Meanwhile down at the Taranaki farm, every man and his sheep are starting to climb into NZO. Why? They are seeing it from their own eyes.
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Meanwhile down at the Taranaki farm, every man and his sheep are starting to climb into NZO. Why? They are seeing it from their own eyes.
It is the last pipe string to be installed and Apache has the good weather in its favor. The Picton base are packing up and heading home.
One more progress notch in the belt for this "big project".
The parallel drilling is the next bit of excitement .......... nobody has been near this resovoir for 20 odd years. Imagine this, "earthquake fractures the fault and Tui is now pumping the oil" :D NZO still wins ....:)
I expect my stoploss to be breached on thursday with NZO. Remember i said buy at 110c it went up to 117c making the stop loss at 112c. The DOW is in deep downtrend along with most other markets including the ASX in todays market. I expect its your turn tomorrow. I also said PRC showed a buy signal at 103c which went up to 105c to be stopped out at 100c. Lets see if i get it right in advance of the event your shares will follow whatever happens in AUSSIE today. Macdunk
It mightn't be too bad on the NZX tommorrow if the DOW recoups most of it's losses tonight (NZtime).....but (shudder) ...if
..the DOW falls again by another couple % tonight, there won't be many happy NZX investors on thursday morning.
NZO held up reasonable well during the last correction..will it do the same this time around?
Good chance there could be some of that red stuff on the NZX floor tomorrow....
HOOP, NZO is down 3.9% in AUSSIE today bringing it it line with other stocks. Looks like my stop loss at 112c will be activated tomorrow giving me a 2% gain less brokerage against the braindead taking another big hit. Macdunk
I am more interested in the oil price and its trend. The oil graph seems to be top heavy at this stage and I will be keeping an eye on that. If oil prices can hold up, then NZO is ok, but if it starts to fall and continues a falling trend, I will be concern for NZO and PRC.
Hi Oiler,
Suggest sell your FBU and put the lot on Roma (RPM ) I see you already have VPE.
See you Saturday. ( I really think we need some name tags eh? )
NZO still putting the $$$$ in the bank and Kupe going as per schedule in excellent weather.Plus the rerating of PRC ( when the new coal price is released ) will lift NZO.