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Thread: NZR

  1. #1726
    Trying to get outta here
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    Has been a damn ugly hold for quite a while now, took a big hit on this one a couple of years ago and not going there again.

  2. #1727
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    really big divs dont look like coming until there debt is down , going off the matrix looks like in 2 - 3 yrs
    bull

  3. #1728
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    Will open $2.08, NTA sitting at $2.42

  4. #1729
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    Quote Originally Posted by johndoe123 View Post
    Will open $2.08, NTA sitting at $2.42
    All based on cashflows and profits - a refinery at Marsden Point is a pretty specialized asset, worth something to a very limited amount of people.

  5. #1730
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    new lows , are we heading for a test of the 1.60 lows from 2015
    bull

  6. #1731
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    thats why the price collapsed in the last mth , crap margins

    http://www.sharechat.co.nz/article/0...fining-nz.html
    bull

  7. #1732
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  8. #1733
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    Quote Originally Posted by Joshuatree View Post
    Its in Northland - I'm sure Shane will be good for some.

  9. #1734
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    Yes grasshopper thats where the refinery is. Probably a good bet that there are some shareholders named Shane too.

  10. #1735
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    Is it anything more than a green gesture from the oil industry - or is a meaningful contribution to the renewables portfolio?

  11. #1736
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    The cost of solar is below the cost paid by consumers today especially domestic

  12. #1737
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    Consumer pricing is not relevant when NZR is a large industrial consumer. There is no detail in the announcement that lets anyone draw conclusions on cost effectiveness and so shareholders just have to trust the Board decision. Nor is there is a reference to subsidisation in anyway. Solar installation has been decreasing in cost over the past few years and the power generation efficiency has been increasing. Again, there was no reference to the technology assumed in the cost-benefit analysis. The other factor to take into account is the amount of solar energy available throughout a 12 month period at the proposed site. Northland is not the highest region for sunshine hours but then solar intensity is also a factor.
    With regard to NZR margins, I note that Asian refining has been under strong competitive pressure of late, with too much production in the region and hence low margins, but I also note that NZR had an extended shutdown period last FY and so the question is whether the lower margins outweigh this year's increased production or not.

  13. #1738
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    Quote Originally Posted by macduffy View Post
    Is it anything more than a green gesture from the oil industry - or is a meaningful contribution to the renewables portfolio?
    Meaningful, leading by example and cost saving although they are still iresearching this.

    Read more

  14. #1739
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    https://www.reuters.com/article/us-g...-idUSKCN1U40EE

    Mixed messages for refining profitability here. Expect high margins with recent production but further out the Asian over capacity threatens Singapore refining margins. NZR follows Singapore margins.

  15. #1740
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    I think allowing for NZR's uplift and the present value of NZD:USD, that the in-progress year is looking pretty positive (especially relative to the present share price). The article linked below indicates Singapore complex margin of US$3.50 for the quarter just completed, which should hopefully translate to an NZR margin of around US$8 in the upcoming two monthly update. And any spike like is presently happening may get them briefly over cap. Without a shutdown this year, cashflow should be pretty tidy.

    Had to roll my eyes at the solar farm though. I wish they would just stick to their knitting.

    https://en.yna.co.kr/view/AEN20190617005100320
    Last edited by cyclist; 10-07-2019 at 10:37 AM.

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