....$1.30 being offered, but looks like the saps who bought in at $1.38 won't take anything less that $1.33....
A. What's going on?
B. Instant downtrend.
.....I demand an NZX enquiry!!!!!!!!!!!!
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....$1.30 being offered, but looks like the saps who bought in at $1.38 won't take anything less that $1.33....
A. What's going on?
B. Instant downtrend.
.....I demand an NZX enquiry!!!!!!!!!!!!
If we didn't strike oil this afternoon, then the market will indeed get the glums, but the financial results at the end of the month should paint a much prettier picture than last time, and if Pike gets its shipment off on time then that could help too.
The problem is that the true believers are holding all they can afford, and the big fish are content to wait for the dips, so a dry hole at Kahu could push the price right back down towards $1.20. Great buying at that.
Yup, a big dry hole will get the price down to $1.20 on a heap of small trades, then some piece of 'good' news will see if spike right up as every man and his dog comes racing in, then there will be a piece of 'bad' news, at which point the share price will start to go down systematically on small trades, at which point they'll be a piece of 'good' news......you get the picture.....meanwhile the company will just keep ticking along at a steady rate of oil and gas production, while the rollercoaster goes up and down, up and down.
Pike? Ah, the great unknown. 17.6 million tonnes of coal, and we know they've got 20,000 tonnes out so far because that coal got shipped to India. Now they just need to get the other 17.58 million tonnes out.
$1.30 at close after a mighty rise yesterday!! A very cheeky question to share traders-Did any one buy NZO in the last few days?
Dubious research, on my part, but much less work than oars.
If there was flaring off today it may have been between 4 and 5pm.
Does hot smoke look like rain to a radar?
A gentle northeasterly today and cooling land mass after 5pm.
http://metservice.com/national/maps-...ain-last-6-hrs
V.
SP @ $1.28....the markets got the glums again. PRC down a bit too. Those muppets at the mine with their 20,000 tonnes of coal to date are weighing heavily on everyone.
Here is my offical drilling report for Kahu-1.
Simple if it were a complete success we would have heard so by now.Also if a complete fauilure we would have been informed. So that means it is a small find that needs extra ana-lising to see if commerical. At 200 dollars a barrell we have a few of these wells that will be economic. Tieke and Taranui are just unecomic but will be in a different catagory whem oil is higher than today.
Well that is my pick for Kahu-1