Steve
Can i introduce you to the Sharetrader oil "experts"
Bermuda
Oiler
Coaster
Digger
Blockhead
Shrewd Crude
Mattyroo
I respect the views of these posters on all things oil & gas, they know what they are talking about :cool:
Printable View
And at least two of them are fair dinkum nice fellas too.;)
"This week's issue is attached.
With the price of oil making weekly record highs and interest returning to the sector we would be quite happy for subscribers to distribute this week's issue of the OGW to friends, brokers, clients, oil company execs, fund mangers etc... anybody whom you think might be interested in subscribing.
We would like to expand the current customer base of some 300 but can't really afford to take out ads in the AFR or other journals. So any help subscribers can give us would be most welcome.
There are exciting times ahead for investors in oil and gas. You only have to listen to this weeks Big Picture coverage of the world oil situation from www.financialsense.com to appreciate the energy crisis that lies ahead. It makes very compelling listening".
Balanced view on Coal Seam Gas (I am more bullish) in report! Worth a listen to pod cast.
F.D.
Hey FD, I will subscribe. Thanks. :)
Thanks for that, very interesting... Glad CSG gets a good mention, I've just acquired some BOW.
In the report I noticed this:
They sold their NZOOD's at 6.2c! Ouch, thats 50% off what they're at now (I'm actually in a similar boat but not quite as bad!)Quote:
Our Quest to Make a Million Dollars
Our goal is to take a specific sum of money and double it a number of times
to make a $1million before tax. $10,000 doubled eight times will do it. A
$20,000 initial investment needs to be doubled seven times, a $40,000
investment six times.
We have three Portfolios in the program, one at each entry level.
Our initial Portfolio A investment was 150,000 New Zealand Oil & Gas
Options (NZOO) purchased at 7 cents. We bought a further 200,000 NZOO at
4.4 cents when the market bombed adding 200,000 options and an additional
$8,800 to our original investment to bring our initial outlay to $19,300. This
is not a portfolio for the faint hearted!
NZOO traded as high as 6.6 cents this past week before closing at 5.8 cents.
We sold 100,000 of our 350,000 at 6.2 cents as we said we would last week.
So we now have $6,200 in cash in the portfolio and 250,000 options with a
value of $14,500 cents bringing our total investment to $20,700. So we are
just keeping our nose in front.
Our Portfolio B investment was 500,000 Pancontinental shares (PCL) at 4.2
for an original stake of $21,000. PCL shares closed at 3.7 cents on Friday
making our stake now worth $18,500. We have made up some ground here
too and are now down only $2,500.
Our Portfolio C investment was 40,000 NZO head shares at $1.02. They
closed Friday at $1.26 so we have held, indeed added to our gains in this
portfolio. The value of this asset has now risen to $50,400.
Our Portfolios
Investment Portfolio A Portfolio B Portfolio C
$10,000
$20,000 $19,300 14 Jan $21,000 3 Jan*
now $20,700 Now $18,500
$40,000 $40,800 * 3 Jan
Now $50,400
$80,000
$160,000
$320,000
$640,000
$1,280,000
* Original investment.
We continue to have faith in New Zealand Oil and Gas for all the reasons
we have outlined in recent issues of the OGW. Macquarie Bank recently
initiated coverage of the stock with an “outperform” recommendation.
Is it my imagination or are some of these aussie small/med cap oilers and miners looking very cheap? Oil prices continue to trend up but the oilers sp stay the same?
I toped up some more oil stocks today. Couldnt help myself, they are looking so cheap. Am I missing anything?
Stocks I currently own in the portfolio.
ADY/IPM/LST/PRC/NZO