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Estimated 71 Billion Barrels...
Rank: Member Joined: 11/16/2011 Posts: 196 Location: united states of africa
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hisah wrote:@murchr - I saw an FT blog post yesterday that said the find at Twiga was disappointing. The huge selloff is welcome with Papai prospects to be known before end of Dec 2012. Ethiopia is still to come as well as offshore. I welcome such huge selloffs aka shakeouts  You remember that AOIFF was trying to raise roughly $200 million and the market wanted to do it at $8 but KH refused? Lets wait and see but I must say that am enjoying the ride so far as it correlates with what another company is about to do and I cant help but wonder whether the two exploration companies are in cahoots or are owned and financed by the same individual. Well, lets wait and see. Energy.
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Rank: Member Joined: 9/2/2010 Posts: 845
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I think the sell-off was exacerbated by this piece in the Motley Fool over the weekend predicting a bubble burst. http://beta.fool.com/tra...?source=eogyholnk0000001All my friends are heathens, take it slow. Wait for them to ask you who you know. Please don't make any sudden moves.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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[quote=innairobi]I think the sell-off was exacerbated by this piece in the Motley Fool over the weekend predicting a bubble burst. http://beta.fool.com/tra...source=eogyholnk0000001[/quote] I guess the fool wanted to get in, no harm tho, it was a time to pick more "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Interesting analysis. It depends where ones entry was. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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you better listen to this, big things happening! http://pro.stansberryres...m/1210THIRDLIA/LPSINBEV/Life is short. Live passionately.
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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[quote=sparkly]you better listen to this, big things happening! http://pro.stansberryres.../1210THIRDLIA/LPSINBEV/[/quote] Im so underwhelmed, one hour into the lecture, and nothing but tea party rhetoric, gosh!!! Can you pliz pinpoint where exactly he gives analysis of which company to invest in, coz so far its Obama this Obama that, I really dont care what Obama does, I just wanna make money. There is no way Obama can ru for a third term, and the guy is implying Obama will rule by proxy. Also not true, coz Hillary is most likely the next successor, and she is no one's puppet! The only way Obama would be able to rule by proxy is if Rahm Emmanuel is voted in or Obama's campaign manager, David Plouffe. Both are unlikely to win so I rate this lecture as junk. Its a known fact that the US has vast oil reserves that they dont use, so maybe the best way to play this is to own oil stocks since China and the US will fight over commodities, US will buy up more commodities to diminish China's power. So I guess what I've gotten from his lecture is invest in infrastructure, but I wouldnt buy US infrastructure, instead invest in infrastructure stocks in oil producing countries of SSA.
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Rank: Member Joined: 11/16/2011 Posts: 196 Location: united states of africa
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Nabwire wrote:[quote=sparkly]you better listen to this, big things happening! http://pro.stansberryres.../1210THIRDLIA/LPSINBEV/[/quote] Im so underwhelmed, one hour into the lecture, and nothing but tea party rhetoric, gosh!!! Can you pliz pinpoint where exactly he gives analysis of which company to invest in, coz so far its Obama this Obama that, I really dont care what Obama does, I just wanna make money. There is no way Obama can ru for a third term, and the guy is implying Obama will rule by proxy. Also not true, coz Hillary is most likely the next successor, and she is no one's puppet! The only way Obama would be able to rule by proxy is if Rahm Emmanuel is voted in or Obama's campaign manager, David Plouffe. Both are unlikely to win so I rate this lecture as junk. Its a known fact that the US has vast oil reserves that they dont use, so maybe the best way to play this is to own oil stocks since China and the US will fight over commodities, US will buy up more commodities to diminish China's power. So I guess what I've gotten from his lecture is invest in infrastructure, but I wouldnt buy US infrastructure, instead invest in infrastructure stocks in oil producing countries of SSA. It's like this Nabwire. The president does't give any indications verbally to the public but if you look at the bills being passed or where most of the funding is going for projects that are currently being tested of which if they succeed will be implemented maybe in two or three years from now and their plan is to last for the next 10 years after Obama is gone. Also watch for the Q3 as that's where the action is. Energy.
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Rank: Member Joined: 11/16/2011 Posts: 196 Location: united states of africa
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[quote=innairobi]I think the sell-off was exacerbated by this piece in the Motley Fool over the weekend predicting a bubble burst. http://beta.fool.com/tra...source=eogyholnk0000001[/quote] Hahahahaha. Your analysis of the AOIFF share decline is mind numbing. Try and investigate the Lundins and you will have your answer. Energy.
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Rank: Member Joined: 11/16/2011 Posts: 196 Location: united states of africa
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@ Nabwire. Google Startup Act 2.0 Energy.
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Rank: Member Joined: 11/16/2011 Posts: 196 Location: united states of africa
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Its that time of the year that I cant afford to read all this. Summary please "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Member Joined: 11/16/2011 Posts: 196 Location: united states of africa
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murchr wrote:Its that time of the year that I cant afford to read all this. Summary please Then read it next year. Its only 33 days away. Happy holidays. Energy.
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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Jonna I googled startup 2.0, dont see any correlation, or do you mean that the fact that they are willing to give students in STEM working visas, they will be needed in the oil sector? By the way I wasnt refuting what that video says, Exxon may just take off but I just thought the guy wasted my time with too much anti Obama propaganda, then the last 10 minutes is when he says Exxon is the stock. But tell us more about the Lundin group, good to know that they own part ( or is it all) of Africa oil, now I can sleep better.So they were responsible for artificially forcing the price down?
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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I guess the big guys sold so as to pick some more at a cheaper price during the listing. @Jonna...no hustle. Am a believer of the 80 - 20 principle "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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Murchr you should read that article given by Jonna, it gives insight for novice investors in mining. According to it, Im guessing AOIFF will continue declining to around $5-6, then, if and when commercial viability is ascertained, the stock will take off again. Atleast now I wont feel bad if it even goes to $3, its a big gamble but would pay big in the long run.
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Rank: Member Joined: 11/16/2011 Posts: 196 Location: united states of africa
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Nabwire Lundin says, Keith follows. Its as simple as that and as for AOIFF going down, I really don't see that happening. The price is going to stagger at $7 to $8 for the next four to eight weeks based on the conference call Keith Hill gave on Thursday or so before they announced the private placement as he said that most investors sold because AOIFF could not prove whether the reserves are commercial or not. (Yeah right). As for startup 2.0, I wrote that without even thinking about it but am sure if you were to follow and contact the said organizations/people, they will give you a hindsight as to whats going on. That's what I do most of the time, be it public companies, government or start up companies. @Muchr I don't do summaries for anyone. Last time I did that was in college. So, quit trying to niggerize me in the name of "that time of the year". Energy.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Nabwire wrote:Murchr you should read that article given by Jonna, it gives insight for novice investors in mining. According to it, Im guessing AOIFF will continue declining to around $5-6, then, if and when commercial viability is ascertained, the stock will take off again. Atleast now I wont feel bad if it even goes to $3, its a big gamble but would pay big in the long run. Thanks gal, I have stated b4 that long docs are not for me, esp if they are broad and wide, and anyway it doesn't matter. As for AOIFF, word from Sweden is that the Lundin group has scooped 10% of the new shares. Not bad. And there's speculation that Paipai may not bear sweet news,- that tho we have to wait. Quote:=jonna] @Muchr
I don't do summaries for anyone. Last time I did that was in college. So, quit trying to niggerize me in the name of "that time of the year". Boss..it was a request and not an order. I reiterate..I believe on the 80/20 principle. 20% is enough for me. Its all that matters anyway. There's absolutely no need of being vulgar. Happy holidays. For those who missed Keith's confrence call on Twiga's report. Part onePart 2Part 3Part 4"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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" AFRICA OIL PIPELINE PREFER M Tullow, PROD TIME GAS 3-5 YEARS (Direct) Print 2012-12-05 17:07 STOCKHOLM (Reuters) Africa Oil prefer to build their own pipeline in the long term along with its partner Tullow. It says Africa Oil's CEO Keith Hill to Bloomberg News in an interview in the Rwandan capital Kigali on Wednesday afternoon. A pipeline routing would then lead to Mombasa or Lamu on the Kenyan coast, according to preliminary studies. "We prefer to do it themselves, to finance a pipeline is not as hard as we should have ownership., It would be probably the most preferred way for us," said Keith Hill. Africa Oil and Tullows joint investment in Kenya is expected to reach half a billion dollars in 2013, according to CEO: n Keith Hill also says that it will take at least 3-5 years before any oil could begin from Kenya. Africa Oil has had discussions, but only in its infancy, with the Nairobi Stock Exchange for the listing of shares there. But the oil company still has no plans to start trading in shares which in the near future, according to Bloomberg News. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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www.businessdailyafrica....56/-/nhm7hr/-/index.htmlThe game is about to restart again. This time with the discovery risk out of the way Follow the money... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Oil and gas record debt issuance to continue in 2013 - http://reut.rs/WMeUW6
Quote:Oil and gas companies have issued record levels of debt in the US investment-grade and high-yield bond markets this year and are likely to do so again in 2013 as high oil prices prompt more exploration and development.
"Major oil companies are funding a lot of new projects, with oil prices substantially higher this year, and those projects also make more sense with low interest rates," said a senior credit strategist at one of the major bond houses in the US.
Oil and gas companies are always among the most active issuers of bonds in the US, given their large capital expenditure needs. But this year capex was even more stretched, as they worked to address rising prices.
Oil and gas companies also joined the rest of the corporate world in racing to take advantage of low interest rates to term out debt, as well as to fund new projects made more economic by the lower funding costs.
Hot money floodgates coming soon... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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