Just started out share trading...

[jeremyhowell]

...and I am completely lost at where to put my money, and really need some help in learning the ropes.

I was thinking of buying into NZ Oil and Gas (NZO) while they're very low (obviously with not all my money, but yeah), and wait a few months and then sell them, if the profits look good. Feedback on this plan welcomed.

[Onthemoney]

For a bit of speculation go with PPP instead.....

[shasta]

...and I am completely lost at where to put my money, and really need some help in learning the ropes.

I was thinking of buying into NZ Oil and Gas (NZO) while they're very low (obviously with not all my money, but yeah), and wait a few months and then sell them, if the profits look good. Feedback on this plan welcomed.

There are plenty of oil & gas companies looking "cheap", especially with a fairly stable oil price in the $US70-80/bbl range

I've held NZO many times & did hold for 3 years before & into production, so i know the company well.

It's cheap because:

1. Tui is in decline
2. Problems with Pike getting up to forecast targets
3. They had plenty of cash, & did nothing with it during the Global Financial Crisis ("GFC")
4. There play for a blocking stake in PPP hasnt come off (its now a non core asset IMO)
5. There exploration drills have all been dusters

Positives:

1. Kupe is a big project with a long life of stable revenue, sold into offtake agreements
2. No debt, & still have plenty of cash
3. Pays a dividend
4. Upside in there PRC holding, when Pike get into full production

If you are looking at NZX shares, theres NZO, PPP, CUE, LME in the O&G sector

If you are wanting a cheap oil & gas company from the ASX, heres a few for you to look into further (check the ASX threads)

OEL, CUE, TAP, AWE, BPT, ROC, AED, VPE - at the bigger end of the sector OSH, STO, WPL

[jeremyhowell]

How easy it to sell shares like PPP?

[shasta]

How easy it to sell shares like PPP?

PPP is listed on the NZX & ASX, liquidity shouldn't be an issue unless you are moving 500k parcels

[ENP]

Buy decent companies with a competitive advantage. Read the book the new buffetology.

Companies like Colgate, Coca Cola, Kellogs, etc are all good from USA

Ones from NZ I like are Ryman Health and Sky TV.

Ones from AUS I like are Woolworths, Dominoes Pizza, Super Cheap Auto, etc.

[STRAT]

...and I am completely lost at where to put my money, and really need some help in learning the ropes.
.

Hi Jeremy.

Keep your money in your pocket till you have learned the ropes

[jeremyhowell]

Thanks strat, I think I will do that. So whats the best way to learn the ropes?

[peat]

learn the ropes?

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[STRAT]

Thanks strat, I think I will do that. So whats the best way to learn the ropes?

There are some good people here at Share Trader who will set you in the right direction. Problem is, There are many good directions.

How about sharing your goals, skills and plan thus far. That should narrow responses down a tad.

Here are a few things to consider

FA, TA or both
Trader, investor or both.

short, medium, long term or all.

Best throw your self at it and ask for help as you go.

Once you know what you dont know some folk here will answer your questions or point you at useful places to find out.

As to keeping your money in your pocket. There are a few who know the ropes who are doing just that right now