CHI - Channel Infrastructure Ltd (NZR)

**bunter** · 16-02-2015, 06:37 PM

Originally Posted by BlackPeter

lower oil prices higher consumption, which means more volume for NZR.

I think NZ uses all NZR's output, in which case more NZ consumption doesn't help NZR.

Te Mahi Hou is forecast to increase NZR's output (by 3m bpa - 7%).

That will help. All built into my model - see prior posts.

**dodgy** · 16-02-2015, 08:09 PM

Originally Posted by bunter

I think NZ uses all NZR's output, in which case more NZ consumption doesn't help NZR.

Te Mahi Hou is forecast to increase NZR's output (by 3m bpa - 7%).

That will help. All built into my model - see prior posts.

As usual - you are onto it Bunter. My reference to consumption was the increase that will elvove from the end of this year after TMH commissioned. This will change the output value and product mix and handle different more profitable crude grades. The break point will always be if the oil co's (as with Gull) can import out of the asian mega refineries or wherever cheaper.
BP - moniker reference withdrawn.
-d

**golden city** · 19-02-2015, 10:42 PM

finally the day comes.., tomorrow we will know more of nzr's future..

**golden city** · 19-02-2015, 10:42 PM

looking for a spark

**BlackPeter** · 20-02-2015, 06:58 AM

Originally Posted by golden city

looking for a spark

No spark, please. Too dangerous with all the petrol around!

**cdonald** · 20-02-2015, 09:00 AM

http://www.refiningnz.com/media/9683...ment__nzx_.pdf

No final dividend this year, paying down debt, looks like they are doing very well! Nice report guys.

**bull....** · 20-02-2015, 09:09 AM

no div, lived in hope of a surprise but i see gearing has to be 10-20% before divs are considered.
paid of nearly 30mil of debt in just last 6mths ...fast
bigger than forecast uplift in margin improvement
record margins maintained in jan- feb
good result if all this maintained next yr result will be wicked