Yes and yes.
I am willing to buy back in if the exploration prospects improve, but at the moment I believe it is less risky to sit on the sidelines.
Boop boop de do
Marilyn
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I reiterate what I said in a previous post. NZO should send all their cash offshore, buy large integrated oil companies and wait for the dividends to roll in along with capital appreciation.
It's not until the gas stoves in NZ go out will people realize that there is no living without fossil fuels. Solar panels are wonderful until you try running power tools or anything larger than a toaster. The "Birkenstock Wearers" are determined to stop any exploration in NZ and I believe that the Govt will listen to them and make it next to impossible to drill for oil and gas anywhere in NZ.
https://www.stuff.co.nz/business/opi...ng-uncertainty
Hi flyingmariner,
Was in and out of NZOG/NZO/PPP etc from 1988 until last year - never did any good - still have souvenir bottle of Kupe light crude from company . I saw Barque in its original form - pipe dream with good management returns only in my opinion.
Better options exist for exploring on the NZX - PPH , SKO , ERD - I currently hold shares in all 3.
Good luck with your optimism - mine cost me plenty - including PRC !.
Regards
-dodgy
G'day Dodgy,
I suspect you might be right on better opportunities elsewhere. Maybe should have taken the 74 cent offer but I've stuck with NZO thinking that one day they just might strike oil in spite of all the senseless places they ended up drilling but for now its dead money unless oil goes to 80 dollars.
Now with the Trump factor re: trade tariffs there will be some screaming bargains outside of oil shares in the next few weeks I'm sure.
Well said, as the gov't is keen to exit all fossil fuels I think the time is ripe for nzo and all other oil companies to hand back all oil and gas permit's and exit nz. There are plenty of other countries who would welcome them. It would be interesting to see what would develop from that. once they are gone it might take a massive job to get them back. I say the time is now for them to stand up and make a stand, then would we see thing's get really interesting. jumbo:confused:
Drill and thrill is back for NOG'ers
https://www.nzx.com/announcements/316503
Boop boop de do
Marilyn