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ALD - AMPOL LIMITED


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  • 2 weeks later...
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Fairly confident management presentation. Predicts that the Australian clean fuels demands will allow a premium to be charged that other Asian fuels can't compete for. I don't understand how the refinery margins are set except that they are based on a rate in Singapore so that Asia affects the profitability of refining in Australia. China is a positive. US Dollar weakness is a negative as refining rates are paid in US dollars.

 

I am interested in refineries as a proxy for oil companies. I know they are owned by them. But they are also the customers which prevents switching and gives a more sure market. Anyone have any views?

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  • 1 month later...

well I shorted it today so lets see what happens. i rekon oil will come off .

 

the seconds largest producer in the world (russia) will be selling as much as possible to fill it coffers, also comming inot a presidentail election in the states , oil will be a major issue , allthough it has a small effect on the USA economy (around 2% IF i remember rightly)

 

OIL has not stayed above $40 a barrle for long (historically) so no reason for it to do now ..

 

" and please dont tell me this time its different " because its not

 

have a good one everybody

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  • 3 weeks later...
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  • 3 months later...

Game over broke the 200 day MA... short time hehehehhehe

 

post-16-1100133217.gif

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Shorting is soooo much fun, dooo daaaaaaaaaaaa

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Just a note..ABN AMRO..Have a very strong buy on this..price target $13.00

fy05 div of $1.00.One large seller now switched from this to ORG..so selling might slow right down..They have done their research on this and a very strong supporters.

 

Watch those shorts if and when this turns...

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