Will be interesting to see how much NZO earns 4Q & 2H this FY. Market appears to have totally forgotten this stock is sensitive to POO!
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Will be interesting to see how much NZO earns 4Q & 2H this FY. Market appears to have totally forgotten this stock is sensitive to POO!
Yes you would think NZO is producing POO !
From todays paper:
Oil surged to a 32-month high on Friday above US$126 a barrel on concerns about long-term supply cuts, while expectations of more interest rate hikes in Europe drove the euro to a 15-month peak against the US dollar.
Brent crude surged US$3.98 to settle at US$126.65 a barrel, its highest level since August 2008, as the war in Libya, unrest elsewhere in the Arab world and postponed elections in Nigeria drove bullish sentiment on oil.
US crude settled up US$2.49 to a 30-month high of US$112.79.
Just watch what is happening to PPP and consequently to NZO Just as the POO ---- nothing
hope the 2 yachts and the fishing boat arent using any of that dirty petrol to get out there !
http://www.stuff.co.nz/national/4914...ospecting-site
Three protest boats have sailed back to an area off the East Cape of the North Island overnight but organisers will not say how they plan to disrupt a survey ship looking for oil.
Two yachts and a fishing boat left Hicks Bay yesterday and reached the exploration area last night.
Greenpeace spokesman Dean Baigent-Mercer said today the boats had not found the Brazilian exploration ship Orient Explorer by late last night but would be in the area looking today.
The protest, which included local iwi, put swimmers in the path of the exploration ship earlier this month but resulted in exclusion notices being issued when the navy took police out to the area.
The oil giant Petrobras was surveying in the Raukumara Basin to drill for oil under a five-year licence issued by the Government.
Baigent-Mercer said he did not know what the plans were to restrict the activities of the exploration ship.
The protesters say the oil exploration fuels climate change and the environmental risks of offshore oil rigs are unacceptable.
However, New Zealand Oil and Gas corporate affairs manager Chris Roberts said he was confident oil companies which drilled in New Zealand would do their best to prevent accidents from happening.
"The companies themselves have the greatest incentive to get things right, they can't afford reputationally or financially to get things wrong," he told Radio New Zealand.
"The industry in New Zealand has been operating for more than 50 years, has comprehensive existing safety systems in pace and has an excellent safety record," he said.
QUO VADIS NZO
Seems the 22 well salaried experts of the co. are stuck in a no end in sight Hibernation mood, well provided for mind.
The lost gamble for the Jackpot [ PRC ] plus the falling out of favor with investors and most brokers alike, being perceived as bereft of ideas how to carry this co. forward, shell-shocked them into seeming total inertia.
Luck is slowly emerging on there side tough, at least this Forum, long a thorn in there side is dieing a natural death.
As a consequence less SCRUTINY by the public et all of their charming, leisurely but profitable existence.
Is there something particular that brought this on, fabs?
nzo hit its low point last December, and has been inching upwards ever since.
From 86 to 97 in the last 3 months isn't all bad. It has outperformed the index 12% to 4%.
while the management might all have a window seat (from which they stare out and do nothing), the short-term chart is looking quite good.
weeell... goodish. the 30-day MA has crossed up through the 90-day.
and, in another 6 weeks, the downtrend that started in december 09 might be breached... cheers.