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Re: [sharechat] NZ Refining


From: "hugh webber" <hugh.webber@clear.net.nz>
Date: Tue, 29 May 2001 07:13:52 +1200


Bit premature I would have thought. There's nothing like the oil companies
for toughing it out and not all users are running into trouble. I don't
think oil
filters cost that much. I guess they're now in a position to replace the
fuel
for all those who have it although they seem to be confident enough not
to be offering it.
I was cynically amused when it became the centre of TVNZ's news last
night and the subject of 'special reports'...I was wondering where the body
counter at the top of the screen had got to and the dramatic pictures of 
crying relatives (maybe that's us - the shareholders) and twisted corpses.
Still, its a welcome replacement for the continual stream of battered 
babies, illiterate de facto murderers, druggies and the like that persuade
me to switch to teletext (the same treatment I give to adverts). I guess 
the rat poison at Kaikoura turned out to be a dud.

I wonder if they have any comeback against the German origin of the 
cold start additive? Not like the Germans to make a technological stuff-up.
I'll be watching to see if NZR gets cheap enough to buy some more. 
I always enjoy a good panic when I don't personally have to sell...the
sharebrokers falling from the upper stories.....the unexpected bankruptcies
of well known private school products....

cheers,
Hugh
----------
> From: i_claudius <i_claudius@xtra.co.nz>
> To: sharechat@sharechat.co.nz
> Subject: [sharechat] NZ Refining
> Date: Monday, 28 May 2001 12:59
> 
> Just how bad is it going to get for NZR with the impact of this diesel
> problem?
> 
> I seem to recall a similar fuel contamination problem in Australia last
year
> with aviation fuels.Does anyone recall who got hurt in respect of
> remediation and compensation costs.What magnitude?Maybe an illuminating
> precedent.
> 
> I guess NZR and the oil companies have to take a "no compensation" stance
to
> begin with but I can't believe that it's possible to distribute a product
> that isn't "fit for purpose" under NZ consumer legislation.There must be
a
> cost comeback to hit the shares as a result of this problem.
> 
> I would suggest it's a good time to review your reason for buying NZR and
> how long you intend to hold.
> 
> 
>
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