Thought I would block all -ve posters as I have heard it for years - then I realised there would only be one page per month!
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Thought I would block all -ve posters as I have heard it for years - then I realised there would only be one page per month!
Yeah I suppose up 4% in a couple of months, (annulised return 24%) probably is pretty boring but then again at least I can trust the management and know it will grow strongly over time, besides seeing I pounded twice as much into Cape Lambert CFE on the ASX and its up from 50 cents to 68 cents, (36%) in two months, that manages to avoid the boredom quite well :)...but hang in there I'm sure NZO will come right one day, maybe crude will go to $200 ?...I'd better leave this thread before I get flamed to death by the long sufferring NZO faithful...(dodges the flames and slinks away to make money in properly managed companies)
Sounds like Peak-Oil has been deferred ...
A new drilling technique is opening up vast fields of previously out-of-reach oil in the western United States, helping reverse a two-decade decline in domestic production of crude.
Companies are investing billions of dollars to get at oil deposits scattered across North Dakota, Colorado, Texas and California. By 2015, oil executives and analysts say, the new fields could yield as much as 2 million barrels of oil a day -- more than the entire Gulf of Mexico produces now.
http://www.nzherald.co.nz/business/n...ectid=10705344
Interesting snippet out of that article....
I see an opportunity here........:p:pQuote:
The influx of mostly male workers to the region has left local men lamenting a lack of women
There is controversy over this technique - look for a DVD called Gasland
It's a bit old hat, really... For potential blue sky stocks, check out some of the smaller companies such as Northern Oil & Gas, Samson and my own personal favourite Voyager... Note that for the sentimental among us Northern's ticker is NOG, so that in itself may be enough for some... :o)
This refers to the practice of fracking. Given that this practice often causes ground water pollution, miners would have a hard time in NZ convincing authorities that this was a sustainable practice under the Resource Management Act.
http://en.wikipedia.org/wiki/Fracking
Boop boop de do
Marilyn
I don't object to notie et al being negative, after all we need to be open to all information, I just wish they'd say something substantive rather than just cheap value judgements.