repost:
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Don't know if this issue has been discussed on this board, but clearly all businesses in the JDZ are potentially severely affected by Nigerian terrorism and infighting.
"Since 2004, an insurgency has broken out in the Niger Delta, Nigeria's oil-producing region. The desperately impoverished local residents of the Niger Delta have seen little benefit from Nigeria's vast oil riches, and rebel groups are fighting for a more equal distribution of the wealth as well as greater regional autonomy.. Violence by rebel groups has disrupted oil production and reduced output by about 20%. Nigeria is one of the world's largest oil producers, and supplies the U.S. with one-fifth of its oil. "
- My thoughts are that this is already well factored into the share price. My question is whether or not there has been a particular incident that had immediate effect upon the share price in the past? Of any of the oil companies in the JDZ? Not just ERHE. Can anyone provide any information or link to the largest negative event regarding terrorism in Nigeria, specifically to oil as well as in the area because of the effect oil money has on the people?
Thanks,
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MBA, did I say there had been some? You are putting words into my posts that just aren't there. The fact is, hypster posters don't like to hear of possible negatives about ERHE or other JDZ stocks, none whatsoever. Read the post again, then look at your reply, and you will see you have attacked without actually looking at my post.
