Wow. Still a lomg way to go for you. Iv'e been pessimistic in my analysis here regarding the BUSINESS risks, but i'll give you one VERY BIG positive to think about.
CTX has an absolute stranglehold in the refining and distribution market in Australia. CTX's two refineries in Sydney and Brisbane sell about over 80% of all fuel in Australia.
CTX does everything from refining to distribution and marketing. It is a fully integrated business.
And the key point. Refining + distribution of the finished product is a HIGH barriers to entry business. The chances of competition for CTX are slim. It has market share across all of Australia and it's not even close.
But alas the business risks (oil prices, currency fluctuations and margins) make for a volatile stock.
CTX Price at posting:
$13.57 Sentiment: None Disclosure: Held
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