Channel Infrastructure seen gaining as fuel prices soar
The fuel terminal operator’s storage contracts are indexed to producer price inflation, which has strong links to fuel prices.
Channel Infrastructure owns the country’s main fuel import terminal at Marsden Point.
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Analysts are predicting an increase in profits for fuel terminal operator Channel Infrastructure as its storage contracts adjust for higher producer price inflation.
In a research note published on Thursday, Andrew Harvey-Green and Hugh Lockwood of Forsyth Barr raised their target price for Channel
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