Lets take the bottom estimate 1.1mil. Barrels left to NZO.
At 120 us $ converted to nz at 0.865$= $152mi. instead of nz $190 mi. a downgrade of nz $ 38mi.
Say over 9 years a loss of GROSS revenue of 4.2 mil.per annual.
Question: is downgrading of at one point 18% and end of day trading yesterday of 13% realistic ,what is going on here?