₦airaland Forum

Government never finish salary payment in arrears for civil servants .... they now want to be paying hospitals after collecting money from citizens

Voice mail already before it even began

Oya oooo..... ladies come and see if you sabi the face to know if he’s your:
-husband
-baby daddy
-Ex
-side bobo
-uncle from abroad (a.k.a shuga zaddy)
-bestie’s fiancé

JoffreyBeroth:
How? What does linkend mean?

@opsyswagger ...Guess you meant LinkedIn

Man no be machine... Fact!

The body ain't getting any younger, and maybe he must have had sleepless nights and a busy schedule

Driver.....roasted

I thought the drivers are always the first to escape cz they saw the accident coming

The below says it all

How long before the youths say “Enough is enough”

It’s best to discuss and deal with the people than have a negative outcome after long silence

Sometimes it’s best to keep silent.... but this matter ehn

Controversial actress... what a true definition

I do wonder why she can’t decide to live a normal life without the drama and wahala

So if the plan works, does that mean Trump will live forever?

Eagleboney:
Coming to the occasion with him ,
Then lining up again to shake hand with him,
INDECIPHERABLE NONSENSE

As in ehn.... you go fear fear

That kind paparazzi no dey necessary

Free yearly allawee for Kenyans

pfadom:
That's the new strategy they deploy. Thank your God you didn't force her, she could land you in trouble.

RAPE would be the next accusation

Corper Susan....soon to be Ex Corper

Hope your home is not by any chance LASGIDI??

Cz investments have been flushed away by Sanwo without considering your hustle and sweat

Not everyone might like cold soup

Irhibotor soup hot, Irhibotor soup cold
Irhibotor soup in the pot 9 days old
Some like it hot, some like it cold
Some like it in the pot 9 days old

Sanwo might just go to default mode...point and kill

They should take the protest to Bourdillon Road, after all Lagos begins and ends at Bourdillon

I believe that the tank stand should have been maintained to avoid a mishap like this

One can only imagine what the parents are going through...to drop a child at school, only to say goodbye forever

ExxonMobil used to have bragging rights as the world's most valuable public company. Now, America's largest oil company is in steady decline.

A stunning $184 billion has been wiped off Exxon's market valuation since its 2014 peak. That's equivalent to the entire value of Boeing (BA), or nearly 1.5 Teslas.

Exxon's (XOM) stock plunged to nine-year lows Tuesday after posting dreadful results that suggest a turnaround is unlikely any time soon.

The oil giant's recent struggles are driven by a confluence of unfortunate factors -- none of its major businesses are firing on all cylinders. Oil prices are in a bear market. Natural gas is dirt cheap. Margins in Exxon's massive chemical business have crumbled. And refining is under pressure, too.

Bigger picture, Exxon's shrinking market value is emblematic of the broader problems facing Big Oil -- even as the United States has been crowned the world's leading producer of both oil and natural gas. The shale revolution has left the world brimming with oil and gas, so much so that prices have been depressed.

"Sentiment towards oil companies is as bad as it's been in a long, long time," said Ben Cook, a portfolio manager at BP Capital Fund Advisors.

The energy sector of the S&P 500 was easily the biggest loser over the last decade, generating a total return of just 34%, according to Refinitiv. The next closest sector, materials, climbed five times as much in that same timeframe.

That decline also reflects the world coming to grips with the climate crisis. Energy stocks are in the penalty box because of heightened concerns about carbon emissions and the rise of socially-conscious investing.

"Fossil fuels have a PR issue," said Cook. "As long as the market perceives them to be the culprit for carbon emissions, they will have a difficult time."

Exxon was late to the shale boom
Exxon's decline is stunning considering it was the world's most valuable company as recently as 2012, the year it was dethroned by Apple (AAPL).

Yet Exxon made some investment decisions that, with the benefit of hindsight, look poorly-timed. In 2009, it agreed to spend $41 billion to buy natural gas behemoth XTO Energy. That takeover backfired badly as natural gas prices plummeted.

And Texas-based Exxon was late to capitalize on the shale oil boom that took place in its own backyard. Like other oil majors, Exxon focused instead on expensive and long-term drilling projects overseas rather than fracking in North Dakota and Texas.

Today, Exxon is valued at about $262 billion, well behind companies including Visa (V), Procter & Gamble (PG) and Walmart (WMT) as well as the $1 trillion valuations sported by Apple, Microsoft (MSFT), Alphabet (GOOGL) and Amazon (AMZN). Saudi Aramco, the crown jewel of Saudi Arabia, went public last year with a valuation of $1.7 trillion.

Not surprisingly, Exxon's market value topped out at $446 billion in mid-2014 when oil prices were above $100 a barrel. Since then, the company has lost $184 billion, or 41%, of its value. By comparison, the S&P 500 spiked by 72% over that timeframe. And Apple's market capitalization has nearly tripled to $1.35 trillion.

Again, Exxon is hardly the only oil company struggling these days. In 2008, when oil prices spiked above $140 a barrel, the energy sector comprised 16% of the S&P 500, according to Bespoke Investment Group. Now, energy accounts for less than 4% of the benchmark index.

Goldman Sachs: Sell Exxon stock
Yet Exxon's recent stumbles suggest it is more out of favor than some of its peers. For instance, while Exxon stock plunged to the lowest level since August 2010, rival Chevron (CVX) is merely at a 14-month low.

Morgan Stanley told clients in a note Monday that it prefers Chevron because Exxon is "most exposed" to negative headwinds in the industry, including oversupply in oil, natural gas and liquefied natural gas.

Goldman Sachs slapped a "sell" rating on Exxon this week and slashed its price target to $59 from $72.

"We do not see a compelling case to own XOM relative to other energy stocks with more attractive returns profile," Goldman analyst Neil Mehta wrote.

Wall Street has pressured oil companies to hunker down by spending less and returning cash to shareholders. The goal is to avoid a repeat of the 2014-2016 oil crash, when prices plummeted 70%, driving dozens of oil companies into bankruptcy.

Exxon, backed by a stronger balance sheet than its peers, is taking the opposite approach. The company is spending aggressively on new projects to bolster its drilling prospects.

Early signs suggest that Exxon's spending is paying off. Production in the Permian Basin, the prolific West Texas shale oil field, has spiked 79% since 2018. And Exxon has discovered more than 8 billion barrels of oil in Guyana-- a find that led Rystad Energy to name Exxon its explorer of the year in both 2018 and 2019.

"We believe strongly that investing in the trough of this cycle has some real advantages," Exxon CEO Darren Woods told analysts during a conference call last week. "We have a very healthy balance sheet, which was built for times like this."

Exxon's beloved dividend is on 'crutches'
Yet even Exxon has limitations to how much it can spend, especially if it wants to keep paying the generous dividend that shareholders covet.

Lately, Exxon has had to rely on asset sales and borrowing to keep paying that dividend, which the company has proudly raised 37 consecutive years.

Exxon's "deteriorating financial conditions" required it to cover 64% of its dividend in 2019 with funds from asset sales and borrowing, according to a report by the Institute for Energy Economics and Financial Analysis. That's well above Exxon's 10-year average of 30%.

"The one thing that keeps investors tethered to companies like ExxonMobil is its quarterly dividend checks," IEEFA wrote in the report. "It is a dividend that requires crutches."

Goldman Sachs warned that Exxon's free cash flow won't cover its dividend payments through 2025.

Some reliable dividend payers including General Electric (GE), Kraft Heinz (KHC) and beer king ABInBev (BUD) have recently had to slash their dividends because of financial stress. However, analysts think Exxon's dividend is safe, at least for now.

"It would be unthinkable for Exxon to cut its dividend," said Pavel Molchanov, an energy analyst at Raymond James. "That would only happen in an Armageddon scenario."

Exxon has stressed its support for the dividend. Woods said last week that the company feels "very firmly that we've got a commitment with our shareholders to provide a reliable and growing dividend."

Climate crackdown
Still, Exxon faces enormous challenges because of intensifying concerns about climate change. Major cities including New York and London have vowed to dump their fossil fuel stocks.

"Exxon has a target on its back," said Molchanov.

Exxon has not ignored this pressure. In last week's earnings call, the company highlighted its efforts to develop new, lower emissions technologies "to help address the risk of climate change."

"While renewables like wind and solar play an important role," Woods told analysts, "they don't solve the emissions challenge for every market, geography or application."

Last month, BlackRock (BLK), the world's largest asset manager, promised to ditch investments it considers to be a sustainability risk and double its offering of ETFs that track companies that meet environmental, social and governance (ESG) criteria.

"The market is beginning to place an 'ESG discount' on the cash flow stream for Big Oil companies," Morgan Stanley analysts wrote.

Investors want to put their money behind companies they see as clean energy solutions, like Tesla (TSLA) -- not companies viewed as part of the problem. That trend will likely broaden in coming years, posing a powerful obstacle for Exxon to navigate.


Source: https://www.cnn.com/2020/02/05/business/exxonmobil-oil-stock/index.html

While his view is understandable, he should not use the words “lift ban on ILLEGAL mining”

Rather his words should be an advice to the presidency to enable the miners to easily get licensed so as to generate more revenue

See country with a system being followed

20 years ain’t a small feat

In other thoughts, sometimes a break from social media is necessary

I’m not familiar with the full story, but if there was another way out, Maryam should have taken that option since self defense failed her

Although Rahma should know that self defense is not done out of anger

MOD:
Had to go back and read, now I remember what happened. Anger can be a terrible thing when acted upon

bluefilm:
Why do people need to pay for the meters?

My own prepaid meter was brought to my house and installed for me by the electricity officials free of charge.

I'm guessing you got your meter a long time ago when prepaid meters first came out and they started installation. The mandate was to go street to street and replace all meters at no cost to individual.

After a while, they stopped giving people for free and started claiming it's finished....only to come again and attach a price to it.

feckos:
They see only roads they wish to see and only doing eye-service. 90% of streets in Lagos don't have good roads.

I dey wonder if na the same Lagos where we dey

This state government needs to go get the detailed analysis from the Local government cz lots of areas are in desperate need of repairs

Priapus69:
You don't get expelled for failing a mock exam.
Even you do fail an exam, there's an option for resit three months later.
Your story is simply bullocks

I do believe no issue warrants a suicide.
One can only imagine what she went through to the point of taking that painful decision

daddytime:
Lol

The above is what was meant.

Most people will be looking out for a physical parachute unsurprisingly.

Before nko... I think say person wan jump plane with gold ballon ontop his head.

A very rich suicide

TruthSpeaker:
You think the bank is stupid? They will only return the document after they receive their money in full. Whatever happens between the cousins is non of their business, even if they both die fighting each other. That is the reason why they demanded for a colateral just in case you can’t meet up with the conditions of repayment.

So...in the end, yawa don gas
Choooooi

nurey:
STABBED ASSEMBLY and was caught by the PKC, don't know how I escaped suspension/rustication but my yansh felt what no yansh has felt before in fagboros hand

In SS1 I made alot of money enough to buy PS1 then, I normally eat at home and my mum made sure I carried food and snacks to school, when I get to school, I just sold the food and snacks for money to those whose parents no get time and boarding house guys who no like school food. I guess I am the dantata of my generation.

Floreat bruv

Of all people to enter...na Fagboro

icon02:
This is very pathetic as I don't think there was any legal agreement between you and him before the document was released.

The best thing is to keep persuading him subtly to pay up. Pls and pls don't fight him. If you do, you'll be at the losing end.

I am currently bearing the cost of one of such where I had to gurantee a friend and he defaulted intentionally.

He could have signed a document stating payment of loan would be made on a specific date, else the collateral would be retrieved. This said document should then have been presented to the bank upon guaranteeing the loan

Lala .... I’m sure this must be a nightmare

Is this a case of Stiffler's mum

Or rather.... Stacy's mum has got it going on