₦airaland Forum

Shale oil is expensive to extract by historical standards and only viable at high-enough prices, Ed Morse, Citigroup Inc.’s head of global commodities research in New York, said by phone Sept. 23. Oil from shale formations costs $50 to $100 a barrel to produce, compared with $10 to $25 a barrel for conventional supplies from the Middle East and North Africa, the Paris-based International Energy Agency estimates.

Oil prices are harder to move because crude trades more globally than natural gas, according to Stephen Trauber, vice chairman and global head of energy at Citigroup in Houston. While oil can be carried on ships, trucks and pipelines, gas has to be frozen before it can cross oceans.

Crude prices might not fall enough to shut in production. About 70 percent of U.S. reserves would remain economic with global prices at $75 a barrel, according to Wood Mackenzie, an industry consultant based in Edinburgh.

OPEC also may prevent further declines because members need high prices to support social spending. Saudi Arabia needs $87.63 a barrel to balance its budget, compared with $66.50 for the United Arab Emirates and $92.96 for Iraq, the International Monetary Fund estimates.

stock4life:
Oil prices are harder to move because crude trades more globally than natural gas, according to Stephen Trauber, vice chairman and global head of energy at Citigroup in Houston. While oil can be carried on ships, trucks and pipelines, gas has to be frozen before it can cross oceans.

Crude prices might not fall enough to shut in production. About 70 percent of U.S. reserves would remain economic with global prices at $75 a barrel, according to Wood Mackenzie, an industry consultant based in Edinburgh.

OPEC also may prevent further declines because members need high prices to support social spending. Saudi Arabia needs $87.63 a barrel to balance its budget, compared with $66.50 for the United Arab Emirates and $92.96 for Iraq, the International Monetary Fund estimates.

This is interesting.

In other words, the lower a producing country's benchmark is, the more flexible that country's fiscal dynamics and the higher the budget benchmark price, the smaller the number of degrees of freedom to do anyhow. We generally underestimate the extremity of commodity price shocks. A good reference point should be a reverse scenario of the 1979 Oil Crisis.

Thank you guys. I successfully spoke to Meristem's customer service personnel and my issue of cash withdrawal was swiftly resolved.thank you all.

Interesting,following.

Please how much did WAPIC pay last as dividends, when did they pay and do they pay regularly. Thanks

amustsuccess:
@Mercylicious: Pls, we need to talk(Investment, agriculture). My email is amustsuccess@gmail.com. Please, email me your mobile number so I can ring you.
Best regards,
Amos

ive replied ur pm

Yem0350:
Check www.cashcraft.com
I guess it has b long since dey declared div

thank

mercylicious:
ive replied ur pm

wey Dexterax?

My people long time o

soloniger:
wey Dexterax?

Wrong question.

Right question: wey Agbalowomeri?

Dexterax:
Wrong question.

Right question: wey Agbalowomeri?

Most right question: Wey Hispy?

I will start watching skye with 6D as frm 2moro.

@Mercylicious, Thanks. But, how do I access my pm on my nairaland profile?

bigass:
My people long time o

Skyebank bringing us out from River Thames....

Yem0350:
I will start watching skye with 6D as frm 2moro.

Wait till we get to N5.00 biko

Yem0350:
I will start watching skye with 6D as frm 2moro.

start seeing its weakness soon.
Some smart hands are dropping off because i could see yesterday high moved to #3.16 and only to dropped to say #3.well,maybe d fuel is getting dry(just my own thought o).Can uba drop off to #5.50 as a gift for me this week.lols.

What should we expect for uba,sterlingbnk,stanbic,eti,diamond,fcmb 3rd quarter result.Will it be positive surprising result especially for uba and sterlingbnk or will it be flat or slightly negative.Bnsitl pls say sth,good morning.

mercylicious:
@kotlass, no be small thing. iei doing 15% 4 me now and on large vols.
i dont know if to exit now cos i will be liquidating all my share investment in less than one month frm now. Am going into agric . i saw a choice land at a gud price. negotiatn still ongoing bt i dont want to slack wen it gets to payment. We are 3 friend dt are pulling funds together for the deal and as such, if anyone slacks na issue be dt.
.
.

Mercy just be careful and make sure you and your friends are on the same page. You guys must have a plan and work with the plan . There is no friend in business . Just do your due diligence and document all the legalities . I wish you good luck in your venture . If you are not clear with anything, I am sure there will be some willing people here to help

immanuello:
What should we expect for uba,sterlingbnk,stanbic,eti,diamond,fcmb 3rd quarter result.Will it be positive surprising result especially for uba and sterlingbnk or will it be flat or slightly negative. Bnsitl pls say sth,good morning.

Come, u be watchnight? u nor dey sleep? at 12.43am when men dey humble for God, dey sleep, u dey look stock market.
Na only u waka come ohh

Yem0350:
Daar Communications Plc has declared a bonus dividend
of 1 for 2 for the year ended 31 December, 2012. Below
are the details of the corporate action
Proposed Dividend: Nil
Proposed Bonus: 1 for 2
Closure Date: 7th November, 2014
AGM Date: 30th November, 2014
Payment Date: N/A
AGM Venue: To be Advised



Will tried bones rise again?

So daar coms want to use bonus to deceive more mugus? wicked set of people.

Good morning bnsitl,

Pls correct me if I'm wrong. I have observed over some time now that the two platforms I presently use i.e. Meristem and Morgan does not display some trades. This is what I mean, If I place a trade on Meristem I wont see it appear on morgan it even show that no offer at all. So my question is, how real is this online thing or are we just trading within the same stockbroking house?

Thanks in advance.

Tjohn1:
Come, u be watchnight? u nor dey sleep? at 12.43am when men dey humble for God, dey sleep, u dey look stock market.
Na only u waka come ohh

its because after God and humans,next important thing is money,so not my fault.

Skye @ 2.88 ATM, this market gets its own mind

Oloro29:
Skye @ 2.88 ATM, this market gets its own mind

I was telling some yesterday not to be greedy and take profit, i wasn't taken seriously. Don't worry, ...it is well!

Fidelity will hit NGN 4 soon!!! Watch out!!!

This is not a buy or sell recommendation as your due diligence is required!!!

myjoy08:
I was telling some yesterday not to be greedy and take profit, i wasn't taken seriously. Don't worry, ...it is well!

Yes. Ure rite. I av dumped 90 percent of my skye today @ 2.97. I wil mop up wen d wind is clear again. For now, am going into Afripud n oando

Yem0350:
Yes. Ure rite. I av dumped 90 percent of my skye today @ 2.97. I wil mop up wen d wind is clear again. For now, am going into Afripud n oando

So that was you doing the dumping !

myjoy08:
I was telling some yesterday not to be greedy and take profit, i wasn't taken seriously. Don't worry, ...it is well!

None of the stock you put up in ur list dey do well o Oga. Na Skye bank u put all energy into . What will u say if the trend suddenly reverse?
@ Dexterax - Mimicking things

Aks:
None of the stock you put up in ur list dey do well o Oga. Na Skye bank u put all energy into . @ Dexterax - Mimicking things

Noted sir. Thank you.


I think you have to go back and check what i posted concerning Skye bank. I have nothing against it and all objectives here is to make money and advise ourselves as brothers and sisters or one big family. Once again, i have nothing against anything about rising of any stocks, just my little opinion that everyone should be caution and trend softly. We all have different information within our disposal...mine may be different from yours. Plz don't take my post personal. Remember winning a bid (of a deal) doesn't symbolize completing the deal as a whole as many things is being attached to it. So bro, nothing do us, wishing you best of luck in your trading!