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KENOL/KOBIL
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VituVingiSana
#401 Posted : Wednesday, July 21, 2010 9:14:22 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,261
Location: Nairobi
I am so pissed... I had my order all set but nada! Well, I had to pay 10.15 (after I read the Press Release) but just got a few... Anyway, now we await the 1H 2010 Results!

I wish the cases against KPRL & KPC get concluded asap. I wanna see those guys collapse/bankrupt & KK takes over the system!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#402 Posted : Thursday, July 22, 2010 1:18:31 AM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
The Saga continues:KPRL denies blocking KK's fuel..KPRL goes on to say KK owes it 600M...apparently KK is the only oil marketer that has refused to pay thus giving them an advantage...story in The Standard...
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VituVingiSana
#403 Posted : Thursday, July 22, 2010 5:49:30 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,261
Location: Nairobi
the deal wrote:
The Saga continues:KPRL denies blocking KK's fuel..KPRL goes on to say KK owes it 600M...apparently KK is the only oil marketer that has refused to pay thus giving them an advantage...story in The Standard...
KK has balls! The rest will jump to KK's side once KK wins [In law it is known as a precedent] & many might even ask for a 'refund' from KPRL since 1999 thus leaving KPRL bankrupt!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mozenrat
#404 Posted : Thursday, July 22, 2010 10:03:01 AM
Rank: Veteran


Joined: 5/18/2008
Posts: 796
VituVingiSana wrote:
the deal wrote:
The Saga continues:KPRL denies blocking KK's fuel..KPRL goes on to say KK owes it 600M...apparently KK is the only oil marketer that has refused to pay thus giving them an advantage...story in The Standard...
KK has balls! The rest will jump to KK's side once KK wins [In law it is known as a precedent] & many might even ask for a 'refund' from KPRL since 1999 thus leaving KPRL bankrupt!


I guess that's why KPRL won't relent.. they know if they agree to this, they're done for...

Its Sad that the other oil marketers prefer to watch from the sidelines..
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VituVingiSana
#405 Posted : Thursday, July 22, 2010 10:14:42 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,261
Location: Nairobi
mozenrat wrote:
VituVingiSana wrote:
the deal wrote:
The Saga continues:KPRL denies blocking KK's fuel..KPRL goes on to say KK owes it 600M...apparently KK is the only oil marketer that has refused to pay thus giving them an advantage...story in The Standard...
KK has balls! The rest will jump to KK's side once KK wins [In law it is known as a precedent] & many might even ask for a 'refund' from KPRL since 1999 thus leaving KPRL bankrupt!

I guess that's why KPRL won't relent.. they know if they agree to this, they're done for...
Its Sad that the other oil marketers prefer to watch from the sidelines..
I believe GoK will negotiate a 'private' deal where KK gets some benefits while KPRL gets a higher refining fee...

IMHO, I hope there is no resolution so KPRL goes bankrupt [coz I believe KK will win] & we get rid of the KPRL monopoly...

Oh, and as a KK shareholder... I make out like a bandit!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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cnn
#406 Posted : Thursday, July 22, 2010 10:38:18 AM
Rank: Veteran


Joined: 6/17/2009
Posts: 1,622
There seems to be a lot of dirty games in the oil industry.Imanyara is now seeking a statement from the MOE on the new rules allowing importation of 30% of national requirements by NOCK, instead of the existing open tender where the most competitive firm is allowed to import oil on behalf of the other firms.
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VituVingiSana
#407 Posted : Thursday, July 22, 2010 11:24:00 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,261
Location: Nairobi
cnn wrote:
There seems to be a lot of dirty games in the oil industry.Imanyara is now seeking a statement from the MOE on the new rules allowing importation of 30% of national requirements by NOCK, instead of the existing open tender where the most competitive firm is allowed to import oil on behalf of the other firms.
Damn straight! Shell MD said that NOCK has never been the most competitive so what give them 30% coz it is subsidising NOCK's inefficiency...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mBiaLoss
#408 Posted : Thursday, July 22, 2010 11:39:56 AM
Rank: New-farer


Joined: 6/23/2010
Posts: 52
Location: Majuu
I am one of the loosers in this saga!! I had a purchase order at 9.30 and so it seems we wont get there....Anyway for now I will leave it GTC...
I am desperate for bad news on this stock, although I bought previously at 10....I need that averaged down...to 9 atleast
As an investor I behave like a tick, patiently waiting on grass and larch onto the first cow that shows up. As an investor I dont behave like a tick...I jump off the the cow as soon as am fully engorged before it dies...
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Horton
#409 Posted : Thursday, July 22, 2010 11:44:11 AM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
I wonder how much more cheaper( or more expensive) refined oil is. I say cheaper, because, from a good refinery, u get over 70%-85% white oil(the good stuff...jet a1, super etc) and then there is the really worthless stuff...tar etc that is known as the black fuel. Our kprl, churns out a 50-50 ratio. Which is jes terrible. On the flip side, refined fuel duties might be a hinderance.
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VituVingiSana
#410 Posted : Thursday, July 22, 2010 12:15:04 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,261
Location: Nairobi
Horton wrote:
I wonder how much more cheaper( or more expensive) refined oil is. I say cheaper, because, from a good refinery, u get over 70%-85% white oil(the good stuff...jet a1, super etc) and then there is the really worthless stuff...tar etc that is known as the black fuel. Our kprl, churns out a 50-50 ratio. Which is jes terrible. On the flip side, refined fuel duties might be a hinderance.
HUGE difference!

1) Refineries are optimised for different Crudes. We import Murban but if we import white oils we can import what we want & need from the CHEAPEST source whether Dubai, Abu Dhabi, Iran, S.Africa, India, etc...
2) KPRL has a lousy distillation ratio for White Oils. So we are paying Kes 6-10 'extra' coz the skimming technology is ancient...
3) Why produce Black Oils when not needed? In winter in Europe, they sell Black Oils cheaper coz they can't use it... We can import from UK/Europe...
4) Uganda plans to refine it's crude in 4-5 years. We can import REFINED products from them including Black Oils.

Bottomline: The Oil Majors wanted out from KPRL for years... Then Essar/Libyans came along coz of the PROTECTED monopoly! If there was no monopoly, they would not have come here!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#411 Posted : Thursday, July 22, 2010 12:26:54 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
if it's corruption you guys are talking about...WHO OWNS KENOL KOBIL?
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VituVingiSana
#412 Posted : Thursday, July 22, 2010 12:34:01 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,261
Location: Nairobi
the deal wrote:
if it's corruption you guys are talking about...WHO OWNS KENOL KOBIL?
Don't shout. Look at the Annual Report. It has the top 10 shareholders...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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cnn
#413 Posted : Thursday, July 22, 2010 12:48:23 PM
Rank: Veteran


Joined: 6/17/2009
Posts: 1,622
@the deal,several thousands Kenyans too,and i am one of them.
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mwenza
#414 Posted : Thursday, July 22, 2010 1:52:44 PM
Rank: Elder


Joined: 4/22/2009
Posts: 2,863
My worry is that the other day the government,through CCK, was on Safaricom's case. Now they are KK's case via KPRL..............Who is next in the line? This our government never ceases to amaze. Its in times like this when one misses Moi the brari uji baridi.
IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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VituVingiSana
#415 Posted : Thursday, July 22, 2010 1:56:15 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,261
Location: Nairobi
mwenza wrote:
My worry is that the other day the government,through CCK, was on Safaricom's case. Now they are KK's case via KPRL..............Who is next in the line? This our government never ceases to amaze. Its in times like this when one misses Moi the brari uji baridi.
I do not miss moi coz his administration was inept & corrupt!

At the time Kobil was 100% biwott & there was no leeway for anyone else to complain. Post-2002, biwott saw the writing on the wall. He then 'sold' Kobil to Kenol as well as reducing his shares in KK.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Wa_ithaka
#416 Posted : Thursday, July 22, 2010 2:11:59 PM
Rank: Veteran


Joined: 1/7/2010
Posts: 1,279
Location: nbi
At the end of the day, Biwott stole KK or bought it with stolen money from Kenyans.

I for one would love for KK to go down
The Governor of Nyeri - 2017
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sheep
#417 Posted : Thursday, July 22, 2010 2:37:42 PM
Rank: Veteran


Joined: 7/24/2008
Posts: 781
I cant believe the hype this stock has...lets wait and see if this "growth stock" will not prove to be a money pit...oil business is too complex.
The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
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BGL
#418 Posted : Thursday, July 22, 2010 3:02:51 PM
Rank: Veteran


Joined: 10/11/2009
Posts: 1,223
KPRL response after it was alleged by KENOL that it was withholding their oil products.

http://www.capitalfm.co....-holding-fuel-4457.html

Lol! kumbe KK is playing to the public gallery.
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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mwenza
#419 Posted : Thursday, July 22, 2010 3:14:57 PM
Rank: Elder


Joined: 4/22/2009
Posts: 2,863
BGL wrote:
KPRL response after it was alleged by KENOL that it was withholding their oil products.

http://www.capitalfm.co....-holding-fuel-4457.html

Lol! kumbe KK is playing to the public gallery.



Is there any guarantee that KPRL are also NOT playing to the gallery?
IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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the deal
#420 Posted : Thursday, July 22, 2010 5:28:35 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
At this rate i wouldnt be suprised if Segman decides to give an interim dividend..after all he is the CEO/Chairman...LOL...
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