Forsyth Barr’s Aaron Ibbotson says global markets have largely powered through on the basis that the Strait of Hormuz will reopen ‘one way or the other’, while mega tech firms cull jobs.
Refining operations could end next year if shareholders approve.
Shareholders might be disappointed in flat result, new CEO Alex Fala said.
Underlying profit of $51.9m remains in line with prior year.
Capital raise to pay down debt and fund more acquisitions.
Supply chain congestion stems from Ports of Auckland-affected ship visits.
The deal increases NZOG’s ‘proved and provable’ reserves by the equivalent of 14.5m barrels of oil.
The company saw a revenue dip in the face of Covid disruption.
Business community frustrated over long delays in introducing DINs.
The Comfort Group’s Craig Turner says council decision a major milestone.