lol:D...................................
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thanks nita,Quote:
nita- all in all i think Shewdy has got you byt the short and wrinkly
there are many paths to success... there is not one correct path...
Mackdunk just chooses to invest when the odds are in his favour of doing so.....
that does not mean that that path is better... in fact my path has been more profitable... that also does not mean my path is better than his...
Because eg, Mackdunk would have stopped me out on CTP, and AKK much earlier...
I, on the other hand need a good kick in the pants for getting back into the market disclosing getting out 3rd quarter last year... I did not know how to react...
you just got to learn these things for yourself...
there are guaranteed losses along the way... even mackdunk has had losses...(we wont go into that)...
many many many resource stocks on the ASX have fallen 80%...
consider yourself very lucky that you are holding NZO...
consider yourself lucky that you did not lose the entire investment... consider yourself lucky that you are in a good position to gain back all the losses and then some...
mackdunk should be giving it up to us... instead we get otherwise...
Ive come to expect nothing less from him...
my dad put 5k into a company called judge in 1987... and he lost the lot...
come on people? how many companies are really going under this time?
we have had a special crash... a crash so special that in a few years we wont even realise we had a 2008 depression (the way the market reacted)...
and remember, no path to success is right/or wrong... its up to the individual to determine their own destiny...
I can weather this... I (think) I can see what is coming...
get your red 'bull' ordered now, because they will be out of stock soon...hehehe...
read the peak oil thread... the hard facts are there...
good luck in these testing times as we gain back our losing positions...
later all...
Im out...
:cool:
.^sc
Dear McDunck
Given that I am a new member I hope that you can take the following in good jest and assure you that I ask it in utmost respect.
Observation
You seem almost driven to convince follow members of your immense investment superiority.
Question
Do you have a ..... um ....:o size issue ;)
Dragonz. Very observant on both points. (nice change on the font size as well)
What is your observation on the current oil prices and demand. Expect more selling pressure short term then everyone caught with their pants down in a few years? Looking at future oil prices they are at a very significant premium which adds more fuel (no pun intended) to the fire.
Regards
Nita
WTI Crude Oil up strongly today at $70
Go Obama!:D
Hi Nita
Yep I think you may be right. Short term may well see oil hit $50 before $100 but long term who knows. I tend to be half-way between Skol and Burmuda (both quality posters) who whilst both on the opposite ends of the " Peak Oil Debate" make a lot of sense. Sooo many Variables (demand destruction versus emerging economies) and uncharted waters (alternatives and lifestyle changes).
New Zealand Oil & Gas Ltd (NZOG) and Vector Ltd are pleased to announce that they have
entered into an agreement for Vector to purchase NZOG’s ongoing daily entitlement to
Liquid Petroleum Gas (LPG) that will be produced from the Kupe field in Taranaki.
The sales agreement is conditional upon the Kupe joint venture parties reaching a
satisfactory agreement on the operational procedures for each party to take or “lift” its
LPG entitlement from the field.
NZOG is a 15% partner in the Kupe Project. When Kupe begins production next year it will
produce sales gas (which has been sold on a long term contract to Genesis), light
oil/condensate (which will be exported from the Port of Taranaki) and LPG.
On a proven and probable (2P) basis, NZOG’s total entitlement to Kupe LPG is currently
estimated to be 165,000 tonnes.
The financial details of the sales agreement are confidential but Vector has agreed to
take NZOG’s LPG entitlement of approximately 15,000 tonnes per annum for an initial term
of 10 years. This term can be extended for up to another 5 years. The LPG will be
retailed through Vector’s subsidiary On Gas.
NZOG Chief Executive David Salisbury said the sales agreement is a great outcome for
NZOG.
“We are delighted to have concluded a long term arrangement for the sale of our Kupe LPG
at competitive prices and with a highly regarded business partner.”
Vector Group Chief Executive Officer Simon Mackenzie agreed and said that the contract is
a valuable addition to Vector’s existing LPG entitlements at Kapuni, allowing Vector to
maintain a competitive position in the LPG market.
“This contract displaces LPG that would have otherwise been imported, with New Zealand
sourced gas; an important consideration at times of volatile energy prices and exchange
rates and concerns around security of energy supply,” said Mr Mackenzie.
It amazes me how the share price remarkbly goes up just prior to the announcement...of course theres not insider trading.