But ... leaving till the petrol light comes up isn't good for the fuel pump which can be expensive to fix. I get your point though ...
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I can't help wondering how many people actually drive a wee way out of their way to participate in their favourite incentive scheme.
If you then put a price on the cost to motor out of their way on a regular basis including the fuel costs itself and the wear and tear and then out a value on the extra time involved even at say $20 hour to max out said incentive scheme...well I wonder how many people are effectively like a cat chasing their own tail lol
On the other hand there's probably a number of people like Rayonline who have a local BP or Caltex that's really handy and that might have s somewhat competitive pump price because its close to a Gull or Waitomo so the rewards a real if you work the scheme hard enough. I suspect most people are somewhere in the middle and may have a couple of rewards scheme's (like I do) and just choose the most convenient fuel station that participates in one of those schemes that has a competitive pump price on the day... but won't drive out of their way to waste time or fuel to try and max any particular scheme right out to the nth degree.
..........
Staying in a major city yeah ... we get a selection of petrol companies conveniently. There are less and less Caltex now however. The main car is use daily so we just do a quick stop at the petrol station at a time that it is convenient. The other car that is not used frequently we can shift things around a bit, ie I might go to the post office tomorrow instead because there is a promotion running. Our petrol prices are identical in our area.
We don't have a Gull, Upper Hutt in Wellington has a Waitomo too far for us but they are cheaper for a laid back approach, go in anytime. AFAIK Waitomo is 10c cheaper than their nearby BP/ZEL/Caltex but a AA Card's 10c works out to be more like 20c when accumulated up and redeemed.
No extra work for myself. I just manage this inventory (same with food) so I don't waste it, I spend within my means and also have a bit left over for investing. A bit analytical also to max out the scheme can be a bit of fun.
Fair enough mate. I have the AA rewards thing and Mobil smiles. I work both a bit but the Mobil station is closer and more convenient and has a Subway within it and one of those fancy new brushless car wash systems too.
Caltex pulling out of the AA Smartfuel programme at end of July - https://www.stuff.co.nz/business/bus...-from-august-1
More a case of AA dropping Caltex, I think.
After all, Caltex is owned by Z, BP's competition.
Yes , quite right macduffy, so who will be the other fuel partners - Mobil and/or Gull - says will have 300 sites across the country (includes BP I presume)
Not a good look for electric cars...........
https://www.youtube.com/watch?v=AmbHpqWjMVE
Obviously, could have been anything starting this if its not fake ... but yes, battery technology is not yet quite safe (that's where I should put in my pitch for ATC and HPA :)). But no matter how you store energy anyway (be it chemical (e.g. petrol), electrical (e.g. battery), mechanical (e.g. spring) or through location), if something goes wrong than the bigger the amount of energy the louder the bang ...
Cars using conventional fuel like to spontaneously combust as well:
https://www.theclever.com/20-dangero...us-combustion/
... and it might be even a higher percentage of cars than the handful of Teslas which did the trick so far
Low volume price up day, may be the selling pressure eased from one of those big boys?
Decent volume went thro at close at day’s high of $6.18. And couple of parcels of 100k and 180k crossed after market at $6.18.
May be the AUS big boys finished up their selling...
could be . z will be relieved thats over at no cost to them.
These experts think oil demand won't peak until 2035
https://edition.cnn.com/2019/06/24/b...zie/index.html
At today's price, back in black with tiny profit after stripping divvy. Nice :)
might get a bounce into quarter end
bit of downside today must be due to the EV subsidy announcement
lol plenty of time this is what bennett says
This isn't going to kill our core business overnight. This is not a Kodak moment for us - it's part of an overall decline in our core products
https://www.nzherald.co.nz/business/...ectid=12247898
theres always demand for oil not just for fuel but chemicals/plastics.
https://www.stuff.co.nz/motoring/114...like-followers
Pretty much steady as she gos. Just love my divs, extra juicy yield for original holder 's @$3.50 a share:closed eyes:
Z reaffirms FY20 earnings guidance for RC EBITDAF to be in a range of $450 million - $490 million (including the adoption of IFRS16 accounting standards as previously announced) and the dividend to be in a range of $0.48 and $0.54 cents per share."
Z Energy quarterly operating data
Yep, mkt liked it s/p up re 13 c.Folks after that steady yield.
Looks like another big finish for the week coming up...
Nice finish for the week at $6.40.
Absolutely smoking today, safe to assume that the Aussies instos may have all but sold their holdings.
Still a very tidy net yield at closing price, I'm nearly break even $6.70 will do that for me.
Big gains this morning on the back of yield seekers and oil price dropping 5% overnight.
I noticed weekly shop sales up 10% year on year in their most recent presentation.
As time goes by and EV's start to gradually gain momentum at an almost glacial pace I expect Z to install more charging points at their sites so EV owners can charge their vehicles and while they're waiting for their charge they'll be buying ice-creams, snacks and coffee from the Z shop. What the left hand taketh away, the right hand giveth :cool:
52 cps forecast fully imputed divvy at the mid point of forecast 52 / 0.72 = 72.22 cos gross. On $6.70 that's still 10.8% gross yield.
Interesting read. No doubt Z have all this under control.
IS THERE A FUTURE FOR SERVICE STATIONS?
https://www.bcg.com/publications/201...203&redir=true
“Retailers in the future will be able to target each individual and target products and services to that individual’s needs”
Could well have 7 handle in front of sp very soon..