Michael Fitzsimmons
Oil & gas, dividend investing, research analyst

New Zealand Oil & Gas: Reap A 7.6% Dividend Yield While You Wait For Stock To Double

New Zealand Oil & Gas (OTCPK:NZEOF) is an independent Wellington, NZ based exploration and production company. The company currently has two producing assets in off-shore New Zealand, an extensive portfolio of exploratory acreage around New Zealand, and interests in a few international projects to lower long-term risks via diversification. New Zealand O&G pays a 7.6% dividend yield and has no debt. The two highly profitable producing assets combined with two recent commercial discoveries and a very undervalued stock price should enable NZOG to double over the next 12 months. Longer term, the stock could be a multi-bagger due to its excellent acreage position in off-shore New Zealand.

The slide below was taken from a March 2013 presentation and...

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