Saboteurs may be turning their attention to the US in a bid to cause oil supply disruptions. A leak was reported on an american offshore installation over the weekend. If there are more incidents like this in the region, sabotage cannot be ruled out.

www.platts.com/latest-news/oil/houston/brutus-platform-crude-oil-leak-sees-shell-shut-26443541

ExLaidback:


OK I'll search for it now. Still struggling to finish up 'The Intelligent Investor', by Benjamin Graham though. Getting to read these days is tasking...

That book is too "American" to some extent. I had to skip a lot of pages that didn't catch my interest. Anyway, its a nice book to read. Lots of great insight.

Can you imagine that dividend yields of about 10% could not stimulate the market the way budget passing and subsidy removal have done. Incredible!

We learn everyday.

soloniger:
the stop limit ko?

Stop limit is good but it is a defensive strategy. Have you heard of 'bull fighting'?

A clear difference is that GEJ's subsidy removal was a proactive move while PMB's own is a reactive move.

Nigerians got it badly wrong when they opposed the full deregulation that was initially proposed. That was the moment when Nigeria's economy would have taken a new and revolutionary turn. By now, we would have had more functional private refineries running in-country thereby creating jobs, reduce fuel imports, increase GDP, reduce capital flight and many more.

thenationonlineng.net/cbn-insists-wont-devalue-naira/

The Central Bank of Nigeria (CBN) said yesterday that those campaigning for further devaluation of the naira, or speculating it has already devalued the local currency should have rethink.
There were speculations that the CBN would devalue the naira, as a last resort to ongoing economic crisis and will come immediately after raising fuel prices.

But CBN’s Acting Director, Corporate Communications, Isaac Okoroafor, dismissed speculations that the naira was already devalued further, saying the speculations are unfounded.

Speaking yesterday with The Nation, the apex bank’s spokesman said the regulator will not, and has not devalued the naira. “Naira has not been devalued. The naira devaluation rumour is untrue,” he said.
But amidst devaluation uncertainties and shortages of forex, most foreign investors remain cautious about entering the Nigerian market whilst currency and reinvestment risks linger.

Analysts at FBNQuest, the investment arm of First Bank of Nigeria Holdings Plc, said a devaluation as a last resort is on its way although the CBN has stiffened its defense of its exchange-rate policy. “We see devaluation under duress and a year-end interbank rate of N230,” it said.

Joysmart:
Good move because come Monday blood may flow nobody knows
Especially cos of this devaluation rumour

I think FG will deny the devaluation rumour very soon. What I infer from available info is that the exchange rate for certain imports such as petroleum products will be fixed at a different inter bank rate while the official rate will remain for selected categories of goods and services. This means there will be different rates for different products.

ufotty2001:
for those that says that i only announced gain. only when i make money...I LOSS MONEY TODAY... DUE TO MY CARELESSNESS AND GLO NETWORK! BEFORE I WILL GET TO CAFE... THE LOSS DONE SHOW UP..... .....

You need to see the way I mounted guard over my portfolio today! Like a hawk targeting its prey. No dulling this time.

It's official: Dangote has handed over the batton to Uncle Tony!

GTB Has traded half a billion naira today only!!!

Tiger is resting. Uncle Tony is entering higher gear!

megainvest:
Some stocks are about to shake.
Follow the money!

megainvest:
Follow uncle Tony!

Anybody that listened to this coded advice will be smiling by now.

General Madness on the floor!!!

Transcorp on hyperdrive!!! Going the way of Tiger.

I wonder what the naysayers will be thinking when they see the over 500% return in Tigerbrands!!!

What business can give you that kind of return? That is why I will remain in this market for a very looooooooooooooooooooooooong time.

Just check out the volumes in today's Transcorp trades. Men In Black

[quote author=Krisuba post=45551334][/quote]

FO = 220.5
UCAP = 1.79
Transcorp = 1.19
FCMB = 1.18

Ok. Transcorp is running out of stock now!

Transcorp building momentum. The stock may be getting ready to break 1.2.

leo1234:


Megainvest help us and move livestock to the promise land.

Na God win. We can do it together. I hope you will know when to jump out. Nobody will tell you that!

Godisfaithful:


Well said sir. God will make us rich like some bosses here so as to determine the destiny our preferred stocks

Yes o. The current movement in Tiger brands is a typical example. It is a well orchestrated move by someone with enough liquidity to keep the positive momentum going. There is nothing fundamental or technical about it. It is similar to what Otedola has done with FO. Just enjoy the ride!

New lessons I have learnt and proven this period.

1. The price of a stock depends on the direction of liquidity.
2. Most people tend to follow the trend and are more likely to pay a price that another person has been bold enough to pay!
3. With the right amount of money, and the right timing, you can determine the destiny of ANY stock. I repeat, ANY stock! Cash truly is king.
4. You do not necessarily need to spend too much to set a direction for a stock!

Transcorp now retreating.
Profit takers at work

Transcorp heading to full bid again!

It seems Transcorp's Ughelli power plant is one of the few remaining ones still generating power.

https://www.nairaland.com/3095421/four-power-plants-shut-after

www.nairaland.com/3090862/militants-blow-up-pipelines-linking#45386031

Transcorp about to vanish from the market! Do your DD

Crude heading north due to supply concerns from Nigeria and Canada. Unfortunately, Nigeria is not benefiting much from this rally due to the "avengers" and whoever's interest they represent.

Raider76:
Kai! See as FO is likely to gain another 20% this week. I had chance to buy at N190 and I only bought some tasere units. You just can't win in this market. Even when you see opportunity at the right time fear no de allow you capitalise on it.

I tell you! That is the thing with this market. While you are busy contemplating, the stock takes off right before your eyes and you are wondering why you didn't just push that BUY button the previous day! I spent the whole Thursday contemplating whether to load more FO at 190 or not, next thing I knew, it was swept off! I took the courage to load Transcorp as it went off on Friday. Now I'm watching. I just discovered another coded stock today which I am investigating. Once it pans out fine, I will not look back!

Raider76:

What of it it opens 10% higher at N1.15, will you buy? Or will you fear a bull trap?

Only very good news can push it to that level. Lets watch and see.