Here's part of the bad news released today in the "Report To Shareholders":
"The remainder of 2009 is expected to be challenging. The
favourable key externalities seen in the first half are unlikely to be
repeated in the second half. A higher Australian dollar and higher
crude oil prices will tend to moderate the Caltex Refiner Margin2
which will, in turn, affect our profits. New global refining capacity
is likely to exacerbate the impact of lower global demand."
Share price is still softening when the broad market is booming ... a time for some caution, methinks.
bad news coming?, page-4
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