NZ Oil & Gas (NZO)

[Balance]

Great buying when the have strongly hinted they will return to paying a good dividend most likely 5c or more . SItting on a PE ratio of about 3 and a Enterprise value of about 100 million with revenue of about 100million! ( very loose estimate)

Miners are not valued on PE.

Try cashflow and reserves.

Broking firms estimate (yes, estimate) value at between $1.05 to $1.35.

Huge discount applied due to mismanagement and poor track record.

[bung5]

Miners are not valued on PE.

says who? Doesn't provide a full picture because of the limited years of revenue on reserves. but it tells you the price paid for a share relative to the current net income or profit

[moggie]

Saw this on a Oil & Gas ranking commentary:

'Unfortunately, NZOG (NZO) is a slow moving entity which is unlikely to change its
spots and create value for shareholders. The company receives good long term cash
flow from Tui oil and Kupe gas, but seems content to just pay salaries to its
management and Board.'

Looking at some of the older posts, it seems to sum up NZO.....

[tobo]

Moggie,
where did you see this?

[moggie]

Moggie,
where did you see this?

It is from a Stock Analysis report:

http://www.stockanalysis.com.au/samples.htm

Click on:

Volume 8

Issue 32

October 19th 2011

494kb

[blockhead]

NZO
18/11/2011 09:17
OFFICE

REL: 0917 HRS New Zealand Oil and Gas Limited

OFFICE: NZO: New NZOG CEO Appointed

NZOG (New Zealand Oil & Gas Ltd) announces the appointment of Andrew Knight
as its new Chief Executive Officer, effective 1 December 2011.

Andrew is currently a non-executive director of NZOG. He is also a director
of Powerco Limited and several privately held investment companies.

Andrew's previous career includes senior executive roles with Vector, Natural
Gas Corporation and The Australian Gas Light Company, in addition to roles
with Fletcher Challenge Energy and Coopers & Lybrand.

The NZOG Board completed a comprehensive search process and received strong
interest from international and domestic candidates.

The Board would like to express its thanks to David Salisbury for his service
to the company as CEO for almost five years and his undiminished commitment
whilst the Board undertook the recruitment process.
End CA:00216499 For:NZO Type:OFFICE Time:2011-11-18 09:17:35

[brucey09]

Snrs.
Excellente choose. Intelligent person.

[Rabbi]

Snrs.
Excellente choose. Intelligent person.

Not an experienced CEO of an oil and gas company but worked for natural Gas and Fletcher energy. He's left with a legacy of missed opportunities, bad luck and wasted cash flow. I await his statement of intent as to what direction NZO should be heading to realise value for shareholders.
The appointment itself should reassure the market.

[fabs]

What, recruited from there own ranks for the 1/2 Mil. plus per an. position?
How Bizarre.
Clearly no intention to change anything, lets hope what worked for J.HENRY works for NZO
Any takers they do it in less than 4 years or ever?

[notie]

What, recruited from there own ranks for the 1/2 Mil. plus per an. position?
How Bizarre.
Clearly no intention to change anything, lets hope what worked for J.HENRY works for NZO
Any takers they do it in less than 4 years or ever?

Bizarre alright! Hire some HR firm to search the world then settle on someone from the existing BOD. Talk about keep it in the family. Expect nothing really to change at nzog.

I see they only drilling action they were going to be involved in has now slipped to the end of 2012 (at least) with kakapo drilling now being deferred. So it looks as if they will sit around and burn more investor's cash in the meantime.