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  1. uls's Avatar
    uls
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    May 8th, 2008 04:10 PM #1
    http://www.bloomberg.com/apps/news?p...u.0&refer=home

    -----------

    wanna get free gas?

    Go work for Gokongwei.

    hehe
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  2. zero's Avatar
    zero
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    May 8th, 2008 05:26 PM #2
    bigla nga raw tumaas ang shares ng petron sa stock exchange.

    sayang ito sa part ng phil. gov. dahil performing asset ito.
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  3. Isuzoom's Avatar
    Isuzoom
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    May 8th, 2008 05:33 PM #3
    Let the real businessmen run the corporate world....not the polticians.. I believe the gokongwei will transform petron into a notch higher oil company. ....they want petron because of their cebu pacific planes who consumes jet fuel. it is a win win situation for the government and jg summit...hope they can sell low cost fuel like their low cost airline.
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  4. jpdm's Avatar
    jpdm
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    May 8th, 2008 06:05 PM #4
    It will be definitely good for the country as a whole because a very professional Filipino conglomerate will buy a leading oil and petrochemical company...

    There will be synergy with the entry of JGSummit into Petron.

    JGSummit through its JGSummit Petrochemical Corp.-the only integrated petrochemical company operating in a very lucrative resin and plastic industry in the country-will tremendously benefit especially with the recent opening of Petron's PetroFCC and Propylene Recovery Unit (PRU) plants because the products of these plants will supply the raw material requirements of JGSummit....

    For instance, JGSummit owns C2 brand and Nestle Mineral water...these products needs plastics or PET bottles, raw materials come from these petrochemical plants. So costs will be reduced if requirements come from JGSummit's other firms....

    Malaki kita sa petrochemical plus the no.1 position of Petron in the oil industry (40%) with the biggest and most modern refinery in the country (an advantage because imported refined oil products are more expensive), solve problem nila sa oil price fluctuation at makikinabang ang Cebu-Pacific airline......

    Sana Bilhin na ng Gokongwei hindi lang yung government stake pati na yung sa Aramco-Ashmore....
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  5. mazdamazda's Avatar
    mazdamazda
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    May 8th, 2008 06:23 PM #5
    Quote Originally Posted by uls View Post

    wanna get free gas?

    Go work for Gokongwei.

    hehe
    Are you sure?

    We aren't even getting free drinking water. Hehe.

    :rofl:
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  6. sequoia
    sequoia is offline Tsikot Member Rank 2
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    May 8th, 2008 08:19 PM #6
    parang ang intindi ko sa news binibili niya (JG) yung share ng Aramco na binenta ng government natin sa aramco dati. may share pa palang natira ang gobyerno natin?
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  7. uls's Avatar
    uls
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    May 8th, 2008 10:06 PM #7
    Quote Originally Posted by mazdamazda View Post
    Are you sure?

    We aren't even getting free drinking water. Hehe.

    :rofl:
    free C2?

    free Chippy?

    free FHM?

    hehe
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  8. Isuzoom's Avatar
    Isuzoom
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    May 8th, 2008 10:36 PM #8
    imagine mo lahat ng petron meron ministop and handyman. uniform ng gas boy litton textile...ursumco sugar central makes biofuel...all stations uses sun cellular plus load...lahat ng summit magazine esp. top gear available sa petron.
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  9. mazdamazda's Avatar
    mazdamazda
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    May 9th, 2008 11:28 AM #9
    Quote Originally Posted by uls View Post
    free C2?

    free Chippy?

    free FHM?

    hehe
    None of the above... :rofl:
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  10. Stoner's Avatar
    Stoner
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    May 9th, 2008 12:04 PM #10
    For the purpose of discussion, won't there by any ill effects with the government losing control of its Petron stake?
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  11. uls's Avatar
    uls
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    May 9th, 2008 12:12 PM #11
    Quote Originally Posted by mazdamazda View Post
    None of the above... :rofl:
    ummm...

    free Sun text and calls? free cellphone?

    free seat on Cebu Pacific?

    Last edited by uls; May 9th, 2008 at 12:14 PM.
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  12. Altis6453's Avatar
    Altis6453
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    May 9th, 2008 01:28 PM #12
    Quote Originally Posted by Stoner View Post
    For the purpose of discussion, won't there by any ill effects with the government losing control of its Petron stake?
    From what I know, government still has a right of first refusal over the shares of ARAMCO in Petron. If they choose to exercise it, no sale can be made to the Gokongwei group over these shares. The government has lost control over Petron a long time ago. So, it's not as if buying back the shares will result in any immediate benefits for the consuming public --- especially if the objective is to try and lower pump prices.
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  13. uls's Avatar
    uls
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    May 9th, 2008 02:12 PM #13
    Quote Originally Posted by Altis6453 View Post
    From what I know, government still has a right of first refusal over the shares of ARAMCO in Petron. If they choose to exercise it, no sale can be made to the Gokongwei group over these shares. The government has lost control over Petron a long time ago. So, it's not as if buying back the shares will result in any immediate benefits for the consuming public --- especially if the objective is to try and lower pump prices.
    The govt has no budget to buy the Aramco stake. (40%)

    http://business.inquirer.net/money/t...take-in-Petron

    Mapupunta sa Ashmore ang Aramco stake.

    JG Summit wants to buy the govt stake (40%)

    the rest is held by the public.
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  14. jpdm's Avatar
    jpdm
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    May 9th, 2008 06:34 PM #14
    The government-PNOC should accept the offer of JGSummit instead of the Ashmore bid...
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  15. uls's Avatar
    uls
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    May 9th, 2008 10:04 PM #15
    Ano kaya plano ng Ashmore sa Petron?

    Ashmore is a private equity firm.

    Part of their business is buying and selling companies.

    They are not interested in running the companies they buy.

    They are just interested in selling them at a huge profit.
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  16. uls's Avatar
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    May 9th, 2008 10:15 PM #16
    Quote Originally Posted by jpdm View Post
    The government-PNOC should accept the offer of JGSummit instead of the Ashmore bid...
    the govt cannot do anything about the ashmore bid.

    the govt has no plans to buy back the petron shares from Aramco coz the govt has no money for that.

    The only thing Aramco cares about is to sell their Petron shares.

    They don't care who buys the shares... basta kung sino interesado at may pambayad, ibebenta ng Aramco sa kanya...

    E ang may linaw si Ashmore...

    malabo phil. govt.

    Why doesnt JG Summit outbid Ashmore for the Petron shares of Aramco nalang?

    Para 40% JG, 40% Philippines govt, 20% public.
    Last edited by uls; May 9th, 2008 at 10:20 PM.
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  17. jpdm's Avatar
    jpdm
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    May 9th, 2008 10:49 PM #17
    Quote Originally Posted by uls View Post
    Para 40% JG, 40% Philippines govt, 20% public.
    This is the numbers that I'm praying for...

    The government cannot just give up its share to other investor especially foreign...


    The Philippines will lose the only remaining leverage against a highly deregulated but still an oligopolistic petroleum market.....


    At least, JG Summit is still a local company....
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  18. ringostarr
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    May 10th, 2008 01:41 AM #18
    puwede na gamitin SUN cellphones sa Petron Gas Stations
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  19. Isuzoom's Avatar
    Isuzoom
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    May 10th, 2008 09:04 AM #19
    Quote Originally Posted by uls View Post
    Ano kaya plano ng Ashmore sa Petron?

    Ashmore is a private equity firm.

    Part of their business is buying and selling companies.

    They are not interested in running the companies they buy.

    They are just interested in selling them at a huge profit.
    The question is who is behind ashmore? another ahole inside the government who will just simply get a billion peso commison and tongpats? Ok if JG Summit will get all the 40% of aramco or even part of the government share para wala nang bukol and tongpats.
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  20. uls's Avatar
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    May 10th, 2008 04:39 PM #20
    Quote Originally Posted by Isuzoom View Post
    The question is who is behind ashmore? another ahole inside the government who will just simply get a billion peso commison and tongpats? Ok if JG Summit will get all the 40% of aramco or even part of the government share para wala nang bukol and tongpats.
    Labas na ang Philippines sa Aramco-Ashmore transaction

    Kahit na Petron shares ang pinag uusapan, the shares are owned by Aramco (a foreign company) and being sold to Ashmore (another foreign company)

    So malabo na may pumapel na tao ng Phil. govt.

    Pero kung yung govt shares ng Petron ang binebenta...

    well, ibang usapan na yan...

    meron mga taga gobyerno na kikita jan...
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