http://www.nzog.net/news/2007/071231...y%20Report.pdf
Better presentation.
Printable View
http://www.nzog.net/news/2007/071231...y%20Report.pdf
Better presentation.
Dont expect institutions to look at NZO until they indicate a dividend in the near future or market cap large enough to be in the top 40 for indexing. So stop dreaming.
Solid numbers as expected. Dec quarterly looks impressive. Low 100's was a steal last couple of weeks and the person who bought nzo at $1.16 will have nothing to fear.
Pike is still my biggest concern. The board is tarnished with a couple of members who have past their used by date by a decade or so. On the bright side, the mere fact that coking coal prices will hit record levels will bode well if production isnt too delayed. Personally i dont care if they are not producing yet but as long as they are not substantially delayed.
Kupe is going great guns by all accounts and this is where your long term casflow will come.. heck we wont even need pike...
2009 or 2010...NZO shareholders...would you like dividends with that?
MD.. long time no chat....where will nzo sp be on June 30th?
NITA at the risk of stirring up the unwashed i will give you a TA perspective of the sp where it has been and where it is likely to go. First of all its not a good trading share. Right now it shows a buy signal regardless of the downtrending market which makes it a risky buy. If we use a long term 180 day moving average for the more conservative investor lets see how the market was over a two year period looking forward. I did say run a 5% stop loss to get out and yesterday was a buy signal before the event so hold me to that so lets compare you holding over the two years or you trading to compare.
1, The FA brain dead investor made nothing sitting on a loss half the time.
March 2006 bought 92c sold when it downtrended from 106c at 101c= plus = 9.78%
Nov 2006 bought 94c sold when it downtrended from 106c at 101c = plus = 7.44%
april 2007 bought 94c sold when it downtrended from 134c at 127c = plus = 35.10%
Nov 2007 bought 104c sold when it downtrended from 114c at 108c = plus = 3,84%
JAN 2008 bought at 110c Nita wants to know what comes next a 5% loss or a win
We all want to know that we would all get rich if we did. The one thing i do know is the average trade made 7.84% using a simple TA system which is rather pathetic being kicked out all the time, against making nothing bleating on about peak oil or whatever.
PRC use a thirty day moving average as your buy signal never ever buy a share below that figure. Lots of different TA systems tailer made to suit different companies with different stop loss levels to suit the risk i use 5% to start with until well in profit preferring to play with profits not savings. Macdunk
DM.. I am not interested and dont care about TA at the moment. I work too long to look into that so that is not an option.
FA has treated me very well so i am not going to reinvent the wheel. In fact, I also use use TA to complete most of my decision making. The point is, I put FA ahead of TA. If I retire and have time then those roles might be reversed.
I know you using the last 3 years to say NZO is going nowhere. If i want to use the same argument about what TA traders have done this year or the last 6 months then it is highly likely that most are losing a wad full of cash. What is important, whether you use FA, TA, both or have another system is, DOES IT WORK FOR YOU? Your system works for you and mine has worked for me.
As far as oil prices ae concerned i mentioned and espext the oil prices to have a correction in the range of $70 pbo before rounding to well over $100. Time will tell of course.
DM.. You still have said where you think the NZO SP will be at June 30th. ps. there is no prize for guessing it correctly but i believe around $1.30 as mentioned a month ago. That is 20% increase in 5 months or equate to about 50% increae pa. I will take those odds everytime.
NZO doing their bit.
From "The Independent"
A $33 million trade surplus was recorded in December, just the second in a decade, as oil and dairy shipments contributed to a new high for exports.
Exports were worth $3.677 billion and imports $3.644b.
The result beat market expectations of a $200m deficit.
Dr Who - the institutions already hold the stock, thats been said by the company for some time now
From the Activities Report i see TUI is expected to exceed 11million this year. Then from the same report we have it at 12 to get our 1.5 million protion for this year. Even at 12 million that is a 50% jump to the 18 million for the year if TUI can maintain present production. So from all this it seems that the JV are either being very consertive or a real and big drop off in production is expected later in the year. Me thinks better news can be expected about april or May where we will be advised that TUI will be hanging on a little better than now being reported.
The water cut is less than expected is a very gentle way to hid excellent good news .How much less could have been elaberated on if desired but it seems for now this sort of news is being tucked away,yet it tells all,or at least is the best indicator of future production potential.
Digger, AWE give out a bit more detail about production in their report.
Water cut was 32% during December