mkonomtupu wrote:@VVS, Total is not doing okay, things are thick in this environment the setting of prices coupled with the loan they used to fund the chevron acquisition. NOCK is even in a better position in my opinion, even if they mess it can always go back to GoK for funding as a "strategic parastatal". KK will still take a hit on the kenyan front despite rosy comments from the MD they still have significant operations in Kenya
NOCK - Sad but true. Note, I said I hope it fail not that it will since NOCK has taxpayer cash + godfathers in MoE.
Total - Since it is only in Kenya, it can hurt but 2010 seemed a turning point for them.
KK - Yes, Kenya remains a sore spot for KK but with high oil (& fuel) prices, KK cannot be blamed. Some stupid MPs, MoE, NOCK, etc are trying to blame OMCs but it is failing. Regional expansion is key. I trust KK's management so short of catastrophe, it will be OK...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett