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Thread: ZEL - Z Energy.

  1. #1171
    ShareTrader Legend bull....'s Avatar
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    Z and BP won't reverse price rise on Wednesday despite oil price drop

    Z chief executive Mike Bennetts said when it increased its prices on Tuesday it "didn't reflect all of the increase in the price of the barrel, as we had planned to move the price by 3 cents on that day anyway".

    "We took on the other 3 cents because we know it's hard when prices go up so we wanted to keep it affordable as we could," he said

    https://www.stuff.co.nz/business/115...er-inventories

    probably why the price was up today extra profits from the price increase
    one step ahead of the herd

  2. #1172
    ShareTrader Legend Beagle's Avatar
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    Z chief executive Mike Bennetts said when it increased its prices on Tuesday it "didn't reflect all of the increase in the price of the barrel, as we had planned to move the price by 3 cents on that day anyway".

    "We took on the other 3 cents because we know it's hard when prices go up so we wanted to keep it affordable as we could," he said.
    WTF ????? Not only does this not make any commonsense it looks very much like duplicitous propaganda.
    They just can't seem to stop shooting themselves in the foot.
    Time to switch to Gull.
    P.S. Local Mobil this evening had reversed the 6 cent increase earlier this week and is running a 10 cent discount day.
    $2.05 for 91 Octane is not too bad inclusive of the thievery Auckland transport levy of 11.5 cents per liter and all the other Government taxes and levies.
    Last edited by Beagle; 18-09-2019 at 06:40 PM.
    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

  3. #1173
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    I drove to Welly and back today and saw 241.8c in Pauatahnui, and it wasn't from a Z
    But its only 202 in Whanganui. Driving down this coast what I notice is that the prices are so variable. Even in the same town there is a lot of variation ,(though not as much as in different towns)
    I'm seeing about 6c variation for the no frills option , Gull is cheapest and then Z and the others are a couple of cents dearer even after any discounts that may be available.

    I think the competition is actually quite tight most places but where it isn't they screw ya. I don't know enough about it to suggest a solution but surely it doesn't cost 40c a litre to move fuel from Whanganui to Pauatahanui
    For clarity, nothing I say is advice....

  4. #1174
    ShareTrader Legend Beagle's Avatar
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    Gulls CEO calls other fuel companies "jumping the gun and being over the top". That's fighting talk for someone who's usually fairly conservative.
    https://www.msn.com/en-nz/news/natio...cid=spartandhp
    Wonder if Jascinda has noticed the $2.40 per liter rort right on her doorstep in Wellington ?
    No decent ports there so transport costs must be "astronomical" and that must explain the huge prices right ?
    Last edited by Beagle; 18-09-2019 at 06:59 PM.
    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

  5. #1175
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    Quote Originally Posted by Beagle View Post
    Gulls CEO calls other fuel companies "jumping the gun and being over the top". That's fighting talk for someone who's usually fairly conservative.
    https://www.msn.com/en-nz/news/natio...cid=spartandhp
    Wonder if Jascinda has noticed the $2.40 per liter rort right on her doorstep in Wellington ?
    Jacinda has a chaffuer ......wouldnt have a clue how much fuel costs.

    She might bring it up with Donald next week though
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  6. #1176
    ShareTrader Legend Beagle's Avatar
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    Z and BP come in for sharp criticism from the AA as well https://www.stuff.co.nz/business/115...-difference-aa
    Gull looking to muscle in on the massive Auckland Jet fuel market. http://www.sharechat.co.nz/article/3...w-entrantshtml
    Last edited by Beagle; 19-09-2019 at 08:50 AM.
    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

  7. #1177
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    Quote Originally Posted by Beagle View Post
    Z and BP come in for sharp criticism from the AA as well https://www.stuff.co.nz/business/115...-difference-aa
    Gull looking to muscle in on the massive Auckland Jet fuel market. http://www.sharechat.co.nz/article/3...w-entrantshtml
    The AA guy is all talk . They have a fuel discount scheme with one of the majors do they ever do any of their members a favour ...... NO .
    So as we know where Gull & Waitomo have gone , within close proximity the majors compete ....But further away you still get stuffed .
    Time the AA backed the little guy and rewarded all their members with a decent scheme with a company that wants to actually deliver a decent result to the consumer IE : Cheaper fuel.

  8. #1178
    ShareTrader Legend Beagle's Avatar
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    Fair enough and I agree, he's all bark and no bite
    Pretty good dead cat bounce today. MEOW
    Last edited by Beagle; 19-09-2019 at 03:10 PM.
    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

  9. #1179
    ShareTrader Legend Beagle's Avatar
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    That dead cat has had another bounce today. Must have a bit of Snow Leopard in it, seems to have bounced pretty good.
    Think I'll still wait for the Taxcinda steamroller though to flatten things down again.
    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. #1180
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    Quote Originally Posted by Beagle View Post
    That dead cat has had another bounce today. Must have a bit of Snow Leopard in it, seems to have bounced pretty good.
    Think I'll still wait for the Taxcinda steamroller though to flatten things down again.
    Z Energy rose 0.9 percent to $5.55 on a volume of 2.3 million shares. The fuel retailer has been recovering having shed as much as 19 percent during the course of a week after it issued a profit warning on unprecedented discounting by its rivals and as investors weighed up the impact on fuel prices of recent attacks on Saudi Arabian processing facilities.

    THE EXCITING PART OF THE STORY

    "It's got down to a level that gets yield investors really excited," Williamson said. Z is trading at a gross dividend yield of about 10.9 percent

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