Given the refiners margin update, Huyton, this Citi call is an interesting one? U could be cynical about how and why they got it wrong?
If there was some enforcement on the ASX, this sort of call could be worthy of investigation.
The analyst should know of movements in the refiners margin, it must not be that hard to model prices, usage, weather conditions and come to some sort of knowledge based on the Singapore price and prices in the local market.
CTX Price at posting:
$35.31 Sentiment: Hold Disclosure: Held