ZEL - Z Energy.

[trader_jackson]

$6 by the end of the day? on track for it, started up around 40c, now up 80c?

Well done to all those holding, nice gain since IPO that is for sure.

(Unfortunately I am not one of the holders)

[Harvey Specter]

Why has it increased so much. A 15% increase is $300m in value created from a purchase of $785 - I cant imagine Chevron left that much on the table.

[Crackity]

Maybe Mobil / BP and Gull should be sending Mike Bennetts some champagne? Possibly the market is assuming higher profits with one less player - I'm certainly not suggesting that our petrol companies act in concert or anything....Lol....

[pierre]

I'm certainly not suggesting that our petrol companies act in concert or anything....Lol....

Your quote should be sent to Tui immediately!

[Crackity]

"Those service stations set their own prices anyway, so there'll still be an element of price competition.

"The concern that we have though is that as a wholesaler, Z will actually be supplying nearly 50 per cent of the retail market."

However, while BP remained in the fuel market, Z would have a large competitor to keep them in check, Stockdale said.



Insight from the NZ Herald and also the funniest thing I've heard all day.....

[vin]

Are we expecting a big dump from profit takers? Half expecting it to drop right back to $5.50

[stoploss]

"Those service stations set their own prices anyway, so there'll still be an element of price competition.

"The concern that we have though is that as a wholesaler, Z will actually be supplying nearly 50 per cent of the retail market."

However, while BP remained in the fuel market, Z would have a large competitor to keep them in check, Stockdale said.

Insight from the NZ Herald and also the funniest thing I've heard all day.....

The Caltex self service on Hutt Rd, Wellington , generally has diesel 25/30 cents under all the other retailers in Wellington . ( Usually in line with places like Levin where Gull is retailing ) Can't see this continuing ......

[Joshuatree]

Sold re a sixth today. Anyone with any updated research on ZEL; be great to see?. Nothing at Craigs yet.

[Grimy]

I sold at $4.95 a few weeks back. Obviously still need to fine-tune my exit strategy..........

[Joshuatree]

Just bad luck.No one expected you to have inside info Grimy; no leakage if one looks at the chart the days before. One strategy is to average out over a time period , say in 4 trades; that would have helped in this case, i did that with RYM quite awhile back.. I fluked getting into NZR; the placement @ $2.32 turned up as i was about to pay $2.50 plus.Luck.