₦airaland Forum

https://www.marketwatch.com/story/china-stockpiles-crude-as-prices-collapse-2020-04-22

BEIJING — China, the world’s biggest energy consumer, is taking advantage of a plunge in global oil prices due to the coronavirus outbreak to build up its stockpiles of crude.

Imports rose 4.5% in March over a year earlier even as the world’s second-largest economy shut down to fight the virus and demand collapsed. For the first quarter of the year imports were up 5%.

The price collapse is battering state-owned oil producers but is a boon to Chinese drivers, chemical producers and factories. It gives Beijing a chance to add to a strategic petroleum reserve that is meant to insulate the country against possible supply disruptions

RabbiDoracle:
Brent has broken down.

The government will need to learn the hard way.

They have been paying lip service to diversification.

There should be another devaluation in my opinion . Maybe to N500.

Free floating exchange rate is the solution.

Personly i did not see the impact on the educational sector.

Let him go to the Presidency.

onegentleguy:
https://oilprice.com/Energy/Energy-General/A-Massive-Wave-Of-Shut-Ins-Fails-To-Halt-Oil-Price-Crash.html

Good move...
The shut-ins from some opec and opec+ members means reduced overall production accross board, which will help close the gap in supply-demand margin(offset a part of the huge demand shortfall) and create a cushion to support price rise.

This though will amount to a temporal relief.(short term)
Long term benefits would come from returning to the good old days of compititive demand, or at the very least something commensurate to it.
...and this can only be possible when the world comes close to effectively winning the war with covid-19.

I however think that as economic activities gradually pick up in countries, it would be a plus to supplement these efforts, barring any further regression in the spread of the virus.

These struggles only highlight the fact that the days of relying heavily on oil is fast diminishing. ...so most oil producing nations will urgently need to think outside the box.
Only if our leaders can act. There can be NO better time to implement cost cutting measures, address certain key structural issues and diversify our economic base than now !!

Selah

The basic law of demand and Supply is affecting the Oil prices.

Since Economies and industries are shut down, demand will drop.

Anyone buying Oil now, is taking advantage of low prices to stockpile.

The solution is to open up the Economy and industries on time.

If this lockdown continue to Q3, this year is tossed.

stcool:
Continue in your imaginary world of profit...those you deceived to mop up @N9 are weeping...

You are still encouraging them to load more at N7 with hope of hitting a jackpot

You refused to acknowledge your mistake even when it was pointed out that you are towing the line of O&O

But what do I know...your money...my opinion!

Selah

Hey Oga, cool down.

I am also an advocate of "cash is the King".

But the market has provided me with some opportunities to make profits within the last months.

What sort of investors with see opportunities and look away.

Remember Inflation is the enemy of Cash.

Bomboclad:
WTI (US Oil) back to $15.58

Brent 19

RabbiDoracle:
No effect.

US must cut that their production.

Ours is Bonny Light.

The solution is to start opening up the Economy.

TLAX:
Don't take your eyes away from it yet. The acquisition and share purchase period was a wrong time to look at it because of many moving parts. Its just approaching a healthy value zone. Sectorally, are you happy being invested in oil marketing sector?

The new Subsidy policy will affect the down stream sector.

Unrated900:
Why mocking tithing
Stop seeking attentions
Go to hell with your tithe

Most of them are not Christians, they just post to drag the Church

Some of you just ask questions to drag the Church.

How did OP receive the 20k

PETERiCHY:
Union Diagnostic and Clinical Services Plc has informed the Nigerian Stock Exchange (NSE) and the investing public that the Company received a binding offer from Cedar Advisory Partners Limited (Cedar) to acquire a total of 1,407,855,051 ordinary shares of 50 kobo each held by all minority shareholders.

The offer price of 35kobo per share represents a premium of 75percent of the Company’s last closing price on March 16, 2020 and 70.1percent of 90-day volume weighted average share price.

https://www.google.com/amp/s/businessday.ng/companies/article/cedar-to-acquire-additional-39-62-equity-stake-in-union-diagnostic/amp/

Oga, this is robbery o.

As a shareholder you should resist this.

Imagine buying a company Below NOMINAL VALUE of 50kobo.

abuhusna1:
I need some incite from the bosses as to why do so many people sell their shares on the closure of register than wait for the dividends. Is it that its always good to sell during that period and buy nack after the dividends payment.

"Dividend Hunters"

When a company post impressive dividend, the the demand for the company's stock will increase. This will also drive up stock price of the company before the closure of register .

After the closure of register "Dividend Hunters" will start selling, while Investors hold on to their shares.

Your motive to sell depends on who you are
Are you are Trader or Dividend Hunter or an Investor.

interesting

Willie2015:
Dont think it affect member of staffs..
Used to buy and sell my coy shares..
Even as a staff...
Never inform anyone or SEC...
Maybe they have a way of trackini it..

That's was why I need the clarification for Oga emmanuelewumi.


But since he said " YES" I will take it like that, until further information.

emmanuelewumi:
It is self explanatory

Yes , in know It is self explanatory.

Does it mean anytime member of Staffs that buys and sell their company's REGULARLY shares as little as 500 units the NSE most be notified?

Because i noticed some guys buy a sell their company share regularly.

Coolcash1:
See how directors and employees are taking positions in their companies....smart investors.

http://www.nse.com.ng/Financial_NewsDocs/29659_GUARANTY_TRUST_BANK_PLC._CORPORATE_ACTIONS_APRIL_2020.pdf

https://businesspost.ng/banking/female-director-pays-n345m-for-300-million-sterling-bank-stocks/

http://www.nse.com.ng/Financial_NewsDocs/29658_UNITED_CAPITAL_PLC_CORPORATE_ACTIONS_APRIL_2020.pdf

http://www.nse.com.ng/Financial_NewsDocs/29650_STANBIC_IBTC__HOLDINGS_PLC_CORPORATE_ACTIONS_APRIL_2020.pdf

I their a rule to notify the NSE if certain Units for share are purchased by Insiders (Staffs or Directors)?

I need a clarification here

Stanbic staff bought - 11,159 Units
UCAP staff bought - 500,000 Units
GTB staff bought - 370,000 Units
Sterling Bank Director bought - 300 million units

RabbiDoracle:
Northeastern be like those waffi guys that will give you hot slap and be warning you: no let me slap you o.

See him and Meshpips.

The guy no get joy at all.

RabbiDoracle:
Not Loco.

Northeastern.

Northeastern will rather throw Jabs, instead of giving us actionable information.

I no say him be correct financial guy sha

lexddon:
Leverage (working for the banks), disappointing FY19 result (after a rights issue in 1st quarter), declining revenue YoY, Family grip, e.t.c.
Perhaps investors want to watch their Q1 2020 performance from the sidelines before jumping in.

My opinion though.

I agree

ebuka1997:
Wonder why Fidson is not in this bus too

I don't know what is wrong with Fidson .

DeRuggedProf:
Yes and still behaves like FAULTY OIL.....

Choi , they deserve it, including OandO.

Intendy:
Stocks with new 52 week lows

Ardova #11.20k

Bua cement #30.40k

Redstarex #2.73k

Is Ardova formerly FO?

GSK and MAY & BAKER : you have done well for the past two weeks.

Continue.

DeRuggedProf:
I give it the most liquid.
Any quantity you want to buy, you get, they have a chinese contractor on a dedicated duplicating desk.....

And that Liquidity makes it more Volatile.

Any pim the price go change (up or down)

RabbiDoracle:
CP and FXUSER na my Ogas o.

You can't learn in isolation. You learn with guides and brainstorm with them sometimes.

CP and FXUSER have their own titles.

But you a the BOSS-MAN.

ebuka1997:
Not a chart guy but This is very detailed, thanks

RabbiDoracle is the BOSS-MAN here.

Another 14days

OPEC+ Cut Could Cause Oil To Crash To $15

Dear ,

OPEC+ has officially agreed to a 9.7 million barrel per day cut and oil markets have reacted exactly as we said they would.

WTI crashed from $28 when the meeting was announced to just $22 on Friday.

Our head trader explained in his Friday column exactly why this happened, but more importantly, he outlined exactly when our readers should start looking for discount oil stocks.

While there is currently no clear data on just how bad the demand destruction caused by COVID-19 has been, estimates suggest we could be looking at a 30 million bpd oversupply. With that in mind, $15 WTI and lower remains a very real possibility.

If you aren’t already a member of Global Energy Alert, make sure to sign up for your risk-free trial right away and read our latest reports on the OPEC+ cut and where oil markets will go from here.

In addition to a full breakdown of how investors should be playing this crash, Friday's newsletter included:

- A COVID-19 update covering the latest breaking news on the global pandemic
- An update on the escalating proxy war between Iran and the U.S. in Iraq
- Technical analysis of oil prices and where they will go from here
- A breakdown of U.S. rig data as new wells collapse
- An analysis of U.S. production and where it is heading

It’s time to join a new level of energy intelligence. Get the news and analysis before it breaks anywhere else and stay ahead of the market.

Kind regards,
Michael Kern
News Editor, Oilprice.com

PS: For today only, we’re going to throw in an exclusive report covering the “holy grail” of energy. This report includes several breaking opportunities in an emerging sector that you simply can’t afford to miss. Sign up for the RISK-FREE trial today and you’ll receive this report and the complete guide on investing in the space race.

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thebargainhunte:
Who has to appease the gods?
Nothing seems to work now, fear is still there. The world needs a cure, that's all.

I said it earlier.

COVID-19 is the real problem not Supply Glut.

When most industries are down, fuel consumption will be down.

sellydion:
Yea, It is all power play and balances.

Serious Power Play.

In OPEC

Saudi = US

I wish we have leader the move us out of OPEC.