I am getting ready to pick up some cheap NZO in the next few months or so once it bottoms.
CASH COW.. MOooooooO!
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I am getting ready to pick up some cheap NZO in the next few months or so once it bottoms.
CASH COW.. MOooooooO!
Competitions were fun...
What about a NPAT figure?
Shouldnt be too hard...and would sort out a few realisations i would think.
Dsurf, the earnings will be discounted as previous/historical facts. Its whats ahead that matters...
Sold my NZO today, seems to be making a H&S top by the look of things.
Nothing wrong with selling now and buying back later.
(Waiting for the shouts of abuse from the Noggers)
Nothing wrong with that AMR.
Now we're starting to see some anti-dilution courtesy of the options.
Share buyback should be in order if it starts getting dumped...some margin calls will be pretty thin.
Too clever for me-I dont sell out on undervalued shares .
Everyone has an opinion and only time will tell who is right.
Sentiment is definately against the oilers .
Meanwhile nzo is still quietly earning nz $173 a barrel-well over $750,000 a day.
$300 million in the bank
Annual report due out soon
1st quarter result this year should be superb
Possibility of takeover at these low prices-sp heavily discounted
prc about to hit coal.
This is a share I would hate to miss out on-1 good announcement-eg a special dividend and the sp could instantly jump 20 cents .
As I said on the 8th .. Bermuda... if the price drops to $1.50 ish... we could soon see $1.35...there are a lot of fools out there who took up their oppies with help from Mr Visa and Mrs Mastercard.... hopefully ( without being horrible) I am right as I would relish the opportunity to buy in the mid or low $1.30s....
Also waiting for Dodgy Kev to tip over so I can pick up some National Props at 40c.
cheers ... Croesus
Well their revenue has now dropped to $750k per day. Huge eh?
As for $1.30 anything can happen in a market where there are very few buyers. At least NZO wont go down the vortex . Thank goodness I dont margin trade. It is bad enough seeing my gains rapidly eroded.
Yes, oil went too far too fast and the wastefulness of our western world is now being curbed. Hence an increased supply cushion. But once this supply gap narrows again, we are going to have to dig deeper and deeper.
Because sooner or later, Oil will go higher again. As for timing I cant be sure.Thank goodness some of my CSG stocks ( which have been hammered ) got their capital raisings done earlier in the year.
If NZO does go to $1.30 I will be topping up because l this could double in the right environment, especially with Kupe and Pike coming on stream.
Topped up with 6000 today.
Surely the price won't go much lower?????
2800000 shares held by Leverage Equities (#18 on top 20 shareholders list) so undoubtely a % who will be exposed there too.
I do hope that those "Mr Visa and Mrs Mastercard fools" don't get burnt - they after all contributed to the very good cash position the company is in (which will help all going forward given prudent investment decisions) and with Financial Insts collapsing there is enough pain in NZ already.
Enough upside short/medium term with NZO to give spectacular returns @ either 1.35 or 1.50.
BTW - any chance that huge cash pile, or part, was converted to $US given the indication of overseas investment?