NZ Oil & Gas (NZO)

[Rabbi]

it was a friday so a lot of money goes to safe haven for weekend instead of risking tied up is shares


M

Short term traders usually square up on Friday, win or lose.

They can't predict what the Dow will do on a Friday, so it is usual for them to liquidate their position and sit out until Tuesday, when they have a clearer picture.

[Casa del Energia]

Brag time - 26 Feb "could oil do a steady drive to $50 over the next month?".
It is only the 22nd March and Nymex is 52 - ho ho ho.
Probably just dumb luck though - can't say that I'm really that precient.

[digger]

Brag time - 26 Feb "could oil do a steady drive to $50 over the next month?".
It is only the 22nd March and Nymex is 52 - ho ho ho.
Probably just dumb luck though - can't say that I'm really that precient.

That was a good call casa del Energia. I remember it and hoped for the worlds sake your call turned out to be right. It seems as always the world economies have over corrected after last july's 147 a barrel and now will slowly move back up. On the Aus trader site my est for WTI at year end is 65 so it is heading that way and for future supply i hope it is at least that.

[Casa del Energia]

That was a good call casa del Energia. I remember it and hoped for the worlds sake your call turned out to be right. It seems as always the world economies have over corrected after last july's 147 a barrel and now will slowly move back up. On the Aus trader site my est for WTI at year end is 65 so it is heading that way and for future supply i hope it is at least that.

Actually, the oil price has a bit of US inflation built in now that (they) have started printing money. Swings and round-a-bouts for NOG since the NZ peso has pulled up against the USD. Nevertheless, the real price for oil is back up - and you are right about the over correction - just hope it doesn't re-over correct. Don't need big swings at any time - specially now.
Recession part II is yet to really bite at the real bits of the world - but I still suspect oil will keep strongly rising - - as will food. (I think I put in $93 for WTI on your thread)

[AMR]

A possible asset for NZO to spend some of their war chest?

http://www.nexusenergy.com.au/assets...les/697387.pdf

[Crypto Crude]

AMR-A possible asset for NZO to spend some of their war chest

?

hey AMR...
The CRUX project is a billion dollar development... and Nexus is trying to sell their 85% stake in that project......
I would prefer NZO to roll in JV's with the big boys on a reduced stake to reduce the companies risk profile, and become reliant on the big boys who dont stuff up easily... theres nothing wrong with being reliant on big fish who get the job done...
In the last few years, all the production stage failures were with smaller companies who couldnt resovle production stage complications...

...
I believe NZO have progressed down the right path through reinvestment back into future Oil exploration in NZ...
recent permit in Taranaki to the west of Maari, Tui Area, and Barque...
still plenty of cash in the kitty for company, project acquisitions....
very exciting few years ahead...


.^sc

[arjay]

A possible asset for NZO to spend some of their war chest?

http://www.nexusenergy.com.au/assets...les/697387.pdf

this would be more up PPP's alley wouldn't it?

[the machine]

this would be more up PPP's alley wouldn't it?

neither i reckon

instead invest in known acreage like taranaki or north west wa

expect maitland will be flavourof the month next year after large seismec processed

M

[shasta]

neither i reckon

instead invest in known acreage like taranaki or north west wa

expect maitland will be flavourof the month next year after large seismec processed

M

Not a sausage on here about NZO emptying out the petty cash jar?

http://www.stocknessmonster.com/news...E=ASX&N=442161

[777]

Two announcements today for NZO on ASX that did not make the NZX. One at 11.45am and the second at 2.23pm Australian time.

Someone needs a kick in the old proverbial.