MoyoGENERAL:

FYI...OANDO Plc na APC ooooo...( so politics is involved)
coupled with the fall in oil price, they are trying to speculate the investment climate after the election!!!!!

davide470:
Oando is not that affected with the drop in price of oil. They entered into an hedging arrangement (forward contract) to sell their crude at 97$ till 2017.

They are just looking for money to pay shareholders as dividends for the FY'14, also factoring APC.

faith2ogesco:
Whoa. Den how will dey sell wit dis oil drop in price.

davide470:
Oando is not that affected with the drop in price of oil. They entered into an hedging arrangement (forward contract) to sell their crude at 97$ till 2017.

They are just looking for money to pay shareholders as dividends for the FY'14, also factoring APC.

PiperAlpha:

Source?

According to DLM, on the average, Oando needs prices around $65 a barrel to make exploration and production worth its while, although break-even prices are set between $67 and $65, respectively by most oil producers.

Noticeably, Oando is partly protected from the slump in crude oil prices given its risk mitigation strategy with the use of hedge tools such as – financial derivative instruments that allows it to sell a pre-determined amount of crude oil at an average price of $100 per barrel even if the broader market is in free-fall. Specifically, in August 2014 Oando, through its subsidiary Oando Energy Resources hedged: .8,000 bbl/day of oil production at $97/bbl until July 2017; hedged an average of 2,223 bbl/day of oil production at an average price of $91/bbl until January 2019.

While some E&P companies are rethinking their plans amid predictions that the drop in crude prices will restrain cashflows, we are optimistic that Oando have the means to return ample profits even at lower prices as the derivative contracts limits the company’s exposure to the market.

davide470:

http://www.thisdaylive.com/articles/oandos-new-growth-trajectory/195630/

PiperAlpha:

Thanks. Quite impressive! Should I call this move by Oando a remarkable foresight or just a brilliant chess move.

PiperAlpha:

Thanks. Quite impressive! Should I call this move by Oando a remarkable foresight or just a brilliant chess move.

majekdom2:
they will still be affected but with minimal effects. There are plans to reduce production if prices keep going down.

magicsprings2:
Dragnet is not responding to calls and mails. I'm thinking of sending a mail to Oando HR directly for information.

magicsprings2:
Dragnet is not responding to calls and mails. I'm thinking of sending a mail to Oando HR directly for information.

magicsprings2:
Dragnet is not responding to calls and mails. I'm thinking of sending a mail to Oando HR directly for information.

kakashi12:
Bros if oando cancel the recruitment nothing will happen oh.. I believe we should be a little more patient. They will Def contact pips

faith2ogesco:
after all d money dey ve spent, naahhh. Magic ur blood dey hot sha. Dey sd tentatively o

magicsprings2:


I am not comfortable with the delay. I don't enjoy waiting with uncertainty.

magicsprings2:


I am not comfortable with the delay. I don't enjoy waiting with uncertainty.

kakashi12:
are u saying the didn't consider the elections before giving dragnet the contract for exams..

faith2ogesco:
Am saying dey prob planned to hold it after election

kakashi12:
okk.. Let's wait till march

Ayodbrabo:
this place dry finish. guys eh he how much oando dey pay their e & p graduate trainee self?

faith2ogesco:
This election sha pause many things o

faith2ogesco:
This election sha pause many things o

faith2ogesco:
Ok so outta boredom, i decided to do something silly. Counting dose left in dis recruitment on nl. Findings were not definite but close.

ilori1930:

Interesting!
so what's your finding?
what is the figure you have?

ThaSlimKidd:
Not to be a bearer of bad news.. But the delay has nothing to do with elections (Not verified.. Just my opinion) but on the oil price drop. a whole host of the E&Ps have been looking at ways to cut costs due to the oil price drop. Some have started reducing staff numbers to reduce salary wages and also asking for discounts on contracts with servicing companies( meaning less income for both parties l)
All hope is not lost but I reckon it might take a while before they get back to us .. Even known servicing companies are looking at cutting costs as well and have started reducing staff load and some halting recruitments.

My humble contribution.
But hey!! My papa no get share for there so like a friend would always say.. Keep the hope alive.
*Sips on ribena*