Guys stop giving MD heaps, the poor fella might have a heart attack or something.
Anyway MD, your stop loss must have taken you out of CUE by now?
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Guys stop giving MD heaps, the poor fella might have a heart attack or something.
Anyway MD, your stop loss must have taken you out of CUE by now?
SHANE No fears about a heart attack mate i love baiting the tall poppy bashers for ages. With an illiquid share like CUE you cant buy in or get out in a hurry its purely get it right or pay the price for being wrong. Bought at 13.5c then another lot after the making the average at 14.5 the price is now 14c on a real bad day so no worries. Drilling delayed hence the price drop along with a lower oil price. I look to the oil price to trend up in the northern winter which should lift the NZO sp up to a lesser extent. The thrill of the drill is delayed guys give it a few more weeks then see if i got it right or wrong. Macdunk
Incidently noggers the NZO is down right now 5.7% CUE is down 1.5% at the moment
Macca. Put your calculator up for auction on ebay. It defies logic and will be worth a mint. As of this moment your stock has crumbled 1.5 cps and that equates to 9.7% drop today alone. One thing you got right is the stock selling at 14.0cps.
Now Nita can see how you can make 200% gains on stocks in 1 day almost each day of the week.
What Sarah Palin is to the Republican party Macca is to the sharetrader forum. lol
Now I recall Nita suggesting on this thread not very long ago that interantional oil would go down to $50 a barrel and other posters rubbishing her......
I see that Brent crude went down to $57 overnight so I think a few apologies to Nita are in order....
Yet NZO appears to be accumulated.
Duncan
Thanks for reminding me that in "normal times" the price of oil rose as we went into the northern winter. I think you're right in anticipating that it may rise as we enter the coming winter. The last couple of years of run away oil prices was driven more by traders than by good old supply and demand. The price behaviour has been abnormal. We are now entering a more sober period.
Having been in the workforce from the 1973 recession, and every one since, I marvel at my capacity to get caught up in the irrational exuberance and lose sight of the fundamentals.
As a largely buy-and-hold investor (rather than a trader), I think that anyone holding oil and gas shares in any of the emerging producers (AWE, NZO, INP, BPT, QGC etc) will be smiling in 5 years time. QGC came in for me last week. I don't follow/know much about CUE but from reading your posts and getting a gist of your decision making process, I have no doubt you'll do well.
The sun still shines and the glass is half full
ps. I just couldnt stand to see nzo not having a post for 2 days. Go nzo.. im with you
Good on you NITA the blue eyed brigade go quiet when they are getting a hiding. You can always have a bit of fun having a go at me to keep them amused. Oil companies are only exciting coming up to the thrill and drill. other than that they side track for long periods of time. Keep me informed when thats about to happen then i might join you at a later date. Macdunk
Noggers should be thankful Tui is all paid off and produced a decent chunk during the high oil prices.
Not so lucky for those involved in Maari.
Similar size field, 50m barrels off Taranaki, peak flow rate only 35000, and their drilling rig costing a huge $500K a day, and now oil has dropped below $60.
http://www.stuff.co.nz/4757777a13.html