NZ Oil & Gas (NZO)

[digger]

What happened to the share buy back plan? Why dont they do it when the share price is much lower? They haven't communicated the reason why NZO stopped buying back shares. NZO got the award for the best communicator not so long ago!

A share buy back was worth a try but it is no where as good as a dividend for showing the value of NZO. As i said before a buyback is more rewarding to the leavers of the company and really has minual value to the stayers. A dvidend does far more to support the SP by giving a yield.
In the last few years the world has significantly changed,and i now believe this new economic order will be the case for at least the rest of my time on this planet. Most of the last 100 years real wealth winners were involved in capital gain,and i suspect most of us here have in one way or another enjoyed the ride. That i believe has now gone for the foeseeable future and now it is back to the old old old fashion yield. That is why we need a dividend.

[Balance]

That is why we need a dividend.

Say all you want, Digger but you will not get a regular dividend from this crowd. They are too busy holding onto the cash, especially the $250m raised from shareholders, and busy squandering it on bad investments.

[Billy Boy]

[QUOTE=Awamoa;352821]Reminds me of a chap I used to work with who punted the horses.He was very vocal about his wins and never mentioned the losses.Unquote]

Or what is cost to get those winnings !!!!
Same goes for those Pokie Machines .

I think NOG is running down the same theme.
Time is allmost up Mr. NOG Man.
BB

[LIO]

I understood that the dividend payment was suspended for this year, due to Pike River and associated expenses. We were not told that dividends would cease permanently. Wouldn't Kupe alone support a dividend ?

[Balance]

[
Tapis at a new record-now over us $148

NZO attracting lots buyers and selling pressure declining

I feel the rise in sp during july will be very rapid and the quarterly profit announcement at the end july will be phenomenal .

Lets hope no one here makes the mistake of selling a rising stock-as some did with prc.

If selling pressure continues to subside the institutions might have to pay a more reasonable price to get in .

IMO nzo at current conventional valuation of assets is about $3 but as a successful company 30 yrs experience and knowledge is worth double that .

This is the kind of unbridled exuberance which allowed NZOG to pull in another $197.3m from shareholders.

[neopoleII]

page 559 on this thread is a year ago...... reading it now one year on tells me alot about management,
what can we, as small / er holders do about it?
and who are the entities that control large voting stock....... and what are their goals in supporting the boards horrendous direction? this is just going on and on...... and the direction the board chooses just keeps getting voted for.
if my large investment (for me) wasnt on the line i'd be laughing at the fiasco that is slowly rolling along.......
what makes me question my sanity is the large voting blocks supporting this all along..... thats alot of money being evaporated...... which belongs to some one who is voting yes to the board.

[Balance]

page 559 on this thread is a year ago...... reading it now one year on tells me alot about management,
what can we, as small / er holders do about it?
and who are the entities that control large voting stock....... and what are their goals in supporting the boards horrendous direction? this is just going on and on...... and the direction the board chooses just keeps getting voted for.
if my large investment (for me) wasnt on the line i'd be laughing at the fiasco that is slowly rolling along.......
what makes me question my sanity is the large voting blocks supporting this all along..... thats alot of money being evaporated...... which belongs to some one who is voting yes to the board.

A bunch of lame duck institutional investors looking after other people's money, behaving just like NZOG's directors and management - big salaries, perks and couldn't give a hoot.

Why would they want to draw attention to their glaring failure to invest in a real oil and gas company?

[blockhead]

You been loading up this morning (un) Balanced ????

[LIO]

Agree Blockhead. There certainly have been a few grizzles from various posters lately. However, the persistent and repetitive attacks from 'Balance' suggest a hidden agenda. The more of these I hear, the less likely I am to part with my shares !

[J R Ewing]

I don't see why Balance would need to down ramp in order to get a cheap entry point, the sp seems to be heading low enough all by itself! Clearly Balance isn't a fan of NZO board and management, but the patience of some very long term holders is wearing thin and it is hard to find much to be enthusiastic about at present.