think the govt looking to put a new tax on oil cargo, not sure if nz refining will pay this or the oil companies
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think the govt looking to put a new tax on oil cargo, not sure if nz refining will pay this or the oil companies
Haven't heard about that, but if they do than the only one who would pay for such a tax is the consumer ... (as always). Can't see how this would be material to NZR's business.
Does the article from Sharechat have any thing to add to the SP ?
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"There's a war going on between Saudi Arabia and the United States. But this war has nothing to do with armies charging through the deserts of the Levant.
This war is all about crushing U.S. oil producers — driving them out of business and making the world safe for the Saudi-led cartel known as the Organization of Petroleum Exporting Countries, or simply OPEC.
The latest salvo in this petrol jihad came last Friday in Vienna, as OPEC held its semi-annual meeting. At that meeting, the cartel decided not to cut oil production.
Instead, it effectively increased production to some 31.5 million barrels per day.
Since that Friday decision, the price of crude oil has been in freefall."
price looks cheap.., have add some more to my position
oil prices keep going down...looks good
I stand to be corrected here but simply put- as oil prices go down, usage (demand) goes up. Their (NZR) profit is based on margins applied to volume throughput, not on actual oil prices. Currency also plays a part in the profit calculation for NZR.
Yep I agree, also price movements allow opportunities for increased margins (profit) e.g. by not passing on the benefits of the lower oil prices as quickly as consumers may hope etc. Not nice, but it can happen.
However I suspect the possibility that NZR may be adversely effected by 'climate change' and 'carbon emission' expectations recently entrenched in Paris may hold back the SP??
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