I just bought some more
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I just bought some more
S/He just bought some more.
It's probably a temporary state of affairs but may have an effect on NZR's throughput in the short term.
http://www.nzherald.co.nz/business/n...ectid=11588000
Seems as though someone wants get out pretty desperate.
Hi there,
I suppose you are aware of the following article on Bloomberg:
http://www.bloomberg.com/news/articl...-swamping-asia
It talks about refinery margins sinking by 1/3 in Asia because of increasing exports of Chinese refined product.
at the end of the day the share price may have changed a bit but the business model is still robust. Singapore complex margins for Jan averaged $10USD per bbl. They have dropped off in Feb to around $7USD bbl so on a 2 month average you are still looking at CAP (when you take into account the uplift that NZR get above the Singapore complex margin.
Great buying at the moment.
The chart looks concerning to me and a fall below $3.30 could be even more damaging. We could be looking at a trading range between $3 and $3.30 in the not too distant future.
Thanks for posting and I find that quite interesting because at times in recent weeks I have been able to buy diesel for as little as 68 cents a litre after my corporate card discount. It seems the world is indeed becoming awash with cheap diesel. No argument NZR had a good year last year but what future margins will be is the real question.
I'm a bit late responding to this post but one could argue that it's immaterial to the retail companies so long as they preserve their margin. It's the refiners such as NZR that suffer if the retailers can buy cheaper elsewhere and put less through refineries such as NZR.