NZ Oil & Gas (NZO)

[Beagle]

Agree totally with you. What Forbar recommends - you avoid.

Forbar = lousy research so they structure issues to inhouse and long term captive clients which are total duds and complete disasters like Credit Sails ("we are just brokers to the issue" "yeah right"), Feltex and SCF preference shares as you mentioned.

Forbar = a lame horse which keeps coming last.

A diehard Nogger Like McDouall Stuart calling it quits - very telling. One thinks they finally woke up to the fact that this is a stock in terminal decline.

Cheers Pal, Here's a little bit of light hearted Christmas season fiction for your amusement..extract from the Forsyth Barr Investment Update October 2010 newsletter sent to clients, (and former clients ?), anyway here's how this goes...
Next year Forsyth Barr celebrates its 75th year of operation. Throughout our history, our Board has always been comprised of people committed to the highest ethical standards and best practices in governance to ensure the firm has been well placed to respond to market conditions and opportunities. This continues to the current day where we are fortunate to have some of New Zealand's most talented business people providing sound governance and strategic direction for the firm

How did that Tui beer add go again, oh yes...YEAH RIGHT

[fabs]

To be fair to them Roger,
every broker of F/B have over the years greeted interest in T. Radfords Cos. with derision.
I, by the way am very pleased with having, despite some ups and downs done extremely well out Tony s co,s.
As always,matter of vigilance and timing, yes and good luck i guess.

[Beagle]

To be fair to them Roger,
every broker of F/B have over the years greeted interest in T. Radfords Cos. with derision.
I, by the way am very pleased with having, despite some ups and downs done extremely well out Tony s co,s.
As always,matter of vigilance and timing, yes and good luck i guess.

I have to conceed its possible to trade almost any share and with enough skill, luck and timing you can make money but NZO were $1.75 this time last year, they had a huge influx of capital in 2009 with option excercise at $1.50 and Noggers with short memories might be interested to know NZO were $1.40 in 1982. (That last figure should make for a grim reality check for any recently converted NOG enthusiast).

[DoctorG]

Noggers with short memories might be interested to know NZO were $1.40 in 1982.

I am not a Nogger yet, but I think I could be soon.
NZO will bounce back up to there 1982 prices in no time.
Or will they just keep going down now.

[fish]

Noggers with short memories might be interested to know NZO were $1.40 in 1982.

I am not a Nogger yet, but I think I could be soon.
NZO will bounce back up to there 1982 prices in no time.
Or will they just keep going down now.

I wouldnt take too long making up your mind
SP is rising and twice as many buyers as sellers

[Balance]

I wouldnt take too long making up your mind
SP is rising and twice as many buyers as sellers

With a few big sellers just waiting in the wings.

[fish]

With a few big sellers just waiting in the wings.

Dont forget we have big buyers eg acc-not waiting but actually buying . Also the buy-back has started again and the price of oil is going up . More upside than downside I would say .

[fabs]

Here we go again.

[Balance]

Dangerous for short -term traders but good buying at present for those prepared to invest for 1 year plus horizons .
. Tapis is creeping up - now $86 us .

Posted by Fish on 10 August 2010 - just so that the newbies know.

Guess what the Sp was then?

[fish]

Posted by Fish on 10 August 2010 - just so that the newbies know.

Guess what the Sp was then?

An honest and true statement at the time .
Tapis has continued to creep up-now nudging $100 us
I just lack the perfect hindsight to predict the prc tragedy -no doubt you knew it was going to happen