New Zealand Energy Corp V.NZ

Alternate Symbol(s): NZERF

Energy Oil & Gas E&P

New Zealand Energy Corp. is a New Zealand-based company, which is an oil and gas producer. The Company, through its subsidiaries, is engaged in the exploration, appraisal, development, and production of oil and natural gas, as well as the operation of midstream assets, in New Zealand. The Company conducts its business as a single segment being the acquisition, exploration, appraisal, development and production of conventional oil, and natural gas resources in New Zealand. The Company’s geographic segment is New Zealand. The Company produces petroleum from Waihapa and Ngaere wells in the TWN Petroleum Mining Licenses and from the Copper Moki wells in the Copper Moki Mining Permit. The Waihapa Ngaere wells produce oil and gas from the fractured Oligocene Tikorangi Limestone at a depth of approximately 2700 meters.

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New Zealand Energy Corp > I knew when I bought this it was a total gamble.

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Comment by westshoreon Oct 23, 2024 12:22am

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Post# 36277902

RE:I knew when I bought this it was a total gamble.

Hard call.Both MNRG and NZ down today.Not a lot of Volume on NZ
206 k on MNRG
No recent insider buying or selling as of late-so roll the dice.
Either way-disapointing day
NZ down 13% 56K volume down aprox 40% from year high.
MNRG down 20% 205K volume - down 200% from year high.
Here are the highest Volume sellers past 6 trading days for MNRG
BMO 183 K (today)
Annonymous 182 K
Raymand James 196 k
Morgan Stanley 80k
RBC 80 K
About 750 k dumped last 6 trading days
Do they know something?.
Insider buying for MNRG stopped on July 4 2024 @.07
Todays close .04
Not pretty here @ the moment.
O/G under fire past month-but up today.
So tough bet here.Place your orders! Waitress Smileys