Long time since weve seen over $100
From NZOG website....
Week ended 15/05/09
Average Tapis Price US$59.94
$NZ Equivalent NZ$102.44
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Long time since weve seen over $100
From NZOG website....
Week ended 15/05/09
Average Tapis Price US$59.94
$NZ Equivalent NZ$102.44
Long and reasonably continous ramp up from the lows in the recession beginning. Major countires still somewhat belly up and yet West Texas beyond $60 already - - Future? -- Could be so bright for NOG, they will hand out sunglasses at the next AGM.
Roll on Tui Drill,
Kupe,
Kupe Drill,
Pike,
And as a side snack - Romania.
Hopefully chocolate cakes as well .
Fully agree-in around 3 months time with kupe producing as well as Tui -nzo could be back to having an income close to 1 million dollars a day . Then on top of this cake we might have a nice chocolate icing from PRC .
It seems strange that when we are so close sellers outnumber buyers with a sp of only $1.50 .
Notice nzog is up 7 cents AU-taken from nzog website just now
When I first joined this site it was courtesy of Gordon Ward, GM of NZO. ( possibly 7 years ago? )
Learnt a lot from you guys since then. For which thanks.
NZO would have to be one of the soundest oilers in the world ( I was thinking of Australasia.). Buy some.
I even managed to get my darling wife to buy this one! ( and man, she used to hate me dabbling in shares! .......I had some pretty severe losses in 1987-89, if you get my meaning )
NZO Just a matter of time.
You are very humble Bermuda...
I think alot of credit needs to go to you...
im sure there are thousands and thousands of people, and readers of these forums have done well from your advice (financial, and knowledge gained), at different stages... and I am definately one of them...
Ive only been here 2.5 years...
and boy, in that time
you have consistantly proven to be a stock magician like nothing else.....
rabbit in a hat type stuff...
you have a proven record even in the bad times when others like myself got it wrong...
NZO is a "thanks for coming type investment"...
bring back NZO options... they were fun...
:cool:
.^sc
Absolutely agree with you Shrewd. Always enjoy and respect Bermuda's posts.
[QUOTE=777;256671]Still at about 1.47 to 1.49 NZ. May have had a low trade last night. Still the way the barrel price is going it may be regular thing. Lets hope so.[/QUO
A pleasant surprise with the sp dropping to $1.46 at close -so bought some more even though I am overweight in them
I have this argument all the time. I say you are underweight in oil if, considering all your mokopuna and their future needs, you are worried about the rising cost of fuel. Young Shrewdie may have a different perspective but in my family circumstances we need about 20,000 barrels of oil reserves wrapped up to be neutral about the price of oil. After that we can put 10% of our portfolio into a rattling good share on financial grounds alone. Only after that are we overweight.
Disclosure - Grossly underweight in wine.