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  1. #1141
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    I just bought some more

  2. #1142
    IMO
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    S/He just bought some more.
    Last edited by Joshuatree; 10-02-2016 at 04:17 PM.

  3. #1143
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    It's probably a temporary state of affairs but may have an effect on NZR's throughput in the short term.

    http://www.nzherald.co.nz/business/n...ectid=11588000

  4. #1144
    ShareTrader Legend bull....'s Avatar
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    Quote Originally Posted by macduffy View Post
    It's probably a temporary state of affairs but may have an effect on NZR's throughput in the short term.

    http://www.nzherald.co.nz/business/n...ectid=11588000
    this affects Z and other oil companies as they sell the end product
    Im wondering if the fall in price is because the div wont be as big as some are suggesting? im probably wrong as brokers will know better than me
    one step ahead of the herd

  5. #1145
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    Seems as though someone wants get out pretty desperate.

  6. #1146
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    Quote Originally Posted by sb9 View Post
    Seems as though someone wants get out pretty desperate.
    Hi there,
    I suppose you are aware of the following article on Bloomberg:
    http://www.bloomberg.com/news/articl...-swamping-asia

    It talks about refinery margins sinking by 1/3 in Asia because of increasing exports of Chinese refined product.
    Last edited by sideline; 12-02-2016 at 09:46 AM. Reason: more precision

  7. #1147
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    at the end of the day the share price may have changed a bit but the business model is still robust. Singapore complex margins for Jan averaged $10USD per bbl. They have dropped off in Feb to around $7USD bbl so on a 2 month average you are still looking at CAP (when you take into account the uplift that NZR get above the Singapore complex margin.

    Great buying at the moment.

  8. #1148
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    The chart looks concerning to me and a fall below $3.30 could be even more damaging. We could be looking at a trading range between $3 and $3.30 in the not too distant future.

  9. #1149
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by sideline View Post
    Hi there,
    I suppose you are aware of the following article on Bloomberg:
    http://www.bloomberg.com/news/articl...-swamping-asia

    It talks about refinery margins sinking by 1/3 in Asia because of increasing exports of Chinese refined product.
    Thanks for posting and I find that quite interesting because at times in recent weeks I have been able to buy diesel for as little as 68 cents a litre after my corporate card discount. It seems the world is indeed becoming awash with cheap diesel. No argument NZR had a good year last year but what future margins will be is the real question.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  10. #1150
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    Quote Originally Posted by bull.... View Post
    this affects Z and other oil companies as they sell the end product
    Im wondering if the fall in price is because the div wont be as big as some are suggesting? im probably wrong as brokers will know better than me
    I'm a bit late responding to this post but one could argue that it's immaterial to the retail companies so long as they preserve their margin. It's the refiners such as NZR that suffer if the retailers can buy cheaper elsewhere and put less through refineries such as NZR.

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