Unicorn,
Is not cash King in troubled times .......
There could be heaps of oil assets looking for buyers at knock down prices .....
NZOG could make some very good strategic purchases ..... but needs to get timing right.
If we are heading into a full blown recession then NZOG should keep its powder dry untill the global economy hits the bottom at which time oil prices and oil assets will be at their lowest.
For the time being methinks NZOG shold be playing a waiting game to see how the US shambles unfolds.
And with NZOG's strong cash flows, Pike coal on the way plus Kupe coming into view, the share price looks likely to perform well against comparison with other shares and asset classes.
Z
.