bought some high 1.40s a month or so ago- as had bought some caltex when atd walked and liked recovery prospects for both
seems to be a bit messy -obviously refinery a bit challenging (thats why many were closed by majors so not a big surprise!) and dont see any great pressure being put on government to help find solutions! yet the government will likely join in with trashy media and the motoring groups and belt them about the ears for increasing retail margins to help make up for poor refinery performance!!
didnt like the leak leading into this ann-but it doesnt look too bad to me
not sure of some of the lease arrangements with the property arm which could be pretty vital in long term
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