CHI - Channel Infrastructure Ltd (NZR)

[iceman]

LOL...you can't be on time to every party but when its a good one I reckon its better to be late than never arrive

Welcome aboard mate . As an aside, a friend who is a petroleum engineer told me yesterday that 30000 jobs have gone Worldwide in the petroleum exploration industries last 12 months. I know many people in that industry that are unemployed or facing unemployment. All points towards the companies believing we are stuck with low prices for a
long time yet

[Leftfield]

"A record glut of oil ( 3 Billion Barrels) is set to continue into next year and maintain pressure on prices, the International Energy Agency said on Friday. "

Source BBC News. http://www.bbc.com/news/business-34808487

[sb9]

After few quite days, this one is on the move too...

[Beagle]

Welcome aboard mate . As an aside, a friend who is a petroleum engineer told me yesterday that 30000 jobs have gone Worldwide in the petroleum exploration industries last 12 months. I know many people in that industry that are unemployed or facing unemployment. All points towards the companies believing we are stuck with low prices for a
long time yet

Thanks mate and agree 100%. Oil, $Kiwi and other commodities lower for longer is one of my key investment theme's for 2016 and is highly likely to continue into / through 2017 I reckon.

[golden city]

what a good year..,

[cdonald]

might just be the start of things to come Golden City

http://www.hellenicshippingnews.com/...mand-supports/

Other articles are pointing to $9USD/BBL margins next year too... Running a full year at CAP is unheard of. Running more than a year will be gold buckets... I imagine the refinerys costs will be a bit lower this year as a lot that nasty interest stuff wont have to be paid due to paying down debt.

[vin]

Am I too late to jump on board? :X?

[Crackity]

Am I too late to jump on board? :X?

Well it did start the year at the $2.15 mark so it has had a good rise this year.

However Rog has just bought in about this level so he sees more upside - it will be a good final dividend I think ( I would say at least 10cps ) and the interim of 5cps was unexpected.

A lot of the overseas refineries own the oil they process - the volatility ( $40 to $50 to $40 again) plays havoc with their inventory valuations and it seems they try to increase their margins to compensate.

i have been holding all year and am not tempted to sell yet - don't think I would buy at current levels though...

hope this helps

[sb9]

might just be the start of things to come Golden City

http://www.hellenicshippingnews.com/...mand-supports/

Other articles are pointing to $9USD/BBL margins next year too... Running a full year at CAP is unheard of. Running more than a year will be gold buckets... I imagine the refinerys costs will be a bit lower this year as a lot that nasty interest stuff wont have to be paid due to paying down debt.

Thanks for that link cdonald.

Should be be close to $4 soon once the new plant is underway, which must anytime from now as they've indicated it'll be end of Nov to be commissioned.

I agree with crackity there vin re dipping your toes now, as it had a spectacular in the last few months and am not sure how much more higher it can go? Of course one would hope it keeps going up, I would probably look to get in on any dips(unlikely now). Pls DYOR and depends on your investment objectives too.

[sb9]

Most improved performance: Refining NZ

From the Deloitte top 200 awards last night.