One wonders if this report was truly independent as it was paid for by Z...just like all those "independent" auditors reports of finance companies were paid for by the finance companies themselves.
When you're being paid a big fat fee by an energy company one can ponder if that didn't affect the outcome ?
Not so.
NZIER has a record of being "totally independent".
Their history of producing sound research is the best in NZ.
Im banking on them picking up caltex nz after chevron sold its caltex ops in aus recently. caltex has re 220 gas stations here. Cant remember what it worked out per shell station.
cheers , got it. "The deal includes a $NZ 150 mill cap raise
The dual-listed Z Energy has indicated it would be interested in acquiring more service stations if they came to market, while fund managers say there is significant upside on offer from a service station mop-up.
Originally Posted by Roger
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