NZ Oil & Gas (NZO)

[fruitloop]

1million + options through and 400K heads on open, big buying

[trackers]

1million + options through and 400K heads on open, big buying

1.67 - up 3c... Good stuff, may breach 1.70 next week (on more news of momoho?)

[Wilkins_Micawber]

1.67 - up 3c... Good stuff, may breach 1.70 next week (on more news of momoho?)

IMHO, NZOs sp is being held back by the options (not the other way around) - shares took off this morning but dropped back due to a large qty of options at 14cps. Why do I believe this ...?

Well ... seeing the opportunity, I sold a few NZO shares at $1.66 and bought the equivalent NZOOD's at 14cps. Benefits - nearly $800 cash (after brokers fees), a bit of interest on the difference for 6 weeks (another $400+ after tax), and (in the extremely unlikely event that things turn to custard) downside risk now limited to 14cps until options are converted.

[Nitaa]

IMHO, NZOs sp is being held back by the options (not the other way around) - shares took off this morning but dropped back due to a large qty of options at 14cps. Why do I believe this ...?

Well ... seeing the opportunity, I sold a few NZO shares at $1.66 and bought the equivalent NZOOD's at 14cps. Benefits - nearly $800 cash (after brokers fees), a bit of interest on the difference for 6 weeks (another $400+ after tax), and (in the extremely unlikely event that things turn to custard) downside risk now limited to 14cps until options are converted.

Smart investing as this is exactly how you limit you down side up maximise your upside.

Macdunk. Read, reread this post. do this daily for the remainder of the year. this lessson should have been for next week but was too good an opportunity for an important lesson. This post is extremely valuable for yourself or new investors to leverage the best way posible.

[tim23]

Duncan - one again you roll out the weapons of mass destruction garbage, I actually feel sorry for you, how do you manage with a chip on both shoulders? Thought it was odd you had been quiet for a few days and knew it was too good to be true, I was right.

[duncan macgregor]

[QUOTE=duncan macgregor;197933][QUOTE=duncan macgregor;197516][QUOTE=duncan macgregor;197293]Competition to select NZO share price on conversion date June 30th
in the event of a tie the winner is the person with the correct score posting first
I will list you in posting order.
1,AMR 180c, 2, OILER 165c, 3,Macdunk 159c. 4,MATTYROO 158c.
5,SEAMUS 135c, 6,SERPIE 131c, 7, LIZ 120c, 8, STRAT157c.
9TRACKERS 168, 10, COLIN 170, 11,THE MACHINE 210c. 12,MALCOLM 200c.
13,SPOOK 172, 14,BIG BOB184c, 15,ZORBA 155c, 16, REMY 167c,
17 AMERICAN PSYCHO 175c 18 SHASTA 161c, 19RONTHEPOM 171c 20 PHAEDRUS 160.
21SHREWDY 169, 22 BERMUDA 149, 23 MORV 183c, 24 COALIE 188c
25 DIGGER 173c, 26 blank, 27 NITA 181c, 28 SUMMER NED 193c.
29 QOH 179c, 30 WK6332 225c 31 BALANCE $10-60 32 KS 162,
33 TOK3N 145c, 34 SHANE M 162.5c, 35CORRAN 156c, 36 MICK100 300c.
37 DSURF 154c, 38 SKEET 185c,39 MIBO 177c, 40 JAY 162c,
41 ZACMAN 187c, 42 GAMBLER33 115c, 43 ANUBUS144c, 44 BRUCETO9 164c.
45 romer 163c.46 HOOP 147c 47 RABBI 148c 48 ROTWEILLER 153c,
49 MINGEATHINAIOOS 150c,50 MANXMAN 195c, 51 MACDUFFY 146c, 52 BLOCKHEAD 198c,
53 777 226c,54 SWISSBOY 174c,55 AIRDALE166,56 CLIPS 178c,
57 PADDIE 196c,58 FOODEE 176, 59 BK152c,60 MPC182c,
61 STEVE 151,62 ONTHEMONEY 143, 63 LION 186, 64,TIM23 189c,
65 BOB C 190 66 RIF RAF 191c 67, OUT TO LUNCH 194 68 SEHNSUCHT888 192c,
69 PIETRADE 220c,70 ZAC 197c, 71,CAM 245C,72, CHALICE 214c,
73 GLENDOONIE 142c

[Mick100]

[quote=duncan macgregor;198900][quote=duncan macgregor;197933]

I wonder who is waiting on a big rise or fall in sp to enter at the last moment before entering. Remember it closes on friday june 27th the last trading price before conversion on monday june 30th.

Mackluck, your competition with no closing date is a joke - a farce.

Anyway, you go right on playing your attention-seeking little games while the rest of us carry on making money

,

[Nitaa]

[QUOTE=Mick100;198915][quote=duncan macgregor;198900]

Mackluck, your competition with no closing date is a joke - a farce.

Anyway, you go right on playing your attention-seeking little games while the rest of us carry on making money

,

I put the competition in the same category as the Zimbabwe election. It will be rigged and the eventual outcome will only be decided after the NZOOE expire in 2011.

In saying that... all kudos to macca for playing a proactive role in setting up the comp

[duncan macgregor]

[QUOTE=Mick100;198915][quote=duncan macgregor;198900]

Mackluck, your competition with no closing date is a joke - a farce.

Anyway, you go right on playing your attention-seeking little games while the rest of us carry on making money

,

Mick anyone selecting $3-00 early on in the competition should not complain. It only shows you act without thinking. Surely if you had half a brain you might have worked it out better than that. One simple little rule is beyond you it seems. Macdunk

[fish]

TUI IS CURRENTLY EARNING $914,722 PER DAY AS PER ESTIMATE BELOW

TAPIS HITS NEW RECORD-$128. 56 PER BARREL
EXCHANGE RATE FALLING-NOW TO 77.3 CENTS
NZO SHARE TUI 5500 BARRELS DAY
WONT BE LONG AT THIS RATE BEFORE TUI WILL BE PRODUCING $1,000,000 PER DAY FOR NZO .
Kupe is going to be even better

PS-I find this more relevant and more fun than your competition dunc-please could you move it to somewhere more appropriate