crude oil at record highs over $81
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crude oil at record highs over $81
NZ/USD is at touch over 70c so your $US81 = $NZ115
At peak capacity of 50,000bopd = 350,000 per week x 0.125 = 43,750bbls
$5m revenue per week to NZO at these levels!!!
For PPP (as a comparison)
35,000bbls (being 10% of 350,000) = $4m revenue per week.
In theory the NZO SP should climb approx 2c a week & PPP 1c per week :eek:
its not all profit though shasta - just revenue, and its factored into the shareprice already through a npv of the expected cashflows (net of expenses)...the shareprice should just rise at the discounted rate from now.
but the increase % in poo (compared to that used in estimates) will add to that discount rate which is what we're looking at. but yeah...imagine if it was 2 cents per week!
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WTI closes the day at US$ 80.57 .....
Nymex currently at US$ 81.04 .....
http://www.bloomberg.com/markets/com...rgyprices.html
GO the TUI pump out !!!!
I wish I could share your enthusiasm Zorba, however just at the moment the increase in oil price, while being recognized by my wallet at the pumps, is not recieving equal consideration by the NZO SP.
Headline on FNARENA:
Spot Oil Targeting US$89 Per Barrel
FN Arena News - September 18 2007
Technical chartists at Barclays Capital believe spot WTI oil seems to be targeting US$89/bbl, with an interim price correction likely in the short term.
To see next Taranaki offshore drill progress log in to http://www.awexp.com.au/
Oil prices up and $NZ down, so why NZO price still at these levels?
well volumes on NZX very low recently so i think NZO has held up well today being one of the few risers
positive release for PRC lets hope this flows onto NZO
The Pike River mine is poised to benefit from an expected jump in hard coking
coal prices. Market observers are currently expecting hard coking coal prices
in the next Japanese Fiscal Year (commencing 1 April 2008), to settle at
around US$115 per tonne, compared to the Pike River initial public offer
(IPO) prospectus forecast of US$96 per tonne. Indications are that longer
term coking coal prices from 2011 onwards will also lift due to ongoing
strong international demand.