RE:Domn tren in the oil sectorIt look like the March shipments to be 4 and not 3
Already 2 shipments out in March
Leto Providence actually loading
And Berge Nantong around March 19
Total for March 4
Total for the quarter to be the same as last year.
just to show that RIpet is operatig smothly and no bad surprise on this front
However in the ''dark'' with Ferndale
Canadian $ is weakening and bring extra EBITDA $$
Colder weather positive for the utilities and extra EBITDA $$
Leakage in the piping sytem lower because of the continous modernization of its networks -Accelerated pipe replacement
8 % increase average in the rate base.
Not to forget NGL Extraction & Fractionation contributiom
Transportation,storage
No reason to have doubts about the 2022 guidance and share price weakening or $ 1,11 in the last 2 days is due to the overall actual bear Market we are experiencing !
However not going to add to my position unless a share price drop to $ 25
bossu wrote: Quite evident that the we see a profit takiing in the oil sector afer a huge run.
Let's the dust settle and follow the up trend coming back later on but market timing is pretty difficult to predict.
Ala is a solid ''Utility and Mid stream ''and the 2022 guidance are very good and the Q1 to be good and the strongest of the year!
January and February weaker at Ripet and not aware on Ferndale operation.
However a 20 % drop for January and February shippement at RIPET
2022 end of February 2021 en of February
Numbers 183 896 tons 230495 or less 20 %
4 shipements 5 shipements
39 372 bar/day 49 110 bar/day
2022 February 2021
92 877 138 167
2 shipements 3 shipements
Note: 1 shipement is $ 5 M accreditive to the EBITDA number.
At $ 28 is not the time to buy back or increase a position and as I'm writhing the share price is at $ 27,47.
We have to take into considaration the whole sluggish market action
which look to me rather negative.
However March should be 3 shipments