The beginning of the end for NZ Oil & Gas?
The sale of its 15% Kupe stake will leave New Zealand Oil & Gas as essentially a cash box with some exploration opportunities.
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The sale of its 15% Kupe stake to Genesis Energy could be the beginning of the end for New Zealand Oil & Gas.
That’s the view of Forsyth Barr analyst Andrew Harvey-Green, who notes that NZ Oil & Gas will be mostly a cash-box after the $168 million sale which is 53c a share.
Kupe has been the
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Jenny Ruth
Fri, 18 Nov 2016
Fri, 18 Nov 2016
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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The beginning of the end for NZ Oil & Gas?
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