₦airaland Forum

megawealth01:
You have simply noticed why I avoid some topics here. I just post my news as it relates to investments. All my news posts are just for people's personal consumption so we can be guided when investing and probably know when to run for your life on certain stocks

KarlTom:

SonofElElyonRet:
You be bot ?

adamx23:
https://www.reuters.com/business/energy/bp-ditch-renewables-goals-return-focus-fossil-fuels-2025-02-24/

Payunsin:
Habi make I japaa from NSE Ni?
My gains just dey erode from my very eyes

Payunsin:
I am having difficulty to shit.
T.pain don kill me

Streetinvestor2:
When will they start making aircraft that use batteries instead of aviation fuel.
Na that dey many people go stop to dey fly..
Lol

ositadima1:
Some places even use massive sand silos as thermal batteries—during the day, they heat the sand to extremely high temperatures, and at night, they pass water through it to generate steam and recover energy.

ositadima1:
Now, I bet you’ve never heard much about geothermal energy. Cold climates like parts of Canada, Alaska, Sweden, and Norway use it. In fact, the lower the temperature, the better. Read up on it.

Anyway, I’m done derailing.

emmaodet:
Lol.
There will always be demand for oil but it will keep dropping.
If the world used 1 million barrels of oil last year as example, with 1 out of 4 cars been EV, it means demand will like drop to 800 thousand barrels and the more EV eats into oil driven cars, the lower the demands.
The medium to long term fundamentals of oil doesn't look encouraging.
Any oil stock I am holding that the revenue keeps dropping by 5% quarter on quarter for 3 straight quarter, I will sell the stock.
I won't wait until I go down with it.
Though, there is hope for oil sha.
It has to drastically reducing running cost of drilling oil - cost of sales and operating expenses.
The era of extravagant spending, reckless spending and wasteful spending is gradually going.
It cost 15-20k dollars per day to hire an offshore supply vessel, this can be reduced to $5k per day.
Rigs are between $150-200 per day.
Drill ships are around $500k per day
Accomodation barges around $200k per day.
All this have to reduce by 50-75%
Crew salaries will have to go down too. My colleagues earning $250-500 per day in Saudi and Co will have to get used to $50 per day.
In my previous company, barge masters take $1,200-1,500 per day, they will have to get used to $150 per day.
My current company feeding cost for crew is $30 per day per crew. That is around 45-50k per day to feed one person which 1.5m to feed one person times around 16 crew.
To me, that is wastefulness. Abeg how much I take they feed my whole family per month?
I understand this is west standard and not Africa mentality of feeding nor Asians but then, there is too much wastefulness.
And so many other that can bring down the cost of oil to like $20/barrel and #100 per liters fuel at pump station

ositadima1:
Instead of una to put chaplet for water they bind spirit of oyibo innovation breakthrough you dey there they argue, ok nah.

delvzy:
With my little knowledge of Geology, it is very much possible. A lot comes into play when you are trying to delineate if such findings is a reserve this year and in a couple of years become a resource.
The whole workings of the subsurface are a whole lot more complex. This is why you need to review your exploratory findings from time to time.

KarlTom:
UPCOMING BM

TODAY 24 February
RONCHESS, TRANSCOHOT

TUESDAY 25 February
NESTLE, NGX, SEPLAT

WEDNESDAY 26 February
LAFARGE, NASCON

THURSDAY 27 February
AIICO, DANGSUGAR, MECURE

FRIDAY 28 February
CONHALL, FCMB

NGArmyTerrorist:
No wonder i never chop dividend from them! Make una help Airtel run this, make we see profits.

KarlTom:
Let me drop my 2cents.

I also bore similar a view to the bolded until I did more digging.
Here's what I discovered:

1.
According to Statista, as at 2018, Trinidad and Tobago (T&T) has proven oil reserves of 214m barrels as well as natural gas deposits totalling 11trn standard cu feet (scf) – which represents 0.2% of the world’s gas reserves.
That sharp drop between 2015 and 2018 needs to be investigated.
........
....

KarlTom:
Let me drop my 2cents.

I also bore similar a view to the bolded until I did more digging.
Here's what I discovered:

1.
According to Statista, as at 2018, Trinidad and Tobago (T&T) has proven oil reserves of 214m barrels as well as natural gas deposits totalling 11trn standard cu feet (scf) – which represents 0.2% of the world’s gas reserves. That sharp drop between 2015 and 2018 needs to be investigated.

2.
In 2018, T&T exported 12.2m tonnes of LNG, making it the 8th largest exporter of the commodity worldwide, with a 3.9% share of the international market, according to the International Gas Union (IGU).

3.
The Refinery in question (also called Pointe-a-Pierre Refinery) is a 168 Mbpd oil refinery. It happens to be the ONLY refinery in T&T 🤔. It was shutdown in 2018 due to very poor gross refining margin. At this time over 70% of the refined crude was imported. The source of imports were from Russia, Venezuela, Colombia, Brazil, Nigeria, DRC and Gabon.

4.
T&T has a daily local demand of about 32.5 mbpd.
If OandO can get the Refinery running at min 50% capacity they will be getting 84 mbpd.
That leaves an excess of over 50 mbpd for export.

For context, the trading arm of OandO generated about 57% of their annual income in 2023.
A foreign influx of USD revenue cannot be ignored. ..

OandO Group has tried severally to own a refinery either by building or acquisition.
See
https://www.oandoplc.com/press-release/oando-completes-detailed-bankable-feasibility-on-its-oil-refinery

https://dailytrust.com/fg-grants-approval-for-oando-eni-to-fix-p-harcourt-refinery/

Sunrisepebble:
Sounds good, now the problem is raising the money

ositadima1:
At the very least, I expected someone to propose a partial solution to this concerning issue or simply deny that the problem exists.

zendi:
If you're selling a product that has unlimited demand and unlimited supply (petrol), then you will make unlimited money unless you have a rougue on the Cowboy Desk.

Makanjuola89:
oando is carrying me to where I no know o. wahala wa o

yMcy56:
.....

I still don't see how OANDO and ETERNA will be trading at similar or closer value...

jamace:
Fellow investors, let's ease tension with these FUNNY DEFINITIONS OF SOME FINANCIAL TERMS.

Advertisement: A tool used by business to get money out of people that don't have it, for something that they don't need.

Alimony: Two persons mistake paid by one.

Auditor: Person that arrives after battle to finish off the wounded.

Bank: A place that will lend you money only when you don't need it.

Bear Market: Eight months when the kids get no allowance, the wife gets no jewelry and the husband gets no s3x.

Broker: The person that you trust with thousands of your hard earned dollars. Hello!

Broker: What my broker has made me.

Broker: Poorer than you were last year.

Budget: Written proof that you can't afford the things you want.

Bull Market: A random market movement causing an investor to mistake himself for a financial genius.

Cash Flow: The movement your money makes as it disappears down the toilet.

CEO: Chief embezzlement officer.

CFO: Chief fraud officer.

Day Trader: A more socially acceptable gambling addict.

Discounted Stock: A stock that is less expensive than last month and more expensive than it will be next month.

EBIT: Earnings before irregularities and tampering.

EBITDA: Earnings before I tricked the dumb auditor.

EPS: Eventual prison sentence.

FRS: Fantasy reporting standards.

Institutional Investor: Past year investor who is now locked up in a mental institute.

Market Correction: The day after you buy stocks.

Momentum Investing: The fine art of buying high and selling low.

P/E Ratio: The percentage of investors wetting their pants as the market keeps crashing.

Profit: A man that prays to God.

Standard and Poor (S&P): Your life in a nutshell.

Stock Analyst: Idiot who just downgraded your stock.

Stock Market Correction: The term your broker uses for a stock market crash.

Stock Split: When your former wife and her lawyer split all your assets equally between themselves.

Value Investing: The art of buying low and selling lower.

Hope you enjoyed the fun?

Keep on investing, any way.

megawealth01:
This dollar thing is all fiasco... Dollars that America keeps minting like kilode without pegging

Raider76:
You may want to read up on the subject of "Confirmation Bias" in human psychology.

zendi:
I did also blend a lot nsempese, talking of Ji, bus, Jo, km, loot etc.

zendi:
It depends on where you believe the bus is going.
During the last great Oando bull, I bought my first tranche at N18, after the court poured cold water on delisting.
Not yet satisfied, I raised money and chased down the bus to Ji again, very violently, at just under 30.
That day, do you think I cared if I was buying at the high or low percentage of the day? I didn't.
I wanted to Ji by force or fire because I thought the bus was headed to km 200, delisting having just been dealt a blow.

I later Jo'd at km79 with heathy loot. Was I a mumu?

I was telling you about what is possible, not that it it's my trading style to buy deer dear and sell sheep cheap.

A lot depends on the circumstances of a particular play.

Streetinvestor2:
When did you see 30-35 pre split.
And you are talking of sound stock that has been making revenue/profit since inception to something I don't know whr to start for now.
I have learnt my lesson since I am not in partnership with my village people from sugar. I will not even keep any stock again that has straight two quater progressive bad results.
Unless for jijo I will not touch any stock with bad results.I don't need any stock that will be Andrew liver salt in my portfolio because it lacks foundation. I did not gamble to get the money. I do serious active businesses for the cash.
Once any stock in my investment portfolio has 2 progressive detorating quater results. ...it is gone even oando .
If the person was serious and not follow follow. He should have bought long when the stock was at below #10 for long.Why wait to chase the stock when on the move.
Look at transcorp plc after reconstruction. It was stable for 42/43.You wait to chase it at #60 and above...nobi juju be dat

Streetinvestor2:
Lol in French. Thr will always be enough time to buy good sound stock when the numbers show face.why didn't some people buy some insurance companies. They started buy when the numbers changed. Some are buying because they are gambling simple.

HesInMe:
No nah. You know I read and respect your opinions. My question was, Why invest now?

Okay, let me offer why not now, then tell me where I'm wrong: That the stock is trading on Presco stardust that will dissipate soon; that their most prized assets, oil palm seedlings, are 5-8 years from peak production; and that the company effectively has zero revenue and is burning through cash.

Emir01:
Eterna means it will rally till eternity. 😂 😂 😂

Ginalex:
@oga megawealth01 I picked some CWG at 7.60 on your call o. It's closed higher at 9.20. I say make I declare and say thank you