Posted by kebling98 > 2023-06-09 22:39 | Report Abuse

haiyoh we all know refinery companies need crack margin 4 to break even loh
Imagine lah if you are the hedging manager lah
When you see refining margin goes up to 12
What is your action lei?
Push the buy button lah of course
Lock in gross profit of 8*4.2*10millions = 320 millions loh
Who knows russian will attack Ukraine lei at that time?

So, the manager hedge maybe 1 ~2 million barrels every months until 2024 loh. It is possible to hedge 5 millions barrels for 33 months? Impossible lah.

In 2022, refining margin surge to the moon lah
The manager continues hedge loh.

Checking CME data, hedging price after July 2022, is below 9 lah
So, the manager no more hedge after July loh.

That’s why we see the margin is 9.5~36.1 loh

One more things yah
The margin in 2022 is 8~12.30
lazy explain lah
Go check the data, you will find in which quarter they were hedging lah
Is FIFO one lah. Most of margin below 12 had been closed position in 2022lah. Forwards, Hengyuan enjoy very high very high crack spread margin lah.

Noticed this year, refining margin is above normal loh

Diesel maybe a bit lower but they already hedge it high mah

shipping cost & insurance premiums pun dah turun lah

Btw we already full load in petron m loh. Hengyuan no rush, buy slowly while others tak
Percaya loh

Tesla up 7% loh kayanya my cowboy sifu

Posted by kebling98 > 2023-06-09 22:45 | Report Abuse

But before buy Hengyuan
Think carefully yah
Because
The management is Chinaman yah.

Posted by speakup > 2023-06-10 14:46 | Report Abuse

https://www.therakyatpost.com/fun/2023/06/10/american-comedian-chrissie-mayr-baits-malaysians-on-twitter-makes-mas-joke/

Posted by Sslee > 2023-06-11 15:32 | Report Abuse

https://klse.i3investor.com/blogs/Sslee_blog/2023-06-11-story-h-267933244-Hengyuan_Follow_up_questions_on_HRC_response_to_my_whistle_blowing_ques.jsp

Hengyuan: Follow up questions on HRC response to my whistle blowing questions

Posted by IshraaqNor > 2023-06-12 14:16 | Report Abuse

Tak kesah. Proton punya management juga adalah Chinaman

Posted by DickyMe > 2023-06-12 15:08 | Report Abuse

"kebling98

But before buy Hengyuan
Think carefully yah
Because
The management is Chinaman yah.

2 days ago"
===============

Management Bumi pun dua kali juga.
Harapkan pagar, pagar makan padi.

Posted by kebling98 > 2023-06-12 15:30 | Report Abuse

Bumi sometimes jadi batu mah
Always watching this lah , this Hengyuan always limit up mah
Cw anytime make 2000% returns loh

Watching msc too, tin price is In uptrend loh

Posted by kebling98 > 2023-06-12 17:54 | Report Abuse

Malu tapi kadang2 benar.
Sakit tapi apa boleh buat?
Engine rosak, captain bodoh

Posted by kebling98 > 2023-06-12 18:16 | Report Abuse

Gods will
I like Andy lau ! Used to listen this song when I was young

Posted by i3lurker > 2023-06-12 21:40 | Report Abuse

WTI is 68
means China refiners is buying unlimited Russian Urals, refine to diesel and dump into international markets.
With cheap Urals, 3 Gorges, low China salaries, HRC is having a headache

to rescue HRC from PN17 will need rapid defeat of Russia

Posted by Sslee > 2023-06-13 08:43 | Report Abuse

https://klse.i3investor.com/blogs/Sslee_blog/2023-06-13-story-h-267899357-i3admin_pleasae_take_action_on_Mikecyc_abusive_and_cyber_sexual_harassm.jsp

Posted by IshraaqNor > 2023-06-13 16:03 | Report Abuse

Jgn gaduh lah. Melabur scr amai dan damai. Keep learning!

Posted by kebling98 > 2023-06-14 13:26 | Report Abuse

tech show time loh
hengyuan tidur dulu

Posted by IshraaqNor > 2023-06-14 16:56 | Report Abuse

HY ada naik sikit hari ni dan Tech naik lebih tinggi

Posted by kebling98 > 2023-06-15 09:58 | Report Abuse

MSC ! Check Myanmar news lah
Up trend stocks till year end loh

Told you don’t worry about deferred tax , buy dnex
Tin price uptrend, buy msc

Kebling no lies one loh

TENAGA so cheap now , ready some bullets loh

Posted by pang72 > 2023-06-15 11:09 | Report Abuse

PETRON can going up only near next QR day..
If not 40c then 30c can lift up the price at least to rm5

Posted by IshraaqNor > 2023-06-15 16:56 | Report Abuse

Semasa goreng, HY akan naik lebih tinggi drpd Petron, hehe

Posted by pang72 > 2023-06-15 17:20 | Report Abuse

Hrc kena tunjuk profit next QR baru boleh kerja PETRON.
PETRON 40c QR sangat bagus among most company in bursa, shld cross rm6 or rm7 as compared to Petdagang rm22 with eps 30c only

Posted by pang72 > 2023-06-15 17:23 | Report Abuse

Petdagang rm22@eps30
Petron rm5@eps40
Hrc rm3. 1@eps - 40c

Jadi, PETRON byk underatted

Posted by pang72 > 2023-06-15 17:24 | Report Abuse

PETRON at least kena kat tengah tengah Rm11 dari Petdagang baru logic

Posted by Sslee > 2023-06-15 17:39 | Report Abuse

Repost ffom Petronm forum

(June 15): Boustead Holdings Bhd. is considering divesting its gas stations in Malaysia and is seeking as much as RM2 billion, according to people with knowledge of the matter.

So how much the Petronm retail petrol service stations worth?

Any good news from today Petronm AGM?

Posted by pang72 > 2023-06-15 17:51 | Report Abuse

PETRON shall fetch much higher than BHL rm2B lo..

Petron at rm2B = rm7. 40...

Posted by pang72 > 2023-06-15 17:57 | Report Abuse

https://theedgemalaysia.com/node/671297

Boustead weighing US$432m BHPetrol gas station sale, sources say

Posted by speakup > 2023-06-15 21:15 | Report Abuse

Hengyuan got opportunity go into petrol retail if they buy BHP

Posted by kebling98 > 2023-06-15 23:44 | Report Abuse

Whole world bull loh
Hongkong pun bull loh
Malaysia follow?

Posted by kebling98 > 2023-06-16 00:00 | Report Abuse

Petron sure worth more than 10 lah
Pegang kuat kuat
Floating ticket getting lesser loh

whole world bull loh
We still bear ke?
We the only bear in this planet loh!

Posted by kebling98 > 2023-06-16 09:57 | Report Abuse

Have been collecting ptrans for weeks, lets see cowboy sifu hebat boh

Dnex petronm msc all make good returns , ptrans will be the next sure win stock

Posted by IshraaqNor > 2023-06-16 15:44 | Report Abuse

Perubahan akan dilakukan...

https://www.theguardian.com/business/2023/jun/14/shell-drops-target-to-cut-oil-production-as-ceo-guns-for-higher-profits

Posted by willc48 > 2023-06-17 22:26 | Report Abuse

petron.. TUN M interest? Heng Yuan chinaman should whacked NHP

Posted by IshraaqNor > 2023-06-19 12:05 | Report Abuse

Sama-sama HY dan Petronm naik, sama-sama mrk turun hari ni. hehe...

Posted by IshraaqNor > 2023-06-20 11:08 | Report Abuse

Tak, petronm punya dividen bulan depan baru dapat

Posted by kebling98 > 2023-06-20 20:40 | Report Abuse

Hengyuan hibernation loh

Ptrans going to launch loh
Watch yah

Today sifu give many tips lei
wct kerjaya tafi

No moneys buy loh

Focus ptrans this round…..

Posted by kebling98 > 2023-06-20 23:56 | Report Abuse

US down 300 points
Malaysia water fall loh

If today the driver is Bossku lah
He will fly to US , China to bring in investor loh

He will waive stamp duty loh
Suspend short selling loh
Immediately announce a special fund of 5000millions will be used to save the market loh

Posted by IshraaqNor > 2023-06-21 09:36 | Report Abuse

KLCI tak jatuh byk, relax

Posted by kebling98 > 2023-06-21 14:28 | Report Abuse

Uwc u turn
Tech show time

Posted by Felix888 > 2023-06-21 17:08 | Report Abuse

HRC challenging 10 years low. A decade low 🤐

Posted by abc333 > 2023-06-22 15:53 | Report Abuse

better sink to 2.6 . maybe we should think , after the big dive, where is the ticket goes? in retailers hand? in Banker's hand?

Posted by IshraaqNor > 2023-06-22 19:29 | Report Abuse

Harga utk RON95, RON97 dan Diesel tak berubah

https://ringgitplus.com/en/blog/petrol-credit-card/petrol-price-malaysia-live-updates-ron95-ron97-diesel.html

Posted by IshraaqNor > 2023-06-23 15:58 | Report Abuse

Boleh kutip pd 3.10 ..?

Posted by ncy810116 > 2023-06-23 17:46 | Report Abuse

no way to break 3.13

Posted by kebling98 > 2023-06-24 10:06 | Report Abuse

Next week bahaya loh
But no many know
2Q is recording derivative gains loh
2Q will make more than 200m PAT . Limit up loh August
But limit up is from 3.6 lei or 2.8 lei?
Macam 2.8 loh

Posted by kebling98 > 2023-06-24 12:34 | Report Abuse

CNN
—
Russian warlord Yevgeny Prigozhin has claimed he is moving against Russia’s military leadership and that his fighters have entered the country’s Rostov region ready to “destroy everything” in their way – in a stunning series of developments that pits Moscow’s security establishment against a militia leader whose forces have played a pivotal role in the invasion of Ukraine.

Posted by kebling98 > 2023-06-24 12:38 | Report Abuse

If Russia in chaos, the oil industry will stop. Oil price 100. Hengyuan limit up again loh
God bless russia.

Posted by kebling98 > 2023-06-24 20:32 | Report Abuse

Civil war loh
Crack spread lift to 30? How long lei?
Civil war 3 years, 3 years loh

God bless russia
But, Ukraine will be save
Hai, manusia mengapa suka perang

Posted by Michael Kwok > 2023-06-24 20:40 | Report Abuse

Sell call heng yuan 3.15
Tp rm 2.50 below.
24/6/23 8.40pm

Posted by kebling98 > 2023-06-24 21:03 | Report Abuse

Sifu Michael sell call scib at 22 sen lei
But see chart lah , agree hengyuan may drop to 2.8 loh

But now maybe civil war loh
News is powerful than chart lah

Posted by kebling98 > 2023-06-24 21:32 | Report Abuse

Susah lah. Some brainless one uses to blame rogol disebabkan seluar pendek lah.

Posted by kebling98 > 2023-06-24 21:39 | Report Abuse

I miss DSNR loh
He actually is the 2nd best PM . DSAI cant match NR at all. But DSAI still the top 10 lah.

Top 10 DSAI maybe can last for 10 years lah

Posted by StartOfTheBull > 2023-06-24 21:54 | Report Abuse

In year 1991 Iraq invaded Kuwait oil price shot up 100%.
Wagner chief Yevgeny Prigozhin's rebellion against Russia’s top military brass signalling increasing chaos and uncertainty of the Russian-Ukraine war and may trigger oil price surging next week. Those who panic sold off O&G stocks yesterday would regret.

Posted by kebling98 > 2023-06-24 22:06 | Report Abuse

If civil wars last longer than Ukraine war lah
Oil price 150 pun boleh loh
Is not talking about sanctions, is about production loh
Production may cut down 50% , or totally down loh
Refinery have the same faith loh
That time, all stocks died except oil and gas loh

Monday monitor loh, if fly baru grab loh