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14-11-2015, 07:52 AM
#1041
Last edited by iceman; 14-11-2015 at 08:21 AM.
Reason: Addition
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15-11-2015, 08:10 PM
#1042
"A record glut of oil ( 3 Billion Barrels) is set to continue into next year and maintain pressure on prices, the International Energy Agency said on Friday. "
Source BBC News. http://www.bbc.com/news/business-34808487
Last edited by Leftfield; 15-11-2015 at 08:12 PM.
Reason: Layout
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20-11-2015, 04:14 PM
#1043
After few quite days, this one is on the move too...
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20-11-2015, 04:21 PM
#1044
Originally Posted by iceman
Welcome aboard mate . As an aside, a friend who is a petroleum engineer told me yesterday that 30000 jobs have gone Worldwide in the petroleum exploration industries last 12 months. I know many people in that industry that are unemployed or facing unemployment. All points towards the companies believing we are stuck with low prices for a
long time yet
Thanks mate and agree 100%. Oil, $Kiwi and other commodities lower for longer is one of my key investment theme's for 2016 and is highly likely to continue into / through 2017 I reckon.
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20-11-2015, 04:44 PM
#1045
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23-11-2015, 12:14 PM
#1046
Member
might just be the start of things to come Golden City
http://www.hellenicshippingnews.com/...mand-supports/
Other articles are pointing to $9USD/BBL margins next year too... Running a full year at CAP is unheard of. Running more than a year will be gold buckets... I imagine the refinerys costs will be a bit lower this year as a lot that nasty interest stuff wont have to be paid due to paying down debt.
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23-11-2015, 12:24 PM
#1047
Member
Am I too late to jump on board? :X?
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23-11-2015, 12:49 PM
#1048
Originally Posted by vin
Am I too late to jump on board? :X?
Well it did start the year at the $2.15 mark so it has had a good rise this year.
However Rog has just bought in about this level so he sees more upside - it will be a good final dividend I think ( I would say at least 10cps ) and the interim of 5cps was unexpected.
A lot of the overseas refineries own the oil they process - the volatility ( $40 to $50 to $40 again) plays havoc with their inventory valuations and it seems they try to increase their margins to compensate.
i have been holding all year and am not tempted to sell yet - don't think I would buy at current levels though...
hope this helps
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23-11-2015, 09:18 PM
#1049
Originally Posted by cdonald
might just be the start of things to come Golden City
http://www.hellenicshippingnews.com/...mand-supports/
Other articles are pointing to $9USD/BBL margins next year too... Running a full year at CAP is unheard of. Running more than a year will be gold buckets... I imagine the refinerys costs will be a bit lower this year as a lot that nasty interest stuff wont have to be paid due to paying down debt.
Thanks for that link cdonald.
Should be be close to $4 soon once the new plant is underway, which must anytime from now as they've indicated it'll be end of Nov to be commissioned.
I agree with crackity there vin re dipping your toes now, as it had a spectacular in the last few months and am not sure how much more higher it can go? Of course one would hope it keeps going up, I would probably look to get in on any dips(unlikely now). Pls DYOR and depends on your investment objectives too.
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27-11-2015, 07:16 AM
#1050
Most improved performance: Refining NZ
From the Deloitte top 200 awards last night.
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