Originally Posted by
bermuda
Hi Taijon,
I cant buy back in otherwise I might be had up for sharetrading. I used to have a totally useless portfolio of about 20 stocks that I had compiled through Broker recommendations and tips from friends. Then I read that book about the Gnomes of Zurich and did some thorough research on about 40 oilers. One of them stood out.
NZO at 26 cents.
So in keeping with the book's philosophy I sold all my stocks and bought over a million NZO. A few years later I was able to retire. Since then all I do is study oilers and occasionally I see something I really like and accordingly I now own NZO, PRC, BOW, PES, RPM, VPE, VPEO and TEX. This Coal Seam Gas is the fuel of the future in Queensland and I have half a mind to ask NZO to take VPE out. They could with all the cash they are getting from Tui. ( there is a rumour around that AWE are lining up a Coal Seam Gas investment)
This Queensland CSG is attracting worldwide interest from Japan, Britain and India with plans to liquify it and export it as LNG to an international market at ever increasing international prices. For instance British Gas has taken a 10% ( increasing to 20%) in Queensland Gas ( QGC ) and just yesterday British Gas secured the rights to supply the burgeoning Singapore market with LNG out to 2020,, and they outbid Woodsides to do it.
This CSG is big and has the backing of Rudd also who wants to reduce the amount of coal fired electricity. CSG is much much cleaner. But that aint nothing compared to what's going to happen with the export of LNG.
That's why I am into BOW, RPM, PES and VPE. These fellows also have a pretty useful oil program as well. (with Santos )
But hey, PPP will get taken out and you will get your rewards. And as you know NZO has stardom written all over it. But for pure leverage I am very happy with these CSG babies. Cheers