nzog say oil production from kupe down in last 6mths less revenue for them so less revenue for genesis as well? unless they had better hedging in place
Printable View
nzog say oil production from kupe down in last 6mths less revenue for them so less revenue for genesis as well? unless they had better hedging in place
I fee anxious about tomorrow. Any chance of some consoling words?
Thanks Roger and Huxley (apart from the comment about declining numbers) that's just what I needed. I think I'll make myself a cup of tea and watch some telly on my power hungry plasma.
Despite highly competitive electricity and gas retail market conditions, Genesis Energy delivered a sound financial performance in the six months to 31 December 2014.
Net profit improved to $68.2 million for the six month period, compared to $19.7 million in the first half of 2013/2014 (FY2014).
Earnings before net finance expense, income tax, depreciation,depletion, amortisation, impairment, fair value changes and other gains and losses (EBITDAF)
increased to $172.8 million from $150.6 million in the comparable period of 2013.
Genesis Energy has announced an interim dividend of 8 cents per share which will be paid on 16April 2015, with a record date of 2 April 2015.
https://nzx.com/files/attachments/208541.pdf
looks good to me
Yay, yes sounds good.
not this bit
In summary, the Company is facing headwinds on achieving its 2015 EBITDAF PFI forecast due to lower international oil prices and continued aggressive retail competition. There is some opportunity for these impacts to be offset by sustainable operating cost reductions and the improved wholesale electricity prices currently being experienced.
looks like a downgrade for full yr, but ist half good effort