Stock Market Tips For Nigerians

No let greed catch u oh

@all

Zenith prospectus available at:
http://www.zenithbank.com/ZenithFullProspectus.pdf

let the analysis begin!!

@ All,

Some foreign news and it relates to the Oil industry.

Me thinks that we could learn something from this,



Question:

Why didn't ConocoPhillips double this year?"

The question came from an exasperated subscriber at the Stansberry Research Alliance Conference in Playa del Carmen, Mexico, last week.

It's a good question. Some big government-backed oil companies – like Brazil's Petrobras and China's Petrochina – did double last year. However, your average supermajor oil stock (ExxonMobil, ConocoPhillips, British Petroleum, and Chevron) has only managed to gain 15%, while crude has soared 42% in the same time.

So what's holding the big guys back? It certainly isn't the price they receive for their oil,  It's the simple fact that the cost of finding more oil is skyrocketing.

In fact, it now costs ExxonMobil $14.57 to add a single barrel of oil to its reserves. That's nearly double what it cost in 2003.

This week, the Financial Times ran an article that quoted research by Wood Mackenzie analysts. Due to the rising costs of skilled labor, licenses, and equipment, exploration companies need an oil price of $70 oil to earn the same amount of money that $30 oil generated just two years ago. Think about that,  oil companies need 140% higher oil prices just to maintain their earnings.
You can see this cost inflation in the annual reports of the world's top oil service companies. Take the biggest, Schlumberger, for instance. Schlumberger's operating income rose 518% from 2003 to 2006. The world's biggest deepwater drillship operator, Transocean, has enjoyed an operating income increase of 428% over the same period.

Thanks

@ aksance,


Its been done thanks to Pumping. Whats left is shopping for the stock

what gives, can't find any info on the markest today?

anyone know whats going on? was it a trade free day today?

@aktopgun,

which market are you referring to, NSE or alaba market

Jokes apart, trading was on today but not heard any news yet


@ Barge,

Heard about that nano technology stuff and aware that it is being used for refridgeration and air conditioners. Share some info bros oh, we plenty wey wan join the millionaire club (I mean in dollars   )

@ the Nse was opened today , accesing today's report as i type.

Please copy and paste here if necessary,

I cant find todays price list anywhere.
Maybe their computers crashed

@ Ololufemi ,

 will post some of the stuff i find. And thanx for your contribution lately .

@ barge,
Please share today's result if you will. EMMAACHIL-ise it with megaupload if necessary, or paste here.

i hope u'all see what could happen as a result of this lack of info from Nigeria.
if we didn't have barge downloading it for us now what would we do?

we seriously need a website that's serious about reporting daily up to date gist and analysis on this expanding market guys

any takers?

thanks barge

 Panic, who me? never!!!!!!!!!!!!!!     

@all

This is the age of computers.

There maybe something wrong with NSE's server that all these sites link to.

And if there is something wrong with the source, there isn't much anyone can do.

Where is @Barge downloading it from?

MAY BE THE MARKET SHUT DOWN IN HONOUR OF ZENITH OFFER.  Just kidding.  The FG has announced that the nation should expect a massive black-out, maybe it has started and there is no electricity in NSE.  Talk of political virus!!!!!!!!!!!!

@risky

dem no get generator for NSE?

na wa for them if thats the case