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0.00% 0.3¢ cvi energy corporation limited

refining margins

  1. Reyni
    791 Posts.
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    18/03/08
    16:25
    Post #: 3484585
    "2007 Caltex Refiner Margin was US$9.26/bbl"

    http://www.caltex.com.au/assets/2007MDSlidesSpeech.pdf

    US$1.00/bbl = $100000/day @ 100 000 boepd
    =$36.5m/annum @ 500m shares = $.073 EPS (I think the banks would lend against that)
    @ a PE of 14 = USD$1.02/share per $1 refining margin.
    Caltex has economy of scale @ 35mbbld but transport costs.
    Fair assumption could be $4 to $5 margin. Hell at these share prices $1 is awesome.

    CVI Price at posting: 0.0¢ Sentiment: LT Buy Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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