Hi D
40/60 is the correct figure from my understanding like snapiti mentioned
You are also correct feedstock can be changed to maximise profit as they see fit.
Printable View
Hi Snaps
We seem to both agree on one thing - this company is solid and improving - natural disasters excepted. However my belief is that the price of oil input or motor spirits output has no bearing on profit except for 3rd party holding costs and to the NZR the company very minimal processing flexiblity. The ability to process different oil blends into more value added finished product is of benefit to us , greatly assisted by the current upgrade. As I said to Bull if you are not going to the AGM fire me any questions for clarification.
Regards and profitable holding.
-d (owner/shareholder)
looking good
Nice announcement. Hit the cap and banked 6m and high margins are continuing. Great work shifting the shutdown into the end of April to max the higher margins. Well done guys. You cant really control the margins but you can influence plant availability. Thinking on their feet.
great report, also glad to see them defer maintenance to get more margin ( lot of refiners doing this) anyway guess if margins stay high doesn't really matter then in retrospect.
I read the throughput with interest - particularly the reference to the Dubai spread? I can't get my head around this so will raise after the AGM as to the quantum and effect on profitability. If someone who knows more about this - please enlighten me .
Thanks
dodgy
hey d
if a refinery can balance consignment sourcing and stockpiles supply in advance, a later increase in Brent over WTI allows an improved margin?
Would like to hear your understanding after the agm on the spread thx