NZ Oil & Gas (NZO)

[Bilo]

I think they were just taking the Mickey, Corporate. And yes the share price dropped but was that a poor South Canterbury finance investor scrambling for cash, or currency dropping or CFD suppliers correcting things to pay the dividend. Or all of these plus ?

[777]

NZO is now trading at 1.15

I guess when I topped up my holding yesterday at 1.18, I was a day early.

Oh well, there's always tomorrow.

Yeah at $1.14

[digger]

The upcoming dividend of 5c will cost nearly $20m.
Since the dividend was announced the shareprice has still dropped.
Using that $20m for a buy back instead might have had a better result.

Mr Tommy, if we lived in two parallel worlds it would be interesting to see which approach was the better. If we were to go down the track you suggested and the buy back held the price at 1-20,it would be only a matter of seconds before it got posted here that it was a waist of money as no positive effect would be evident.Should have given a dividend would be the cry in that scenario. Frankly i think NZO will go down no matter what management do or don't do. Larger finanical issues are pulling it in an undersible direction,at least for now.
This SCF thing is a big problem. Like all govt nose ins it rapidly become an unfair system. Investers there get all their money back but none for investers that take a loss on the market . These are troubled finanical times and a lot of changes will have to take place.I would say if the govt is to continue 100% supporting funds investments that money will leave others areas where rish is soley carried by invester.
With this happening train wreck i do not think NZO should even look at a buy back now.The monies will have to be saved to get through this crazy time.

[777]

I have buckets of them( overweighted) but am feeling very tempted to buy at these levels. Cum dividend, regular cash flow, PRC approaching production etc. Keep having to walk away from my computer so I don't buy any.

[geezy]

someone mooted the idea earlier about selling NZO and buying PRC since NZO SP only hope now lies in PRC ,as there arent any other upcoming activities.

Will NZO go up in tandem of PRC sp, shud it rise?

[Arbitrage]

yes, someone calculated a 1 cent rise for NZO every 3 cents PRC

[bung5]

yes, someone calculated a 1 cent rise for NZO every 3 cents PRC

What a complex calculation that must of been

[Bilo]

yes, someone calculated a 1 cent rise for NZO every 3 cents PRC

Not if people sell NZO to buy PRC....which would be my assessment of what has been happening...

[bung5]

Soon it looks like PRC may over take NZO's market cap

[swissboy]

At this very moment Pike +3c NZOG - 1