Hi,

what do we all think of investing in Caverton at the moment?

My friends in investment tell me they are still optimistic for oil services firms, especially those run by ex-Shell and ex-banking guys, even though oil price is so weak.

Might be another way of leveraging Naija oil exposure but without getting burned by the oil benchmarks.

All thanks

rockyroad:
Hi,

what do we all think of investing in Caverton at the moment?

My friends in investment tell me they are still optimistic for oil services firms, especially those run by ex-Shell and ex-banking guys, even though oil price is so weak.

Might be another way of leveraging Naija oil exposure but without getting burned by the oil benchmarks.

All thanks

Caverton in Naija here still has oil exposure. They are one of the offshore transport coy in naija. I think that is their major business here. It is a good buy tho but i would advise u watch for sometime and see when the price bottoms out...then u can place a buy bid.

Hi there, thanks, agree that they still have oil-focused activities here, just mean that investing in oil services is more insulated from oil prices than investing in Brent/WTI directly.

It'll be some months/years before the oil services firms start to feel the impact of the lower prices/lower investment, is my thinking.

I know Caverton have been caught up in some reports about Diezani's private helipcopter spending and also their aircraft have been involved when Amaechi has been grounded, but generally they have a good reputation I think?

The Ogas there are Makanjuolas right?