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Hilbroy Advisory: Middle East unrest, rising oil prices slam stocks
Hilbroy Advisory: Middle East unrest, rising oil prices slam stocks
Protests toppled longtime dictators in Libya's neighbors Tunisia and Egypt in the past month, and protests are continuing in Yemen and Bahrain.
Montreal,
Quebec,
Canada
(prbd.net)
23/02/2011
Montreal, Quebec, February 22, 2011– Hilbroy Advisory Inc. (DeutcheBörse: 2H0) Hilbroy Advisory Reports : Stocks fell sharply and oil prices spiked to their highest level in two years Tuesday as the unrest in Libya worsened.
Oil prices jumped 5 percent to $95 a barrel Tuesday. The fight between protesters and forces loyal to the Libyan leader Moammar Gadhafi threatens the country's oil production. Libya is the world's 18th largest oil producer, accounting for 2 percent of global daily output. It also sits atop the largest oil reserves in Africa.
The Dow Jones industrial average sank 176 points, or 1.4 percent, to 12,215 in afternoon trading. Bond prices rose, sending their yields lower, as investors sought safety.
At least 250 people have been killed in Libya so far, according to the U.N. Office of the High Commissioner for Human Rights. Key government officials have resigned and air force pilots have defected following a crackdown on protests in Tripoli, Libya's capital.
Among traders, the main worry is that unrest will spread to other oil-rich countries in the Middle East and North Africa. Protests toppled longtime dictators in Libya's neighbors Tunisia and Egypt in the past month, and protests are continuing in Yemen and Bahrain.
Oil producers rose with the prospect of a drop in oil supply. Chevron Corp. gained 2.5 percent, the largest gain among the 30 large companies that make up the Dow Jones industrial average. Exxon Mobil Corp. rose 1.5 percent.
About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential.
Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.
Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.
Contact:
Jean François Amyot
HilbroyAdvisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
info@hilbroyadvisory.com
www.hilbroyadvisory.com
Tel: 514-334-3131
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates", "believes", "could", "expects", "intends", "may", "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
About
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential.
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