South Sudan financial state

Apr 24, 2017 at 10:00
575 Views
9 Replies
Member Since Feb 24, 2017   23 posts
Apr 24, 2017 at 10:00
Famine has been declared in parts of South Sudan, where UN agencies warned on Monday that war and a collapsing economy have left 100,000 people facing starvation As mentioned in this article (http://www.funds-money.com/oil-and-gas-companies/) that other Oil Companies are taking advantage the South Sudan’s vulnerable financial state. What are your thoughts on this?
Member Since Dec 11, 2015   1462 posts
Apr 24, 2017 at 11:24
It's a tragedy. I am not sure what is there to say that can encompass the situation.
Member Since Feb 12, 2016   507 posts
Apr 24, 2017 at 13:50
Whatever are thoughts, they will not help at all and only acts from the people there needs to be taken.

In such poor and far away from the world country, the companies will even not take all measures to keep the environment in order to maximize their profits, because they count on that that "the king is a cash" and they have it, but the Sudan government and the population doesn't. They just enter, take what they can and when leaves all is staying in ruins.
But, this is not surprising .... and most likely will not be changed ...
Member Since Feb 24, 2017   23 posts
May 01, 2017 at 11:01
Hi, I am thankful to you for sharing your thoughts.
Member Since Apr 03, 2017   7 posts
May 01, 2017 at 11:25
It is a problem but I am not sure how this information can be used for trading. Do you have any ideas?
Member Since Feb 24, 2017   23 posts
May 17, 2017 at 07:10
Economic crisis had a negative impact on the oil as it led to a steep decline in oil prices.
Member Since Feb 12, 2016   507 posts
May 17, 2017 at 11:00
michalinaobrien posted:
Economic crisis had a negative impact on the oil as it led to a steep decline in oil prices.


Sudan is on 32-nd place in the list of oil producer's countries. I do not believe this would impact the price at all.
Member Since Feb 12, 2016   394 posts
May 18, 2017 at 14:58
Ahh, poor situation. But I agree that there will be no impact on the trading market.
Accept the loss as experience
Member Since Dec 11, 2015   1462 posts
May 21, 2017 at 11:43
Rihann posted:
This is the capital state ...


What is the capital state? I am not sure I understand what you mean?
Member Since Feb 24, 2017   23 posts
May 24, 2017 at 07:03
well, i do understand that we have different views on things. I just want you to know that my opinion was based on this article (http://www.funds-money.com/oil-and-gas-companies/).
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