Quote Originally Posted by bull.... View Post
fundamentally the world is changing , oil is a dinosaur on the way out. look at exon mobil share price ( and all others in the field ) they are being priced for the reality of there death coming.
nzr is spending to just stay in business , there debt is exploding due to low cracks
I feel like that view summaries nicely what is driving the share price down to good value.

While NZR has its own problems and it is hard dirty work refining crude. I don't see any major medium term changes in demand in NZ. I am happy to wait for the FY 19 announcement on Thursday to see what debt etc is doing.

Haven't looked at XOM but suspect I would much rather invest in it rather than Netflix, Tesla, Beyond meat of other money sinks.

Great time to deploy my cash pile on a few undervalued equities and then check on them in a few years