This years Auckland event should be v. interesting then...
Of course, a time tested method of using MA crossovers with other indicators (i.e volume and price acceleration) also works well.
Printable View
This years Auckland event should be v. interesting then...
Of course, a time tested method of using MA crossovers with other indicators (i.e volume and price acceleration) also works well.
so on wednesday kupe topside is shifted onto the teras transporter heavy lift barge, then installed onto the jacket.
be good to see it all and hopefully nzo will have some happy snaps
M
I'm bored with quality of your posts as well tim23, but I'm sure others won't agree with me.
But that's the beauty if this forum isn't it?
Macdunk is entitled to his 'blue-eyed, pass the parcel' broken record (and let's not forget the odd gem buried in there somewhere) and you're entitled to your shrill denunciations.
This thread would be far worse off without Macdunk's provocations and you rising to the bait :D.
At the very least it's entertaining.
I guess that explains why macdunk post his rubbish about his nickle miners and "new" investment strategies on this thread rather than the appropriate threads on the ASX forum or investment stategies forum - he confines his posting to threads that have the highest readership regardless of topic.
.
That's what I used to think about macdunks posts back in 02-03 when he started bombarding these forums with his nonesense - after 5 yrs, his posts no longer provide any entertainment value to me - they are just plain boring and disruptive of any intelligent discussion that may take place.
.
Now steady on boys and girls. If you do not stop baggering Macdunk he will throw another wobbley and walk out of this forum for another 3 hours.
Carefull digger he might come back and kick you all in the chook house just to see the fun. I enjoy the banter digger some of them behave like school kids which is rather amusing. The moment i walk out they ask for a comment then bag me for replying. The funny thing about it all is they cant except reality, i might have a field day with my new identity at PASS THE PARCEL TIME. MACDUNK
Hold on Macca. NZO set to fly. up nearly about 13% from a few weeks ago. Pike on fire and up nearly 30% from a few weeks ago. Meanwhile some of the aussie stocks are getting hammered. Oil prices have decline 10% in recent weeks but not NZO.
People talk about averaging down. Unfortunately i will have to average up
It is all about time NITA. You did really well for two years then you are still stuck at the same level you were at three years ago. Your options you watched go to over 30c then drop back to 8c. You condemn me for pointing out the reality of your incompetence to understand the market. You still think you are so right that everyone with an opposing viewpoint must be wrong. I keep an open mind when i see you do something easier or better than i do i wont hesitate to follow suit. It will be interesting to meet you at the get together on the 15th. Macdunk
lol. you see my friend, I actually sold a decent parcel at 30.5 cps. These were the same ones you sold for 9 cps. Ill also let you in a little secret my friend.. i didnt use a 30 day ma either.. but then how could i.. you hadn't invented it then.
NITA, So you proved that you are not brain dead after all by selling a parcel. Lets have your analysis on the remainder. I said right at the beginning that i valued them at 5c taking into account the risk factor i now have downgraded that to worthless. At this moment in time what would you pay for them,? or do you think when the music stops the parcel will be found empty?. You did say in a previous post that you would get your day trading wrong 8 times out of 10 with NZO. I gave you the 30 day moving average as your TA buy signal Which would have made you a much larger profit than buy and hold. You then ridicule a young fella for showing you a better way saying he invented the 30 day ma buy signal etc etc. I think you must be quite an old lady set in your ways its time you kicked your heels up old girl you are starting to show your age. I would lay odds that i pick you straight away at the get together as the famous NITA. Macdunk
Not only did i sell the parcel at 30.5 cps share where you sold out at 9 cps i also sold 2 other parcels for a tidy profit. Even if i did sell one lot at 10. cps a few months ago.
Where do i start little fella. Well let me tell you that i consider the options more than worthless at present. quite a bit actually but they may end up worthless. If the options hit 5.5cps by Jan 15 under the current economic conditions i will be all over it like a rash. If i had taken your theory at the beginning saying the options were worth no more than 5 cps then i would not have made about 350% on my options (assuming our free options were worth about 8 cps when they got allocated). That is another reason why i would never take your advice.
I have decided not to use the 30 day ma as i thought you might have a petent on it and i do not wish to be sued. Of course you are being ridiculed and do you know why? you change your system more times than i change my panties thats why. Its also why no one takes you seriously and i and others love to egg you on. No you havent shown me a better way md. you are showing me a way that you use to justify your buying decision as your other theories including the macdunk elliot wave timeline stop loss flip a coin theory isnt working.
At the end of the day, your theories have more holes in it than swiss cheese. Im not gointg to tell you how to gamble on the sharemarket but if you want some advice on investing then i may even give it to you for free.
ps. I may be older than you macca but i still have my marbles
be careful Mad Duck the options might end up in the money !!!!!!!!!!!!
I hereby announce that there will be no more bad comments made to md on nzo..but please dont make me go back on my word
posts on this page before this one = 13
posts on NZO that are in any way original = 0
Times I have heard macD p the p line 20+
Times I have heard nita say he has sold nzood at 30.5 = 3+
Useless posts on this page now = 14
guess that means we are in a very boring, lifeless, directionless market
SECTOR SURFA I thought you might be interested to know MRX is in a trading halt at the moment. Might end up with egg on the face, but this is exactly why i bought them. I expect when the announcement comes out before trading opens on monday you might like to pat me on the back for putting you on to it. Thats what this is all about its picking what happens in tomorrows market that counts dont get bogged down bleating about yesterdays market. Appologies to NZO holders, only replying to what was written previously on the thread. Macdunk
Can someone in the know tell us how risky is this? I don't know what a jacket is but I have a feeling that the market may be waiting for this to be complete before the share price continues it's rise.Quote:
Originally Posted by NZO
From many years on the market,i can say NZO and PRC are doing real well given that it is christmas shopping time. Things will pick up early new year.Do not think the jacket thing even if successful will have enought effect to remove the christmas sell.Happens ever year.
port taranki website shows the kupe topside moves at 1200 sunday
Sun 09/12 12:00 TERAS TRANSPORTER WEND project cargo OUT shift berth >> NA /R+M 100m 0 0
M
Never thought of it that way but sure enough, just as I was about to top up on PRC, Mrs Manxman ("Lady of Mann" to the purists) went out and bought me a brand new tractor funded straight out of the "Make Mrs M a Rich Lady" fund. Hey, a real good Christmas present, bless her, but it reinforces Digger's point about shareprice getting no retail support until Santa is done and dusted. I really wanted a new heading bitch (can you say that on this forum? )
And we got through the whole weekend without some P*** who didn't have a date on Saturday night abusing McDunk or AR (I know you can't say that on this forum)
There's a sort of feel good factor coming in on PRC and even NZO. The spirit of Christmas or the spirit of Mammon?
Mx
Looks to me like NZO has push through the resistance of $1.10. If it stays up at these levels, it should move further north. Nice upwards graph movement. Any chartist out there can give us a view? :)
Someone has finally woken up to the fact that NZO is cheap? Maybe!
buyers outnumbering sellers a few large trades going through today has someone finally woken up ?
It feels like an insitutional buyer buying on the market. :) They are having to pay up to get stock.
Heres hoping and hopefully some news from Kupe soon
This looks very good to me. Large buyers pushing up SP when sellers usually dominate with christmas shopping. Also SP rising aginst direction of general market. The market is usually best in second half of Jan so maybe crack 1-30 by jan end if current trends follow past market patterns.
Yes, what makes this look good is that the price movement is on the back of limited news. This behaviour is unusual for NZO. I'm picking that this in the start of a good run that will last for some time.
Whats interesting is that both PRC and NZO both are having a good run. Must be an upgrade for NZ energy commodity stock?
is it a case of follow the leader with the ASX prices higher than NZX perhaps its time we catch back up ?
We finally have the breakout today! I have been waiting and waiting for the volume to come along and at last we are getting some good buyers.
If this breakout pattern looks familiar, this is what PRC did back when it was 85c and started the nice uptrend.
The buyers are here quite cunning. If you wanted a stake and did not want to move the market too much,what better time to move than just before christmas. There will be a lot of small holders and not so small that need a few dollars just now,so this is a good buyer move.
Now on the other hand it says the SP will be very strong in Jan,so after a long wait the good times are finally coming.That volumn today looks like someone is operating under a definite plan. Maybe my 1-30 by end of jan will be too light after todays movement.
Merry christmas to all posters.
No sign of anyone being too over confident with the od's just yet though.
Good point - I guess the clock is ticking but I expect them to have at least 1 more run to high double figures before expirey.
perhaps an announcement this week about kupe could help keep up momentum against market ?
kupe topside must have fitted ok as Teras transporter on way back
Tue 11/12 13:00 TERAS TRANSPORTER WEND -- IN >> NA /R+M 100m 0 0
M
Speculation on one of the Aussie boards to explain yesterday's market action of NZO & PPP up on big volume yet AWE down.
Maybe AWE is going to make a play for the other two.
Makes sense to me. Next question is how high would they go.
Next question, what about the options, which can make a t/o difficult (could have been part of the plan when issuing them)
I'm not sure how these things usually work, maybe someone else can comment. Would they have to make the heads price offer high enough so option holders would be happy to exercise early? Which of course would bring in an extra wodge of cash that they would be buying. That would make an offer of at least $1.60 seem reasonable.
Then they have to get major shareholders TR and AT to agree too.
Just speculation, I repeat, but that's part of the fun of these chat sites.
Where's McDunk lately?
There is definately something cooking. After using my paitience, wait and hold technique, it looks like the smart money likes nzo and especially ppp.
Time to reflect again on the statement made by Salisbury about the Board's ambition to grow the company through aquisition.
acquiring Swift's Rimu assetts would make sense if NZO is contemplating some of the on-shore blocks on offer.
Its all speculation what NZO might get up to. The sp should by fundamental standards be much higher than it is at the moment. NZO should have its highest sp ever at this moment in time. Its definately has not been a zombie buy and hold share over the last three years, but previous to that had an excellant run. The only people to make money over the last three years has been the traders who were smart enough to get out near the top. The question is will they look after the shareholders or wont they?. My view is they will spend the lot in further oil exploration keeping the trough nicely filled up as long as they can for them selves.
We all know what they have got, which is not an accurate reflection on the sp, which is to low for what it is, simply because of investor distrust. I would say the options wont be worth converting, the company no longer requires the money. New exploration and results will take years to eventuate, you are investing in the share price rise and fall only at the moment. They will buy in to new ventures with the profits you lot are only a means to the end, thats the harsh reality of any oil explorer. Macdunk
Righto Mcdunk. I've got another child on the way and want to test your theory. I'm going to buy them a chunk of NZO when they are born with firm instructions that this is a 21st present. In 21 years time they are either going to call their father a silly old man or spend many hours pondering over where I got my wisdom from.
Only if you latch on or as i said to the apprentice boy IF YOU DONT STOP RUNNING ROUND IN CIRCLES I WILL NAIL YOUR OTHER BLOODY FOOT TO THE FLOOR. Some of the people Strat turn it into a personal insult to say anything about the company. See you sat at the social it should be fun, i expect an earbashing from a few NZO deciples. Macdunk
C-MON you guys you will have NITA scared to front up with all this talk. I will be there to face the music nothing like a santa bag with a lump of concrete in it to defend yourself. The only problem is i dont beleave in make beleave might delegate the santa job to my mate STRAT. I have arranged with my loved one to drop me off and pick me up at 8.30 after we go to a third birthday party lunch in whangarei. Looking forward to playing PASS THE PARCEL with my NZO friends so might bring my violin along to get you all in a good mood. Macdunk
The buyer is still buying today and paying up for stock.
The options will be worth converting if the share price is North of say $1.60, gee Duncan you say some silly things at time - except when I agreed with you over Robbie Deans missing out!
pendulum coming back - down to $1.10?? or will PRC support?
$1.50 for the options will still result in losses to Option holders who purchased on market options, but not the case for those with free options...$1.50 does signify conversion price, losses can be reduced up until the point where OD buy price is reached which is breakeven...
eg bought OD's for 8cents... breakeven is $1.58
The upside is 100% returns for ever time your OD buy price is above $1.50+OD buy in price....
Depending on what buy price OD's were at the time depends on what breakeven point is and is different for all investors.....
Tim, you said MD says silly things sometime, well you were just that in the same post you accused him of being....:D
:cool:
.^sc
You didn't read his post properly or my reply in that case; I said say $1.60 - another words about $1.60; he implied the options were worthless. Its nice to know Duncan sill has a few flunkies left though SC so good on you for defending him!
Im not intentionally defending Mackdunk... I explained exactly how the Options work so that you dont make the same mistake again Tim...
...eerrrhhhhh, how do I say this.....
....What I should have said was, your posting is sometimes silly, and non informant...
Just how 'Far North' of 160c do you think conversion price is?:D
Man, If I start making mistakes like that then Id be ripped to shreads....
ITs no problem if you get it wrong, BUT in this numbers game you should be getting the numbers correct if you want to post them...Balance should be listening here aswell...
...
No offence intended Tim... We all believe in this company apart from 1 or two... SO, good on you for making what I think you said was long term profits off this one... Id be happy as with 40% PA as Nita and many other long terms holders have returned...
:cool:
.^sc
anyway,
Anyone want to make any predictions of when NZO will hit $1.30 again?
:cool:
.^sc
[QUOTE=Shrewd Crude;176585]anyway,
Anyone want to make any predictions of when NZO will hit $1.30 again?
:cool:
.^sc[/QUOTE
i already did about a couple of pages ago. That is three informed comments ago and about 20 rubbish ones concerning DM.
People seem to be underestimating the signifance of a share rising just before christmas. It is a especially strong positive sign. I remember way back after the 1987 crash how when stocks were falling NZRefinning went against the trend. Later on when the market finally settled and very slowly recovered[about 10 years] it was always NZ refinning leading the way. On a smaller scale the same thing happens two weeks out from christmas.
I think NZO held up very well yesterday given the big buyer pulled out[I detect that from the much smaller volumn]. At worst my guess is the SP will fall to about 1-12 before going again to about 1-18 just before christmas,then 1-30 by end of jan.
senor Digger and others. the main reasons NZO is undervalued are
1. the NZ public is very risk adverse - this is in part due to the very slow sharemarket recovery from the 87 crash in NZ compared with the rest of the world, the demise of many finance companies (higher interest at higher risk), and the "PC" wishy washy low risk environment - risk and excellence is very rarely encouraged - except for your kiwisaver. Reward is progressively taxed.
2.The company's poorly defined "future strategy" - you refer to NZ Refining - note their future fuels project etc.
3. Aust. and worldwide shareholders are not that interested because they have plenty more options in their own local situations.
FELIZ NAVIDAD to you all
looks like a lot of pain today re sp
where is the news re kupe topside installation and some nice photos showing same
M
I love how some people panic on a few cent drop on the sp... LOL. I also love people like McDunk who talks down the sp so people like us can pick up some cheap stock. :D
on a general down-market-day like today the good news could be just wasted or worse,
attract unwelcome attention from those who believe the market crash is imminent.
Better to wait until Mr Market is in a better mood.
The price is holding up reasonably well anyway and an occasional consolidation of gains
can be healthy.
Whoever is accumulating NZO must be laughing all of the way to the bank. After a couple of days buying the price firmed and the punters were talking. Only for the international markets to go all soft and offer another opportunity to accumulated more NZO at bargain prices.
Its time to start talking about NZO down at the xmas drinks again. I know that your mates will all say that you said the same thing two/three/four xmas's ago but this time you are talking cash, not project plans.
Yup, noticed that a lot with NZO posters over the last year or so... Every tiny little movement in SP that happens HAS to be explained by something - lack of investor confidence, future earnings, even the odd conspiracy here and there...
Pretty amusing... Its a down day and NZO's lost a couple cents, who cares! Hopefully the up/down's continue for a bit, I'm enjoying trading in and out of it atm
And guess what stock will be in the top five picks for the 2008 investor competition.
You guessed it, NZO.
I'm also picking that more than one broker out there will select NZO also.
bodes well for buy - out or increased valuations. See reuters story
http://www.reuters.com/article/reute...30772220071212
LONDON, Dec 12 (Reuters) - Goldman Sachs (GS.N: Quote, Profile, Research), the most active investment bank in energy markets, raised its price forecasts for crude oil for next year, the bank said in its outlook for 2008.
Goldman now expects U.S. crude (CLc1> to average $95 a barrel in 2008, up $10 from the previous projection, and said a cyclically stronger market in the second half of next year could push the price to $105 by the end of 2008.
Thanks dsurf.Good article and particularly relevant to a resource called coking coal.
PRC will be getting the attention of a lot of buyers once production gets closer. The two Indian companies did their homework first.
As Newcastle's problems get worse ( the expansion wont be finished for 4 years ) then PRC will really come into further favour.
In the meantime oil goes to $US94.
Are there any announcements anticipated over the coming week or so ? Or are things likely to be pretty quiet on the NZO front over Xmas ? At least until the quarterly activities report at the end of Dec.
Next Quarterly Report will be at end of January, followed by half yearly report at end of February.
Nymex crude was up above US$94 on Friday but ends week at approx US$91 / barrel
In the meantime IEA is forcasting higher demand next year ..... guess the possible US slow down / recession could change that .......
http://www.bloomberg.com/apps/news?p...4&refer=energy
Oil Gains After IEA Raises Demand Forecast Amid Stockpile Drop
By Eduard Gismatullin
Dec. 14 (Bloomberg) -- Crude oil rose after the International Energy Agency raised it forecast for oil demand next year and said industrialized nations' stockpiles had fallen to below their five-year average.
The IEA, an adviser to 27 nations, said OECD inventories fell 22.4 million barrels in October, led by ``a sharp decline in European products.'' The agency raised its forecast for global 2008 crude demand by 115,000 barrels a day to 87.8 million barrels. That's 2.5 percent more than this year.
``Oil is higher on the IEA report about the drop in stockpiles,'' said Julian Keites, a broker at Fimat International Banque SA in London. ``The market is testing higher prices in accordance with the IEA report.''
Crude oil for January settlement rose as much as $1.13, or 1.2 percent, to $93.38 a barrel in electronic trading on the New York Mercantile Exchange. It was as $93.07 at 10:43 a.m. in London. Oil has risen 5.7 percent this week.
Organization for Economic Cooperation and Development members' fuel stockpiles in October fell to 52.6 days of cover to meet demand ``with a similar picture emerging in November,'' the Paris-based IEA said in its monthly report.
Brent crude for January settlement rose as much as $1.54, or 1.7 percent, to $93.66 a barrel on London's ICE Futures Europe exchange. The contract, which expires today, was at $93.07 a barrel at 10:43 a.m. in London. The more actively- traded February contract rose 1.1 percent to $92.94 a barrel.
The IEA said today there are signs of rising supply from the Organization of Petroleum Exporting Countries in December. OPEC, which pumps more than 40 percent of world's oil, supplied 31.1 million barrels a day in November, 180,000 barrels a day less than October, according to the agency's estimates.
``OPEC is trying to bring the price down,'' Ronald Smith, head of equity research at Moscow's Alfa Bank, said today. With oil at $95 ``or higher you will start to see some demand destruction and some slowdown in the global economy.''
To contact the reporter on this story: Eduard Gismatullin in London at egismatullin@bloomberg.net
Last Updated: December 14, 2007 05:45 EST
We discussed NZO a fair bit. Notably, a game called "Pass the Parcel":D:D:D
http://img259.imageshack.us/img259/9...08wincepx2.jpg
http://img265.imageshack.us/img265/2...09winceea6.jpg
Nothing inside!
http://img265.imageshack.us/img265/9...10wincemy2.jpg
Disc: Still bullish on NZO
The parcel was passed around like a hot potatoe at the Auckland get together. Nobody wanted to hold it, so we decided to open it to put everyone out their misery, and have a sneaky look.
This was followed by being told to leave the area in an orderly manner into another room. LIZ responded by saying I HAVE BEEN THROWN OUT BETTER PLACES THAN THIS. STRAT was no help, and if it had not been for MACDUNK starting up explaining his time line theory things might have turned nasty. We all had bets to where the first childish comments would come from. OILER reckons peak oil will arrive first before some of these people wake up to what really is going on. All in all NZO was debated as being a bit unlucky not to have gone up in price over the last three years. Now that the parcel is shown to be worthless i expect the averaging down brigade to take over. MACDUNK
.
Prithy tell us mere mortals, yes prithy, MacD, do tell us why thou thinkst, that NZOG is so worthless ????
Or is this just your same old coprolitic rampage across landscapes dispossessed of any skerriks of sanity, the same old effluences without a nano skerrick of justiffication ???????
Aye, prithey tell us mere mortals, please do !!
Or should we reach for the tomes on libel and slander yet again ??
.
dunk posted the parcel to his mate Toney for x-mas.
turkey attacked pkk, oil price set to soar (thank uu) this week.
disc: PYM/PSA
oil is set to make us sore? or set to soar?
im mixed about oil medium term...its a traders game, and the US is gonna be hit hard.
Thanks Zorba ( for the info. on anns. ). I'm trying to time the market. Ha Ha ! Want to swap a few more NZO for PRC. Of course I'd rather make the move when / if an ann. pushes NZO ahead again, and get more PRC for my money. Guess they won't be level-pegging forever. Ah, but which will move first ? Oh for a crystal ball.
Kupe development drilling to start
Neil Ritchie, New Zealand
Thursday, December 13, 2007
THE Kupe topsides module has been installed on the platform's jacket and development drilling for the offshore Taranaki, New Zealand gas-condensate project is about start.
Origin Energy Kupe project director Peter Ashford said yesterday that the Technip-Origin Energy alliance was making good progress with the $NZ1.08 billion ($A960 million) project.
Construction of the onshore production station, designed by Technip in Kuala Lumpur, Malaysia, was almost 50% complete, Ashford said at the production station site in south Taranaki.
"Onshore progress is a little behind schedule, but we are extremely pleased with offshore. The platform is now finished and we should be drilling by the weekend."
The jack-up Ensco Rig 107 completed putting the 470-tonne topsides on the already-installed 550-tonne platform early Tuesday morning and the module was being welded onto the jacket.
The Ensco rig would then start drilling the first of three development wells into the central field area (CFA) of the Kupe prospect – a task that should be finished by next April or May.
Ashford said the next important event would be the arrival in early January of the specialist pipelaying vessel Apache.
The reel barge had already picked up the Kupe umbilical, which was manufactured in Corpus Christi in the United States, and was now in the mid-Pacific en route to New Zealand. It was expected to arrive about January 4-7.
Ashford said the Apache would load welded sections of pipe, up to 10km in total length, at Picton, near the top of the South Island, before transporting them north to Taranaki waters.
The Apache would then lay the pipe from near the south Taranaki coast out to the Kupe platform, 30km offshore. In good weather, the Apache could lay up to 1km of pipe per hour, much faster than an ordinary lay barge.
Parts of the offshore pipeline and umbilical would be buried in a subsea trench, while other parts would be supported above the rocky near-shore by specially designed concrete mattresses, the same type as those used in the more northern Pohokura gas-condensate project, Ashford said.
The specialist dive support vessel Rockwater-2, which helped lay the flexible pipelines and umbilical for the Tui Area oil field development, would also be involved in similar work with the Kupe project.
Offshore work on the pipeline and umbilical should be finished by April.
The Kupe venture plans to drill up to an additional three wells in the petroleum mining permit after about 10 years of production from mid-2009. This would drain the CFA and maintain flow rates from the field.
Kupe will supply about 254 petajoules of natural gas, 1.1 million tonnes of liquefied petroleum gas and 14.7 million barrels of condensate over the project's expected 15-plus years of life, according to Origin.
Each partner will sell its own percentage of gas, condensate and LPG. Origin has already sold its 50% share of gas to integrated energy company Genesis Energy, the second-largest Kupe partner.
Most condensate will probably be exported from Port Taranaki to Asia. Ashford said the initial flows, of about 7000bpd would provide "a nice additional revenue stream".
The Kupe joint venture is having two storage tanks and export facilities constructed at the Omata tank farm above Port Taranaki to hold the condensate.
Two of several main piperacks were at the site of the production station and construction of the operational building had started. About 20-25 operators, five per shift, would operate the normally unmanned platform and production station, according to Ashford.
About 120 people onsite had so far worked over 1 million hours without a single lost time incident.
A peak construction workforce of about 900 is expected in about nine months. About 90% of the present workforce is from Taranaki and about 30% of the equipment has been manufactured or supplied by Taranaki companies.
Once the raw gas stream has been treated at the production station, condensate and LPG will be taken by road tankers to the port. Gas will be piped inland to the nearby Kapuni processing plant, owned and operated by Vector subsidiary NGC, for reticulation in the North Island high-pressure pipeline network.
The Kupe partners are operator Origin (50%), Genesis Energy (31%), New Zealand Oil & Gas (15%), and Mitsui E&P NZ (4%).
good news re kupe progress, pity about timing though as mr market not happy.
M
Thank goodness NZO is fully funded. Wouldnt want to be rolling over loans in this climate.
Yes, Kupe going very well and remember...the pipeline has been built to carry 3 times ( yes.. three times...or triple.. ) the volume that's been proven to date.
Why?
The exploration wells in April/May hopefully will provide the answer.
Bring it on.
Pike and NZO getting smashed. Got stopped out of NZO this morning, might come back in later (much later) on technical signals.
People are starting to throw the R (Recession) word around a fair bit now, I'm getting nervous.
To be expected with global markets down. Use the 30 day moving average on the way back with both PRC and NZO as your buy signal. Its a good time to sit on the fence like a vulture waiting on an oversold morsel to feed on. The market looks like its being oversold, fundamentals mean nothing, stick with your TA its market sentiment that counts. After my nice win on AGM yesterday i am cashed out mostly, hoping for a real crash. I would be looking at TPW and CEN in the NZ market after a real crash as best bets. MACDUNK
After reading some of those posts i thought it was all doom and gloom. I was expecting a million plus shares traded and a big drop in sp. Neither has happened to NZO so for the heads holder i would not be too concerned. Pike has dipped a bit but again, on very thin volume. This sort of scenario must be a nightmare for traders as its hard to get out when you want. If you put a stop loss in place even then you are likely to get with your pants down.
Sugestion. I say let the wannabees have sleepless nights trading on the overseas markets. Leave it to the gamblers...bar a few experts..i.e less than 10% of the traders.
NITA, For someone with so little knowledge of trading you seem to be making [excuse the expression] broad assumptions on it being more risky than being brain dead with your portfolio tucked firmly under the bed. Traders exploit people like you they are first out the market waiting on you lot to sell back to them at a much lower price. I had a 36% gain yesterday on AGM and sold the lot. I will buy back in from the blue eyed brigade later on. Trading is what keeps the market alive dont keep rubbishing something you fail to understand. We all start by being fundamentalists the smart ones learn and progress the dumb ones stay in a time warp being exploited and to thick to realize it. Your old mate Macdunk telling you off.
I'm sitting on the sidelines waiting to get back in, but the tiny buy side is keeping me a bit nervous at this stage
There are blood everywhere on the floors. Those that are brave with holding power will reap the profits in this market.
Just as I thought: even a positive announcement on a bad market day doesn't cut it: It just attracts
the attention of the 'the-sky-is-falling'-brigade.
Still it is comforting to see that the down-movement is on very small volume only. Some players
a little bit too highly leveraged??
Those with cash and holding power will benefit most from days like this. If you believe in peak oil, then the doom days are opportunities. If you dont believe in peak oil, then stay out of the oil stocks!
.
At the moment price of oil holding up although pretty choppy ....
http://data.tradingcharts.com/intrad...04e64ae20b.png
But how will POO react to looming US slow down / recession ?
The effects of the US sub-prime fiasco are everywhere, certainly also in NZ .... I've been stung by exposure to sub-prime write downs by way of a diversived investment package from ING. The "International Fixed Interest" component of the package suffered serious write downs due to inclusion of US sub-prime mortgages, what a mess !! When I originally put funds into this supposedly robust and diversified package there was no mention of sub-prime exposure or what that might mean in terms of increased risks !!
Check out this report on Fed attemps to manage the mess ....
http://www.bloomberg.com/apps/news?p...&refer=markets
What a mess !!!
I no longer have confidence in the US economy or in ING and the fancy investment products they tout. I'm pulling all my funds out of ING and into my on call bank account. No doubt thousands are doing exactly the same round the world, hence the liquidity crisis and the possibility of recession.
In the meantime NZOG is so undervalued it may well ride out the slow down and the falling Dow Jones ..... my pick is it will not spend too much time under a dollar.
.
DM. Please tell me what you know about trading that I don't. I am looking forward to your response on that. Why dont i trade? The simple answer is my time is too precious to be looking at the charts and numbers all day to worry about trying to make a buck through trading in stock, futures or whatever. Ive read plenty of books on it like the famous elliot wave theory. In a nut shell, it seems great in theory but as often the its not until after the event that clear definitions are shown.
As far as NZO is concerned, I brought my first shares in the low 30's. and they are now over $1.00 plus the options that i got along the way. This representing over 300% net gain in around 4 plus years. That is why i dont need to bother in day trading. My only other purcahse this year has been PPP. I only brought options at 4.1 cps. I converted at $AU0.15 selling most at 35 cps. The rest i hold are free. So why do i need to waste hours on trading when fundamentals gave me an excellent return.
, you are depressed zorba
Can't see nzo going under a dollar
My guess is that it will be back above $1.10 tomorrow
I think it's time for many investors to clear this "US reccession crap" out of their minds and just get on with investing in undervalued companies
eg, NZO
I don't think they are going to stop using oil in the US even if they do have a reccession - all it would mean is that US demand would not increase next yr
.
Mick,
You are right ....
Onwards and upwards for NZOG !!
.
Nita,
I told you before . You are my kind of girl. Fundamentals. Just plain old common sense.
The Australian eastern coast will be converting to CBM over the next 2-5 years
VPE/BOW
Cant beat it.
[/quote]I don't think they are going to stop using oil in the US even if they do have a reccession - all it would mean is that US demand would not increase next yr[/quote]
The average American earns twice as much as most people in the developed world and pays half as much for petrol. Ask yourself when you would stop using it, or reduce consumption. Their consumption won't drop. If it looked like dropping they would start to top up their "strategic reserve"....as will the Chinese...
The Arabs like USD90 oil (for the present) and won't contribute towards a glut ever again.
...in the mean time, Tapis crude has been cruising along at over USD100!!
Must be nearly 150days of Tui oil now..~75M?? to NZO. No income tax to pay...
Seriously impressive cash flows...no comment about water cut so must be continuing better than early expectations...
NZO may have had a possible need for a few million in cash in the early months but their banks are unlikely to be worried by NZO at the moment...
http://www.asx.com.au/asx/statistics...idsID=00797662
kupe drilling started
M
I am absolutely spewing today. My 7% stop was taken out and the stock continues right back up. I'd be interested to see how others are putting their stops in with this stock. A lot of false breakouts, spikes, and volatility in general makes this a bit tricky to analyse with TA. Still bullish on oil, but this is looking more like a 2 yr hold than a 6 month hold.
This is a good example why you shouldnt panic and should look at fundamentals instead of T/A graphs. Did you get your training from McDunk? LOL