Posted by brightsmart > 2022-11-28 13:43 | Report Abuse

Sslee...
No use....it's call hedging....above line good below line lousy and vice versa

Posted by brightsmart > 2022-11-28 13:47 | Report Abuse

Sslee gamble above line good below line better.....like that also want to gamble, he should be CEO already....got frogs all over the road

Posted by brightsmart > 2022-11-28 13:48 | Report Abuse

Like likely dead frogs rolled over by reality

Posted by Sslee > 2022-11-28 13:51 | Report Abuse

In Q2 HRC able to sell their products at average price of USD 151 per barrel.

HRC using a cheaper crude rather then PetronM premium crude hence I still have my faith that HRC should make a good profit for Q3 and the Q3 Marked to market unrealised derivatives should be a high positive as opposed to Q2 marked to market unrealised derivatives loss of RM billion+.

Posted by MoneyMakers > 2022-11-28 13:54 | Report Abuse

Aiyoyo sslee never see petron QR worst in 2yrs meh

Guess petron share price 2yrs ago - rm3.5 (now 30% overvalue @ rm4.5)

P/s: warn many times should be more worried operational loss (crack spread COLLAPSE - Mogas price negative) instead of speculate 1-off hedging gain/loss

Posted by Sslee > 2022-11-28 14:05 | Report Abuse

MM forget he/she is the one keep repeating HRC pending billion derivatives loss when we are talking about Q2 gross profit of RM 912,942,000.

So now is he/she truth to himself/herself by saying:

warn many times should be more worried operational loss (crack spread COLLAPSE - Mogas price negative) instead of speculate 1-off hedging gain/loss

Posted by UlarSawa > 2022-11-28 14:09 | Report Abuse

Cham lor. China cities more protest leh. Shanghai to Shenzhen to HK all also red leh. Will this affect China Listed company like HY or not. Even Sgx listed China companies also red leh. Haiyoh. Correct?

Posted by UlarSawa > 2022-11-28 14:11 | Report Abuse

Haiyoh HY really with eps rm2.00 baru can survive the red leh. Pray TiGong popi popi the Anti so sial one takda cutloss at rm4.40 leh. So scary. Haiyoh. Correct?

Posted by UlarSawa > 2022-11-28 14:14 | Report Abuse

Ular also cham leh. Still holding China Netflix in US leh. Nanti pre market also red kah. TiGong mau popi popi tampok leh. Haiyoh. Correct?

Posted by UlarSawa > 2022-11-28 14:14 | Report Abuse

Whole world China listed companies also red kah. Most probably will leh. Pray hard leh. Haiyoh. Correct?

Posted by UlarSawa > 2022-11-28 14:20 | Report Abuse

https://www.cnbc.com/2022/11/28/asia-markets-china-covid-currencies-stocks-oil-politics.html

Posted by UlarSawa > 2022-11-28 14:21 | Report Abuse

Hong Kong stocks led losses in a negative Asia-Pacific session on Monday amid unrest in China over its continued zero-Covid policy. Oil futures hovered around new 2022 lows as demand concerns from the world’s second-largest consumer of oil weighed on prices.

The Hang Seng index in Hong Kong fell 1.98%, paring some of the losses after shedding 4% at the open. The Hang Seng Tech index fell 2.28%. In mainland China, the Shanghai Composite fell 1.03% and the Shenzhen Component also fell 1%.

The offshore yuan weakened sharply against the dollar after ending last week around 7.20 per dollar. Futures of West Texas Intermediate
crude, the U.S. benchmark for oil, dipped around 3% to the lowest levels since Dec. 2021.

Posted by UlarSawa > 2022-11-28 14:24 | Report Abuse

Protests against China’s relentless pandemic controls broke out in Shanghai and other big cities as well as university campuses over the weekend, in a major test for the leadership of strongman Xi Jinping and his zero-Covid policy. Open defiance is rare in China, especially directed at the central government and the ruling Communist Party. The unusual display of frustration and public anger in many parts of the country came a month after Xi secured a rule-breaking third term at the party’s national congress, making him China’s most powerful leader since Deng Xiaoping. The protests were largely sparked by a deadly residential fire in Urumqi, capital of the Xinjiang region, on Thursday, which killed 10 and injured nine.

The tragedy prompted widespread fury on the internet as many believed Covid restrictions prevented the victims from fleeing, claims that local officials rejected. The next day, hundreds of angry residents took to Urumqi’s streets demanding an end to the lockdown that has barred 4 million residents from leaving their homes for 100 days.

Posted by probability > 2022-11-28 14:24 | Report Abuse

Low crude oil price will drive demand for gasoline and diesel, refining margin will further expand (check out the crack spread tomorrow).

Russian oil price cap seems to be having positive effects on crude oil....and general market.

7 more days before sanction takes place.

Posted by brightsmart > 2022-11-28 14:37 |

Post removed.Why?

Posted by Sslee > 2022-11-28 14:47 | Report Abuse

Covid lockdown protect in China is good. CCP will now have no choice but to abandoned the zero covid policy and ease the lockdown restriction.

Imagine watching the whole word celebrating the football world cup and you are lock down at your home. Moveover many famous people and sportman/woman remain healthy after 1,2 or 3 times test positive for covid.

Please CCP for your people and your country admitted zero covid policy already overstayed it welcome and unnecessary now.

Posted by UlarSawa > 2022-11-28 14:55 | Report Abuse

China with 1.4bil population leh. If out of control later who is going to answer later. Xi also scare to take responsibility leh. Haiyoh. Correct?

Posted by UlarSawa > 2022-11-28 14:57 | Report Abuse

Later many cannot survive kena covid how. Also blame the gorment kah. Lock down or not also blame the gorment. Susah lah. Macam coin ini macam lah. Ada head ada tail. Open tail bet head one angry. Open head then bet tail one angry. Haiyoh. Correct?

Posted by BobAxelrod > 2022-11-28 14:57 |

Post removed.Why?

Posted by Sslee > 2022-11-28 14:59 | Report Abuse

The world population is 8 billion so tell me which country still practice forced covid lockdown.

By the way I caught Covid 3 months ago and last month I have flu and my flu sickness is more severe than covid.

Posted by UlarSawa > 2022-11-28 15:01 |

Post removed.Why?

Posted by UlarSawa > 2022-11-28 15:02 | Report Abuse

Sudah Winter month leh. Oil price still down apa macam ni. All cerita winter oil price sure spike above 100 leh. The Myth is True or not. Haiyoh. Correct?

Posted by brightsmart > 2022-11-28 15:03 | Report Abuse

sslee, what about long covid and brain damage for covid recovered patients. ?

Posted by brightsmart > 2022-11-28 15:04 | Report Abuse

there are many brain damaged covid recovered patients , so how?

Posted by brightsmart > 2022-11-28 15:06 | Report Abuse

Posted by UlarSawa > 2 minutes ago | Report Abuse

Sudah Winter month leh. Oil price still down apa macam ni. All cerita winter oil price sure spike above 100 leh. The Myth is True or not. Haiyoh. Correct?
=========

all myths.......................probability $ 2 HY q3 eps also myth.

Posted by Sslee > 2022-11-28 15:07 | Report Abuse

I have 2 Sinovax and 1 booster Pfizer. I developed side effect with Pfizer booster as my knee cap swallon and cannot walk for a week.

Posted by BobAxelrod > 2022-11-28 15:07 |

Post removed.Why?

Posted by UlarSawa > 2022-11-28 15:07 |

Post removed.Why?

Posted by brightsmart > 2022-11-28 15:07 | Report Abuse

HY probably report + 20 to - 20 sen eps for q3.

Posted by brightsmart > 2022-11-28 15:08 | Report Abuse

lung damage migrate to brain damage already...............................................

Posted by UlarSawa > 2022-11-28 15:10 |

Post removed.Why?

Posted by BobAxelrod > 2022-11-28 15:12 |

Post removed.Why?

Posted by UlarSawa > 2022-11-28 15:12 | Report Abuse

Oil Specialist mana ada eps rm2.00 less than that lah. Rm2.00 is someone else facts n figures lah. Haiyoh. Correct?


brightsmart

Posted by UlarSawa > 2 minutes ago | Report Abuse

Sudah Winter month leh. Oil price still down apa macam ni. All cerita winter oil price sure spike above 100 leh. The Myth is True or not. Haiyoh. Correct?
=========

all myths.......................probability $ 2 HY q3 eps also myth.

3 minutes ago

Posted by UlarSawa > 2022-11-28 15:13 | Report Abuse

WHO also you believe kah. lol. Haiyoh. Correct?


BobAxelrod

SecretService, your mix dose (booster) was strongly recommended by WHO and done in many countries successfully.

2 seconds ago

Posted by hng33 > 2022-11-28 15:14 | Report Abuse

China central policy is to practise loose covid zero policy, but, local gov remain rigid such as continue demand 24hr PCR test instead of central gov guidelines demand only 72 hr PCR test.

The discrepancy practice is local gov continue adhere KPI introduced by earlier Central gov in which if outbreak, local party head and local head gov need to bear full responsibility. The KPI set risk their position getting fired or influence their future politics prospect.

China central gov need to amend their KPI on covid zero policy down to in line to latest central gov loosen guidelines. Its matter of time to streamlined policy from central throughout local government

Posted by UlarSawa > 2022-11-28 15:15 | Report Abuse

Ular 3 doses regime also pfizer leh. Also ada side effect. Hair drop leh. Now ular hair getting thinner leh. Haiyoh. Correct?

Posted by Sslee > 2022-11-28 15:23 | Report Abuse

Brent crude futures dropped more than 2% below $82 per barrel on Monday, sinking to the lowest levels since January as widespread protests in China over its strict zero-Covid policy hurt investor sentiment and the demand outlook. Oil prices were also pressured by reports that the US granted Chevron Corp a license to resume oil production in Venezuela. The international oil benchmark has entered its fourth straight week of declines as Covid-related uncertainties in top crude importer China and mounting fears of a global recession gripped energy markets. Meanwhile, traders continued to track developments surrounding a G7 plan to impose a price cap on Russian oil, though reports of a high price cap eased worries that Russia would retaliate by cutting supply. Investors also remain cautious ahead of an OPEC+ meeting on Dec. 4 as the group of major producers is expected to keep supply tight.

Posted by brightsmart > 2022-11-28 15:32 | Report Abuse

Operating in the unknown.
No right to criticise CPC. Because everyone is operating in the unknown

Posted by brightsmart > 2022-11-28 15:33 | Report Abuse

Although glad to be in Malaysia rather than China with lockdowns

Posted by UlarSawa > 2022-11-28 15:37 | Report Abuse

G7 kasi Russia oil capped at around usd60 if takda read wrongly some times back. How lah. If everyone also want to buy at 60. Who buying at current price leh. Haiyoh. Correct?

Posted by UlarSawa > 2022-11-28 15:38 | Report Abuse

Why China lockdown not good kah. Msia lockdown time China also glad b4 leh. Haiyoh. Correct?




brightsmart

Although glad to be in Malaysia rather than China with lockdowns

3 minutes ago

Posted by UlarSawa > 2022-11-28 15:41 | Report Abuse

Latest news leh.

G7 eyes oil price cap of $65-$70
The level is higher than some countries wanted and may do little to limit Russia’s energy revenues.

Posted by BobAxelrod > 2022-11-28 15:42 | Report Abuse

$65?? Stop dreaming lor.

Posted by UlarSawa > 2022-11-28 15:43 | Report Abuse

China COVID cases hit fresh record high after weekend of protests


China on Monday reported a fifth straight daily record of new local cases of 40,052, up from 39,506 a day earlier. Mega-cities Guangzhou and Chongqing, with thousands of cases, are struggling to contain outbreaks while hundreds of infections were recorded in several cities across the country on Sunday.

Posted by UlarSawa > 2022-11-28 15:45 | Report Abuse

40k alot leh. China lockdown pun so many kena covid. If takda lockdown anytime in hundred thousand leh. So scary. Some even dare to go out jalan jalan with this figure. Lagi mau complain lagi leh. Haiyoh. Correct?

Posted by UlarSawa > 2022-11-28 15:50 | Report Abuse

Dont blame China lockdown leh. Not easy if the cases increased and it will make their healthcare system breakdown one leh. Dont play play if it happen and many will suffer not only covid patients. Non covid patients also affected one leh. If you baca betul betul the real effect then you wont complain leh. Haiyoh. Correct?

Posted by UlarSawa > 2022-11-28 15:54 | Report Abuse

How you know it will not happen leh. If follow TA chart why cannot. Technically is possible leh. Chart show lower low channel leh. Haiyoh. Correct?


BobAxelrod

$65?? Stop dreaming lor.

8 minutes ago

Posted by UlarSawa > 2022-11-28 15:57 | Report Abuse

Someone said usd80 cannot break. Now wti pun pecah 75 liao leh. Why cannot 65 kah. Usd10 only leh. Not that far also leh. Haiyoh. Correct?

Posted by UlarSawa > 2022-11-28 16:00 | Report Abuse

Thats why ular scare to tikam the koboi oil ctr again leh. QR out ada profit up but share price takda pecah higher high leh. Ular ran road until now turun balik already leh. Haiyoh. Correct?

Posted by UlarSawa > 2022-11-28 16:13 | Report Abuse

https://www.thestar.com.my/news/nation/2022/11/28/anwar-arrives-for-pakatan-presidential-council-meeting-in-pj