......apologies for such a fundamental question but I am new to this sector!
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......apologies for such a fundamental question but I am new to this sector!
GR8DAY, this recent news article might help to answer your question
http://www.livemint.com/Money/IeReU6...-strength.html
.....thanks CD, that pretty much answers my question. According to my calculator that equates to a 27% improvement on margins which sounds very healthy for NZR.
This was my best performing stock today apart from OGC, it has held up well against the world turmoil on the int markets of the last few weeks. I feel the oil bubbling up. :-). Last 6 months have seen 3 rises. Due for a slight hike again ?
anyone else taken a slight beating?
A recent article on the effect on refinery margins in India caused by lower Oil prices FYI. I hope these benefits also flow to NZR! ;-)
http://www.bloomberg.com/news/articl...30-crude-price
..........good news report just out. All time record processing fee and forecasts beaten by some margin.
Great result ... thought that this will be the start to a nice little rally (it has just started ...). Looking forward to the divvies this year.
As well - given that oil might stay low for some time (courtesy to the house of Saud and now Iran coming online again), thanks to world oil consumption keeping rising (check out the IEC report) - putting pressure on refinery capacity, thanks to the recent refinery improvements which should flow into this years (and coming years) results and the NZD as well at reasonable levels ... We might have a good chance for some more good years to come.
Participating in the 2014 CR for NZR (I think around $1.80 per share) was definitely one of my better investment decisions;)
Discl: very happy holder, but DYOR;
......good call BP. Wish I had become aware of this one a bit earlier on.....thanks CRAIGS! Anyway Im on board at $3.62 and looking forward to a very healthy dividend. Might even average up and buy more........no point having cash in the bank esp. with this sort of yield.