RE:Quartely report from RipetOn a general note
Export target for 2022 was 97 000 bbl/
Unfortunately I d'ont have the number for Ferndale but to give an idea of what might be shipped from Ferndale the number was 27 635 bbll/d so in the Q4 2021 and total shipment was 76 609 bbl/d
So 36 % from Ferndale and 64 % from Ripet.
I cannot understand why ALA is tradind at $ 31 now while last year ,at the same date, the share price was at $ 21 or so .
This is why I have trimed my holding in ALA because i feel the ALA share price is fully valued and would be a buyer at a lower price to add at what i still have ! Surely not because of this quarter production but guidance for the year are pretty high at 97 000 bbl/d but for the last 2 months it look like ALA has been able to load 4 VLGC ship in March and probably the same in April.
Finally, actual number at RIPET is good because at the time of the investment decision ,production was set for 1 200 000 tons / year or 41 000 bbl/d
and just taking the Q1 number at Ripet they are going to load more than the actual number .On a yearly basis it will more than 4x358 176 tons = 1 432 704 tons or 20 % more than what was expected a couple of years ago.
bossu wrote: Still have some interest in ALA
Exportation to Asia from RIPET in the Q1 2022
Just a 3% drop for 358 176 tons in 2022 compare to 369 141 tons in 2021.
This is a 44 750 bar/day production .
So, not a bad surprise but worth noting 4 shipements in March and probably 4 in April and scheduling is improving.
Nice showing
Cheers