consolidating again..,can't wait to break the 3 dollar point..
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consolidating again..,can't wait to break the 3 dollar point..
Hi D,
Could you ask at there AGM why the throughput is not being maximised? I notice they have historically been able to run at higher throughputs.
Do they have storage limits? or is it an operational thing?
It makes sense for them to max out throughput I believe to improve there profits if they are limited by the processing fee?
I have current crack at nearly $9 at end of feb
http://www.brecorder.com/markets/ene...nst-dubai.html
Refining margins still holding up at $9.50USB/bbl. With NZR uplift on this it means more money into the CAP bank and a lot of debt paid off. Looks like another 60m pay cheque at end of April with a further 10m going against CAP. Looking like a record year for NZR.
a surprise drop again..,
I think this drop will be related to CTX in Aus which dropped 9% today. Re-balancing after Chevron dumped stock.
consolidating, all healthy
Nice announcement from NZR: they expect to complete their new "Patrol Factory" now four to six weeks early (and on budget). I guess this means the promised benefits (increased margin and throughput) should flow through earlier as well.
https://www.nzx.com/files/attachments/210716.pdf
Great stuff - might give the SP again a wee push upwards ...:t_up: