Dexterax: @Michael

I won't be too hard on thy soul, not tonight. I understand it's Friday night and a lot of water (or babes and booze) may have passed under the bridge (or....)

@ Michael, crudeoil lifting =crudeoil production... smh

Landed

A 'farmer caught the thief' case or what? Talk about the analyst, vested interests in a company and probabilty of dumping on others after luring them.

Choi! Anyway, am just observing and as well learning.

PS. Don't quote/mind me o I joke a lot.

Michael11stock: It is not a must for an oil company to import before they make money, Eterna is into production and export as well u see chevron and shell there? And are they not making big money? So be smart my guy

Chevron and Shell are in the upstream sector and not downstream.

God bless your soul my bro.With this l can console myself that owo oti wogbo!

Michael11stock: Crude Oil

Ejiofor Alike The provisional names of the 36 companies that were awarded contracts to lift crude oil by the Federal Government through the Nigerian National Petroleum Corporation (NNPC) from June 1, 2014 to May 31, 2015 have been revealed. Although the list is not final as more companies are expected to make the final list, it signals a paradigm shift to indigenous companies as against previous preference for foreign companies. The final list may contain more local names according to a reliable source.

The list, which was obtained exclusively by THISDAY, comprises 21 indigenous companies; eight international oil traders; two foreign refineries; two subsidiaries of the NNPC and three countries, represented by their state-owned National Oil Companies (NOCs).

According to the document, 21 indigenous companies were awarded contracts to lift a total of 630,000 barrels per day of crude oil during the one-year period, representing 57 per cent of the 1,179,000 barrels per day awarded to the 38 beneficiaries.

The list also showed that eight international oil traders got an allocation of 240,000 barrels per day, representing 20.5per cent of the whole allocations, while two foreign refineries got 60,000 barrels per day, or 5.1per cent of the allocations.

Two subsidiaries of the NNPC were awarded contracts to lift 90,000barrels per day, which translates to 7.7per cent, while three countries, represented by their NOCs also got 90,000barrels per day.

A breakdown of the allocations showed that each of the 21 indigenous traders got an allocation of 30,000barrels per day.

These companies include; A-Z Petroleum Products Limited; Hyde Energy Nigeria Limited; DK Global Energy Resources Limited; Aiteo Energy Resources,; Avidor Oil and Gas Company Limited; Azenith Energy Resource Limited; Barbados Oil and Gas Services Limited; Century Energy Services Limited and Crudex International Limited.

Other beneficiaries include, Eterna Plc; Bono Energy; Taleveras Limited; Mezcor SA; Sahara Energy Resources Limited; Tridax Energy SA and Tempo Energy SA.

The rest include, Ontario Trading SA; Voyage Oil & Gas Limited; Elektron Petroleum Energy and Mining Limited; Ibeto Petrochemical

Company. Also included in the list are eight international oil traders, which got an allocation of 30,000 barrels per day of crude oil each. Source Thisday

I wonder too o.

Afo1k: @ Michael, crudeoil lifting =crudeoil production... smh

.

some people are just here to make others fail, but as for me forward ever

vice063: what is the implication...? Buy or sell recommendation...

such notification can not be a basis for decision in either way.it's just a notification

Can i sell transcorp buy latter @ low 4.7

makashava: Can i sell transcorp buy latter @ low 4.7

Why do u think u will get it at 4.7?

I saw this in d newspaper and I would like to knw the intrepretation and d benefit to forte oil share holders
"Forte oil joins high priced stock on NSE"
...Consequently, stockbrokers will be able to move the prices of Forte Oil Plc, in addition to the existing High Priced Stocks, with 10,000 units. Only these 12 Securities are currently set with a market trade quantity of 10,000, while all the other Securities are set to 50,000. Thanks.

Agbalowomeri:

Why do u think u will get it at 4.7?

DO YOUR DUE DILIGENCE THIS IS NSE ANYTHING HAPPENS

Can someone eliminate one of this FIDELITY BANK vs STERLING BANK both are volume trades but not sure thier performance vibe.

Just thinking aloud, is my portfolio still viable?
Access hoping to exit at N15
Oando
Fidelity (heavy)
Eternal (heavy, reason why I earlier panicked lol)
Transcorp
I pray smone confirm they are still viable o

makashava: Can someone eliminate one of this FIDELITY BANK vs STERLING BANK both are volume trades but not sure thier performance vibe.

sterling has a positive last quarterly results change while Fidelity recorded negative.

U are laughing, hmmmm dats's abt 20m at stake o, before what happened to dat german guy happen to ur bro

Dexterax:

makashava: Can someone eliminate one of this FIDELITY BANK vs STERLING BANK both are volume trades but not sure thier performance vibe.

I choose both stocks. But if i were to choose one, I will go for Sterling Bank. A bank to watch out for...As usual not a buy recommendation but do your due diligence.

D highest sterlin can reach is 3.howbeit But fidelity is weakened

makashava: D highest sterlin can reach is 3.howbeit But fidelity is weakened

Sir, don't be surprised to Sterling bank at 5 naira if the bank fortunate to win the bids of one of the new generation bank bought by AMCON. Just watch out for them...Remember they have enough cash as reserve!

securi: Just thinking aloud, is my portfolio still viable?
Access hoping to exit at N15
Oando
Fidelity (heavy)
Eternal (heavy, reason why I earlier panicked lol)
Transcorp
I pray smone confirm they are still viable o

; It is well with u bro , German case no go be ur portion

securi: U are laughing, hmmmm dats's abt 20m at stake o, before what happened to dat german guy happen to ur bro

Really! And you dey with us for Equity business.. Re-align your portfolio (not that they are bad, infact, they are very good) and focus on T-bills and Bonds. (My Personal and Very Personal advice o. Abeg).

Good to be back in the forum, thanks oga stockbull for authenticating my status. Please can anybody trading on Morgan confirm why it didn't work on friday.

Portfolio reconstruction underway,it is sink or swim with Oando and Transcorp, I had sleepless night till I obey the divine revealation from above.Planning short term hold on Eterna.

I don laugh well well for gbese tins.
@securi and current price, welcome to the thread.

Missing person;
Does anybody know the whereabt of andico? The guy follow us start this thread but is no where to be found arnd d thread.
He is hereby declared wanted!

myjoy08:

Sir, don't be surprised to Sterling bank at 5 naira if the bank fortunate to win the bids of one of the new generation bank bought by AMCON. Just watch out for them...Remember they have enough cash as reserve!

Myjoy U mean they can surpass skyebank,Fcmb if they win d bid that will take like 7months or more.

securi: Just thinking aloud, is my portfolio still viable?
Access hoping to exit at N15
Oando
Fidelity (heavy)
Eternal (heavy, reason why I earlier panicked lol)
Transcorp
I pray smone confirm they are still viable o

We have almost identical portfolio,the only exception is access.

myjoy08:

Sir, don't be surprised to Sterling bank at 5 naira if the bank fortunate to win the bids of one of the new generation bank bought by AMCON. Just watch out for them...Remember they have enough cash as reserve!

if one should invest based on such probability,then it's more than investing....round figure target price amazes me sometimes.there're ways speculators play the market and there're ways stocks rise in relation to the sector.in all my oga,you're always bullish....it seems there's no bear in your stock market-dictionary

mercylicious: I don laugh well well for gbese tins.
@securi and current price, welcome to the thread.

Missing person;
Does anybody know the whereabt of andico? The guy follow us start this thread but is no where to be found arnd d thread.
He is hereby declared wanted!

Moneysage is also missing..He should re-appear