NZ Oil & Gas (NZO)

[digger]

With the KUPE upgrade announced today you can see why NZO has not began the buyback. That being that it could not begin when NZO was in possession of some knowledge that is not yet public knowledge.
Having said that I remain of the belief that a buyback is a poor use of funds when Acquisition is the better way to go. Buybacks just help the sellers that want out. An acquisition would give more reserves to holders for the money spent,
Cheers all.

[Anna Naum]

Todays announcement adds about 4cps of value, but its the lack of direction and HO expense that continues to be a drag on the SP

[Lion]

With long-term Kupe cash flow even more assured now, maybe it's time to think again about a dividend.

[Lion]

Todays announcement adds about 4cps of value, but its the lack of direction and HO expense that continues to be a drag on the SP

Up 4c on ASX this morning!

[Sideshow Bob]

1,136,514 shares bought in the buyback thus far. Can't say I'm a fan of the buyback.....

[ziggy415]

1,136,514 shares bought in the buyback thus far. Can't say I'm a fan of the buyback.....

thats 1,136,514 shares less that zeta have to pay for when they make a takeover offer.....its a takeover by stealth eh Balance

[fabs]

WHAT WOULD BE INTERESTING TO KNOW IS, WHY THE S/P NEEDS PROPPING UP WITH CONTINUING B/Bs.??
WHEN O/P SEEMS TO BE STEADY AND RISING PLUS THE S/MARKETS ALSO PRETTY FIRM & BUOYANT??

[Wiremu]

Fabs, from McKinsey's April 2016 article entitled "How share repurchases boost earnings without improving returns":-

Improving a company’s earnings per share can improve its return to shareholders. But the contribution of share repurchases is virtually nil.

[fabs]

Fabs, from McKinsey's April 2016 article entitled "How share repurchases boost earnings without improving returns":-

Improving a company’s earnings per share can improve its return to shareholders. But the contribution of share repurchases is virtually nil.

Investing at an attractive return on capital will always create more value than repurchasing shares, but it doesn’t always do so as quickly.

DISCIPLINED MANAGERS as in NZO [ grin ]

WON'T FALL for the short-term benefits at the expense of long-term value creation.

[fish]

Brent oil price over $50 us and general economic fronts favourable.
Buyers strengthening.
I am starting to get the feeling we are back on the way up and should be over 50c soon
I cant see American banks readily lending for more shale investments .
World demand likely to keep increasing