₦airaland Forum

FranklinRich:
I like this. With the panic getting to such heightened levels, we might see dangote sugar @ N3 and Flourmill @ N20. Provided We are still agege bread and puff puff, I don't mind owning more of these companies at these prices.

Let them come down more

Why is the price of oil falling?

Four things are now affecting the picture.
Demand is low because of weak economic
activity, increased efficiency, and a growing
switch away from oil to other fuels. Second,
turmoil in Iraq and Libya—two big oil producers
with nearly 4m barrels a day combined—has
not affected their output. The market is more
sanguine about geopolitical risk. Thirdly,
America has become the world’s largest oil
producer. Though it does not export crude oil, it
now imports much less, creating a lot of spare
supply. Finally, the Saudis and their Gulf allies
have decided not to sacrifice their own market
share to restore the price. They could curb
production sharply, but the main benefits would
go to countries they detest such as Iran and
Russia. Saudi Arabia can tolerate lower oil
prices quite easily. It has $900 billion in
reserves. Its own oil costs very little (around $
5-6 per barrel) to get out of the ground.

http://www.economist.com/blogs/economist-explains/2014/12/economist-explains-4?fsrc=scn/fb/te/ee/ed/whyoilpricefallingexplains

Hi Gurus,
I did my newbie research and WAPCO and it seems OK for a buy now. Please your thoughts?
Want to put in 200k in it. Is it ok or do you have advice another stock?

While some pessimists are busy focusing on
the negative impact this crash would portend
for the nation’s economy, this writer is one
person who sees the nose diving of oil price as
a blessing in disguise for Nigeria, irrespective of
the temporal challenges the economy may
experience.
The unexpected fall of crude oil price would not
only awaken our politicians from the slumber of
complacency to diversify the nation’s economy
from oil, and resuscitate non-oil sectors like
agriculture, solid minerals, tourism, textiles and
steel industries, etc, but will exert pressure on
Nigeria’s political leadership to restructure the
economy by reducing the bogus size of
government.

http://leadership.ng/features/400092/dwindling-oil-price-blessing-disguise-2

Do you know that the shareholders of Ikeja Hotel PLC were locked out of the AGM of the company on Tuesday?

http://thenationonlineng.net/new/photo-shareholders-locked-agm/

@jamace,
my dear, i ju see am for frontpage, so i ran in to see my nsempa brothers and be sure they are safe. i saw a bitl don escape yesterdqy

mercylicious:
@jamace,
my dear, i ju see am for frontpage, so i ran in to see my nsempa brothers and be sure they are safe. i saw a bitl don escape yesterdqy

What is really going on there?

mercylicious:
@jamace,
my dear, i ju see am for frontpage, so i ran in to see my nsempa brothers and be sure they are safe. i saw a bitl don escape yesterdqy

Na wa ooooo...... Even our dear brother Oga Nosa2 of SMN was among those locked out yesterday.
Chai.....

9free:
Na wa ooooo...... [b]Even our dear brother Oga Nosa2 of SMN [/b]was among those locked out yesterday.
Chai.....

You bahd!

Zenith, Guaranty and FBNH on free falllllllllllllllllllllllllllllllll

Aks:
Zenith, Guaranty and FBNH on free falllllllllllllllllllllllllllllllll

goodnews 4 us..

Aks:
Zenith, Guaranty and FBNH on free falllllllllllllllllllllllllllllllll

Brent crude has finally broken the $50 support for the first time in over 5 years, at this rate we are looking at a sub $50 price soonest. This will continue to put pressure on the naira and in turn intensify the sell-off on the NSE. Looks like we might see the all share index going below 30,000 before this weeks ends wiping out all the gains we saw in the week leading to xmas. Interesting times ahead!!!!!

FranklinRich:
Brent crude has finally broken the $50 support for the first time in over 5 years, at this rate we are looking at a sub $50 price soonest. This will continue to put pressure on the naira and in turn intensify the sell-off on the NSE. Looks like we might see the all share index going below 30,000 before this weeks ends wiping out all the gains we saw in the week leading to xmas. Interesting times ahead!!!!!

Wow but let see what will happen at crude oil @$25 becos i read us shale may still pump out and still make profit at $30 while at the same time saudi arabia can produce at $5-$6,hmmm interesting times awaits us. So comrades watch intelligently!

Where is Presco going?
I need Presco, Okomu, GTB, Zenith and OandO at N9.00 each

Hmmm perhaps we may see newest low in the prices of our equities plus possibly emmergence of better candidate who isnt gej will still bring bearishness until a little period that the fpi will be calmed and encouraged to buy into our assets and equities again then bourse will bounce back again.

At this rate, one may possibly pick Skye, Diamond, UBA, and FCMB at N1.00
Just saying sha...

FG directs MDAs to close revenue account with banks - The federal government has directed all government agencies to close their revenue collection account domiciled in commercial banks across the country.

hmmmm

mpi210:
FG directs MDAs to close revenue account with banks - The federal government has directed all government agencies to close their revenue collection account domiciled in commercial banks across the country.

hmmmm

Lets keep watching

mpi210:
FG directs MDAs to close revenue account with banks - The federal government has directed all government agencies to close their revenue collection account domiciled in commercial banks across the country.

hmmmm

watz the implication?

immanuello:
Wow but let see what will happen at crude oil @$25 becos i read us shale may still pump out and still make profit at $30 while at the same time saudi arabia can produce at $5-$6,hmmm interesting times awaits us. So comrades watch intelligently!

I remember reading somewhere some time last year that shale oil will become uneconomical at around $60 pb and that shale oil producers will be forced to shut in production around this price levels, thus reducing supply and causing crude oil prices to rebound. I personally never believed that and as it turns out, that was false. This supply glut doesn't look like it's going to end soon at least for this first quarter so I would not be surprised if we hit the $30 range in a couple of weeks/months.

Saudi Arabia has also continually given us the vibe that they are not going to cut production no matter where prices fall to. If you ask me, I think I support them cos any move by OPEC to cut production will lead to non-OPEC members ramping up production and taking away market share from OPEC members. So whatever price rebound we see might be short lived cos as soon as prices rise the non-OPEC members will flood the oil markets once again. For any cut in production to occur, all OPEC and non-OPEC members must agree to cut some production so the burden can be shared by everyone.

To be honest, I do not see this happening anytime soon so it will not be out of place to expect more crude oil declines. In all of this I pity oil producer countries like Venezuela and Nigeria that seems to be short-changed by all this. We will continue to feel the pinch from the pressure this will exert on exchange rate stability thus heightening the volatility in the market.

What is going on right now in my opinion in this market is just a transfer of wealth; just like wealth is presently been transferred from crude oil producers to crude oil consumers, wealth will be transferred from foreign investors to local investors(who understand the cyclic nature of the market and will be patient enough to wait things out)

9free:
Where is Presco going?
I need Presco, Okomu, GTB, Zenith and OandO at N9.00 each

One has to becareful when buyin these bank stocks , they can easily suck ones money in
Buying at cheaper price will be a good deal

Dragonking:
watz the implication?

Bank Revenues to drop and results might not be they used to be.

mpi210:
Bank Revenues to drop and results might not be they used to be.

that means the banks that majorly have govt accounts are in soup.

9free:
At this rate, one may possibly pick Skye, Diamond, UBA, and FCMB at N1.00
Just saying sha...

Omo this will be serious. At this price levels, a stock like UBA will be selling below 1 time earnings. If this is not a fire sale, I dnt know what it is. Na buy 1 get 3 free!!!!! . And to think they are doing a right issue at the moment seems somewhat comical to me....

ikejahotel is falling!!!! wats going on?

mpi210:
Bank Revenues to drop and results might not be they used to be.

I don't think this will affect their 2014 year end result, if anything I want to believe that this might put a strain on their revenues for 2015 but again knowing this our banks, they can always recover these lost revenue via another channel.

FranklinRich:
I remember reading somewhere some time last year that shale oil will become uneconomical at around $60 pb and that shale oil producers will be forced to shut in production around this price levels, thus reducing supply and causing crude oil prices to rebound. I personally never believed that and as it turns out, that was false. This supply glut doesn't look like it's going to end soon at least for this first quarter so I would not be surprised if we hit the $30 range in a couple of weeks/months.

maybe uneconomical to drill, unless they have broken even with the cost of drilling all those shale wells, producers might just be forced to shut in production and wait for prices to go back up. Read in one oil and gas news about two companies in the US (not majors) who have suspended drilling because of prices. Its drilling that keeps production going, soon all those already drilled wells go start to dey tire, supply reduces, prices go up, etc. thats my own take/analysis on the oil situation.

Bnsitl, Is anyone able to trade on the Morgan Itrade? Am unable to do anything, it comes with the error message "Session NSE Fix not connected"

same with me too.

Dragonking:
ikejahotel is falling!!!! wats going on?

http://www.thisdaylive.com/articles/shareholders-remove-ibru-as-chairman-of-ikeja-hotels/198555/

Worse days are coming for the Magic stock.

In other news, Check out the PDF files below.

Bonds looks more attractive at the moment.

#GEJMustGo

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