- With oil prices shooting up, the oil and gas companies are in a special spot
- Goldman Sachs announced that it expects Brent to go up to US$80 per barrel
- Let’s see how the stocks reacting to the oil news
As the oil prices rise sharply due to world economies opening up, the oil and gas stocks are worth looking at . y. Let’s have a look at few of these stocks to find out what their latest developments and announcements have been, how they have recently performed on the stock market.
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Z Energy Limited (NZX: ZEL)
This Company deals with multiple commercial clients as their supplier for fuel. Today they have declared the exchange rate at which their final dividend is going to be distributed in AUD.0.9310 is set to be the exchange rate and the dividend is to be paid to the respective shareholders on June 2, 2021.
On May 26 Z Energy Limited traded at NZ$2.620 at the time of writing.
New Zealand Oil and Gas Limited (NZX:NZO)
This acreage functions Deepwater as well as on shore. They function in Australia and Indonesia besides New Zealand too. They have announced on 25 May that there shall be a special investors meeting held on June 24, 2021. There will be talks held on matters of importance then to ensure the novel plans for proposed acquisitions.
On May 26 New Zealand Oil and Gas Limited traded at NZ$0.435, up by 3.57% at the time of writing.
New Zealand Refining Company Limited (NZX:NZR)
This is a refining-based Company with its collaborative operations spread across the country. Of late they have announced and in-principal agreement which means the initial 10-year time period would now be extendable, which would be inclusive of the NZ$100m for a year commitment for take or pay basis.
On May 26, The New Zealand Refining Company Limited traded at NZ$0.660 up by 10.00% at the time of writing.
Vector Limited (NZX:VCT)
This is a networking infrastructure-based Company known for its diverse applications. In its 9-month performance update the Company announced an 8.7% growth witnessed for its advanced meter fleet. There have been sold as many as 360000 advanced variety meters no in the Australian market.
On May 26 Vector Limited traded at NZ$4.000, down by 0.25% at the time of writing.