New Zealand Oil & Gas: Reap A 7.6% Dividend Yield While You Wait For Stock To Double
- New Zealand Oil & Gas has two very profitable assets in production: Tui and Kupe.
- The company recently settled a royalty dispute which will result in an increase of $1-2 million/year in net Kupe royalties.
- Market value is ~$200 million above net cash at Q2 end, despite low-risk highly visible 10-year revenue stream est. to be $1.1 billion.
- Add in two recent commercial discoveries and a plethora of New Zealand E&P permits, and NZOG looks set to double over the next 12 months.