₦airaland Forum

OBAGADAFFI:
The solution is to start opening up the Economy.

GBAM!!!

fucc12:
be like them don shut down wti_oil
I was try to go long on it

Hmmm

RabbiDoracle:
Then shut in Wells. Supply will reduce as storage spaces are full. All of them can't keep pumping.

Wells are designed to reach a plateau, further to decline...
It will be expensive and it wont be a good venture to shut-in...as to restart to full production will become costly likewise...
Example is canada sand oil which production is through steam...The steam must maintain a particular temperature or you damage the well...
Primary recovery or natural energy wells will be more difficult to shut in....as compared to secondary which they can simply stop injection
Best is to reduce the valves to reduce production..but of course will need monitoring to prevent excessive pressure buildup...

Mcy56:
OK. Thanks sir.
Wrong info is currently trending cos some people don't know the difference btw the US shale oil and our brent. At least this clarifies it.

Its actually serious.... There are future concerns on mitigation ..But will it work??.. Storage cost is piling up even for Nigeria....
OPEC can keep doing the cut and cut....

The real issue is the fundamental *Until there is [/b]Demand[b]*
How this will cause a ripple effect to us...analysts will have their views and opinion...
But this I say is the current reality...

Corporate2020:
Save oil till later? Europe, America, Australia and Asia are moving to electric cars, that means very soon car manufacturers will stop producing petrol and diesel cars. Countries are also moving to alternate power supply including solar and wind. So, when is the later day that oil price will go up? When Jesus comes?

Can these sustain a nation's economy...This electrical power talks are big power men in place playing the whole hype. This doesn't mean I undermine the potentials of these innovation.

The key thing here is a source of energy that is safe,clean and affordable....Until that is discovered,..Oil will still remain dominant in the world we are especially for its other sub-products....

haywire07:
America is the highest producer of Oil but why do they keep importing from Iran and Nigeria?

They are likewise the largest consumer... And they want to be energy independent which is not going to happen at least for now

thebargainhunte:
Shale drillers are heading to Golgotha.

Real one...I expect another declaration of Banckrupcy from that side soon...

saxy4c:
Quite odd that they'd reject your POA with same surname, then reject your bank statement also? I once had to send my notarized birth certificate when I couldn't access my passport, and they rejected because I've been using my shortened 5 letter name on official documents instead of the full 21 letter name my papa give me.
I had to send the docs to to backoffice at hotforexng dot com to explain to them that it's normal to shorten names down here and it worked. So try it out by sending all those docs to them and see how far. If they gave you an account manager, call them too. Makes things faster.

Thanks ...approved now...I had to send them a full statement of account welll scanned...

I am still practicing though ...I cant run faster than my shadow

saxy4c:
Quite odd that they'd reject your POA with same surname, then reject your bank statement also? I once had to send my notarized birth certificate when I couldn't access my passport, and they rejected because I've been using my shortened 5 letter name on official documents instead of the full 21 letter name my papa give me.
I had to send the docs to to backoffice at hotforexng dot com to explain to them that it's normal to shorten names down here and it worked. So try it out by sending all those docs to them and see how far. If they gave you an account manager, call them too. Makes things faster.

Thanks ...I will do that now

saxy4c:
Bless you too sir.

Please a little help... It again rejected my POA - proof of address...utility bill (same surname but not my name which I have used for many other stuffs), NIN, Account statement... I'm thinking of phone bill.. How do one get that??

Thanks..

saxy4c:
Hotforex.

Thank you sir...God bless you...

Hello Boss'es

I'd like to get an opinion of reliable brokers used by many of us. Putting in the Nigeria Factors. Thanks

I will appreciate..

emmanuelewumi:
.

Investment banks, minimum investment is N5 million

;DThank you Boss...I go reach that level one day by Gods grace....

emmanuelewumi:
They are Commercial papers, they pay between 6% to 7%. They are from 90 days to 270 days


I think the CFOs of those businesses are using the commercial papers to liquidate their existing loans which are currently between 15% and 18%.


So that they can directly get cheaper funds from the investing public for the running of the businesses. There is so much liquidity in the system

Which organisations offer commercial papers...

emmanuelewumi:
Oga, I never quoted you naaw. I only replied abiboilandgas


A single government policy can bring a N100 million trader who does not have back up plans to ground zero within a week or less

My mum had a tenant who has not recovered from the ban on frozen foods which Obasanjo introduced over 15 years ago. The trader used all his savings, got loan from friends and others he lost over N30 million out of this amount 70% was his own capital. He never wanted his wife to work, but for the father in law, who insisted that he educated his daughter so that she should not be a liability.

I don't know much about this man again, but about 10 years ago when he left my mum's house due to financial challenges, the man was yet to recover.

It was the wife who was teaching with Lagos State government that became the breadwinner, when things got bad. They later left to moved to the barely completed house which the wife was building through cooperative society and thrift savings at Ikorodu. I learnt the man refused to move with the family to Ikorodu.


Trading is one occupation in Nigeria that government pronouncement can easily kill, those who are not cash rich and prepared for any unexpected eventualities will be shouting of marginalisation.


There are traders and there are traders. There are forward thinking traders who are diversified. Cosmos Maduka started as a trader, he is forward thinking and moved with the right crowd and professional advisers. He is now diversified into the stock market, bonds, manufacturing and different investments

I salute your acumen!!! Very commendable and following

Mcy56:
From your dashboard:
** Click one little icon at the top left
** In the drop down, click "Market View" it will take you to the live trade page
** On the page, you will see o e column with "All board", click it
** Select "Eqty" or "Premium" , you will see the listed stocks.
** Double click on any stock you wish to view, you will see the "Bids/Offers".

*** There's a small table at the bottom right, you'll see all trades as it's happening live on NSE.

Thanks much

Mcy56:
Are you in Morgan?
Can you view the live trade?
Answer these first.
We've said it many times here.

Yeah I am...

I have a list of submenu.... Do you mean Price/Volume chat or Trade submenu??

Mcy56:
From the trading platform. I use Morgan capital.

Please under which menu... Thanks...

Mcy56:
Zenith: early pull back to 13.80/85.......bids increasing, 10M offers to 5M bids........let's see if it will reverse today or still witness more bashing.....
. GTB : bids increasing .....29M offers to 3M bids
.

*Updating....

**Caveat: not any form of advice.

Where do you get this statistics from??

1kinggy:
NSE website is your best bet.

Thanks so much...I will keep on the look

emmanuelewumi:
The first is usually based on fundamentals, the the second is based on demand and supply ( market sentiment)


Zenith bank at N5.00 is madness and very good opportunitt based on the figures, but market sentiments can see it as overpriced.

In that case Investors who understand the figures will continue to buy the stock until the market madness ceases

Boss... Thanks so much for your contributions..

Please where do I get to read financially statements from.?? And how often do they come out..?

I will appreciate your response and anyone who might have a guide...

Intendy:
Stocks with new 52 week lows

Guinness #22.50k

Arbico #2.57k

I won't advice anyone to go near Arbico....
An Organisation that did a large project in Mobil Eket with no change in their stock... Their history isn't even good..I've been watching them for a while...
#SubjectToMyOpinion#

grossintel:
That's completely false! Can you post any link to backup that claim? Forex trading is considered a high risk investment and for this reason regulatory bodies mandate such companies to educate investors and warn them of the risks that lie ahead. That is why all Forex brokers have a bold disclaimer on their website warning you that you could loss all your money. Where did MBA Forex state this? Such companies are not limited to pay any amount as you claim, it's like saying real estate companies can't pay you above a certain amount because people will withdraw all their money and invest in real estate that's nonsense. The obvious reason why they can't pay you higher than 4% - 7% ROI is because it's a high risk investment, and just in case it goes south they won't default payment. Regulatory bodies also make sure they don't use investors money wrongly, they've been their before and that's why MBA can't exist abroad.

I think you're making some sense.. what I have learnt and to pick from this argument is simple...

MBA should endeavour to put a disclaimer as Forex is truly high risk....it will be in the interest of all investors and others willing to invest...


No one should come for me as I won't bother replying you

OBAGADAFFI:
Pharmaceuticals.

Banks books for this would be affected by COVID-19, Oil prices.

I have little Zenith, not buying more for now.

Thanks

OBAGADAFFI:
Why would I be chasing Zenith, when I know where the money is going.

Where is it going??

seyisanya:
GLAXOSMITH thanks for keeping my portfolio green when all the agbaya stocks just dey tumble anyhow, u still stand gidigba. Doing 10-10% since 1960!

I'm glad I'm not the only one thinking same...

When the least quantity of them all is the only one showing green... The future is what it is....

anjilgreat:
#125 is a good price but bid lower, #116-#118 will be a better entry.

Thanks. Thumbs up

Mcy56:
11.65 you mean.
No need to request for any certificate in my opinion, you will see it in your statement of account, account summary, buy/sell contract notes by end of trading period today.
Good you were able to see your trade in "market trade". It will appear in the docs listed up here too, which are more of proof of purchase.

Thanks so much and I've been following and learning...
I also made this same errors lols...mine a little big but I see everything as a process and learning point..

You mentioned something about live trading..please can you share more light??

Darksider131:
hello, after 6 months will they give you back your capital?

In addition to the question. ...through the application??