NZ Oil & Gas Ltd: Impacted by Pike River Coal

NZ Oil & Gas Ltd [NZO.NZX] is an almost 30% shareholder in Pike River Coal Ltd [PRC.NZX] and as such will clearly be impacted greatly in terms of the financial impact on it in relation to the Pike River Coal disaster which looks to have taken the lives of 29 brave men.

Its shares maybe suspended until Tuesday, as PRC's will be and follows the suspension of both on their listings on the ASX.

Apart from the tragedy, it will be hard to fathom the financial impact on NZO, but it will be substantial and as such will have a material impact on the share price of the company.

It is possible that the PRC mine may never be put back into commission, so this would mean PRC the company would be no more but this could be an opportunity for investors to get NZO shares on the cheap - they at least have oil assets to fall back on.

Best to all the families down on the West Coast. Our thoughts are with you.


Related

Pike River Facebook Supporters Page

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Pike River Coal Shares set to Plunge

NZ Oil & Gas @ Share Investor

Long Term View: NZ Oil & Gas Ltd

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Allan Hubbard: Man Out of Time - By Virginia Green







c Share Investor 2010

Share Investor Portfolio: Value @ 22 November 2010

The Share Investor Portfolio took a hit last week and is down 2.18% or $6169.27 from the previous update. This was mainly due to a 8c drop in the SKC share price but most stocks were down in a wider market also headed south.

Dividends from the following stocks were recently added: NZ $81.90 from ASBPB, $450.00 from MFT, $170 from RYM to take the total of unspent dividends in the bank from the 2010 earnings year to $16361.93 and approx $50000.00 in tax credits earned from the portfolio since it began in late 2002.

Share Investor Portfolio as at 17:30:00, Friday 19 November, 2010 (NZDT)

Stock	Quantity	Cost price	Total cost	Market price	Market value	Change	%
AIA	2,000	$1.700	$3,400.00	$2.070	$4,140.00	$740.00	21.76%
AIA	2,000	$1.510	$3,020.00	$2.070	$4,140.00	$1,120.00	37.09%
AIA	803	$2.150	$1,726.45	$2.070	$1,662.21	$64.24	3.72%
AIA	445	$0.000	$0.00	$2.070	$921.15	$921.15
AIA	64	$1.650	$105.60	$2.070	$132.48	$26.88	25.45%
ASBPB	2,946	$0.000	$0.00	$0.731	$2,153.53	$2,153.53
ASBPB	7,054	$1.000	$7,054.00	$0.731	$5,156.47	$1,897.53	26.90%
BGR	438	$0.000	$0.00	$1.420	$621.96	$621.96
BGR	2,562	$0.990	$2,536.38	$1.420	$3,638.04	$1,101.66	43.43%
FBU	266	$0.000	$0.00	$7.930	$2,109.38	$2,109.38
FBU	848	$9.750	$8,268.00	$7.930	$6,724.64	$1,543.36	18.67%
FPH	3,000	$2.350	$7,050.00	$2.990	$8,970.00	$1,920.00	27.23%
FPH	469	$0.000	$0.00	$2.990	$1,402.31	$1,402.31
FPH	1,531	$3.720	$5,695.32	$2.990	$4,577.69	$1,117.63	19.62%
FRE	1,882	$0.000	$0.00	$2.950	$5,551.90	$5,551.90
FRE	6,749	$3.630	$24,498.87	$2.950	$19,909.55	$4,589.32	18.73%
GFF	541	$0.000	$0.00	$1.810	$979.21	$979.21
GFF	1,459	$2.330	$3,399.47	$1.810	$2,640.79	$758.68	22.32%
HLG	244	$0.000	$0.00	$4.500	$1,098.00	$1,098.00
HLG	756	$2.530	$1,912.68	$4.500	$3,402.00	$1,489.32	77.87%
KIP	190	$0.000	$0.00	$1.040	$197.60	$197.60
KIP	810	$1.480	$1,198.80	$1.040	$842.40	$356.40	29.73%
MFT	1,000	$7.960	$7,960.00	$7.310	$7,310.00	$650.00	8.17%
MFT	1,838	$8.000	$14,704.00	$7.310	$13,435.78	$1,268.22	8.63%
MFT	657	$0.000	$0.00	$7.310	$4,802.67	$4,802.67
MFT	1,505	$4.200	$6,321.00	$7.310	$11,001.55	$4,680.55	74.05%
MHI	1,646	$0.860	$1,415.56	$0.790	$1,300.34	$115.22	8.14%
MHI	7,000	$0.630	$4,410.00	$0.790	$5,530.00	$1,120.00	25.40%
MHI	718	$0.000	$0.00	$0.790	$567.22	$567.22
MHI	636	$1.050	$667.80	$0.790	$502.44	$165.36	24.76%
PPG	31	$0.000	$0.00	$0.300	$9.30	$9.30
PPG	1,500	$0.440	$660.00	$0.300	$450.00	$210.00	31.82%
PPG	1,004	$0.800	$803.20	$0.300	$301.20	$502.00	62.50%
PPL	1,000	$3.090	$3,090.00	$1.860	$1,860.00	$1,230.00	39.81%
PPL	1,000	$2.870	$2,870.00	$1.860	$1,860.00	$1,010.00	35.19%
PPL	939	$4.200	$3,943.80	$1.860	$1,746.54	$2,197.26	55.71%
PPL	877	$0.000	$0.00	$1.860	$1,631.22	$1,631.22
PPL	1,184	$1.530	$1,811.52	$1.860	$2,202.24	$390.72	21.57%
RYM	459	$0.000	$0.00	$2.150	$986.85	$986.85
RYM	4,586	$1.970	$9,034.42	$2.150	$9,859.90	$825.48	9.14%
SKC	5,750	$7.430	$42,722.50	$3.110	$17,882.50	$24,840.00	58.14%
SKC	1,000	$7.600	$7,600.00	$3.110	$3,110.00	$4,490.00	59.08%
SKC	2,750	$7.700	$21,175.00	$3.110	$8,552.50	$12,622.50	59.61%
SKC	1,431	$8.750	$12,521.25	$3.110	$4,450.41	$8,070.84	64.46%
SKC	25,085	$0.000	$0.00	$3.110	$78,014.35	$78,014.35
SKC	899	$4.720	$4,243.28	$3.110	$2,795.89	$1,447.39	34.11%
STU	78	$0.000	$0.00	$2.180	$170.04	$170.04
STU	322	$4.740	$1,526.28	$2.180	$701.96	$824.32	54.01%
WHS	4,500	$3.730	$16,785.00	$3.770	$16,965.00	$180.00	1.07%
WHS	6,979	$6.000	$41,874.00	$3.770	$26,310.83	$15,563.17	37.17%
WHS	2,880	$0.000	$0.00	$3.770	$10,857.60	$10,857.60
WHS	641	$3.710	$2,378.11	$3.770	$2,416.57	$38.46	1.62%

14.43%

	Total cost	Market value	Change
	$278,382.29	$318,556.21	$40,173.92

Share Investor Portfolio @ Share Investor

Share Investor Portfolio: Value @ 15 November 2010
Share Investor Portfolio: Value @ 8 November 2010
Share Investor Portfolio: Value @ 1 November 2010
Share Investor Portfolio: Value @ 25 October 2010
Share Investor Portfolio: Value @ 18 October 2010
Share Investor Portfolio: Value @ 11 October 2010
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Pike River Coal Shares set to Plunge

In the wake of the Pike River Coal tragedy still unfolding it might be worth taking a look at the listed company Pike River Coal Ltd [PRC.NZX] and what its share price is doing.

The company has had a very patchy time business wise and share price wise since it listed back in July 2007.

It has been developing the Pike River mine for many years and in that time has gone back to the market several times for more money and since coal production began earlier this year its projected coal output has dropped by more than half.

Its share price reached a high of around $2.50 back in 2008 and currently sits at 88c. It has dropped considerably over the last month or so on revised production figures from $1.20 down to the current price.

Mining is very risky for the shareholder.

The latest disaster will impact the PRC share-price when the NZX opens tomorrow as the market was not fully aware of its unfolding when it was reported at approximately 4.00pm Friday 19.

The shares, which are dual listed on the ASX lost over 14% on that market late Friday before a trading halt was put in place until Tuesday 23, 2010.

It is likely that the halt will extend to the NZX listed shares but when lifted clearly it will provide opportunities for investors to make their move.

This of course will be based on scant knowledge of how much damage the mine will have been subject to and when the company will be able to recommence production.

Lets hope the 29 boys now down the mine will be able to surface and get back to the coal face as soon as possible. We are all thinking about them and their families.


Related

Pike River Facebook Supporters Page

Related Share Investor Reading

NZ Oil & Gas Ltd: Impacted by Pike River Coal

PRC @ Share Investor

Discuss PRC @ Share Investor Forum
Download PRC Company Reports

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Allan Hubbard: Man Out of Time - By Virginia Green







c Share Investor 2010

Sunday Herald's Bevan Hurley Pulls the Race Card

Nothing much is happening down at Tabloid the Sunday Herald.

I got a call from, to put it mildly, a wanker called Bevan Hurley from that paper about noon today regarding some comments I made on Darren Hughes Facebook page about Kris Faafoi.

This is what I said:

"Darren, even a monkey put in that seat for Labour would win. Kris is that monkey.

The real question is how many votes will the Nats take off Labours majority and I am guessing it will be substantial, even though you guys are using union mone...y and time and driving voters to the booths.

I will put a thousand bucks your majority will drop like the economy should Labour be lucky enough to win in Nov 2011."

Bevan then asked me if I was going to apologise for these "offensive remarks" and I basically said no because I didn't see then as offensive.

He then told me my comments were racist and that I needed to apologise. He then asked whether I was affiliated with any political party to make a possible story fit his column and I am of course not aligned to anybody.

He then told me something like "monkey" was a derogatory term used to to insult black players in some football league and I said I was unaware of that and I would have used the term monkey whether Kris was black, white, brown, pink blue, yellow, green, fawn, sandy bay blue or forrest hill green, - you put a Labour Monkey (the animal I must point out if you are reading Bevan)in a safe Labour seat like that and it is going to win - I could well have used the animals gorilla, whale, dolphin, dog, sheep, pig, horse etc but I may have offended animal lovers.

He told me I must live in an isolated world and not seen much of it (oh if you only knew Bevan the things I could tell you) if I didnt know the term monkey was "offensive" but surely Bevan must have listened in english class or learned latter on in life that the term, "so simple even a monkey can do it", is more widely known than his obscure upper-class reference to soccer in Europe.

I asked whether he had nothing better to do than to harass me, I am nobody important and I added that if if Kris was a white guy would you be ringing me up and hassling me and accusing me of being a racist?

I knew the answer because that is why I asked the question and the answer was of course,

No.

Bevan you are about as low and muck raking as one can go and it just shows that some go out of their way to be offended even though there is no offense perpetrated.

Shame on you and your filthy ilk.

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Darren Hughes Tau Henare just told me National will win Mana. So I said "how about a bet" - he was only prepared to wage $5! So I think even the Nats are expecting to welcome Kris Faafoi as a new MP after Saturday!

23 hours ago via Mobile Web · · Comment · View Feedback (28)Hide Feedback (28)

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    Charlotte von Dadelszen That's the same price he paid me via Trade Me for a rusty gas hob ....

    16 hours ago · · 1 personLoading...
  • 

    Darren Rickard

    Darren, even a monkey put in that seat for Labour would win. Kris is that monkey.
    
    The real question is how many votes will the Nats take off Labours majority and I am guessing it will be substantial, even though you guys are using union mone...y and time and driving voters to the booths.
    
    I will put a thousand bucks your majority will drop like the economy should Labour be lucky enough to win in Nov 2011.

    
    

    
    

    
    

c Darren Rickard 2010