Oil and Gas Stocks

GNE, MEL, CEN: 3 energy stocks in focus amid power cut warnings

  • June 23, 2022 06:39 PM NZST
  • Sonal
 GNE, MEL, CEN: 3 energy stocks in focus amid power cut warnings

NZ's grid operator Transpower had declared a power outage across the country on Thursday morning.

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2 NZX fuel stocks to keep an eye on as petrol prices soar- CHI, NZO

2 NZX fuel stocks to keep an eye on as petrol prices soar- CHI, NZO

  • April 24, 2022 12:05 AM NZST
  • Sonal

Highlights CPI inflation increased 1.8% in the March quarter compared to previous quarter, majorly driven by a 32% rise in petrol prices YOY. Channel Infrastructure provided its quarterly conversion project update for the March quarter of FY22...

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CEN, MCY- What are key highlights of their operational reports?

CEN, MCY- What are key highlights of their operational reports?

  • April 19, 2022 03:46 PM NZST
  • Sonal

Highlights NZ has a target of lowering its methane emissions between 24% and 47% and achieving zero-carbon emissions by 2050. CEN’s customer business recorded mass market electricity and gas sales of 298 GWh in March 2022. Mercury’...

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A Glance at 2 NZX oil stocks amid global supply concerns- ZEL, NZO

A Glance at 2 NZX oil stocks amid global supply concerns- ZEL, NZO

Highlights In response to the ongoing energy crisis arising from geopolitical tensions, New Zealand announces the release of more oil stocks Z Energy gives an update about the rescheduling of final court orders for acquiring 100% of its shares ...

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MEL, CEN, TPW: 3 power utilities to include in your list this Easter

MEL, CEN, TPW: 3 power utilities to include in your list this Easter

  • April 15, 2022 12:05 AM NZST
  • Sonal

The Electricity Authority of NZ has come to a decision that households and businesses must pay for the services they get as per the expected benefit from that service. The changes may cause a rise or a dip in charges paid by customers served by dif...

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Zel, NZO: 2 stocks to watch as Brent crude moves above $100

Zel, NZO: 2 stocks to watch as Brent crude moves above $100

  • April 14, 2022 03:26 PM NZST
  • Manika

Highlights Oil prices are moving up again as China’s demand rises Brent crude was at US$108 per barrel this morning OPEC countries are unwilling to increase the oil output The oil market witnessed another shock when the Brent crude ...

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NZO, CHI - 2 NZX stocks in news as law passed to cut road user charges

NZO, CHI - 2 NZX stocks in news as law passed to cut road user charges

  • April 07, 2022 03:55 PM NZST
  • Sonal

The New Zealand Parliament passed a law on Wednesday to cut road user charges by at least $27 for every 1,000 Km travelled from 21 April. Last month, the NZ government had announced 3 initiatives to subsidise fuel amid soaring petrol and diesel pr...

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NZ to release more oil reserves? Glance at 3 fuel stocks- ZEL, NZO, CHI

NZ to release more oil reserves? Glance at 3 fuel stocks- ZEL, NZO, CHI

  • April 04, 2022 06:05 PM NZST
  • Sonal

Highlights NZ will release more of its emergency oil stocks due to energy security concerns. NZ has contributed 369K barrels of oil in March as part of the IEA’s pledge to release 60 million barrels. Global oil markets are facing extreme...

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Power prices to cross $1K? 3 NZX stocks in focus- CEN, MEL, MCY

Power prices to cross $1K? 3 NZX stocks in focus- CEN, MEL, MCY

  • April 01, 2022 04:41 PM NZDT
  • Sonal

Highlights Kiwi households may witness an increase in power prices of up to $1K a year. Households that use both electricity and gas will face the most pressure. Revised power prices will be available for the consumers from 4 April. As pe...

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ZEL, NZR, NZO: Stocks in news as biofuel mandate may push fuel prices

ZEL, NZR, NZO: Stocks in news as biofuel mandate may push fuel prices

  • March 28, 2022 06:06 PM NZDT
  • Sonal

Highlights PM Jacinda Ardern confirmed on Monday that the Government was planning to go ahead with the biofuel mandate. The Government is bringing the biofuel mandate to bring longer-term stability and fuel security while also reducing GHG emis...

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MCY, GNE, CEN: Energy stocks in news as power bills set to rise

MCY, GNE, CEN: Energy stocks in news as power bills set to rise

Highlights Kiwi households are advised by power companies about a jump in fixed daily charges in their power bills from next month onwards. Mercury NZ sets the foreign exchange rate for payment of its interim dividend. Genesis Energy appoints ...

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