I downloaded and registered with trove but I don't know the next step to take.
I want to invest in oil sector for a long term

Rutherford2019:
I downloaded and registered with trove but I don't know the next step to take.
I want to invest in oil sector for a long term

Next step is to fund your account.
Choose the US Dollar option to save you the hassles of post-funding conversion.

I hear the TSLA call isn't going quite well.

I am planning to put a higher amount in Chaka but I don't know if they are reliable like they won't run away with our money.

OakPearl:
I hear the TSLA call isn't going quite well.

Really, I thought it went up today.

OakPearl:


Next step is to fund your account.
Choose the US Dollar option to save you the hassles of post-funding conversion.

Thanks

Who is aiming to buy Chesapeake, I don't know if the increasing oil price will affect the company.

dunsin125:
What do you guys think about Occidental petroleum and Chekapeake. And any other stocks to buy.

This report copied from Yahoo Finance for your information

Chesapeake Energy Sinks on Report It's Preparing a Bankruptcy Filing

A report says Chesapeake Energy has held talks with creditors about a possible loan that could keep it operating while it navigates bankruptcy proceedings.
JOSEPH WOELFELUPDATED:APR 30, 2020 10:02 AM EDTORIGINAL:APR 30, 2020
Shares of Chesapeake Energy (CHK) - Get Report were falling sharply Thursday after it was reported the oil and gas company was preparing a potential bankruptcy filing.

Reuters, citing people familiar with the matter, said Chesapeake Energy has held talks with creditors about a possible loan that could keep it operating while it navigates bankruptcy proceedings.

The loan, referred to as debtor-in-possession financing, could total roughly $1 billion, one of the sources told Reuters.

Chesapeake Energy's talks about a potential bankruptcy filing are in the early stages, and the company has made no final decisions about how it plans to address its debts, the sources cautioned, Reuters said.

Chesapeake Energy didn't immediately respond to a request for comment from Reuters.

Shares of Chesapeake Energy fell more than 41% in in trading Thursday to $15.75.

While the stock has fallen about 80% this year, shares have had a recent strong run as oil prices have rebounded from unprecedented negative territory.

Last week, the oil and hydrocarbon driller announced it adopted a poison pill to thwart any takeover attempts spurred by its low stock price.

Earlier this month, Chesapeake shareholders approved a reverse stock split of one share for as many as 200 shares. The company is among the more financially precarious of the oil majors, with $192 million of bonds coming due in August out of a total debt load of more than $9 billion, according to Bloomberg.

Moody's cut Chesapeake’s credit rating into junk territory earlier in April.

Good morning guys .....i really appreciate the good work been done hear... God bless all contributors.


I am a newbie and I have tried to read up on previous messages on the thread. I intend to take up minimal risk for now while I continue to gather up knowledge on the market.. Someone mentioned investing $500 or more in etfs and how it's good for long term. Please a need clear advice on how to do this.... Do I need a domiciliary account for this..


Thanks in advance

naijaman0817:


This report copied from Yahoo Finance for your information

Chesapeake Energy Sinks on Report It's Preparing a Bankruptcy Filing

A report says Chesapeake Energy has held talks with creditors about a possible loan that could keep it operating while it navigates bankruptcy proceedings.
JOSEPH WOELFELUPDATED:APR 30, 2020 10:02 AM EDTORIGINAL:APR 30, 2020
Shares of Chesapeake Energy (CHK) - Get Report were falling sharply Thursday after it was reported the oil and gas company was preparing a potential bankruptcy filing.

Reuters, citing people familiar with the matter, said Chesapeake Energy has held talks with creditors about a possible loan that could keep it operating while it navigates bankruptcy proceedings.

The loan, referred to as debtor-in-possession financing, could total roughly $1 billion, one of the sources told Reuters.

Chesapeake Energy's talks about a potential bankruptcy filing are in the early stages, and the company has made no final decisions about how it plans to address its debts, the sources cautioned, Reuters said.

Chesapeake Energy didn't immediately respond to a request for comment from Reuters.

Shares of Chesapeake Energy fell more than 41% in in trading Thursday to $15.75.

While the stock has fallen about 80% this year, shares have had a recent strong run as oil prices have rebounded from unprecedented negative territory.

Last week, the oil and hydrocarbon driller announced it adopted a poison pill to thwart any takeover attempts spurred by its low stock price.

Earlier this month, Chesapeake shareholders approved a reverse stock split of one share for as many as 200 shares. The company is among the more financially precarious of the oil majors, with $192 million of bonds coming due in August out of a total debt load of more than $9 billion, according to Bloomberg.

Moody's cut Chesapeake’s credit rating into junk territory earlier in April.

Thanks

dunsin125:
Really, I thought it went up today.

It definitely gained.
Call option traders bet that the stock will fall; that's how they make their gains.
Their position is obviously due to Elon Musk's statement about Tesla being too high.

But in the end, as always, the market has a mind of its own.

OakPearl:


It definitely gained.
Call option traders bet that the stock will fall; that's how they make their gains.
Their position is obviously due to Elon Musk's statement about Tesla being too high.

But in the end, as always, the market has a mind of its own.

I prefer long term trading....the risk of loss is lower than short term.

STOCK FOCUS: Overstock.com (OSTK - $14.10)

I have been watching this stock for weeks now and it looks like the time to pounce is now.

Overstock.com is an online retailer and incubator of blockchain technology.
It suffered a terrible beating when it collapsed to about $2.53 on March 18th this year due to a poor financial performance.
Amazingly, they have reported a higher sales during this covid-19 season and have a great chance to appreciate in value in tandem with gains bitcoin is enjoying.

It is up 187% in the last 1 month and 17% in the last 5 days.
I will make a move purely based on speculative reasons but I may hold longer as it is a growth stock with enormous potential.
NOT A BUY OR CELL RECOMMENDATION.
DO YOUR DUE DILIGENCE.

dunsin125:
I prefer long term trading....the risk of loss is lower than short term.

Absolutely.
In the final analysis, we literally don't trade stocks, we trade patience.

afroxyz:


Plz how can I understand the stock market as good as you. And yes I've downloaded some books

You can even understand it better than me if you give it the adequate attention.
Get crazy about everything stock market devouring materials you dig up as you read.
Don't just read, DO!
I have learnt, knowledge is no longer power; it is applied knowledge that is power!

OakPearl:

Absolutely.
In the final analysis, we literally don't trade stocks, we trade patience.

Word bro

Guinness is on fire

rationalhuman:
Do people have good schooling?
Good Healthcare system?
Good universities?
Food security ?
Welfare system?

Both China and India have all above, I would be so naive to even assume that Nigeria can even stand with China and India.
Bro Come to reality. No doubt there will be huge population in Nigeria but The Unproductive Population , a Burden nothing else.

Above is true for all nations of this continent. If we combine all of our nations and make a united effort even then we will not be able to stand with China and India.

Food security, Basic Schooling , Average healthcare is all we need and must expect for next 30 years. And yes those 30 years are when we get good politician (which you know will be a miracle for us)

We can only hope

OakPearl:

You can even understand it better than me if you give it the adequate attention.
Get crazy about everything stock market devouring materials you dig up as you read.
Don't just read, DO!
I have learnt, knowledge is no longer power; it is applied knowledge that is power!

I've downloaded loads of books and bought courses on Udemy

YerYer:
The market is rallying after it was reported that Gilead's (GILD) Remdesevir drug showed positive results in treating corona virus patients. This is the same drug the WHO said was ineffective not that long ago. I expect the market to rally some what from this news. I'm hoping for some short squeeze in stocks like SPCE and SFIX.

I bought some Gilead shares premarket.

Sold Gilead (GILD) for a loss of $684. This was an impulsive trade that was made after the positive news about Remdesevir was announced. I was expecting the stock to rise at least past $95 but it never happened. Will cut my loss here and look for better opportunities.

afroxyz:


I've downloaded loads of books and bought courses on Udemy

Like he said and I will add, the best way to learn about stock is through experience.you need to start trading, as little as 50 or 100 dollars. Buy a share from a company you like.
As Nigerian, you can now buy US stocks through downloaded apps

I started investing in stock last year with very little knowledge, just the basics, I made money, lost money, I learnt from my mistakes,

YerYer:


Sold Gilead (GILD) for a loss of $684. This was an impulsive trade that was made after the positive news about Remdesevir was announced. I was expecting the stock to rise at least past $95 but it never happened. Will cut my loss here and look for better opportunities.

Many times I see a lot of politics in Trump speeches ..
.and that's because, Hope is what mankind needs...The last thing to die in a man...
Anything vaccine... should be avoided... Just my thoughts base on psychology...

dunsin125:
Lemme ask a question, is it likely this company bounces back with the new owners.

Yes very possible to bounce back once restructure had taken place, the company might also consider online shopping to improve sales

YerYer:


Sold Gilead (GILD) for a loss of $684. This was an impulsive trade that was made after the positive news about Remdesevir was announced. I was expecting the stock to rise at least past $95 but it never happened. Will cut my loss here and look for better opportunities.

Overall, you are a Net-Net Winner. That is trading for us. More wins will come in the market.

YerYer:


Sold Gilead (GILD) for a loss of $684. This was an impulsive trade that was made after the positive news about Remdesevir was announced. I was expecting the stock to rise at least past $95 but it never happened. Will cut my loss here and look for better opportunities.

Dont worry, the next one will be fine.

handsomebolanle:

Many times I see a lot of politics in Trump speeches ..
.and that's because, Hope is what mankind needs...The last thing to die in a man...
Anything vaccine... should be avoided... Just my thoughts base on psychology...

Rather unfortunate that the markets are looking at it this way, going by the latest news:

https://www.politico.com/news/2020/05/05/trump-stock-economy-rebound-coronavirus-238992

Trump’s hopes for ‘tremendous rebound’ crash into grim reality: Corporate leaders are rushing to reshape their businesses to ensure they survive. Their caution could again devastate the president’s favorite gauge of economic success: the stock market.

We should be aware that before the health pandemic, the economic projection for 2020/21 is that the US economy might fall into recession

At least there are good news from the German economy to reopen:
https://uk.reuters.com/article/us-health-coronavirus-merkel/germany-eases-lockdown-as-merkel-hails-end-of-pandemic-first-phase-idUKKBN22I24E

handsomebolanle:

Many times I see a lot of politics in Trump speeches ..
.and that's because, Hope is what mankind needs...The last thing to die in a man...
Anything vaccine... should be avoided... Just my thoughts base on psychology...

Good point. It is a game of chance, just like the lotto.

thesilentone:


Overall, you are a Net-Net Winner. That is trading for us. More wins will come in the market.

Exactly. Win some lose some, but overall I'm in the green.

lastclaire4:


Dont worry, the next one will be fine.

Thank you

ijedeikorodu:


Yes very possible to bounce back once restructure had taken place, the company might also consider online shopping to improve sales

Okay, lemme keepy eyes opened. thanks bro

YerYer:


Sold Gilead (GILD) for a loss of $684. This was an impulsive trade that was made after the positive news about Remdesevir was announced. I was expecting the stock to rise at least past $95 but it never happened. Will cut my loss here and look for better opportunities.

..
That's what I don't understand. .
Why not leave it till next month when it goes up
I mean how can I buy stock that I'm to sell after one year?