I have been watching this counter for a while, particularly post Chevron deal. Counter is in deep sleep while kenol is very active. What are the prospects?

nothing is happening... infact as a shareholder you should count yourself lucky that the price has remained stable...

if the chevron assets are profitable and with rising oil prices i'm very sure half year results will send the share price higher..

@richVee - You cant compare the stock performance to the firm's performance... not apples to apples comparison!

but the stock performance is a fair indication of the status of the company, no?
Surely, a shareprice that is stuck at the same price endlessly.. to me it seems like a dormant company. I think (imho) that when a stock moves up and down significantly, it indicates there is life in that house...akin to where there is smoke there is fire...

I still think Shell closing shop while Caltex exit is still so fresh in people's minds could be adversely affecting perceptions on Total but I believe this counter has good days ahead. So for me this is the time to stock up on Total. Just got a couple last week.

Traded 11,500 shares today to close at 30.75(up 0.50/= or 1.65%) with a high of 31.
This counter has been subdued for a long period and I think its best days are yet to be seen.
The management of Total did not buy Caltex for a flimsy reason, an analysis must have been done for them to go through with it.
An acquisition does not normally deliver immediate value to the shareholder just like:
Equity with the Uganda expansion(still making huge losses) but prospects are excellent
Access Kenya with Openview( Judging from recent comments from the management set to be profitable)
Mumias shareholders not yet realising FULL benefits of the Co-generation plant due to it repaying the PROPARCO loan.

From the above examples I think its safe to say that the "secret" of investing is to spot opportunities early on, instead of waiting for the benefits to accrue in the financial statements then rushing to your broker.
Anyone interested in Total should not wait for tHem to announce the results. I believe one should invest in companies which they only believe in the MANAGEMENT. Going by this mantra, you thus MUST trust the Total management was right to acquire Chevron Assets in Kenya.
If you don't trust the management, don't invest e.g I believe VVS will never touch Merali's companies since he doesn't trust him. Ama aje VVS?

Hey when will the loan that total used to finance the chevron deal be repaid?

@GG - That is wrong coz when the profits from Chevron start rolling in the Loan will be repaid... My point... is it will be 6-7 years not 13 years...

@GG - Chevron/Total have no stake in the refinery... Sold to Essar...

The market for petrol has GROWN in Kenya so the 17% of 2008 is lower than the 17% of 2009 which will be much lower than 17% of 2010...

I cant say whether Total made a good decision in buying Chevron/Caltex but I think the payoff will be sooner than 13 years.