ZEL - Z Energy.

[King1212]

https://i.stuff.co.nz/business/11900...d=facebook.pos

Here we go.....petrol is going down...motorists are going to benefit from it as well as transportation companies..not AIR..as virus impacted badly

[bull....]

the writing is on the wall

Electric dream: Britain to ban new petrol and hybrid cars from 2035

https://www.reuters.com/article/us-c...-idUSKBN1ZX2RY


another country going that way , nz will follow at some stage

[BlackPeter]

the writing is on the wall

Electric dream: Britain to ban new petrol and hybrid cars from 2035

https://www.reuters.com/article/us-c...-idUSKBN1ZX2RY


another country going that way , nz will follow at some stage

Well, yes - but its still 15 years and at least 3 elections to go. Always a bit reluctant to believe in goals somebody else far in the future will be responsible to enforce and many governments in between can change.

As well - Brits have hardly any leverage left to tell the car industry what to do ... hardly any British cars left (are there any left which don't belong to some foreign car manufacturer?) The still remaining car factories in little England will be moved quite soon to the continent ... and the English people can use the pushbike (if they are still able to design such a high tech thingee) if they don't like what others are producing.

But don't misunderstand me - I think it would be good to phase out the combustion engine ... its just that the Brits are the last people with the leverage to do it. Just like the governments of NZ or Fiji to pick some other examples. They all are followers with very little economic leverage ...

[mcdongle]

Its all to do with emissions...And large fines for car companies if they cant comply....

https://europe.autonews.com/automake...2-fines-europe

[flyer]

Thought this was in recovery mode until today. My local one has ques lining up yesterday just to get that 10c a liter off, was crazy busy.

[bull....]

Thought this was in recovery mode until today. My local one has ques lining up yesterday just to get that 10c a liter off, was crazy busy.

probably to do with NZR announcement and Z having to cough up money now to NZR

[peat]

Fuel majors to be required to publish wholesale prices

https://businessdesk.co.nz/article/f...olesale-prices (paywall)

Though I didn't think this would be such a big negative itself so it is probably a combination of things.

[Beagle]

NZR result was a shocker AND very weak margins persisting for the first 2 months of 2020 and I would think likely to persist for some considerable time with this virus hosing down demand for all grades of fuel including aviation.

Pretty sure ZEL's most recent downgrade assumed the recovery of refining margins in early 2020 so the possibility exists of yet another downgrade for ZEL. Wholesale price publishing had a serious effect on margins in Australia, same to happen here ?

We still have the major capex announcement to come on improving the robustness of the Jet fuel storage at South Auckland to come and the costs involved in that and of course lets not forget ZEL will be selling heaps less jet fuel with so many airlines reducing capacity...

On the bright side, (thankfully there is one), with the record run of hot dry weather in the North Island I am sure ZEL would have been selling heaps more ice-creams than last year so shop sales will be up.

[theace]

Is this starting to look like its bit oversold now!

[winner69]

A company with a social conscience

http://nzx-prod-s7fsd7f98s.s3-websit...230/317932.pdf