Refiner Insiders Buy Most Shares Since 2000
- Thread starter Pablo
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But if refineries aren't at 100%, and there's still oil (i.e. noe of us haven't been able to buy a gallon, unlike the "Tickle me Elmo" crisis of a few years ago), what's this mean ?
the pea is about to be hidden under another shell, one that we've been distracted from for a while.
ASX reckons that 1 in 10 trades is from an insider basis...makes the market a sham.
the pea is about to be hidden under another shell, one that we've been distracted from for a while.
ASX reckons that 1 in 10 trades is from an insider basis...makes the market a sham.
Well, I hope they are correct.
The entire market isn't a sham and you know it.
One thing you should know (especially in your industry, although not directly related) - because you and others always pull the refinery capacity number out.....refineries are rarely if ever at 100%. It doesn't happen - especially in summer clean out season.
One thing you should know (especially in your industry, although not directly related) - because you and others always pull the refinery capacity number out.....refineries are rarely if ever at 100%. It doesn't happen - especially in summer clean out season.
Originally Posted By: Pablo
The entire market isn't a sham and you know it.
One thing you should know (especially in your industry, although not directly related) - because you and others always pull the refinery capacity number out.....refineries are rarely if ever at 100%. It doesn't happen - especially in summer clean out season.
Pablo,
IMO, by the time the "independent" market realises stuff, it's a lay down. The money has been made, and a few carrion picking up the scraps may do better than another few carrion. By the time the swarm is on, it's too late.
But you are 100% about capacity. When you can make 100% plus during the day (although I've seen 102% capacity factor for 30 days), and can generally only sell 65% over night, then there's 15% at least "left over".
At least with petroleum (rather than electricity) you can build tanks as buffers/accumulators....and they are pretty cheap.
The entire market isn't a sham and you know it.
One thing you should know (especially in your industry, although not directly related) - because you and others always pull the refinery capacity number out.....refineries are rarely if ever at 100%. It doesn't happen - especially in summer clean out season.
Pablo,
IMO, by the time the "independent" market realises stuff, it's a lay down. The money has been made, and a few carrion picking up the scraps may do better than another few carrion. By the time the swarm is on, it's too late.
But you are 100% about capacity. When you can make 100% plus during the day (although I've seen 102% capacity factor for 30 days), and can generally only sell 65% over night, then there's 15% at least "left over".
At least with petroleum (rather than electricity) you can build tanks as buffers/accumulators....and they are pretty cheap.
Quote:
At least with petroleum (rather than electricity) you can build tanks as buffers/accumulators....and they are pretty cheap.
You could always build acers and acers of lead acid batteries...
At least with petroleum (rather than electricity) you can build tanks as buffers/accumulators....and they are pretty cheap.
You could always build acers and acers of lead acid batteries...
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