CHI - Channel Infrastructure Ltd (NZR)

[cdonald]

for those who want a bit of excitment in their day it might be cool to type "Singapore Complex Refining Margin" into google. If you are looking at the 5 day rolling average graph from Neste add another $2 per bbl onto it and it will be pretty close to what NZR will be getting.

[cyclist]

for those who want a bit of excitment in their day it might be cool to type "Singapore Complex Refining Margin" into google. If you are looking at the 5 day rolling average graph from Neste add another $2 per bbl onto it and it will be pretty close to what NZR will be getting.

Subtract $2? (rather than add?). That seems to have been the pattern in the last few months. But yes, exciting times.

Have read a number of articles warning that these spikes don't tend to last that long, but enjoying it while it lasts.

[cdonald]

Subtract $2? (rather than add?). That seems to have been the pattern in the last few months. But yes, exciting times.

Have read a number of articles warning that these spikes don't tend to last that long, but enjoying it while it lasts.

Subtract $2 to get to the Singapore complex refining margin then add $4 for NZR uplift over Singapore complex. Just thought it was easier to add $2 instead. Yes, these are spikes but every spike or dip effects the income that NZR gets for 2 months as its the average margin for 2 months rather than the daily spikes. The base level is not that bad before the spike (base level is basically at cap already). If fees are over CAP then they will be effectively spread back over previous months until the CAP for the year is reached.

[cyclist]

Thanks for the clarification cd. A much more direct way of thinking about NZR's margin.

[winner69]

That pipeline to Auckland getting broken is a bit of a disaster




Hope the digger driver has a decent insurance cover

[golden city]

Disappointed

[winner69]

Might be a bit of panic buying from motorists up North tomorrow ...petrol that is not NZR shares

[horus1]

The NZ govt ,SImon Bridges ,made a disastrous decision in 2012. I bet that gets covered up. They were told of the risk and ignored it

[Oliver Mander]

From memory, its actually NZR that own the RAP ( refinery to Auckland Pipeline), not the oilcos. Will be interesting to see whether any claims are made for compensation, and whether NZR holds any liability.

[bull....]

10 - 15m hit yuk , lucky margins are high so might not look to bad overall and if they pump the throughput up could easily make back.

wonder if business interruption insurance covers the 10 - 15m?