NZ Oil & Gas (NZO)

**Hoop** · 03-08-2010, 10:34 AM

Originally Posted by Yankiwi

I sure will hoop!

I have a spare $20 note, so can I get a volume discount and buy 14 shares for it? That'd be just under $1.43 each.

Nice rise today at opening up 2 to $1.24

Hmmm..... lets see....Buy at market 14 shares @ $1.26 = $ 17.64 + $29.50 (broker fee) = $47.14
.............................Sell to Yankiwi for $20......$47.14 - $20 = ($27.14) loss

Hmmm... Hoop suffers a $27.14 loss

Yankiwi thanks for your most generous offer but... nahhh

**dsurf** · 03-08-2010, 10:35 AM

Originally Posted by neopoleII

yup..... its no brains all right when a company that produces and sells oil and gas has to buy its own shares to increase its sp to lift it to a level of value that it had before it even produced anything.

its a traders paradise and an investor money sink.
offer a divi better than bank rates and watch the investors support the company, and enjoy hand in hand with management long term capital gain.

if this is going to be a regular event........... sell millions of barrels of oil at top price and give its shareholders a few cents.......... whats the point?

it would seem from past performance that only a monster whale would make shareholders wealthy.
any other strike would only equal a few cents divi and a few cents increase in sp.

whats it going to take to get to $1.80?......... and further in the future?
a lucky strike whale?
and what percentage of that would NZO retain?

NZO is traders paradise.

I think you are missing the point - increasing the SP is about reducing the chances of takeover, ability to raise capital (and cheaper), generating +ve press, and reducing the odds of unfavourable SP manipulation.

**pietrade** · 03-08-2010, 04:47 PM

Did anyone else see the excellent Aussie-made documentary "Crude" on Maori TV the other night? Really telling it like it is.......

**skid** · 04-08-2010, 05:48 PM

back to 1.22. Dang,this market is a dangerous beast!

**digger** · 04-08-2010, 08:28 PM

Originally Posted by pietrade

Did anyone else see the excellent Aussie-made documentary "Crude" on Maori TV the other night? Really telling it like it is.......

Yes i certainly watched and liked it. Very graphic way of putting it all.Much of it you can also get from New Scientist and from reading energybulliten etc but nevertheless was good to have it on TV. It deals with the carbon atom and how under the right conditions get trapped under pressure to form oil.Also deals with climate change after 100 millions of years.
If it comes on again you should watch it if possible. Too hard to explain but well worth the while to veiw.

**digger** · 04-08-2010, 08:55 PM

Originally Posted by friedegg

At 30 June 2010, NZOG’s cash balance was the
equivalent of NZ$143m. NZ$63m has been drawn
from a NZ$75m debt facility with Westpac, giving
NZOG a net cash position of NZ$80m.
had too many beers but can someone tell me in semi-drunk form whats been done with the $63m?but as a posiivte they reckoned at last agm they gauged about $60m pa from kupe, and atm its on track for $72m

Sorry about the very late responce it this question.Been busy---no excuse.
I read this as much in the same light as i handle may business monies.

NZO has 143 million equivalent in cash balances at 30/6/10 and now still has 143 million cash balance.The fact that they drew down 63 million to put into KUPE from the 75 million facility only efects the net cah position.Tomorrow NZO could spend 143 million as all that money is available to spend without seeking any bank approval.
The fact that nzo did not pay the KUPE costs directly from cash balances tells me they are still looking alternative investments and if a good one comes up the 143 million is available. Well i hope only 123 million is available as a div should be paid.
Well that is how i read it anyways.

**fish** · 04-08-2010, 08:57 PM

Dangerous for short -term traders but good buying at present for those prepared to invest for 1 year plus horizons .
. Tapis is creeping up - now $86 us .