.
Check this out . . . .
Oil $200 Options Rise 10-Fold in Bet on Higher Crude
http://www.bloomberg.com/apps/news?p...&refer=markets
.
Printable View
.
Check this out . . . .
Oil $200 Options Rise 10-Fold in Bet on Higher Crude
http://www.bloomberg.com/apps/news?p...&refer=markets
.
Thought I better repeat this. See page 50 of the Annual Report for TR's shareholding.
To me, that's a significant shareholding.
Also option holders will be pleased to know that it is in TR's interests to have these exercised. Additionally the company has publicly stated that it will be trying its very best to have them exercised.
It will be an interesting run towards the exercise date of June 30th 2008.....particularly as
1.The huge cashflows from Tui will be booked into NZO's accounts for all to see
2.Broker sentiment is rapidly changing and becoming favourable
3.Investor sentiment is changing and becoming favourable
4.The Kupe project is on schedule and within budget
5.The price of oil remains very strong
6.The Pike River project gets nearer to production
7.The price of coking coal will receive a big boost on ! April and could fetch $US150 per tonne.....and lastly...
8.The Kupe wildcat due to be drilled in May/June may well prove to be a trump card
Plenty to chew on.
Rest assured that TR will continue to look after both Shareholders and Optionholders interests....as he always has.
BEAUTIFUL!
[http://futures.tradingcharts.com/charts/BCW.GIF
I see 30,000 NZO shares were traded before the market opened at 1.17. The same thing also happened yesterday.
The buyer could have bought the shares at the market price on open for an average of just over 1.15.
I'm curious as to why this transaction would be placed and how it can be filled before the market opens? Can anyone enlighten me ... thanks.
No answers to that, sorry corran, but more questions on the same topic. There were trades around 4 p.m. on the last two Monday half holidays when trading was meant to finish at 12:30. On Xmas Eve the price was significantly above the day's average, on N.Y Eve, it was 2c below the earlier close. I can't see the why or how, but it seems there is the potential for price manipulation when most people can't make these trades out of normal hours. Especially the N.Y. Eve one . . "NZO finished the year at . . " Ah well, life's not fair is it, just have to live with it : (
But your post is cheering Bermuda, as they usually are : )
senors
a lot of TRs options and some shares are not paid up .... 1c rings a tune
It is an off-market transaction coded IN - Not sure IN stands for but could be "internal" or "inhouse" or similar - ie a crossing between 2 clients of the same broker.
Why at $1.17? - no idea - maybe someone has said buy me XXX NZO at up to $1.17 so a diligent broker has sold some of his clients holding at $1.17
Alternatively the broker may have just bought them later in the day
Malcolm - you seem to have found an extra day in June thats helpful! The company previously extended some options I think the B's?
1
The b's were extended,but were not the first options to be extended. In fact in this industry extension is more common than expiry or exercising. My personal thinking here is that the OD's should be extended much as the OB's were. That is given the slower than expected progress on KUPE and PIKE from option issue date the options need the extra time to bring the exercising as likely as there were on first issue. The OB's were converted to OC's on a one for two basis for both holders of Heads and Options at 2 cents per new option. This time we need the same arrangement of OD to OE but at no cost as it should be given as a dividend when no dividend can be given in cash do to nil imputations credits being yet available. Just my thoughts.