Accounting Issues in the Oil and Gas Industry: Ebele Kemery

Despite coming under increasing criticism over the past few years, the oil and gas industry has continued to grow not only in size and power but also in influence on its related industries. For example, the shear impact of the oil and gas industry and their specific requirements has resulted in the demand for a whole new set of criteria for accountancy services. This can partly be attributed to the heavy investment into areas such as research and development by the industry which can be hard to track. The general success or failure of a project in these areas can alter how it is reported in order to ensure that the involved expenses can be appropriately capitalised upon.

With this in mind, the oil and gas industry use 2 key forms of accountancy reporting. There is always an accountancy issue when it comes to the various methods of accountancy and financial reporting. These are known as "successful efforts" (SE) and "full cost" (FC). For successful effort reporting methods costs are capitalised for successful efforts where as unsuccessful efforts (also known as dry hole projects) and their resulting associated operating costs are charged against the revenues for that period. In contrast to the successful efforts reporting method where projects are reported separately depending on how positive an outcome they have the full cost reporting method groups all expenses relating to new projects.

Depending on how these expenses are reported will impact upon how a company reports their cash flow and net income. However in an attempt to develop a more cohesive procedure for financial reporting within the oil and gas industry FASB recently stated in the Standard of Financial Accounting Standard that all oil and gas companies are required to use the SE reporting method. However with all these variations in financial reporting and the associated impacts which it can have if done incorrectly have resulted in universities recognising this gap in accountancy skills. By doing this many universities and professional institutes and bodies have developed offshore oil and gas industry financial reporting and accountancy qualifications to reflect the variations in procedure and requirements. For example Robort Gordons, which is based in Aberdeen the European hub for the oil and gas industry, now, offers oil and gas industry, focused degrees such as a Masters in Oil and Gas Accounting. These qualifications aim to combine generic and industry specific modules to respond to the increasing demand for multidiscipline accountants for the industry. By encouraging the development of employees with a combined academic and industry experiential knowledge it is clear that no matter what specialism you work in there will always be that demand for a multidisciplinary approach.

Ebele Kemery is a member of the Global Fixed Income, Currency & Commodities (GFICC) Group. Based in New York, Ebele is the head of Energy Investing within the Commodities team. Prior to this role, she provided institutional client relationship management and tailored risk management solutions in the Investment Bank’s Global Commodities Group.

Ms. Ebele Kemery has proven track record of robust and consistent profitable returns in commodities. And Increased assets under management through strong performance and development of customized solutions that leverage a wide variety of market techniques.

To read more, please click here!

Trading From A Fund Manager's Point Of View: Ebele Kemery

It is crucial to keep an eye out for other players while trading in the forex market. By examining their roles, you may be able to improve your own trading approach. Other than specialist like Ebele Kemery, who else could better do this?

Banks used to dominate trading, but that all changed when people learned how to trade right from their desktops. The daily movement of currencies across the globe, having a net worth of a trillion dollars, occurs via the banks. Governments and worldwide corporations are transacting these huge figures of money. To advance their long range economic goals these entities trade on the forex market.

Appreciating the big picture is an important lesson that comes from understanding the behavior of banks, governments and global corporations, whose huge money flows in the forex market support a flexible target, creating an inherent range in the price movement. The market responds by trading within these ranges. When the prices near these targets, there will be expected huge resistance. By looking at weekly price charts, the big picture of the range behavior of the currency pairs emerges.

The fund manager is another important factor that you have to take into account. These bodies collect quite some money from investor's around several millions of dollars. To accomplish their total return goals, they organize a trading operation. Fund managers will work for a fee, and search for profits afterwards to be divided with the investors. The common practice in the industry is to share profits along a grid calibrated to performance.

But what can fund managers demonstrate to you about trading? It is imperative for you to find out how they function before delving in that question. Fund managers in trading of forex usually have long range objectives. These people opt for steadiness in performance. They analyze risk and get as much information, all in order to lessen the drawdown of equity.

Fund management companies are valuable to understand because they have access to a great deal of information about the forex market. Ms. Ebele Kemery a Portfolio Manager associated with JPMorgan Investment Management says that Information and management of risk are the most important factors to fund managers who want to attain long range profits. What might the traders have to realize from this?

At a minimum, we can see that risk control is vital. Compared to a trading team from a money managing company, a self-directed trader does not have that much of information at hand. Yet, a self-directed trader can employ a risk control tactic, measuring each trader against its risk target. It is likely and common that individual traders will tolerate greater risks per trade than fund managers would, but having a risk plan is important in itself.

Another difference between individual trading and fund managing is time. The individual trader does not have the time to stay in a drawdown period and recover his position. The fund manager has the staying power to ride the volatility waves to a recovery. This is a crucial gauge that tells you about the fund's performance and at the same time, it is also the greatest benefit from the fund manager's viewpoint.

While the individual trader cannot emulate a fund manager in his ability to contain risk, the individual trader can learn from the components that measure fund performance by applying them to his own trading. By implementing professional performance measures such as average monthly return, maximum drawdown, percent positive months, individual traders will be able to gain insight into their weaknesses.

The fund manager can easily access large amounts of information, use huge capital and set long-term objective's making the trades on another level altogether. The viewpoint of the individual trader is how to make a fast buck within the day or hour. Once you view forex as having long run benefits you start thinking of putting only a part of money in short term trading and use the main part in longer deals. This strategy is like having the best of both worlds, and it seems to be one that will work.
To read more, please click here!

Buying Foreclosures in the Pre-foreclosure Period - Ebele Kemery

Investing in foreclosed real estate can be profitable. Do you have to wait until the foreclosure auction to buy a residential foreclosure property? No. You can buy a property in pre-foreclosure. The time period between the foreclosure auction and the foreclosure notice is called pre-foreclosure. Purchases in pre-foreclosure are in most ways comparable to a common real estate transaction: You negotiate with the house owner, sign a purchase agreement (contract), and proceed with the deal. The big difference is that instead of the house owner choosing to sell the home on his own, he is forced into selling the property to avoid the foreclosure.

You may find a distressed homeowner in the first stage of foreclosure by looking into public notices. It will list the bank's attorney, and you may contact the lawyer for more information about the property. You shouldn't be surprised if he is friendly but not especially cooperative: He offers legal services and working as a property receiver is only one of these services. He is paid to organize paperwork and execute the foreclosure sale, certainly not to act as a real estate information hotline.

If you are interested in the house, contact the homeowner immediately. Keep in mind that the homeowner is already under a substantial amount of mental pressure. Don't be surprised if he doesn't respond favorably to your request, at least not initially. You will need to be respectful, tactful, and aware of the strain the homeowner is under. They will try desperately to hold onto hope that things may somehow work out.

When the homeowner is relatively receptive to your approach, then you will need to see whether there is sizeable equity in the property. Let's say that the property has a projected market value of $150,000. You have been able to inspect the property, and other than needing a little exterior repair, it is in good enough shape. You estimate you will spend $5,000 getting the property ready to sell. So, you determine that your walk-away price is $125,000, which leaves you enough room to make the sizable profit you want and at the same time covering the cost of repairs and your holding cost (payments you must make, utilities, etc.). If $125,000 is still owed on the mortgage, you probably will not be able to purchase it for less than $125,000. Although sometimes a homeowner may accept less than the owed amount, the chances are slim.

If a legal judgment has already been made, the homeowner must come up with enough money to satisfy the judgment. When the homeowner doesn't have much equity in the house, you are unlikely to be able to pull off a price significantly lower than the property's value. And if you cannot buy under the market value, you will never make enough a profit.

If you manage to get a short sale with the bank on the homeowner's behalf, you can buy the foreclosed property for less than the balance currently owed and the homeowner does not have to compensate the lender for the difference.

Investing in foreclosures takes time and effort but can result in profits
Ebele Kemery is a Commodities Leader, a member of the Global Fixed Income, Currency & Commodities (GFICC) Group.
Ms. Ebele Kemery has a track record of consistently profitable trading efforts, and expanded business through understanding of client needs and developing customized solutions that leverage a wide variety of techniques and market intricacies.
To read more, please click here!

The Tax Benefits of Natural Gas Investing: Ebele Kemery

Any type of investing has an element of risk. Investing in the exploration of natural gas is no different. Investing in the exploration of natural gas is not like commodity investing. When you are investing in a commodity, such as gas or oil, you trying to buy low and get a return when the price rises. When you invest in the exploration of natural gas, however, you are investing in an opportunity to find natural gas by drilling. Because natural gas is so very much desired and a necessity commodity, there are various tax benefits that go along with investing in natural gas.

When you invest in commodities, you get no tax benefits. If you make money on the investment, you pay a capital gains tax on what you make. This is not the case when you are investing in natural gas exploration. You can write off a dry hole, for example, and any cost that comes from drilling for the gas can be written off in the first year of the investment.

If the project is successful, you can write off the profits over a period of years. This can often include depreciation over the life of the well. Many investors will do a straight line depreciation over a course of seven years. You cannot do this when you are investing in stock, for example, that makes huge gains. There is a significant decrease in the capital gains that you have to claim on your investment.

If the project is unsuccessful and it ends up with a dry well, you can write off as much as 65 percent of the loss. This can actually reduce your tax bracket, saving you money when you prepare your income tax. The 65 percent loss write off is one of the reasons why many investors are eager to participate in the investment of gas or oil exploration as even a loss can end up again when it comes to tax time.

The reason that there are such tax incentives when you are investing in natural gas exploration is that the government wants to encourage these types of investments. While investing in stock that goes up can benefit both you and the company that owns the stock, a profit in the field of natural gas exploration can benefit the entire nation. This is the reason for the significant tax benefits when investing in natural gas exploration.

Even if you lose, you win, when you choose this type of investment. If the investment does pan out and the drilling is successful, you can find that you earn a high return on your initial investment that can often be stretched out to the life time of the well, allowing your tax benefits to continue well into the future.

Ebele Kemery a Portfolio manager and associated with JPMorgan Investment Management. Ms. Kemery is responsible for formulating our view and investment decisions for major energy commodities including, but not limited to: crude oil, gasoline, heating oil and natural gas.

Ms.Ebele Kemery is a Commodities Leader with a track record of consistently profitable trading efforts, and expanded business through understanding of client needs and developing customized solutions that leverage a wide variety of techniques and market intricacies.
To read more, please click here!

How Effective Is Automated Forex Trading? Ebele Kemery

Ms. Ebele Kemery: Finance these days can be scary, and it is difficult to figure out where money should be invested to bring the best return. Some invest in property, some in jewelry, but foreign currency trading seems to be one of the biggest forms of investing. If you are interested in dealing with the foreign currency market and wish to gain a profit, then you should really check out our automated Forex trading systems. Automated Forex trading is an efficient system to predict on the rise and fall of the currency rates and automatically execute profitable trades instantly without user intervention.

The best Forex software is the one that provides you reliability, proven trading records at a fixed lot and is affordable too! Whether it is technical analysis, or fundamental analysis, automated Forex trading system is a prospective way to do currency trading. With an auto trading system, signing up a trading account is an easy process, and moreover, at the very next moment, you would begin earning profits.

Forex market is a 24-hour market, and with automated Forex trading software users are not bound to follow the market constantly. The automated trading system monitors the market without fatigue and with complete assurance on users' accounts. The automated trading system not only provides huge returns on your investment, but it also gives an edge to both experienced and novice traders. Automated Forex trading is more likely to make practical decisions even in the most erratic and real time situations because there is no emotional or personal attachment to the trades.

It takes at least 5 years for novice traders to become profitable; hence, it is recommended to use automated trading in parallel as new traders are learning how to trade. It is wise to have two accounts: one account for manual trading and another for automated trading. Users can review their manual trading account versus the automated trading account and compare for consistency and profitability.

The automated Forex trading software must work all the major Forex brokers. It must have stable and consistent results regardless of market volatility. Most Forex trading software tend to have too many features listed on their interface. This gives the traders more control but also more opportunities to make mistakes.

The foreign currency market runs 24 hours a day, 5 days a week, and it does not have a centralized exchange. Unfortunately, humans do not have the ability to follow the foreign currency market, 24 hours a day, so having a Forex auto trading system will get you ahead in the race. Forex EAs, or robots, can assist you in monitoring the market on a continual basis and perform trading activities without your intervention. Wouldn't you have a better night's sleep knowing your investment is secure and is making money for you?

Therefore, look for an automated Forex trading system that has been running in real time with a track record greater than one year. Get yourself indulged in the world's largest trading market, and obtain an edge with automated trading system. Yeah! It really works!

Ebele Kemery has a decade of experience in Finance, Investment Management, Sales, Trading and Commodities. Satisfy all risk management requirements. Consistently promoted; recognized for development and leadership strengths. Ebele Kemery has Strong analytical approach; full-tuition scholar from top-tier university possessing a Bachelors in Engineering in Electrical Engineering.
Visit: http://ebelekemery.tumblr.com/

Energy Competitions Starts With Restructuring - Ebele Kemery

Energy competition is primarily composed of natural gas and electric utility companies vying for long term customers. This industry is a large, heavily capitalized and highly competitive business that operates on a global level.
There is intense competition in the worldwide markets. The natural gas industry is closely connected to the discovery and creation of oil, which means that major oil companies are also engaged in energy competition within the natural gas division.

The spread and supply of the natural gas commodity is in many ways similar to the diffusion and delivery of electricity, and these commodities are treated similarly in restructuring markets where direct sales are permitted.
Prior to the reorganization of these markets in many states across America, companies found and manufactured the commodity and sold the resulting product to transporters that in turn transported it to distributorship operations.

These distribution companies make the commodity available in the open market for consumers to purchase and utilize. Under this traditional model of regulated markets, the need to contend was nonexistent as the business was incorporated from top to bottom allowing for all components of the production, distribution and sale of energy to be provided as a "bundle" to customers. Under federal regulation the industry was monopolized by public utilities.

The era of restructured and introduction of marketers of the commodities has opened up the power industry worldwide including the United State where about half of the states have adopted legislation to allow for market reorganization. The process essentially involves "unbundling" the supply component from the transportation component and expanding the customer choice.
Ebele Kemery believes that in the environment of restructured various aspects of the process can be entirely separated. Utilities can manage some but not all components of producing, delivering and selling energy to end users.

The increased energy competition conditions are causing the industries to undergo fundamental restructuring. There is intense rivalry among companies being introduced to the market and working within the market. Top to bottom organization has been replaced by lateral organization.
Within today's domestic market where the energy competition has advanced more than in almost any other market worldwide there has been a move away from the secure but restricted prices and extended contracts.

This is causing a wholesale change in the way each of the traditional components of the industry operates. Never-before-seen players, such as marketers who act as the liaison between traders of natural gas and electricity, have emerged.
Energy competition in the market place has impacted the delivery of power. This function was traditionally performed by companies that were financed through private investment or local governments.

Historically these public utilities had exclusive rights to distribute the commodity within specific geographic boundaries. Changes in markets have opened them to other companies who are also vying for customers.
Restructured and unbundling of services has ushered in options for separate contracts for storing and auxiliary services and well as discounts.
Most large users tend to buy natural gas and electricity directly from manufacturers or sales marketers while smaller use customers continue to purchase through local distribution companies involved in this market.

Ms. Ebele Kemery is a member of the Global Fixed Income, Currency & Commodities (GFICC) Group. Ebele is also a Portfolio manager - Head of Energy Investing at JPMorgan Asset Management. She has proven track record of robust and consistent profitable returns in commodities. And increased assets under management through strong performance and development of customized solutions that leverage a wide variety of market techniques

Advantages of Currency Derivative Trading by Ebele Kemery

Trading in the Stock Market can be done through various manners. While some choose to buy and sell stock/shares, there are others who choose to trade through derivatives.

Derivatives are basically financial instruments or contracts which base their value on the performance of spot market price, (also known as the underlying variable market conditions such as bond, stock or currency. These underlying market conditions may be interest rates, market indexes, equity prices, currency exchange rates, market securities and credit. These transactions can be of different types such as futures, options, swaps, floors, caps, collars, structured debt obligations and deposits, forwards; or any combination.
Derivative Trading usually takes place on a separate/individual derivative exchange/a separate segment of an existing stock exchange.

There are two types of derivative instruments which are traded;

Futures: This is an agreement between two parties, either to buy or sell a particular asset at a certain time in the future at a certain price. Future contracts are usually settled in cash. These are particularly used in the commodities market. Future contracts are always denominated in a particular currency; where the purchase a speculation for the value of the commodity as well as the currency in which the contract is made.

Options: This is a contract where the investor has the option - not an obligation to buy or sell an underlying at a future stated date at a pre-determined price. They may be of two different types:

- Calls: These give the buyers the right (not an obligation) to buy a particular given quantity of the 'underlying asset' at a particular price; either on or before a pre-decided date.
- Puts: These give the buyers the right (not the obligation) to sell a particular quantity of an underlying asset at a particular price; either on or before a pre-determined date.


All option contracts are settled in cash

There are two categories of derivative contracts:
1) Over-the-counter (OTC) derivatives: These types of derivatives do not trade on formal stock or future exchanges or through a centralized counterparty.
2) Exchange-traded derivatives: These types of derivatives are traded through specialized derivative exchanges or any other exchange.

The foreign currency market, which is the largest trading market in the world, is also known as 'FX' or 'Forex'.
This market is based on trading on currencies. This market trades currency derivatives - financial instruments which are based on foreign currency.

What are Currency Derivatives?
These are types of contracts where currencies are traded in the form of futures or contracts and can be traded as assets in their own right. Investors who choose to buy future contracts in currencies are buying the right to exchange a certain amount of a particular commodity at a future date.
This type of trading usually involves the following parties:
•    Traders-importers/exporters
•    Arbitrageurs
•    Speculators
•    Hedgers
•    Stockists


Advantages of Currency Derivatives Trading
1. Hedging: Hedging basically refers to making an investment where you can reduce the risk of price movements in an asset. You can not only protect your foreign exchange exposure but also hedge potential losses by taking necessary positions for the same. For e.g. you could hedge if you had a feeling that the USDINR was going to depreciate.

2. Speculation: Speculation refers toengaging in risky financial transactions with an attempt to make profits from short or medium term fluctuations in the market value of a tradable good.

3. Leverage: Leverage basically refers to the use of different financial instruments or borrowed capital such as margin so as to increase the potential return of an investment. By trading in currency derivatives by just paying a % value known as the margin amount instead of the full traded value

4. Arbitrage: Arbitrage refers to the process of purchasing and selling the same security; at the same time in different markets. This is done to take advantage of a price difference between the two separate markets.

5. Style of Trading: There is transparent online trading and no insider trading involved in currency trading

Ebele Kemery is a Portfolio manager - Head of Energy Investing at JPMorgan Asset Management. Ebele Kemery has proven track record of robust and consistent profitable returns in commodities.. Ebele provides useful tips and knowledge on wide array of online trading services such as equity, currency derivatives, bonds and debentures, mutual funds and gold investment.
For more info please visit: http://ebelekemery.strikingly.com/