The worldwide shortage in refining is even bigger than the shortage in oil. This is the only stock in New Zealand that gives you that exposure.

Splits generally are positive for stocks if they're done at the right time. The timing on this one looks okay.

Splits generally are positive for stocks if theyre done at the right time. The timing on this one looks OK.

Oil markets are already reacting. We've already seen that Iran is willing to talk about using oil as a weapon, and I think the markets are taking that threat seriously.

It has all started off strongly because of continuing M&A activity in the oil sector.

The stock index is being let down by oil majors such as BP and Royal Dutch Shell. The price of crude oil dropped by more then $2 in yesterday's U.S. trading session. Clients are sitting on their longs waiting for a rebound in the price.