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Hilbroy Advisory: Libya ceasefire shoots down oil prices
Hilbroy Advisory: Libya ceasefire shoots down oil prices
Bahrain's Shiite opposition meanwhile called for fresh demonstrations after Friday prayers, in defiance of martial law and a violent crackdown by the US-backed kingdom's security forces.
Montreal,
Quebec,
Canada
(prbd.net)
21/03/2011
Montreal, Quebec, March 18, 2011– Hilbroy Advisory Inc. (DeutcheBörse: 2H0) Hilbroy Advisory Reports: World oil prices fell Friday in volatile trade after major crude exporter Libya called a ceasefire with rebels, easing fears about possible damage to its energy facilities.
Brent oil dived US$3 immediately after the ceasefire announcement, compared with its level in the minutes before. Brent North Sea crude for delivery in May recovered slightly to stand at US$113.29 a barrel in late London trade, down US$1.61 from Thursday's close.
New York's main contract, light sweet crude for April, was US$1.20 lower at US$100.22. Earlier Friday and ahead of the ceasefire announcement, crude futures rose in response to the United Nations sanctioning air strikes against Libya, where popular unrest has practically halted exports of its crude to the West.
A coalition of Western nations geared up Friday to quickly launch air strikes against the north African country after the UN approved military action to prevent Kadhafi crushing the insurgency. Libya was producing 1.69 million barrels a day before its recent unrest, according to the International Energy Agency, of which 1.2 million were exported, mostly to Europe.
However the IEA said this week that Libya's oil exports would "remain off the market for a considerable time". Unrest in oil-producing Bahrain was also contributing to the market jitters. Standard & Poor's said Friday it had cut Bahrain's long- and short-term local and foreign currency sovereign credit ratings because of mounting political unrest in the Gulf monarchy.
Bahrain's Shiite opposition meanwhile called for fresh demonstrations after Friday prayers, in defiance of martial law and a violent crackdown by the US-backed kingdom's security forces.
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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