These current strong bulls will be called 'calf' when post Q3 and FY24 results comes around...

Zagee:
Fun fact:
Oando has only experienced two months of "significant" profit taking(100m+ in volume) this year at circa 16 and circa 9.

The last 3 months witnessed strong bulls in excess of 300m+ in volume and 500m+ only in August.

brotherly:


Geregu with 435 MW capacity and 2.5b Ordinary shares is trading at 900 naira

how much do you think a company with 950MW and 12.5b ordinary shares trade?

I never add oil oh

That $1 is too low but I will abandon the boat for una when it gets there

mikeapollo:

A very good perspective.
Again, it could be suicidal for Oando to try and buy anything like government asset or property, considering all the bad press, controversies, rumours and misgivings about the importation of fuel from Malta.
The upstream sector and the assets under Oando are lucrative enough for the company to do well and make good returns.
Unlike the upstream sector where Oando currently operates, the refining and retail distribution sectors are labour- intensive, and I don't think it would serve Oando's interest. They just divested from the downstream, so going back to buy a refinery in the same midstream/downstream sector will be a clear case of lack of direction for the directors.

I don't think this is coming from you because you are so much in love with Oando .

megawealth01:


That $1 is too low but I will abandon the boat for una when it gets there

If e reach 1$ i fit jump out before you

Infact since I know say $1 gang don dey plenty I will jump before then

@ositadima1

Let me drop my 2cents.

Generally speaking, the oil business is a massive gamble. Here's what I mean: the current figures used are all estimates.
Secondly, any company with license in the E&P has sufficient resources to serve as collateral for loans. (Even Nigeria used oil to secure loans).
The profitability index of each sector is what each company needs to look into.

I don't think funding will be an issue IF OandO wants to secure either WR or PHR (though I feel they will rather build a smaller capacity refinery from scratch because of the moribund nature of those refineries).

Aside loans, they can raise funds through an IPO or RI which I believe will be OVERSUBSCRIBED...

ositadima1:


Have you appraised the level of damage and rehabilitation needed, or are you only seeing the share price of Oando? Oando's outstanding shares are 12,431,412,481. At ₦70 per share, it's worth ₦870,198,873,670, which is just $580,132,582 (rate $1,500). How much did Dangote use to build a new refinery? And what percentage of that do you think will be needed to rehabilitate these ones that have been left fallow for more than 30 years?

KarlTom:
i FIXED YOUR SUBMISSION...

Okay ooo, thanks.
You are indirectly saying that ''anything is possible'' and Oando could revert to the midstream/dowstream business

megawealth01:


OANDO has been doing 10% full week bonanza. FG need to bring all their funds into it so they can be getting 10% daily as many here has concluded it will continue doing 10% until bulaba lives power

Tinubu till 3000 May the Oando bonanza continue till KM 7000.

KarlTom:
@ositadima1

Let me drop my 2cents.

Generally speaking, the oil business is a massive gamble. Here's what I mean: the current figures used are all estimates.
Secondly, any company with license in the E&P has sufficient resources to serve as collateral for loans. (Even Nigeria used oil to secure loans).
The profitability index of each sector is what each company needs to look into.

I don't think funding will be an issue IF OandO wants to secure either WR or PHR (though I feel they will rather build a smaller capacity refinery from scratch because of the moribund nature of those refineries).

Aside loans, they can raise funds through an IPO or RI which I believe will be OVERSUBSCRIBED...

Why did Agip agree to sell for just $783 million, not even reaching a billion, if the asset promises substantial returns? Were they under some juju when they signed it away to Oando? Also, it's more cheaper to build a new refinery rather than purchasing those existing ones, same with that Ajaokuta steel. You'll end up sinking a significant amount of money just to bring them up to functionality and modern standards. Take your time and conduct thorough research.

They might enter Midstream: Refining
They divested from downstream: Retail outlets.

mikeapollo:


Okay ooo, thanks.
You are indirectly saying that ''anything is possible'' and Oando could revert to the midstream/dowstream business

I dropped the ENI FY20323 report here some days ago (I will search for it again).
I asked myself the bolded and took time to search for answers...

NB: Mobil, Shell and co are also selling some of their assets.
I will bring this up again AFTER the deals are completed...

I am in the industry...

ositadima1:


Why did Agip agree to sell for just $783 million, not even reaching a billion, if the asset promises substantial returns? Were they under some juju when they signed it away to Oando? Also, it's more cheaper to build a new refinery rather than purchasing those existing ones, same with that Ajaokuta steel. You'll end up sinking a significant amount of money just to bring them up to functionality and modern standards. Take your time and conduct thorough research.

Choiceguy:


I don't think this is coming from you because you are so much in love with Oando .

@godly maybe hacked the account?

KarlTom:
I dropped the ENI FY20323 report here some days ago (I will search for it again).
I asked myself the bolded and took time to search for answers...

NB: Mobil, Shell and co are also selling some of their assets.
I will bring this up again AFTER the deals are completed...

I am in the industry...

I'll be taking your post about oil and gas seriously now

KarlTom:
@ositadima1

Let me drop my 2cents.

Generally speaking, the oil business is a massive gamble. Here's what I mean: the current figures used are all estimates.
Secondly, any company with license in the E&P has sufficient resources to serve as collateral for loans. (Even Nigeria used oil to secure loans).
The profitability index of each sector is what each company needs to look into.

I don't think funding will be an issue IF OandO wants to secure either WR or PHR (though I feel they will rather build a smaller capacity refinery from scratch because of the moribund nature of those refineries).

Aside loans, they can raise funds through an IPO or RI which I believe will be OVERSUBSCRIBED...

Buhari spent over $19b ....
in maintaining four refineries ...
Within 8 years ...
That $19b that disappear with no results...
Revampin is a minor issue...
If they meant bizness..
They know what to do....

KarlTom:
I dropped the ENI FY20323 report here some days ago (I will search for it again).
I asked myself the bolded and took time to search for answers...

NB: Mobil, Shell and co are also selling some of their assets.
I will bring this up again AFTER the deals are completed...

I am in the industry...

Add the Nigerian(Government) factor to your analysis of the refineries .

Is it really difficult to make them work or it has been so because some people in NNpc have made it their work-chop?

We bless GOD that Oando didn't end in full offer today. The cry and blame games here for shock bulaba

This fair value maybe correct Pre-NAOC but it is far from reality Post-NAOC...

godlyguy:


Not possible. It will still trade at its fair value of #16

Be wise

Choiceguy:


I don't think this is coming from you because you are so much in love with Oando .

I am only being objective, separating the entity Oando and its business prospects from all the politics and baseless rumours.
Once I achieve the objective of my investment in Oando shares, I am done. And I move to FGN Treasury Bills.

KarlTom:
I dropped the ENI FY20323 report here some days ago (I will search for it again).
I asked myself the bolded and took time to search for answers...

NB: Mobil, Shell and co are also selling some of their assets.
I will bring this up again AFTER the deals are completed...

I am in the industry...

I downloaded it and reviewed it that day, but I didn’t see where the revenue from Nigerian operations was stated. Ok, aside from that, you might be thinking their focus on green energy explains the sale, but it still doesn’t justify selling so cheaply if it’s worth more.

Hopefully, Oando and Tinubu will manage it better than the Italians, but that remains to be seen.

godlyguy:


Not possible. It will still trade at its fair value of #16

Be wise

I was told similar things sir about Seplat; that it will surely drop, when Nestle was far more appealing than Seplat. Today I feel that I should have gone with my gut feeling on Seplat even though just like Oando, things happening seem like abracadabra. For Oando, I already have sufficient units from the days of 3.20 - 5.40 hence no matter how much it falls, I can't run at a loss so I will weather the storm.

Willie2015:


Buhari spent over $19b ....
in maintaining four refineries ...
Within 8 years ...
That $19b that disappear with no results...
Revampin is a minor issue...
If they meant bizness..
They know what to do....

$19b is minor.

megawealth01:
We bless GOD that Oando didn't end in full offer today. The cry and blame games here for shock bulaba

You are pulling some legs! We say give us your analysis on Oando, you no gree!

Some people are already regretting selling off when it dipped intra trading...
Almost 2million units traded at 76.90 between 14:15 and 14:30...

megawealth01:
We bless GOD that Oando didn't end in full offer today. The cry and blame games here for shock bulaba

mikeapollo:


I am only being objective, separating the entity Oando and its business prospects from all the politics and baseless rumours.
Once I achieve the objective of my investment in Oando shares, I am done. And I move to FGN Treasury Bills.

You are being realistic. You are learning WEALTH properly

Whenever I want to tell Oando faithfuls truth I get that emotional things from its supporters who are like AP* (If you complete the last letter na you sabi oooooo ) political part* members during the buildup of 2015 elect*ons so I just have to maintain my cool and allow Mr Time do its thing

KarlTom:
Some people are already regretting selling off when it dipped intra trading...
Almost 2million units traded at 76.90 between 14:15 and 14:30...

I think na Wale employed bois handwork?

perfectgen:


I was told similar things sir about Seplat; that it will surely drop, when Nestle was far more appealing than Seplat. Today I feel that I should have gone with my gut feeling on Seplat even though just like Oando, things happening seem like abracadabra. For Oando, I already have sufficient units from the days of 3.20 - 5.40 hence no matter how much it falls, I can't run at a loss so I will weather the storm.

SEPLAT not in the same class with your oando

KarlTom:
This fair value maybe correct Pre-NAOC but it is far from reality Post-NAOC...

Ok

KarlTom:
+10%

That is how una dey fail exam. Did I tell you that Oando race don end or you didn't understand the sentence . OANDO will go places but not in a straight line. I meant the mini bull that Oando elephantic movement triggered in some stocks, the moment he stopped, almost all of them stopped and some turned back. But Oando was still able to labour back to the terminal line. I dey in one of two others stocks that moved with Oando, and now they have stopped. From this point, Oando might continue alone. OANDO is also now set for real JIJO

MARKETJJC:



That is how una dey fail exam. Did I tell you that Oando race don end or you didn't understand the sentence . OANDO will go places but not in a straight line. I meant the mini bull that Oando elephantic movement triggered in some stocks, the moment he stopped, almost all of them stopped and some turned back. But Oando was still able to labour back to the terminal line. I dey in one of two others stocks that moved with Oando, and now they have stopped. From this point, Oando might continue alone. OANDO is also now set for real JIJO

JiJo with caution ooooo

godlyguy:


SEPLAT not in the same class with your oando

The issues that pulled back Oando were the various boardroom squabbles, shareholders and SEC issues.
Right now, in terms of the industry, oil reserves and productive assets, Seplat and Oando are virtually contemporaries .
Don't be surprised to see Oando going for four figures like Seplat, in the long term.

mikeapollo:


The issues that pulled back Oando were the various boardroom squabbles, shareholders and SEC issues.
Right now, in terms of the industry, oil reserves and productive assets, Seplat and Oando are virtually contemporaries .
Don't be surprised to see Oando going for four figures like Seplat, in the long term.

He is insulting our Oando. OANDO is bigger than SEPLAT.

Who is SEPLAT to compare with a whole bulaba Oando?

Oando has reached the hard levels where only strong fundamentals can pull it through. I will be waiting for the deeps to ride it.

There will certainly be pullbacks and profit taking this coming week and prices may stagnate around ₦60 - ₦85.

There is a court case coming up soon and also their earnings report.

Anything is still possible with Oando. I already have 50,000 units locked down and will be adding more as it hits support levels.

Aradel To Acquire NNPC, Totalenergies Oil Fields

https://punchng.com/aradel-to-acquire-nnpc-totalenergies-oil-fields/

Bulaba should have given Oando this too