Eterna Oil Moves Smartly To Raise More Fund

I keep on wondering about the events in the Nigerian stock market since the beginning of the bearish season. Note that word-season. Very soon, the season will pass over and another one will be ushered in.

Much have been said about the loss investors had incurred over time in the market but less is being said about the smart groups who have been positioning themselves for the greatest wealth exchange ever. Not many have realized this. Millions are changing hands already and smart people are moving smartly to raise more funds even in the midst of loss of confidence in the market and are they succeeding? Yes of course.Time will tell.

I have been watching keenly how some companies had taken advantage of the bearish market to list their companies at the exchange so that they can monopolize the wealth as much as possible. This post is not about those companies. I am just doing this to make you put on your thinking cap. The stock market will never crash! It is a system controlled and manipulated by man and as long as man exists, the stock market will endure.

Now to the story of Eternal oil and gas. If you remember in my previous posts, I had reported about this oil company and the change of management which brought Fola Adeola the former GTB boss to head this company.

I was surprised when the investors prevailed on the managament not to offer the public the shares of the company in 2007 that they were ready to buy everything at private placement. They did exactly that. What does that mean to you? The investors saw a gold mine and they want to be handsomely rewarded for standing by the company when things were bad.

After the private placements, the public hoped that they can buy into the company as the bears continue to hold tightly to the market but alas, the management and investors have something up their sleeves. Shortly after the lift of suspension on the stock in February, they quickly applied for a public offer. They knew the stock will be suspended again and that achieved one thing at least-the free fall of the share price was arrested.

Eternal oil management and investors are smart-very smart. Think about the drive to raise N8.5 billion during the bearish season. Can't you see something? By the time the offer would have been completed-it is bound to be fully subscribed because the current investors are committed to the offer, the market would be bracing up to accommodate increase in the share price of this company which means more money for investors in capital appreciation. More wealth being made just like that. If you can, start to prepare to grab your own share when the public offer hits the market.

Don't say I did not tell you. This is your chance to become wealthy and make it in the Nigerian stock market. Don't follow the herds who have turn away from the market. Keep investing.