Wouldn't this oiler stock be better?
[QUOTE=duncan macgregor; Reality for you and me comes hard, but at least we learn then move on. I only hope new to the market investors get a ballanced view and learn from all this. Macdunk[/QUOTE]
I'll leave it up to you guys to work it out, surely this quality ASX stock gives a much more diversified entry into oil/NZ fields, and also showing the beginnings of an uptrend/ not downwards like PPP & NZO
Notice- the squeezing of the bollingers with the start of an uptrend
(Bollinger squeeze shows eminent change)
Gross Returns for 6 months @ 47,000 bbl/day
$US80 per bbl Tapis = approx $NZ115 (at today's prices)
Lets see.... 47k bbl/day @ $NZ115 = $NZ5.4m per day (gross)
NOG's share @ 12.5% = $NZ675,625 per day = $20.268M per 30day month = $NZ60.8M over 3 months (gross).
Now if 47,000 bbl/day was kept up for even 6 months, that would be gross $NZ121.6M!!!
Ok, there are the running costs etc but my goodness!!
Pan Pacific's share is 10% and they would gross after 6 months $NZ97.2M at today's prices!
This has to be good
Hurricane season ends end of Oct? - price back to 70$
I love tapis at $80 but wonder if that can be kept up for more than a month with the hurricane season ending end of Oct? - Still at current prices would give 4 months at $72ish. Just in time for the AGM announcements & then PE calculations by the anal lisps