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Re: Nigerian Stock Exchange Market Pick Alerts by angelo82: 10:40am On Oct 26, 2015 |
PETERiCHY: |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 10:40am On Oct 26, 2015 |
Elai147: They want to buy more assets; with which money? |
Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 10:42am On Oct 26, 2015 |
[http://www.reuters.com/article/2015/10/26/us-markets-oil-idUSKCN0SK02O20151026] Crude oil prices remained weak on Monday as a slowing demand outlook implied oversupply will remain in place for months, prompting speculators to cut their bets on rising prices. Front-month U.S. crude futures were trading at $44.62 per barrel at 2.59 a.m. ET, a mere 2 cents above their last close but more than 12 percent below their October peak. International benchmark Brent was down 1 cent at $47.98 a barrel, and over 11 percent below this month's high. Goldman Sachs said that oil prices could drop "sharply lower" as refined product storage sites come close to filling, stoking a glut that has already seen crude prices fall by more than half since June 2014. ANZ said it expected prices to remain low for the rest of this year, due to slowing demand and as speculators were cutting bets on higher prices. On the demand side, Energy Aspects said that it "forecast a sharp slowdown in global oil demand across Q4 15 at 0.8 million barrels per day, which marks the slowest pace of growth in five quarters." Energy Aspects said ongoing oversupply in crude oil was starting to spill into the market for refined products, with a product stock-build of 0.6 million barrels per day seen in the third quarter. Rising inventories as well as a mild winter expected for Europe and North America as a result of an El Nino weather event would likely lead to reduced refinery production and lower use of crude oil by refiners, it said. Global oil markets were "still some way from rebalancing", the research agency added. Due to the low oil prices, investment in the sector in 2016 will likely decline further after sliding this year by more than a fifth, Fatih Birol, the executive director of the International Energy Agency (IEA), said on Monday. |
Re: Nigerian Stock Exchange Market Pick Alerts by Elai147: 10:45am On Oct 26, 2015 |
Agbalowomeri: Wahala dey ooo. e be like say dis one dey come meet me for N120 bus stop. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by megainvest: 10:50am On Oct 26, 2015 |
Happy Monday to all my bnsitl. May I use this opportunity to appeal to you all to sell your Seplat this week. That will enable me to easily achieve my goal to acquire 3% of Seplat before the end of this year. Please help me by selling your Seplat this week you can still buy it back when it is cheap. Thanks for being a partner in progress. 5 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by hbrednic: 10:58am On Oct 26, 2015 |
megainvest: Why not join the gorimakpa group |
Re: Nigerian Stock Exchange Market Pick Alerts by sellydion: 11:01am On Oct 26, 2015 |
Re: Nigerian Stock Exchange Market Pick Alerts by Born2berich: 11:08am On Oct 26, 2015 |
Even oga proshare were be oando right hand supporter dey provoke. #jokeoftheyear 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 11:12am On Oct 26, 2015 |
LONDON Oct 23 (Reuters) - West African crude oil differentials stayed weak on Friday, as cargoes for December export competed with a large overhang of supply from November that had failed to attract buyers. There were still more than 20 million barrels of Nigerian and Angolan crude due for export in November available, with nearly all of the December cargoes already on the market, traders said. Traders said activity was particularly quiet as traders were waiting for the results of a number of tenders due next week before committing to selling certain vessels. Freight rates have fallen this week, which could make West African cargoes more competitive for Asian buyers. However a rising premium of Brent crude, against which West African oil is benchmarked, to both Dubai and U.S. crudes is acting as a deterrent from buyers from both East and West DUB-EFS-1M CL-LCO1=R. Weak refining margins in Europe, particularly for diesel, were seen as limiting demand for crude oil in the run-up to the Christmas break in the region. Adding to the bearish tone, China, one of West Africa's biggest buyers of crude oil, cut its interest rate in a bid to jump start its stuttering economy, underlining its fragile demand situation [http://af.reuters.com/article/angolaNews/idAFL8N12N3M620151023] |
Re: Nigerian Stock Exchange Market Pick Alerts by 9free(m): 11:23am On Oct 26, 2015 |
OBAGADAFFI:Abeg, somebody should help me fling one plastic chair directly to Wale Tinubu's face when his speaking. This man don give people High BP finish |
Re: Nigerian Stock Exchange Market Pick Alerts by angelo82: 11:24am On Oct 26, 2015 |
Is high time most of this oil stocks come down by half because their earnings has been on steady decline.................. |
Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 11:31am On Oct 26, 2015 |
9free: |
Re: Nigerian Stock Exchange Market Pick Alerts by davide470(m): 11:31am On Oct 26, 2015 |
Born2berich:c168,000 units have been exchanged as at 11:31am |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 11:41am On Oct 26, 2015 |
The truth is all of una still love Oando! Let market makers mop up the offer, una go see rushing inside the BRT. Even LASTMA self go follow enter. Chai humans! 4 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 12:00pm On Oct 26, 2015 |
The 10 Biggest Energy Company Bankruptcies Running a multi-billion dollar energy company isn’t easy. Just ask the executives in the corner suites of some of the energy companies that have gone bust over the years. Some, like Enron, were brought down because of insider malfeasance. A few, like ATP, blamed damaging government policies, while others went off the rails due to market forces that left the company and its shareholders flat-footed, deep in debt, and eventually broke. Here are the bankruptcies that will be etched into the tombstones of failed energy fortunes for time immemorial. 1. Enron. Bankrupt December 2, 2001. Assets $65.5 billion Enron grew from a simple pipeline company into the world’s largest energy trader by using the Internet to buy and sell natural gas and electric power to help utilities and industrial power users hedge against price fluctuations. By 2000, Enron was worth an astonishing $68 billion, but when the U.S. Securities and Exchange Commission started investigating, it was revealed that much of the money was based on shady accounting practices and un-recorded losses. In one year, Enron’s stock price plummeted from more than $90 to less than $1, resulting in $11 billion in shareholder losses. The subsequent bankruptcy remains the largest in U.S. history. CEO Kenneth Lay and fellow Enron executive Jeffrey Skilling were convicted in 2006 of fraud and conspiracy. Lay died from a heart attack while awaiting sentencing. Skilling is still in prison. 2. Energy Future Holdings. Bankrupt April 29, 2014. Assets $36.4 billion Energy Future Holdings became the largest power producer in Texas in 2007 after a $45 billion buyout of TXU Corp. But the company struggled under the weight of $40 billion in debt after revenues plunged due to lower prices for natural gas and electricity. Energy Future Holdings was broken up in April under the terms of a restructuring deal. 3. Pacific Gas & Electric Company. Bankrupt April 6, 2001. Assets $36.1 billion California’s largest publicly-owned utility went bust after deregulation led the company to incur billions in debt. After selling its gas power plants, the company had to buy power from other energy companies. Buying at fluctuating prices and selling at fixed prices led to losses and eventual bankruptcy. But accordingto Time, wholesale prices eventually dropped, and the day the company emerged from bankruptcy in 2004, its stock was worth three times as much as when it filed for protection. Related: The Biggest Energy Trading Disaster In History 4. Texaco. Bankrupt April 12, 1987. Assets $34.9 billion Texaco started out in 1901 as the Texas Fuel Company and was independent for 100 years before merging with Chevron in 2001. However, in the 1980s, Texaco became embroiled in a legal battle with Pennzoil, and ended up owing the company $10.5 billion. That led to Texaco filing for bankruptcy, which at the time, was the largest in U.S. history. 5. Calpine Corporation. Bankrupt December 20, 2005. Assets $26.6 billion In the mid-2000s, Calpine was the biggest owner of natural gas-fired plants in the U.S. But soaring fuel costs led the company to incur more than $22.5 billion in debt. The subsequent bankruptcy filing followed the ouster of top executives after they lost a fight with bondholders to use proceeds from asset sales to buy fuel. The company received $2 billion in financing to allow it to keep its plants supplying customers. 6. ATP Oil & Gas.Bankrupt April 17, 2012. Assets $3.6 billion $80 Oil By Christmas – Do NOT Be Fooled By The Mainstream Media The current market turmoil has created a once in a generation opportunity for savvy energy investors. Whilst the mainstream media prints scare stories of oil prices falling through the floor smart investors are setting up their next winning oil plays. Click here for more info on successful oil investing In 2009, ATP Oil & Gas, an offshore oil producer, refinanced $1.5 billion in debt, with the goal of doubling its production to 50,000 barrels a day. Then came the BP Deepwater Horizon disaster. A 2010 moratorium on deepwater operations in the Gulf of Mexico meant ATP was not able to complete wells on its Titan production platform. Forced to spin off Titan and borrow $350 million, ATP spiralled downward, crushed by $2.7 billion in debt obligations. In a Forbes article, ATP’s CEO blamed the Obama Administration and “its illegal ban on deepwater drilling in the wake of the BP disaster,” for the implosion of the company. 7. Patriot Coal.Bankrupt July 9, 2012. Assets $3.6 billion As the largest producer of thermal coal in the eastern U.S., Patriot Coal was particularly vulnerable to low coal prices, competition from cheap natural gas, a slowing U.S. economy and tougher environmental rules. Patriot Coal lost money every year since 2010, and in 2012 recorded a loss of $198.5 million. To stay afloat during the Chapter 11 bankruptcy process, the company received $802 million from three major banks. 8. James River Coal.Bankrupt April 8, 2014. Assets $1 billion. Another victim of the U.S. coal downturn, James River Coal declared itself bankrupt in April, 2014, having emerged from a previous bankruptcy in 2004. The company listed $818.7 million in debt after being forced to close a dozen mines. James River Coal was granted a $110-million loan to keep operating under court protection. At the time of the bankruptcy, the company's stock was trading for 36 cents, compared to $60 a share in 2008. Related: How Rising Interest Rates Could Spell the End of the U.S. Energy Boom 9. OGX.Bankrupt Oct. 30, 2013. Debts $5.1 billion Darling of Brazilian billionaire Eike Batista, OGX Petróleo e Gas Participações SA filed for bankruptcy protection after failing to reach an agreement with creditors to negotiate part of its $5.1 billion debt. The bankruptcy was the largest in Latin America. The blow to Batista’s mining and oil and gas empire came after disappointing output from offshore wells set off a crisis of investor confidence. 10. Suntech.Bankrupt March 20, 2013. Debts $1.6 billion The Chinese solar panel manufacturer, one of the world’s biggest, was forced into bankruptcy court after the company missed a $541 million payment to bondholders. The company’s misfortunes were blamed on a glut in the market for solar panels, which collapsed prices. Another solar industry giant, Germany’s Q-Cells, was caught in the downturn the year earlier. http://oilprice.com/Energy/Energy-General/The-10-Biggest-Energy-Company-Bankruptcies.html
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Re: Nigerian Stock Exchange Market Pick Alerts by Ronkuns: 12:15pm On Oct 26, 2015 |
Like Oando, like SkyeBank. Full Offer, No single Bid. It is well! |
Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 12:20pm On Oct 26, 2015 |
[http://www.cnbcafrica.com/video/?bctid=4578354040001] http://www.cnbcafrica.com/video/?bctid=4578354041001 OANDO FY LOSS SHOCK MARKET Mon, 26 Oct 2015 08:11:23 GMT Oil and Gas player Oando shocked the market on Friday when it reported one of the largest full year losses recorded by an NSE listed company, adding up to over a billion US dollars. The diversified energy group reported a full year loss after tax of 183 billion naira and a subsequent half year loss of 35 billion naira. CNBC Africa's Wole Famurewa, Didi Akinyelure and Temilade Esho, Equity analyst, Renaissance Capital, analyse what went wrong with Oando.
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Re: Nigerian Stock Exchange Market Pick Alerts by Krisuba: 12:21pm On Oct 26, 2015 |
Ronkuns:Please how about UBA? Is it falling.na govment money them declare as profit. Naija!!++ |
Re: Nigerian Stock Exchange Market Pick Alerts by Ronkuns: 12:27pm On Oct 26, 2015 |
Krisuba:It is o. Currently struggling @ 3.98. The Lazy Elephant @ 5.68. The CBN fine isn't doing these guys any good at all. Especially FBNH which has been trending southward lately. Only hope the Q3 figures will be impressive. Otherwise, |
Re: Nigerian Stock Exchange Market Pick Alerts by Ronkuns: 12:30pm On Oct 26, 2015 |
PETERiCHY: Whenever i see your post, i expect either of two issues: Oil Price or Naira Devaluation. Kilode 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by manie(m): 1:04pm On Oct 26, 2015 |
Born2berich:Dont mind Wale, the result is good, he only released a bad result in order to crash the price to N5 and below so that he can mop up Oando's shares at a cheap price. I hope you are not selling yours. |
Re: Nigerian Stock Exchange Market Pick Alerts by mojeer678: 1:07pm On Oct 26, 2015 |
manie: It's obvious that you don't know WT. Until the NSE & SEC get their acts right with adventurers who have no business running public-quoted companies, the likes of WT will continue to bamboozle you with highfalutin sound bites. The Oando scandal, for that's what it is, is a shame in a country struggling to convince investors that its regulatory bodies are up to the task. Ever since Ndidi Onyiuke violated the trust of the public by getting in bed with buccaneers such as WT, it's the public that had been suffering from the unholy alliance. Oscar by now should have taken over Oando and expose its convoluted books to the light. BTW, what's really Oando had been transferred to a private company called TSL. Guess who owns TSL? |
Re: Nigerian Stock Exchange Market Pick Alerts by mojeer678: 1:10pm On Oct 26, 2015 |
Born2berich: Bash someone who sits & snaps pics beside the First Lady in a helo? You must be kidding! |
Re: Nigerian Stock Exchange Market Pick Alerts by Josh121(m): 1:10pm On Oct 26, 2015 |
mojeer678: |
Re: Nigerian Stock Exchange Market Pick Alerts by angelo82: 1:11pm On Oct 26, 2015 |
Hope meristem has not invested heavily in Oando...................Their data is not up to date and I wonder what is causing sadness at their end....... |
Re: Nigerian Stock Exchange Market Pick Alerts by megainvest: 1:17pm On Oct 26, 2015 |
mojeer678: Please tell us. My ears are wide open |
Re: Nigerian Stock Exchange Market Pick Alerts by manie(m): 1:19pm On Oct 26, 2015 |
Agbalowomeri:Market makers will not touch the stock until when the price is right. The right price is sub N5, but Wale and the gang can do series of cross deals to give impression of trades on the stock. |
Re: Nigerian Stock Exchange Market Pick Alerts by ihedioramma: 1:19pm On Oct 26, 2015 |
Elai147:every were but is oando father of nse? total red bad, bad news . |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 1:23pm On Oct 26, 2015 |
Good day my good people of the stock exchange market, truly stocks are not doing well these days, but it will be better one day. |
Re: Nigerian Stock Exchange Market Pick Alerts by meracool(m): 1:27pm On Oct 26, 2015 |
Re: Nigerian Stock Exchange Market Pick Alerts by ihedioramma: 1:27pm On Oct 26, 2015 |
myjoy084 good day . |
Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 1:28pm On Oct 26, 2015 |
angelo82: owo community |
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