Hope to see big dump & we are not here prove who is right ya, important is the profit at the end of day^^ no point guessing share price daily unless u are full time trader
long term wise is a good hold.... Maybank's TP 1.70 is reasonable.... more coverage from others will come and likely will be around there. It's a simple demand+supply math, oil producers did not invest enough for the past 2 years, incl maintenance etc, so oil production is not fast enough to meet demand. This is not even factor in some countries pile up reserve quietly for potential war. OPEC may say to boost up production rapidly but who want to shoot into their own feet?
When i clicked on tiger's comments, i can't help but to speculate he lost in Hibiscus. The problem with most people, they blamed others for their failure. Even if we were conned, we should learnt from the situation instead of dwelling in self pity. Learnt and move on
HANOI : Vietnam is suffering from fuel shortages with hundreds of retailers forced to halt sales, prompting Prime Minister Pham Minh Chinh to order an investigation of the market including imports and exports of gasoline. Nearly 300 petrol and oil retailers across the country have stopped product sales, according to the trade ministry, which carried out a round of inspections. Reasons ranged from insufficient supplies from wholesalers and distributors to workers contracting Covid-19, it said. Local media have published photos of shuttered petrol stations displaying signs that they had run out of gasoline. The dislocation in Vietnam comes as a rally in crude oil to a multiyear high has boosted the prices of gasoline and diesel, fanning inflationary pressures and posing challenges for governments worldwide. In addition, Vietnam’s largest refinery, Nghi Son, was recently forced to reduce capacity from mid-January due to financial difficulties, according to the VnExpress news website. Chinh has ordered the finance and trade ministries to provide a proposal to adjust the environmental protection tax on gasoline and other oil products, according to a statement. Extra inspections of suppliers, distributors and retailers are under way to prevent hoarding or other violations. The trade ministry, meanwhile, plans to auction about 102 million litres of RON-92 gasoline from national reserves, with a starting price of about 14,058 dong (62 US cents) a litre, according to a separate VnExpress report. Oil refiners throughout Asia have been increasing run rates, but that’s done little so far to alleviate the problem as unplanned outages from the US to Asia crimp output. Product supplies may remain tight in Asia, with several refineries set to undertake scheduled maintenance in the second quarter. Fuel traders are monitoring Vietnam’s supply balances for diesel and gasoline, particularly as stockpiles of the former have hit a multi-year low. The Nghi Son refinery supplied 34% of the country’s total petroleum in 2021.
Small Frackers Race To Drill As OPEC+ And Big Oil Majors See No Need To Pump Faster
After years of fighting low oil prices, a general and possible global consensus is emerging among major oil players who would rather see oil prices stabilize rather than undergo boom and bust phases.
Biden kick Putin in the backside with some sanctions , now mad Putin gonna increase the heat level, then Biden will increase sanctions, then Biden gonna increase the heat level some more, sooner or later crude oil price will be at $100 - $ 150 ? Hmmmm ?
Putin wants higher energy prices, but don't underestimate Biden as he is a big promoter of green energy and EV revolution. Higher energy prices will benefit his agenda in shifting to alternate energy to fossil fuels. Higher energy prices may be what they are both dreaming of. If it is the case then brace for Hibiscus sky rocketing.
https://www.cnbc.com/2022/02/23/oil-markets-russia-ukraine-tensions.html The last paragraph of the above article says :- “If a U.S.-Iran deal is reached, it will ease some of the pressure but not enough to stop oil prices inching towards triple digits,” said Pratibha Thaker of the Economist Intelligence Unit.
iran oil always in the market d. During sanction, nobody know the actual qty they sold. All estimate only. Once sanction remove, they no need to sell in the black market anymore. Biggest winner in this deal of course is iran......IMHO...la
U.S. Secretary of State Antony Blinken has said he believes Russia will invade Ukraine within hours after separatists on Wednesday asked for Russian help to repel "aggression" and as explosions rocked the breakaway eastern city of Donetsk.
done paktua realease back 57% share on hand.. release at rm1.24-1.23 just lock back capital.. secure profit on hand.. its only tactical for more ability to fight long..
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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....
targetinvest
2,646 posts
Posted by targetinvest > 2022-02-23 11:23 | Report Abuse
hibiscus tarik crude from the basin
hengyuan refine the crude in refinery..
hengyuan also can take a look..