Kupe next........
http://www.stuff.co.nz/4860139a13.html
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Kupe next........
http://www.stuff.co.nz/4860139a13.html
holy schkamollars...Quote:
bermuda-Look ,
I dont hold any but I am seriously looking at taking a big position. This is one of the best oil company's going forward.
Hey,
This was the company that led to me to bliss. It has got lots of legs yet.
Not just any legs either... daddy long legs...great big chompers...
:cool:
.^sc
Steady good news in the NZO camp over late - and as well on top of that - - could oil do a steady drive to $50 over the next month? Bottom scrubbed for weeks at late 30s but no further collapse, now signs are that US inventories trending down, gas consumption going up. Opec still watching closely to reduce output again. And (e.g) Cushing is around $42 at the mo.
End of drought?
I suspect we have a long way to go. A few months ago i picked a bottom of $38 for oil but now it could be any old number. Conversly oil could spike but i would only see it as tempory.
Still holding this stock not for the current oil prices but the value it brings to the shareholder
On that note, there was a strong rise in crude Oil overnight.:)
PRICE*CHANGE% CHANGETIMENymex Crude Future44.391.894.4516:22Dated Brent Spot44.931.242.8316:25WTI Cushing Spot45.223.528.4415:37
Could what ever is happening with PRC causing an effect on NZO? Whilst the POO has gone up overnight, that has had no effect on PPP, yet NZO is nudging $1.30 (up 5 cents.) So the main variable is PRC. Others thoughts.
[QUOTE=Rabbi;245245]On that note, there was a strong rise in crude Oil overnight.:)
Tapis us$51.85
nz dollar=us 50.65 cents
Production cost nz $15
gross profit at 3000 barrels a day is over 1/4 million dollars a day
Opec likely to make further production cuts in march
kupe production imminent
Its only a matter of time before nzo is recognised by investors as the place to be-Bermuda get back in quickly as the sp is far too cheap given its no debt ,regular income and massive cash reserve and future potential-are their any other nzx companies that match this ?
very low volume of shares being traded in ppp so im not sure that the rise can be attributed to prc. On the otherhand it looks as though prc will need to raise more capital so it seems bizar that nzo sp should increase when it looks as though its stake in prc would get diluted if rights issue goes ahead.
Why do you think Pike might need more capital, is it delay and repair costs? and/or other reasons? I seem to remember that NZO had a commitment to apply further funding. (Reason for asking is that at 80c - I'm tempted to start holding it but I can still see more downside).