nzr going life again..
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nzr going life again..
oil and nz dollar down again at the moment, all positive
probably after next week.., will top 3 bucks
Might actually head lower in the short term with limited floating storage now available and USA stockpiles increasing. At some stage the oil stored by the chinese will hit the market and drive the price down a bit. Again, I think that the price of oil is a very small part to play in the profit that NZR make and other factors such as the rolling refinery strikes in the USA have got a lot bigger part to play.
Of interesting note, good to see the Commercial Manager of the refinery buying shares, was a bit shocked to see that it was the first disclosure notice for him as it looks like he has been buying for a while. Might be that he has now accumulated over 10k of them.
big falls again in oil - refiners going gang busters my favourites - VLO,NZR
http://247wallst.com/energy-business...lling-margins/
http://www.cmegroup.com/trading/ener...p-futures.html
think this is the spread $2.43 very small, if im wrong please correct
Hi Bull
I don't remember any mention of NZR having any percentage draw down of Dubai, Brent etc crude for the refinery but that the reconfiguration will enable the use of a wider range of crude feed stocks , e.g differing viscosity and sulphur contents etc. This would enhance profitability due to differing product production eg more fertilizer raw material or whatever. Even NZ oil from Maari/Tui etc. priced on Tapis I think, can be processed if considered desirable (low viscosity?).
Regards
-d