I am a Kiwi. What stock on the NZX or the ASX do I need to buy

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Anonymous
2016-01-22 21:38:18 Post No. 1055189
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Anonymous 2016-01-22 21:38:18 Post No. 1055189 [Report]

I am a Kiwi.

What stock on the NZX or the ASX do I need to buy to take advantage of these crazy low oil prices?

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Anonymous 2016-01-22 21:49:43 Post No.1055195
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Anonymous 2016-01-22 21:49:43 Post No.1055195 [Report]

>>1055189

US here, so I'm not familiar with NZ companies. But look at major suppliers to oil refiners or the oil refiners and producers themselves. But be warned, it might not be until 2017 that oil prices rebound so make sure whatever company you invest in has a strong enough balance sheet to whether an extended time of reduced cash flows.

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Anonymous 2016-01-23 02:36:00 Post No.1055580
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Anonymous 2016-01-23 02:36:00 Post No.1055580 [Report]

Origin Energy.

Don't buy Santos. Santos will either go bankrupt or be taken over for less that what you pay

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Anonymous 2016-01-23 02:45:35 Post No.1055589
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Anonymous 2016-01-23 02:45:35 Post No.1055589 [Report]

Didn't origin just have a mini-bounce? What's the views on BHP? Are they fucked?

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Anonymous 2016-01-23 03:03:10 Post No.1055601
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Anonymous 2016-01-23 03:03:10 Post No.1055601 [Report]

>>1055189
https://www.nzx.com/markets/NZSX/securities/NZO?icharts=true

thoughts

this is the only oil related company I can find on the nzx

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Anonymous 2016-01-23 03:11:13 Post No.1055613
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Anonymous 2016-01-23 03:11:13 Post No.1055613 [Report]

How is offshore even economical at all it seems like they would need much higher prices than the shale players.

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Anonymous 2016-01-23 05:28:19 Post No.1055749
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Anonymous 2016-01-23 05:28:19 Post No.1055749 [Report]

bump for interest