.::The Official General Election 2015 Thread::.

[rfari]

Let private investors build it. Government need to stay away from building and running a business

Good.

That is why Caroni had to be closed down. For those who think they could produce and market sugar, let them do it privately.

Caroni went buss the moment the PNM brought it and it forever went downhill.
Again PNM ppl cant run a business .

I guess they buss the sugar industry up the islands too right?

[Dizzy28]

The PNM has great powers. They like the Illuminati the amount of things/events ZR and crew allocates to them.

[zoom rader]

Let private investors build it. Government need to stay away from building and running a business

Good.

That is why Caroni had to be closed down. For those who think they could produce and market sugar, let them do it privately.

Caroni went buss the moment the PNM brought it and it forever went downhill.
Again PNM ppl cant run a business .

I guess they buss the sugar industry up the islands too right?

In away PNM did. They played godfather to caricom by building airports (PNM yet to build an airport in TT) , giving buses, and writing off debts. PNM gimme gimme syndromes went up the islands

[rfari]

Let private investors build it. Government need to stay away from building and running a business

Good.

That is why Caroni had to be closed down. For those who think they could produce and market sugar, let them do it privately.

Caroni went buss the moment the PNM brought it and it forever went downhill.
Again PNM ppl cant run a business .

I guess they buss the sugar industry up the islands too right?

In away PNM did. They played godfather to caricom by building airports (PNM yet to build an airport in TT) , giving buses, and writing off debts. PNM gimme gimme syndromes went up the islands

So pnm responsible for bussing the sugar industry in the Caribbean then?

[zoom rader]

Let private investors build it. Government need to stay away from building and running a business

Good.

That is why Caroni had to be closed down. For those who think they could produce and market sugar, let them do it privately.

Caroni went buss the moment the PNM brought it and it forever went downhill.
Again PNM ppl cant run a business .

I guess they buss the sugar industry up the islands too right?

In away PNM did. They played godfather to caricom by building airports (PNM yet to build an airport in TT) , giving buses, and writing off debts. PNM gimme gimme syndromes went up the islands

So pnm responsible for bussing the sugar industry in the Caribbean then?

Just like Iscott was sold to Indians and they became giants in the Steel industry , I am sure when the Indians wanted to buy caroni from PNM they would turned it around. As we know PNM don't like doing business with Indians .

Jah bless NAR for selling off Iscott .

[rfari]

Let private investors build it. Government need to stay away from building and running a business

Good.

That is why Caroni had to be closed down. For those who think they could produce and market sugar, let them do it privately.

Caroni went buss the moment the PNM brought it and it forever went downhill.
Again PNM ppl cant run a business .

I guess they buss the sugar industry up the islands too right?

In away PNM did. They played godfather to caricom by building airports (PNM yet to build an airport in TT) , giving buses, and writing off debts. PNM gimme gimme syndromes went up the islands

So pnm responsible for bussing the sugar industry in the Caribbean then?

Just like Iscott was sold to Indians and they became giants in the Steel industry , I am sure when the Indians wanted to buy caroni from PNM they would turned it around. As we know PNM don't like doing business with Indians .

Jah bless NAR for selling off Iscott .

So is pnm fault then?

[Redman]

as usual an overly simplistic POV to justify a constantly rascist opinion.

[zoom rader]

^^^ PNM cant run a Business

[rfari]

^^^ PNM cant run a Business

And UNC can?

[Habit7]

Let private investors build it. Government need to stay away from building and running a business

Good.

That is why Caroni had to be closed down. For those who think they could produce and market sugar, let them do it privately.

Caroni went buss the moment the PNM brought it and it forever went downhill.
Again PNM ppl cant run a business .

Caroni went buss when the private sector ran it as Tate & Lyle. The PNM not wanting to see thousands on the breadline with nothing to get, saved Caroni and gave it a chance. Since 1975, Caroni 1975 Ltd failed to make the profit that eluded them prior to 1975. The workers then received the best separation package of any ordinary worker in this country.

If you think PNM cant manage business then tell the govt to return the profits from NGC, Petrotrin, NP, FCB, TSTT, Unit Trust and many others which are the mainstay of the economy.

[Crackpot]

Let private investors build it. Government need to stay away from building and running a business

Good.

That is why Caroni had to be closed down. For those who think they could produce and market sugar, let them do it privately.

Oh Sh!t

[rfari]

Let private investors build it. Government need to stay away from building and running a business

Good.

That is why Caroni had to be closed down. For those who think they could produce and market sugar, let them do it privately.

Caroni went buss the moment the PNM brought it and it forever went downhill.
Again PNM ppl cant run a business .

Caroni went buss when the private sector ran it as Tate & Lyle. The PNM not wanting to see thousands on the breadline with nothing to get, saved Caroni and gave it a chance. Since 1975, Caroni 1975 Ltd failed to make the profit that eluded them prior to 1975. The workers then received the best separation package of any ordinary worker in this country.

If you think PNM cant manage business then tell the govt to return the profits from NGC, Petrotrin, NP, FCB, TSTT, Unit Trust and many others which are the mainstay of the economy.

Gude! Nah ZR.

[zoom rader]

Let private investors build it. Government need to stay away from building and running a business

Good.

That is why Caroni had to be closed down. For those who think they could produce and market sugar, let them do it privately.

Caroni went buss the moment the PNM brought it and it forever went downhill.
Again PNM ppl cant run a business .

Caroni went buss when the private sector ran it as Tate & Lyle. The PNM not wanting to see thousands on the breadline with nothing to get, saved Caroni and gave it a chance. Since 1975, Caroni 1975 Ltd failed to make the profit that eluded them prior to 1975. The workers then received the best separation package of any ordinary worker in this country.

If you think PNM cant manage business then tell the govt to return the profits from NGC, Petrotrin, NP, FCB, TSTT, Unit Trust and many others which are the mainstay of the economy.

Only when Non PNM government's ran those boards there were productive .

[rfari]

:ROFL: ZR yes. Like how NGC became a sound business when UNC came into office in 2010?

[Crackpot]

ZR does make some concise statements devoid of logic, I does wonder sometimes if it deliberate or if it is a person with down-syndrome behind his keyboard

Is almost like you go explain something for a paragraph and this beh-beh will respond with "PNM wicked

[zoom rader]

:ROFL: ZR yes. Like how NGC became a sound business when UNC came into office in 2010?

What do you expect when a non PNM government comes into government after PNM . They always have to clean up the mess PNM made and faced with declining revenue.

rfari I go talk later plane ready to board , going to your homeland today Nigeria

[rfari]

:ROFL: ZR yes. Like how NGC became a sound business when UNC came into office in 2010?

What do you expect when a non PNM government comes into government after PNM . They always have to clean up the mess PNM made and faced with declining revenue.

Like at utt?

Too soon

[dougla_boy]

lawl...this ZR eh....

[UML]

Let private investors build it. Government need to stay away from building and running a business

Good.

That is why Caroni had to be closed down. For those who think they could produce and market sugar, let them do it privately.

Caroni went buss the moment the PNM brought it and it forever went downhill.
Again PNM ppl cant run a business .

Caroni went buss when the private sector ran it as Tate & Lyle. The PNM not wanting to see thousands on the breadline with nothing to get, saved Caroni and gave it a chance. Since 1975, Caroni 1975 Ltd failed to make the profit that eluded them prior to 1975. The workers then received the best separation package of any ordinary worker in this country.

If you think PNM cant manage business then tell the govt to return the profits from NGC, Petrotrin, NP, FCB, TSTT, Unit Trust and many others which are the mainstay of the economy.

Petrotrin was making profit under the PNM?

with personal dialysis machine? World GTL? Gas Optimisation Project? New Administration Building?

As fas as i remember Petrotrin was making losses with high oil prices.


Petrotrin only NOW making profits and paying out debts they have with the unfinished projects listed above

[UML]

:ROFL: ZR yes. Like how NGC became a sound business when UNC came into office in 2010?

YEA DIS SELF!!!!

NGC records highest ever profit
July 26 2014

NGC has recorded its highest ever profit.

During an appreciation function last night, Prime Minister Kamla Persad-Bissessar announced that the company’s after tax earnings in 2013 stood at 6.5 billion TT dollars.

This she added, effectively makes NGC the most profitable locally owned company in Trinidad and Tobago, and by extension, the region.

She believes this feat was due largely to a boost in foreign direct investment over the last four years, as well as an expansion in the company’s operations in general.

She adds however that profits mean little if they aren’t passed on to the rest of the country, and so, she called on NGC to continue its sponsorship of community, cultural and sport projects.
http://www.103fm.net/ngc-records-highest-ever-profit/

[rfari]

:ROFL: ZR yes. Like how NGC became a sound business when UNC came into office in 2010?

YEA DIS SELF!!!!

NGC records highest ever profit
July 26 2014

NGC has recorded its highest ever profit.

During an appreciation function last night, Prime Minister Kamla Persad-Bissessar announced that the company’s after tax earnings in 2013 stood at 6.5 billion TT dollars.

This she added, effectively makes NGC the most profitable locally owned company in Trinidad and Tobago, and by extension, the region.

She believes this feat was due largely to a boost in foreign direct investment over the last four years, as well as an expansion in the company’s operations in general.

She adds however that profits mean little if they aren’t passed on to the rest of the country, and so, she called on NGC to continue its sponsorship of community, cultural and sport projects.
http://www.103fm.net/ngc-records-highest-ever-profit/

Post the audited accnts

[dougla_boy]

he doh ha dat...hadda talk to he handlers and get excel files.....

[Habit7]

Petrotrin was making profit under the PNM?

with personal dialysis machine? World GTL? Gas Optimisation Project? New Administration Building?

As fas as i remember Petrotrin was making losses with high oil prices.


Petrotrin only NOW making profits and paying out debts they have with the unfinished projects listed above

Petrotrin was making superb profits and choose to reinvest them into the company which in this case didnt work out too well. But NGC also made superb profits that were reinvested into the company hence it enjoys record profits now.

Petrotrin then:

Petrotrin gorging on profits
Thursday, July 24 2008

Petrotrin executive chairman Malcolm Jones said despite its surging profits, challenges lie ahead for the state-owned company.

In the six-month period ended March this year, the company recorded a net profit after tax of about One billion dollars, an increase of one hundred and sixty two percent compared to tt $408M for the same period last year.

“The crude oil, natural gas and refined products market remained strong fuelled by increased demand for middle distillates,” Jones said in his editorial in the company’s June issue of its magazine.

As a direct consequence of high crude and gas prices, the company contributed significantly towards Government’s revenues for the year via royalties and taxes. Total Government take was tt$3.8 billion or 46 percent of its upstream gross revenue, the company said.

Refinery margin averaged US$6.60 per barrel compared to US$6.29 per barrel, while natural gas prices averaged US$7.50 per mmbtu compared to US$6.67 per mmbtu for the same period last year.

But in spite of high oil prices and good refinery margins, Jones said this fiscal year continues to be a challenging as the company moves to accelerate its efforts in addressing the repair and maintenance works of its aging assets and health, safety and environment issues. He said while crude oil production on land operations remained fairly stable, Petrotrin suffered a set back in its marine Operations at Point Fortin due to aging infrastructure and safety inspection works.

Refinery throughput increased by 3.5 percent in this period compared to the same period last year.

Petrotrin, he said, is aggressively implementing its gasoline optimisation upgrade programme in order to meet the changing market demands for cleaner fuels and is expected to commission the isomerisation plant later this year.

In its refining and marketing overview which was published in the May issue of its magazine, the fiscal year 2006/2007 was another profitable year for Petrotrin.

The net profit was tt$1.1B and this figure exceeds both the projected net income and last year’s earnings, making it a ten-year record for the refining and marketing operations. For refining and marketing, the impact was positive as reflected in Petrotrin’s gross margin which averaged US $8.61 per barrel for the year. Petrotrin said it was able to maintain crude throughput of 158.8 MBPD by sourcing crude from West Africa, Brazil, Venezuela and Colombia. Foreign crude imports comprised 93.4 MBPD of the total processed. Refined product sales volume averaged 159,574 barrels per day, a 3.1 increase over the previous year. Refinery utilisation at 69 percent was 10.4 percent lower than the previous year of 62.5 percent. According to the company, a peak refinery utilisation of 83.9 percent was achieved in April, the highest ever so far. Capital expenditure was tt$1.6 billion which represents a 225% increase from the previous year’s expenditure.

In exploration and production, net profits stood at tt$543.8M and resulted mainly from high crude and gas prices. Gas production increased by three percent, while oil production decreased by approximately ten percent, compared to the previous year. The decline in oil was mainly in the Trinmar Operations where eight platforms were shut to assess how safe they were before resuming operations with them.

Equity production from joint ventures increased by 7.7 percent, compared to the previous year. Total proved reserves at year-end were 413.6 MMBOE, which was a downward revision of 23 percent from the previous year. The write-down was mainly due to continued depletion and lower than expected exploration and development drilling results.

http://www.newsday.co.tt/sport/0,83145.html

Petrotrin TODAY:

Petrotrin Pain
Profits down but Petrotrin earnings up 132%
Published on Jul 21, 2015, 9:00 pm AST
By Aleem Khan

State-owned Petrotrin multiplied its losses 11.2 times to reach US$168 million for the nine months ended June 30 compared to US$15 million loss for the same period last year, but its earnings before income tax, depreciation and amortisation (EBITDA) rose 132 per cent between March and June, preliminary financials show.

Petrotrin chief financial officer Ronald Huff confirmed via email on Friday that the Oppenheimer data released to bondholders on July 16 is accurate.

Omar Zeolla, senior analyst responsible for Petrotrin at Oppenheimer wrote to bondholders.: “I believe Petrotrin's results for the quarter ended June reflect the expected improving trend in financial performance as its refining capacity came back online and oil prices and refining margins improved. While results for the first nine months of the 2015 fiscal year ending June 2015 are still being affected by the weak performance of the first quarter of the fiscal year, the last two quarters have shown a return to financial performance similar to previous years.”

Zeolla added that earnings before income tax, depreciation and amortisation (EBITDA) margins are back to the 11-12 per cent range and free cash flow has been positive for the last two quarters.

Petrotrin's nine-months ending on June 30 showed positive results, especially when calculating the results for the quarter ending June 2015, Oppenheimer said.

“The nine month figures show a positive EBITDA of US$24 million by my calculations. EBITDA was negative $75 million through the six months through the end of the first calendar quarter of this year. This was a result of the inventory write-down in the quarter ending December 31, 2014 (the first quarter of the 2015 fiscal year).”

Results through that first quarter had also been weak due to lower oil prices and the interruption in refinery operations which reduced refinery capacity utilisation to 25 per cent in fiscal 2014. “The improved results in the last two quarters reflect improved utilisation rate in refining – this was the major problem affecting results in the last year – now up to 70 per cent in the last two months. Refining margins have improved since early this year, Oppenheimer found.

“Margins reached five-year highs recently, positively contributing to results; throughput and product mix have also improved and fuel production increased. The company is benefiting from strong refining margins in the region, especially in some areas of the US West Coast as a result of strong demand and limited supply of refined products,” Zeolla said.

Refinery only 40 per cent supplied

Oppenheimer told bondholders Petrotrin's upstream production is also expected to increase after September, improving the company's own supply of oil for its refining operations. Petrotrin projects 25 per cent growth in oil and gas production by 2019 from current levels.

Increasing oil production improves the company's integration and should increase the own supply of oil from the current approximate 40 per cent of total needs.

Over US$175M lost

Backing out the quarterly results for Q3 FY2015 from the nine-month cumulative US$168 million net loss by the company, “the June quarter seems the strongest quarter so far for this fiscal year,” Zeolla said. “I estimate EBITDA of US$100 million for the quarter after a negative $125 million in the quarter ending December 2014; this figure included a US$175 million inventory write-down as a result of declining oil prices,” Zeolla said.

Free cash flow also improved to a total of US$124 million for Q3 FY2015 as quarterly revenues rose to US$882 million for the last quarter and EBITDA margins improved. “Free cash flow is expected to be - at worst - neutral for this fiscal year after capital expenditure (capex) was budgeted in the US$300 million range but will likely be below that number. Capex through the first nine months of FY2015 was US$130 million, so it is running lower than expected,” he said.

Preliminary financials show cash balances declined to US$133 million from US$277 million at the end of fiscal year 2014 (September 30, 2014) but mostly due to repayment of debt (total debt declined from US$2.2 billion at the end of FY2014 to US$1.9 billion). Cash balances declined close to the US$100 million minimum level the company is comfortable with but the company expects to close a US$500 million committed bank revolver by the end of this month, which should be used to repay short term debt and leave about US$300 million available to fund working capital and investments, helping maintain cash balances at least at current levels, Oppenheimer said. Petrotrin's short-term debt declined to US$725 million at the end of June from US$945 million at the end of FY2014 (September 30, 2014).

http://www.trinidadexpress.com/20150721 ... otrin-pain

[dougla_boy]

ent the Express full of PNM people?

[Redman]

:ROFL: ZR yes. Like how NGC became a sound business when UNC came into office in 2010?

YEA DIS SELF!!!!

NGC records highest ever profit
July 26 2014

NGC has recorded its highest ever profit.

During an appreciation function last night, Prime Minister Kamla Persad-Bissessar announced that the company’s after tax earnings in 2013 stood at 6.5 billion TT dollars.

This she added, effectively makes NGC the most profitable locally owned company in Trinidad and Tobago, and by extension, the region.

She believes this feat was due largely to a boost in foreign direct investment over the last four years, as well as an expansion in the company’s operations in general.

She adds however that profits mean little if they aren’t passed on to the rest of the country, and so, she called on NGC to continue its sponsorship of community, cultural and sport projects.
http://www.103fm.net/ngc-records-highest-ever-profit/

Especially when NGC pushing most of the money into UNC areas.

[SiR8081]

Camille Robinson Regis is a poor choice in my opinion given the credit card fertility treatments, jewellery, clothing and light fixture expenses using the govt credit card. She should have been axed and never looked at again. Why was she given a safe seat? This is the kind of people Rowley want in his cabinet? Where are all the young bright honest people? It have no one new that he has to recycle these old politicians? Send her to breeze out with Anil the 2 pull, Glenn the touch boobies, Chandresh the horner man, Subhas Ramkhelawan the dependent senator etc etc etc

Are we going back to the old school way of doing things? Might as well bring back mary king and anil.

Why is the PNM also adamant that we need a rapid rail? We need box drains, pavements, smooth roads, a proper water, waste water, electrical supply, a well equipped and accountable govt service, proper procurement legislation, campaign finance legislation which both parties refuse to touch, flyovers at every intersection on the CR Highway, the SHH needs to be made into 3 lanes north and southbound, what about the unfinished MoE building and all the rest of projects that billions have been spent on but remain up in the air.

Short version of the above paragraph: We lack basic infrastructure and our institutions are decaying. Creep before you crawl, you do not just get up and start to run without a foundation or the fundamentals. Real cart before horse business.

We should do like the canadians and hold birthday celebrations for projects remaining in limbo and embarrass the govt.

The citizens fighting over which party better while the politicians laughing b/c this means that their party hacks defending them, so they dont have to defend themselves.

And don't talk for the media that printing one set of bogus bs stories that ent worth a fart in the breeze, all in the name of making a day pay with high paper sales. Journalism and integrity for sale to the public for $2 per day per paper. Sources and facts not required.

The problem with this nation is the people. A nation gets exactly the govt they deserve.

[UML]

REMEMBER: TOMORROW (23RD JULY ) IS THE LAST DAY TO GET YOUR NAME REGISTERED TO VOTE!!!!!!!

[desifemlove]

vomit in govt. car? seriously? lolololololooooooooooooool.

[rfari]

REMEMBER: TOMORROW (23RD JULY ) IS THE LAST DAY TO GET YOUR NAME REGISTERED TO VOTE!!!!!!!

Who u voting for?

[EFFECTIC DESIGNS]

Why is the PNM also adamant that we need a rapid rail? We need box drains, pavements, smooth roads, a proper water, waste water, electrical supply, a well equipped and accountable govt service, proper procurement legislation, campaign finance legislation which both parties refuse to touch, flyovers at every intersection on the CR Highway, the SHH needs to be made into 3 lanes north and southbound, what about the unfinished MoE building and all the rest of projects that billions have been spent on but remain up in the air.

Short version of the above paragraph: We lack basic infrastructure and our institutions are decaying. Creep before you crawl, you do not just get up and start to run without a foundation or the fundamentals. Real cart before horse business.

Well Rowley can promise anything, don't mean he actually have to deliver it eh. But I disagree that we don't need a rapid rail. Rowley is actually correct on this note, we do need a railway, Trinidad is too big not to have one.

In some ways I feel Rowley would be right to stop majority of the projects going on in the country and build this Rapid Rail notice I never said stop it out of spite I said stop it for the greater good of building a railway. We have a horrible transport problem, nightmare traffic problem. The Rapid Rail is the real selling point of the PNM manifesto it is such a grand idea. But its very hard to believe it would ever happen. And if it does it won't be completed until the next 15 to 20 years or so.

One way to make the rapid rail a success is to abolish GATE. It has caused more harm than good, of Rowley does win he needs to seriously review GATE in this country all the dotish scam degrees that are not helping a single person in this country needs to stop getting funding. Medical students who are accessing GATE needs to work for this country for a minimum of 15 years as policy OR if they want to migrate then fine repay the fees before you do that.

Too many people are abusing tax payers in this country, too many useless programs sucking the tax dollars, all that tax dollars wasted on useless programs that could have built 2 Rapid Rail by now. The rapid rail is a POSSIBILITY IF Rowley cuts all these useless blood sucking programs and other useful ones needs to be revised.
Sometimes I does wonder what if Rowley is the one man to save us? what if Rowley is that one man who could set Trinidad straight and stop all this assness?

Too bad he wrecked his chances with Email Gate.