General concern over mkt reaction to Fed's rate hike scheduled for today……IMHO back to 'business as usual' in the new year.
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Te Mahi Hou project article
http://www.nzherald.co.nz/business/n...ectid=11562988
A big gas deal with Vector to boost margins http://www.nbr.co.nz/article/vector-...inery-b-183216
Hi All
Happy New Year and may NZR finally achieve anticipated liftoff. Can anyone please inform me what the current applicable offshore refinery margin is. Thanks. We can then extrapolate a future for this co based on the current exchange rate and recent historic throughput - co actuals expected about 20th.
Happy investing in 2016
-dodgy (owner/shareholder/accumulator)
Back in the day when the refinery was a Think Big project the refinery was designed to refine Iranian Sour grade oil. It was built this way becuse we sold mutton and butter in exchange for oil.
It looks like the Iranian oil embargo will be lifted within days. My question is does the refinery still have Iranian Sour cracking capability and will it be able to charge higher toll processing fees because of it?
Boo boop de do
Marilyn
.......these super-low barrel prices must surely be helping NZRs bottom line. Have I got that right?? Add to this Craigs prediction of a 14% plus dividend (at current SP) must make NZR a screeming buy??
in short, yes and yes. So should be good for the refinery in general. I expect we will get an update today of the margins for Nov/Dec and a full year earnings report too. From what I understand margins are still well above cap so it should be a pretty stunning result.
......to quote Craigs., " we see several positive catalysts for the stock over the coming 12mnths incl a reinstatement of the dividend policy and an end to the major capital expenditure programme". They are forecasting a dividend yield of 14.3% which has to be one of the best (if not THE best) currently on the NZX. BULL do you know will the low Barrel price be helping or hindering NZR??