Originally Posted by
Sehnsucht888
I see the brokers are still giving their vote for NZO.
February 2009 broker views on NZOs site:
Credit Suisse outperform valuation of NZ$1.72 target NZ$1.90
Forsyth Barr buy valuation of NZ$1.74
ABN AMRO buy valuation of NZ$1.70
Macquarie outperform valuation of NZ$1.90
All but Macquaries are dated after the rock fall at Pike too, so its either factored in already, or not considered significant to effect price much.
Plenty of upside here providing oil doesn't tank, and things settle down. Article in the dominion yesterday I think commenting that Opec thought that current prices are still too low to sustain, and talking about more cuts, so significant drops are unlikely in the medium term.