hi digger,
i saw it tonight too..was it for brent crude not wti?
was also a little disappointed not to see prc/nzo on the ups...
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hi digger,
i saw it tonight too..was it for brent crude not wti?
was also a little disappointed not to see prc/nzo on the ups...
Digger: I was also annoyed by the fact that they only showed selected "down" shares, with no mention of NZO or PRC which were surely more worthy of mention than PPL (I think they mentioned that) given the volumes traded today and the continued rising trend in those two energy stocks. I think they were just trying to sensationalise the fall in the market overall. Like the property sector, the media love to exaggerate, e.g. TEL might go up say 10c on a particular day and the media talk about the price "soaring"!
Just checked bank account, and cheque has gone through. All is well with the world tonight, even the finance companies I'm invested with have paid interest tonight... hmm except for St Lawrence.
I also was disappointed that NZO and PRC's share rise wasn't mentioned on TV1 news.
I sent TVNZ an e-mail last night bemoaning (amoungst other things) their lack of coverage of NZ's resourse stocks, the fact they have 10,000's of interested listeners (shareholders), how important the impact of NZO/PRC is/will be on NZ's BOP and the fact they report on US oil rather than Singapore/Tapis + their general negativity.
No doubt will have no impact.
Tapis @ US$148.78 = NZ$195
x42,500bopd @ 12.5% = NZ$1,037,297 per day for NZO. Looking great