YES, while any oil is good for the co. it is only so for the S/H if the net profit margin is large enough, IN TIME.
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YES, while any oil is good for the co. it is only so for the S/H if the net profit margin is large enough, IN TIME.
Are we observing a gradual ratcheting down of the S/P price, regardless of where the O/P goes???
Yes seems a bit odd, management need to do another capital return because that worked wonders for shareholders! (I'm kidding if anyone couldn't pick up the sarcasm)
in my case the capital return was enough to pay for a barn conversion into a fully decked out workshop that is just about a profitable home business that will allow me to
be self employed in the not too distant future. of course i could have done this years ago without investing in shares..... but back then i thought listed company directors
knew more about creating wealth than little ol' me..... which is why i invested in those i thought were better than me..... now i only invest in myself, and the capital return
was a positive thing for me....... more psychologically than financially ....... with the former being more important in wealth creation than the later..... so i have learnt.
without sounding too touchy frely new age Greeny supporter that is a cool post Neopole!
In keeping with the title "the Explorers from NZ", NZOG have surrendered another piece of dirt in the Taranaki Basin, 54857, before they did some 3D seismics or drilled a well. Clearly this is a great way to explore, by not exploring.
They did 2D seismic.
To keep the permit they would have needed to do 3D seismic but apparently nothing worth following up was discovered during the 2D exploration.
This permit is also one of the few where NZOG has 100% of the risk, so a farmout of some risk would have been desirable.
That could be difficult in the current climate.
Frankly I prefer if they buy up reserves and production cheaply on the sharemarket as with CUE.
The Explorer thing is more a bit of nostalgia.
Quite right sideline. The oil world has changed with the hugh and unexpected crude price drop last year. There are quite a number of cash stressed oil companies that need taken out of their misery that just might not make it through this downturn. That is where we should be doing our exploring. In other words change with the changing world.
So on 29th of July a special cUE meeting is being called by a greater than 5% holder. That must be NZO calling the meeting. Anyone know if CUE currently has any other holder with more than 5% ? Is this meeting being called to merge with NZO,which is my take? If so probably a script swap.But remember just my thoughts.