or for PPP to buy into NZO you never know lol
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or for PPP to buy into NZO you never know lol
mackdunk,
you got alot right over the last year... but you also got things wrong too...It would have been a mighty feat on your part had you stood by us and supported our Mighty New Zealand Oil And Gas, and Pike rip it up, instead of ripping them apart...
NZO is a beautiful company...
when are you going to realise this?
:cool:
.^sc
And, seening yourve been out of the game for abit, if your having any problems redistributing those funds back onto the market, then give your mate Shrewd a PM and I'll help you out...
:cool:
.^sc
SHREWDY, Dont fall in love with a bloody company mate. Learn to be objective stand back look at reality in the face. I though you might have learned the reason for your sicknesses since you left home. A great dose of the scratchies is not the end of the world as long as you understand what is going on in the real world, and learn not to get caught out again. Companies are only a means to an end, just like last nights one night stand, learn to move on sometimes faster is best. Your old mate Macdunk
hahaha mackdunk,
Im not in love with any stock...
I will usually hold until either im proven right, (which sometimes takes times) OR company related information changes material enough to impact on that stock...(so I sell)...
You of all persons should know I dont fall in love with any stock, especailly after my little stint with little norwest (your favourite)...
anyway thanks for your adivce.... I will take it onboard...
later you big cat...
:cool:
.^sc
Oil rebounded more than US$3 a barrel on Wednesday, after two days of free fall, as an $85 billion bailout of American International Group sparked a relief rally on Wall Street.
http://www.nzx.com/news/4696132
Sounds promising...
Does indeed...Couple with the damage we already know about from Ike, the worst fighting in two years is disrupting nigeria production and this bit also very interesting:
"US gasoline stockpiles are already running at their lowest level since November 2000, and could drop to their lowest on record due to the effects of Ike, according to a Reuters poll of analysts. The EIA data are due later on Wednesday."
China will be starting to ramp up consumption as of tomorrow also.
Alas, despite forcefulness of your argument I still remain a doubter. Road kill is hard to obtain because nobody can remember the future.
As you well know - usually, on average etc. etc. - a well-balanced portfolio will outperform one that is traded with a strategy to avoid market dips and slumps.
Interestingly, there was a study that demonstrates this in that portfolios operated by women outperform those be men - the reason is that men tend to trade too often in an attempt to do the very thing you are advocating - which I interpret as removing money before a dip/slump and re-joining before a bull.
I have an interesting chart pinned to my wall as a reminder of the REAL mechanics at work. It is a chart put out by Grosvenor in 2004 - it shows the comparitive returns of differing investment vehicles over time. One of the lines on the chart is NZ equities from 1970 to 2004. In short, $10,000 placed in 1970 has grown to $736,587 in 2004. (Yes - I had thought about inflation, so 10K in 1970 is equivalent to 120K in adjusted money - still, not bad huh?).
I'm sure you already know that length of time in market and risk mitigation are the greatest contributors to portfolio gain - the rest just fiddles at the edges and gains are for the lucky only - why ignore this?
Finally - NZO is an odd case, at least in my portfolio - it is a sideline interest and, yes, a punt. But at least I recognise that and have not predicated the age at which I retire based on how NZO does… but it's a fun stock to have. (I'm over 18 and I can break the 'rules' if I want)
Anyway - that's the Tao of Casa.
It is a great sight out of our window at the bright lights of Ensco 107 and her 2 tugs brilliantly lit up while moored close in in Tasman Bay. Apparently sheltering from weather whilst inbetween drills at Taranaki - presumably Maari.
Is the correct Oiler?
Nelson seeing quite a bit of drill activity of late and looking good for servicing matters.
Cheers
http://www.stuff.co.nz/dominionpost/4693783a6034.html
Basin excites oil officials
By JAMES WEIR - The Dominion Post | Tuesday, 16 September 2008
The Raukumara basin off the North Island's East Coast is looking "very useful" and may encourage European oil giants to have a second look at New Zealand, according to Associate Energy Minster Harry Duynhoven.
New Zealand would depend on oil for some time and significant opportunities existed for the oil sector with the Raukumara basin the next to be opened for exploration, Mr Duynhoven told an Energy Summit conference in Wellington yesterday.
Raukumara was interesting and had the potential to be very productive, he said, though he would not give an estimate of its potential.
"The officials are very excited by it and these are not easy people to excite."
Crown Mineral papers suggested the basin could hold possible reserves of billions of barrels of oil.
GNS exploration geophysicist Chris Uruski said of Raukumara: "There could be about 50 billion barrels."
International oil prices are down to a six-month low of just under US$100 a barrel. The price is down about a third on the recent peak of US$147 a barrel in July.
Mr Duynhoven said the offer to get exploration work proposals for Raukumara was expected to be made to the exploration industry in the next few months, possibly slipping into January or February next year, if a new government had a stock take.
A couple of European major oil companies were interested in the Great South Basin off the South Island and may return for another look at Raukumara, which had shallower water.
"It is looking very good from the type of geology expected, given the seismic done so far and the indications it should be a very productive area."
Mr Duynhoven said the oil sector was particularly buoyant, with four big projects at or near fruition.
The Tui and Pohokura fields were in production and Kupe and Maari were due to start producing soon.
Peak production from the fields was expected in 2010 and the fields would add about 140 million barrels of new reserves.
Exploration continued in the Great South Basin and work proposed in the first five years was expected to be worth $1.2 billion, Mr Duynhoven said.
American oil giant Exxon Mobil and Austria's OMV were exploring the Great South Basin, and a decision on drilling was expected in 2010.