NZ Oil & Gas (NZO)

[dodgy]

Dodgy - they already have 20 pc that's more than 10 pc already!

Hi Tim
Sorry my error - typo. Should have read 100%. My understanding was that they were trying for a take over?
-d

[tim23]

I think they are okay with partial takeover it's not an aggressive play

[dodgy]

I think they are okay with partial takeover it's not an aggressive play

Hi tim23
You are quite right - I think they are on record as being happy with about the remaining Todd share. It just reinforces my stance that they are wallying about - not quite sure what is best but shoot at anything that may move. Argument has been proposed that AK just wants the detailed research data and scans to leverage an advantage in Taranaki but I can't see any % held in Cue providing any data availability. Cue is a very minor player Maari included. So why would the other participants give the crown jewels to an opposition company NZO, allowing enhanced future competitive block bidding.
-dodgy
Discl: Current hold NZO and Cue.

[dsurf]

[QUOTE=fish;559095]

Its a great time to pick up cheap oil assets and good to choose a company with cash and assets.
I think ppp could be next

In 2009 at the time of the GFC & after raising money at $1.50 per share would have been better! Looks like buy high very very late.

[dodgy]

Hi Guys
Looks like another top shelf governance / management decision. Buy back the punters $1.50 shares for 75c and then the market settles below $0.60. This was always on the cards. Buy backs of this nature are never that successful. About time some accountability? Maybe Digger could threaten tractor based mayhem. Threats seem to be the flavour of the day, milk to politicians and Kauri climbing. Seriously, this ship appears seriously rudderless. Where to from here?
Ideas?
-d

Discl: Current holding - too many for comfort.

[barleeni]

Slightly off topic, but I hope that's not an issue. I have been loosely monitoring the Cue on market acquisition progress, and notice that the number of buyers at $0.10 fluctuates, and is now up to 8 (refer depth on ASB Securities site). But these 'other' 7 buyers are playing a futile game are they not? Doesn't NZO's bid at $0.10 take precedence if it was placed first, or is that not how it works? i.e. wouldn't NZO's full order have to go through at $0.10 before these other 7 got a crack at any shares offered for sale at $0.10 ?!?! im confused?! (easily done mind)

[dodgy]

Slightly off topic, but I hope that's not an issue. I have been loosely monitoring the Cue on market acquisition progress, and notice that the number of buyers at $0.10 fluctuates, and is now up to 8 (refer depth on ASB Securities site). But these 'other' 7 buyers are playing a futile game are they not? Doesn't NZO's bid at $0.10 take precedence if it was placed first, or is that not how it works? i.e. wouldn't NZO's full order have to go through at $0.10 before these other 7 got a crack at any shares offered for sale at $0.10 ?!?! im confused?! (easily done mind)

Hi Barleeni
Yes 100% - first in best dressed.
Fill no 1 then the rest get their go - in theory, however I am not sure it happens every time.
-d

[Snow Leopard]

NZO gets kicked out of NZX50 at the end of next week

Best Wishes
Paper Tiger

PS: If the broker of a buyer at $0.10 has a seller at $0.10 I think he match up internally before going out to the market. So the NZO cheeky-bid may not get everything.

PPS: Don't quote me on the above - I am not totally sure of this for the ASX.

[dodgy]

NZO gets kicked out of NZX50 at the end of next week

Best Wishes
Paper Tiger

PS: If the broker of a buyer at $0.10 has a seller at $0.10 I think he match up internally before going out to the market. So the NZO cheeky-bid may not get everything.

PPS: Don't quote me on the above - I am not totally sure of this for the ASX.

Hi Paper Tiger
I agree but if the internal (off market) transfer was made by a broker - matched , then would the trade show as waiting "on market" on the buy side or be "invisible".
Regards
-d

[Snow Leopard]

Hi Paper Tiger
I agree but if the internal (off market) transfer was made by a broker - matched , then would the trade show as waiting "on market" on the buy side or be "invisible".
Regards
-d

The buy order would/could an 'ordinary' order in the queue until such time as it was completed.

Best Wishes
Paper Tiger