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
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