Yes. I go along with that Nita.
I know this is the NZO thread but I'll be looking hard at some more PPP if they get any cheaper.
;)
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Yes. I go along with that Nita.
I know this is the NZO thread but I'll be looking hard at some more PPP if they get any cheaper.
;)
A downtrend this year leading up to a crash after the olympics was my prediction with leave your money in the bank if you find a safe one. All ships go down with the falling tide, the brain dead will still work out profit margins, and PE ratios in a crashing market.
Looks like a real hiding in the market about to front up today. Macdunk
Duncan Macgregor,
Recent and current history has shown that you turned out to be the best prophet on the direction of world markets. Your only small failing is that you guessed oil to 200 then this crash.That prophesy turned out considerably better than mine and more accurate than anyone elses i have read on from this sharemarket group.
My own belief that after the olympics China's reentry into oil buying would send WTI back up has been blown out of the water by the finanical chaos now ruling the world. The US as we all knew were hughly waistful in there use of oil and had a lot of room for efficiency gains,Well they are starting down that track thanks to money concerns and are reported to be using up to 5% less oil than last year. They probably will be able to economise in this manner for a few more years before the eventual non discressionary oil base is hit. About then the world will be in the sh-it big time as currently WTI is approaching it's new discovery limit,with canadian tar sands now requiring 85. If the world goes too long down an immediate short term path ,the cruel outcome will be much worse than what we are now facing.This planet can not afford to stop drilling or abandon alternative enegry developments.
So Duncan Macgregor i take my hat off to you on this very important call.
Can you now perhaps after a short head swelling show some humbleness and donate a small part of your vast cash stockpile to the more foolish us use that remained fully invested.
Cheers Digger
maybe the fall of op will cause a rig to become available [and at a cheaper cost] for tui drilling next year
m
Now in the long term that would be the way to go.Question is in this crasy world is anyone thinking long term.
My biggest hope is that NZO have not already tied themselves up to some acquistion.When i was at the welligton office on the 16 sept,DS was having a constant supply of deals put before him.The way things are going the best outcome will be if we did nothing.The world now belongs to whoever has a bit of spare cash. I will email NZO and find out if the deal of the century has been missed by acting too soon.
Well done Digger. I was waiting for someone to bring up this exact scenario.
In an crazy way, what is happening at present is actually making companies like NZO, AWE and PPP much stronger. These companies will be able to farm in, take over other spec stocks that have a credit problem.
You make the perfect point about alternative energy solutions being put back by the price of oil declining which will only have a more adverse affect in the next few years.
Short to medium term i think AWE and PPP are screaming buys. NZO not too far behind.
Recomendation. Buy PPP at NZ0.22 Buy AWE at AU2.20
Duncan.. Check these prices out at 31st Dec 08 for the short term.
Discl. hold. Also i am not a financial expert so please DYOR
NZO's graph looks like it is heading for $1.00. :eek:
I have just received back the news from Chris Roberts that i was so hoping to hear.
Bacically the company has ongoing committments to increasing the fluid capacity of the Umuroa and cost still towards Kupe.However the very good news is that the company has so far made no acquistion committments and in fact is still exploring this area.To my thinking that is better news than Pike stricking first coal.
Cheers Digger
I am assuming there will be plenty of people with leveraging in NZO who are force sellers? I recall posters on here talking about mortgaging their houses to buy NZO not too long back.