Looking better for both-apart from those minority shareholders who have difficulty raising cash.
The company will have a healthy positive flow from 2024 and have said they will be paying dividends from then .
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https://www.rt.com/business/554668-w...shock-ukraine/
Why I'm holding Energy stocks.
Yes OG is forcing NZO and CUE into growing assets and development which in turn will give them more ownership through rights issue..
From CUE Qty>>
-Cue has agreed a term sheet for a $7 million loan from New Zealand Oil & Gas (NZOG) to support planned and future development and exploration activities and "new ventures"??...
AUD spot oil $147bbl
I agree OG will come for 90.1% NZO soon enough but maybe they hope NZO will have a chance to secure more of CUE first ..
OGOG can play all the games they want ..but I don't see them securing 90.1% of CUE on the cheap ..outside NZO .. 27% are held by the other TOP20 S/H's most long suffering S/H that want more than a couple peanuts over what CUE owes them to sell out >>>
Market loving the capital raise - down circa 10% since announced and 20% off 1 year highs.
Can wait until the oil price races up with some sort of geo-political conflict, and gas also in strong demand/pricing. That would put some sort of a rocket under the share price.....;)
Could NZO holders please advise pro's and cons of transferring NZX listed NZO shares to the ASX (as offered in the upcoming rights issue). Thanks ..
I am no expert on this but intend to transfer all to asx for the simple reason that if I ever need to sell some shares it should be much easier-I hold a lot and feel aussies would be more enthusiastic to buy.
Resource stocks are out of favour here but much better understood on the ASX .
I do not know of any significant cons.
i found that with shares in AUS,you do not get all the tax claim back. This happened to me with HZN last june 21.
I am still very supportive of moving to AUS and as a large holder in the top 20 nzo did contact me rgarding my thoughts on raising some money and would I support it. At the time I did say that I thought
NZO in NZ had no real future at least in the forseeable future.I wanted a reverse takeover of NZO by cue,but doing it this way sort of gets it to AUS in any event.
I also have a second 'CON'. I wonder if an oil company headed by NZ will do well in AUS. Could end up with an under arm bowl. Still think here that a big oil and gas should be headed by CUE
I will be taking up 2/3 of my rights. All I can spare