is it too late to buy in ppp at 40cents nzd ? to make some short term profit?
Printable View
is it too late to buy in ppp at 40cents nzd ? to make some short term profit?
I will just get my crystal ball out....
Nocash,welcolme back but i see you have the same ring to your questions.The answer is simple---no one knows. Yet a good feee to get a handle on others thinking is to see if they are selling.I have a truck load and none are for sale,therefor i must think the price will rise in the future----there is little point in holding on to a share unless you have good reason to believe something about what they are doing will rerate them upward in the public eye.Quote:
quote:Originally posted by NOCASH
is it too late to buy in ppp at 40cents nzd ? to make some short term profit?
About 96% of my holdings are in oil,would be 100% but i failed or asked too much for a now small remaining number of SLG's.Sometime in the future i will sell out of SLG as while the wheel boat is a good idea it chews up hydrocarbons and that is where i think a good % of monies should be placed.Oil effects everything else. There are few things more important,but food is one of them,which in itself heavily tied up with oil.
So my thinking for you Nocash is into oil and stay the distance.If you do not want the NZ ones try AWE or otherwise Duncan posts have given good advise on AUS oilers.
Digger I think you may have some money tied up in coal as well.;)
Well I'm glad I invested into PPP at 15c(ASX) rather than NZO at 80c(ASX) which don't get me wrong is a great company,but purely on current paper profits PPP is up 136% to NZO's 30%ish both rising on the back of the same Tui development
i recall reading that the company doing the development drilling (was that prosafe?) said that tui was comparatively straight forward. does anybody else remember that?
Well its more straight forward then Maari (also in the Taranaki)
PPP nearly down by 10% today on the ASX
Reaching good top up levels?
depends on your appetite for risk. big upside if start up is trouble free. HUGE if trouble free and hector come in.
I spoke at length to the Schlumberger people who despite my early increduality as to what they had to do....assured me that this particular TUI project rated about 2 out of 10 in terms of difficulty with 10 being the hardest.
And so it seems but they did strike a bit of trouble with the last hole and the weather has not been crash hot to say the least.And the services vessel, the 'Rockwater' blew an engine which cost them almost 2 weeks.
But overall a job well done...well almost well done.
thanks for that, bermuda. that's encouraging.
for me, start up problems are the only real downside risk (and even at 2 out of 10, they will always exist).
but if oil flows as planned, then it's just about upside - potential for upgrade at tui and the exploration of hector and taranui.
an upgrade or a strike at taranui would be rather sweet, but hector - well, sharetrader will party like it's macdunk's birthday.