracts.

The beauty this time round is the dieael and jetfuel sell will bring in lot of profit for HRC.

HRC is sure to acheive improved Q3 Balance Sheet with good Q3 EPS + q2 derivatives billion unrealised loss become Q3 derivatives realised and unrealised gain (will record highest NTA per share)+ cash is free out from the high cost of hedging prepayment.

Note: Just for sharing not asking anyone to buy, sell or hold HRC and the warrants.

Posted by bullmarket1628 > 2022-10-06 07:13 |

Post removed.Why?

Posted by Sslee > 2022-10-06 07:29 | Report Abuse

I think the LOW SULPHUR GASOIL CRACK SPREAD (1000MT) FINANCIAL FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT)NYMEX
Refer to US market against WTI crude

Close to home the Singapore Gasoil against Dubai crude future:
SINGAPORE GASOIL (PLATTS) DUBAI (PLATTS) CRACK SPREAD FUTURES - QUOTES
VENUE:GLOBEX
Last Updated 05 Oct 2022 06:21:25 PM CT.Market data is delayed by at least 10 minutes.
Month: USD per barrel
Oct 2022: 34.210
Nov 2022: 32.886
Dec 2022: 31.696
Jan 2023: 31.834
Feb 2023: 30.976
Mar 2023: 29.675

Posted by bullmarket1628 > 2022-10-06 07:38 | Report Abuse

White House Disappointed With OPEC’s ‘Shortsighted’ Decision
By Charles Kennedy - Oct 05, 2022, 12:00 PM CDT

https://oilprice.com/Energy/Energy-General/White-House-Disappointed-With-OPECs-Shortsighted-Decision.amp.html

A White House statement following the OPEC+ decision to defy the Biden administration with an output cut for November vows to find new ways to temper OPEC’s control over energy prices. 

Earlier on Wednesday, members of OPEC+ said they would cut November production quotas by 2 million bpd, citing the “uncertainty that surrounds the global economic and oil market outlooks”. 

The decision immediately led to a more than 2% increase in Brent crude and WTI prices and goes directly against the Biden administration’s attempts to lobby Saudi Arabia for higher production to bring prices down. 

Shortly after the release of an OPEC+ press release detailing the output cuts, the White House said, “In light of today's action, the Biden Administration will also consult with Congress on additional tools and authorities to reduce OPEC's control over energy prices.”

Posted by Sslee > 2022-10-06 07:49 | Report Abuse

By the way the EU low sulphur gasoil future:
European Low Sulphur Gasoil Brent Crack Spread
Futures and Options
Month Options Prior Settle Volume Updated
OCT 2022. GZV2 Opt 44.299 0 16:38:35...
NOV 2022. GZX2 Opt 40.125 0 16:38:35...
DEC 2022. GZZ2 Opt 38.586 0 16:38:55...
View 15

Posted by bullmarket1628 > 2022-10-06 07:53 | Report Abuse

OPEC+ agrees deep oil production cuts, Biden calls it shortsighted
By Ahmad Ghaddar, Alex Lawler and Rowena Edwards
October 6, 2022 4:33 AM GMT+8Last Updated 17 min ago

https://www.reuters.com/business/energy/opec-heads-deep-supply-cuts-clash-with-us-2022-10-04/

VIENNA/LONDON, Oct 5 (Reuters) - OPEC+ agreed steep oil production cuts on Wednesday, curbing supply in an already tight market, causing one of its biggest clashes with the West as the U.S. administration called the surprise decision shortsighted.
OPEC's de-facto leader Saudi Arabia said the cut of 2 million barrels per day (bpd) of output - equal to 2% of global supply - was necessary to respond to rising interest rates in the West and a weaker global economy..

Posted by Sslee > 2022-10-06 07:57 | Report Abuse

Mohammed bin Salman Al Saud colloquially known as MBS or MbS, Crown Prince and Prime Minister of Saudi Arabia giving his middle finger to Biden.

Posted by Mikecyc > 2022-10-06 08:16 |

Post removed.Why?

Posted by Mikecyc > 2022-10-06 08:19 |

Post removed.Why?

Posted by Mikecyc > 2022-10-06 08:29 |

Post removed.Why?

Posted by Zhuge_Liang > 2022-10-06 08:35 |

Post removed.Why?

Posted by Zhuge_Liang > 2022-10-06 08:36 |

Post removed.Why?

Posted by Zhuge_Liang > 2022-10-06 08:36 |

Post removed.Why?

Posted by Zhuge_Liang > 2022-10-06 08:37 |

Post removed.Why?

Posted by Zhuge_Liang > 2022-10-06 08:38 | Report Abuse

The previous limit up is from 4.30 onward.
Will history repeat itself again after 4.30 ?
Mr Market will tell you.
Mr Market, please help this time again.

Posted by Zhuge_Liang > 2022-10-06 08:39 | Report Abuse

The super bull run on Hengyuan in 2017 was started on 2/11/2017 before Q3 2017 result released.
Will history repeats itself ?
At least in the last 2 days, buyers push up the share price higher.
In actual facts, it is not so difficult to push up the share price, need a stronger syndicate.

Posted by TanDavid88 > 2022-10-06 08:41 |

Post removed.Why?

Posted by TanDavid88 > 2022-10-06 08:42 |

Post removed.Why?

Posted by TanDavid88 > 2022-10-06 08:42 |

Post removed.Why?

Posted by TanDavid88 > 2022-10-06 08:42 |

Post removed.Why?

Posted by TanDavid88 > 2022-10-06 08:43 | Report Abuse

It is a ridiculous stock market in KLSE.
EPS = 2.22 per quarter, the share price is at 4.29.
Annual PER is < 1 time.
Real cheap sale.

Posted by AnakUlarSawa > 2022-10-06 08:56 |

Post removed.Why?

Posted by Sslee > 2022-10-06 08:58 | Report Abuse

Sometime I just wonder, if someone want to sell you cheaply why make so much complaint. Just collect as much as you can quietly.

Posted by AnakUlarSawa > 2022-10-06 09:01 |

Post removed.Why?

Posted by donnybelowski > 2022-10-06 09:01 | Report Abuse

Kyy and otb accumulating. Buy before its too late.

Posted by AnakUlarSawa > 2022-10-06 09:04 |

Post removed.Why?

Posted by AnakUlarSawa > 2022-10-06 09:07 |

Post removed.Why?

Posted by AnakUlarSawa > 2022-10-06 09:08 |

Post removed.Why?

Posted by AnakUlarSawa > 2022-10-06 09:10 |

Post removed.Why?

Posted by Sslee > 2022-10-06 09:13 | Report Abuse

Ular,
I am expecting a very good q3 will propel HRC and warrants thro' the roof. Then I will give a big thanks to all the penkritik.

Posted by AnakUlarSawa > 2022-10-06 09:14 |

Post removed.Why?

Posted by Mikecyc > 2022-10-06 09:15 |

Post removed.Why?

Posted by AnakUlarSawa > 2022-10-06 09:16 |

Post removed.Why?

Posted by AnakUlarSawa > 2022-10-06 09:17 |

Post removed.Why?