zinaunreal:
What are you bombing when the whole lf Hezbollah is underground and stretches to Nothern palestine. If you get mind put boots on the ground. Gone are the days when you label Hezbollah a terrorist group and peole will juts believe that nonsense

That is how you said IDF should put their boots on ground in Gaza and let's see if they can stand Hamas.
Today, you can see what has happened to your darling Hamas and whole of Gaza.
Israel is a country 100% prepared for war at anytime. They are miles ahead of the terrorists that want them destroyed

Bizibi:
yes but successive governments Dont like to continue from it's predecessors,they are fond of bringing up unnecessary tax policies. The hurdle for companies is surviving in every government whether na PDP lead government or Apc government or a new party lead government. I know what I went through when buhari look over,they came in with a different style and it took some biz men/women some years to adapt.

Like oando is a short term stock because the incoming government in 2031 will definitely pounce on them because of the family name and one thing about Nigeria government officials/politicians,they don't care about the company,they can just do whatever they like and move on.

Fair comment.
But I don't think any govt would come to power and attack an upstream oil company (not only Oando) whose operations help to generate forex earnings for the government and national economy.
We the common masses always seem to think that these politicians are enemies, but they are not! We are the ones who kill and destroy ourselves, thinking that the politicians would join forces with us to fight our opponents. They only tell lies and do dirty propaganda to win power., and then everything goes on normal and life goes on. Dont be surprised to see Oando (or any other company) winning more oil block bids or buying another IOC asset when Tinubu leaves office.
Oando bought Unipetrol under Obasanjo in 2001, yet OBJ and Tinubu have been sworn political rivals (not necessarily enemies the way we think)!
Tinubu used to criticise OBJ and promised to reduce fuel price during campaign and people were happy. Look at what his clueless, useless and incompetent govt has done now.

SamaritanGirl:
A thief is talking.

A pure rogue!

megawealth01:


I dey solidly behind Oando until $1/1 just that I no get time to always catch my fun like I use to my brother

As for signal I will be dropping it whenever I feel like. I don't look like someone wey send saddists

Abeg, lets stop the $1 joke.
Uncle Uche (Oando) is still struggling and yet to cross N100

Chetas81:
I wonder what makes black African foooooooooools supporting Israel, if they really stick to historical books

Historical books are you talking about?

godlyguy:


What is Oando? I can only recognize it when it comes out clean with an updated financial we can use to do proper analysis not media hypes

Lol!
What is Oando?
So you don't know something that you have been talking about for ages?
My guy, remember you are the ''Godly guy''

CyrusVI:


Deji is just a useless critic that talks just to be heard

An unstable person who stands with everyone and no one


He's at best, a low-budget FFK.

Anywhere belle face like that 63yo guy

Shut the crap up!
Disgusting to hear you blame the victim.
Do you feel okay with the economic mismanagement and suffering of the people?

UltimateCSH:
TINUBU IS ONLY A PAWN IN THIS GAME AND YOU GUYS ARE BLAIMING HIM.

TAKE YOUR FIGHT TO WORLD BANK AND IMF AND THEIR SPONSORS

Did we vote for any IMF or World Bank?
Did you see any of their directors coming to Nigeria to campaign that we should vote them as president?
You thinking is poor.!

Rexymania:


I once supported this Israel when I was a Christian....today I know better.

So now you are no longer a Christian.....no wonder!

Eriokanmi:
Dangote no get wahala oo. Figures don't lie. Nigerians should know by now that the federal givernment is the enemy of their existence as Nigerians, not Dangote. Dangote is too soft. I'd have sued the federal government for sabotage long before now. Cos he will be losing big time cos of interest on the loan he took to build the refinery, if it doesn't pay back asap.

I read earlier today that nnpc said they'd appoint 3 marketers to import petrol cos Dangote can't meet their demand. Same Dangote was accused of refining substandard diesel, of which he was able to prove them wrong. Same dangote had fire outbreak in his refinery which was quickly put out ahead of the prediction date. They're frustrating him left, right and centre and thhs is a good reason investors are running away from us

Oando is one of those 3 marketers earmarked for importation of petrol into Nigeria and guess who owns oando by proxy? The petrol will come from his malta blending facility and that's why they're accusing dangote of not meeting up with the supply requirements

Only revolution will end thhs drama. Sadly, their useless supporters will never learn.

Please show us evidence that Oando is one of those 3 marketers earmarked for importation of petrol and their acceptance to do that.

megawealth01:
Can we all allow different opinions here. If we continue the way we are going you guys won't be getting the needed helps to scale through this market especially those that need people's assistance in this market...

Someone penned down a detailed analysis of some firms and some persons still want him bashed... That's unfair.

Don't be emotionally tied to any stock or company in this market if not you will learn lessons even in the hard way

Someone would drop signal una go call MH so how do you expect them to keep dropping signals.

I have been enjoying 10% nonstop on a stock/company I refused dropping here because una go think that at my level na to MH una be my p. I laugh sha.. why do you think that some persons no longer drop signals directly here?

Make una stop or everyone that wants to help people here will just keep mute and be enjoying alone 🚫

My Oga, just ignore and drop whatever you have for the benefit of the reasonable ones on the forum, no matter their few numbers.
As for the name calling, that is the typical behaviour/attitude of the ignorant crowd and those who lack the capacity to disagree based on principle, theory, context or concept. They only accuse people of doing MH (monkey hunting) because that is how their mind work and how they think. Shallow, narrow, myopic thinking laced with inferiority complex!
You are even lucky that you are not one of the people supporting Oando like some of us. We have been called names upon names upon names!

megawealth01:
Can we all allow different opinions here. If we continue the way we are going you guys won't be getting the needed helps to scale through this market especially those that need people's assistance in this market...

Someone penned down a detailed analysis of some firms and some persons still want him bashed... That's unfair.

Don't be emotionally tied to any stock or company in this market if not you will learn lessons even in the hard way

Someone would drop signal una go call MH so how do you expect them to keep dropping signals.

I have been enjoying 10% nonstop on a stock/company I refused dropping here because una go think that at my level na to MH una be my p. I laugh sha.. why do you think that some persons no longer drop signals directly here?

Make una stop or everyone that wants to help people here will just keep mute and be enjoying alone 🚫

My Oga, just ignore and drop whatever you have for the benefit of the reasonable ones on the forum, no matter their few numbers.
As for the name calling, that is the typical behaviour/attitude of the ignorant crowd and those who lack the capacity to disagree based on principle, theory, context or concept. They only accuse people of doing MH (monkey hunting) because that is how their mind work and how they think. Shallow, narrow, myopic thinking laced with inferiority complex!

emmanuelewumi:



You can't have cash backed profit and you won't pay dividends, have a negative working capital and shareholders fund plus compounding tax liabilities.


By the way I was not referring to a stock on NGX

I dont get your point .
I was talking about what can lead to solving Oando's problem if it happens consistently i.e. in the future. So how do you know they will never pay dividends and wil always have negative working capital even if they make consistent, huge cash-backed profits in future?

Antoeni:


https://punchng.com/three-marketers-to-import-141m-litres-petrol/

This is what the bastard thieves in NNPC wanted to achueve... to create the impression that Damgote's PMS is too expensive do they can continue to import and claim subsidy.
They rushed to publish the cost make up PMS from Dangote Refinery which was produced from crude imported and paid for in dollars.
Yet, NNPC itself has refused to publush the cost breakdown for the PMS imported by NNPC so w can compare with Dangote PMS until when it starts to receive crude in naira from NNPC

emmanuelewumi:



Cash is real but earning is an opinion.

There is usually a 70% probability that forecast will go wrong.

Uche can't just come out of his negative net asset and negative working capital by virtue of the purported increase in revenue.

In fact to harness the opportunities he will go deeper in debt.

It is not all growth that leads to profitability and it is not all profitability that creates wealth, it is not all wealth that is sustainable.

It is when the tide is over that we will know those that are swimming naked.

Consistent, huge cash-backed profits will resolve the problem for Uche (I just marvel at how you people have given Oando a new name )

FreeStuffsNG:
Hezbollah and Isreal war has not started yet Be careful what you wish for.

There's a reason PM Netanyahu has not accepted responsibility for this scale of Isreali terrorist attack on Hezbollah/Lebanon unlike Isreal attacks on Yemen, Syria and Lebanon. Hezbollah is not Hamas o.

US has denied involvement and that's bad for Netanyahu and Israel.

How many tines have you ever heard Israel comment or accept responsibility when they attack targets outside Israel?

Salewa97:
The NNPCL price is not fixed, it's just a guide price.

Falana should stop being petty

It is NNPC that is being petty, not Falana. In one breadth, they say the fuel market is deregulated, in another breadt, they are fixing prices.
There is nothing like a ''guide price''.
Why is NNPC now showing us the cost make up of Dangote's PMS which was produced from imported crude that was paid for in dollars, when the NNPC itself never showed us the cost make up of their own PMS which they were importing from abroad?

Flangelo12:


Dangote is not greedy.

Most Nigerians like to vilify successful men out of envy.

Don't mind the reckless talk of ignorant people who have not created anything but like to attack people who have created companies, jobs and wealth for thousands of citizens

F117nighthawk:
You can't blame Dangote,it's the corrupt lack of transparent government u blame,they have arm twisted Dangote by supplying him crude in naira and telling him to make them the SOLE OFF TAKER.this is Nigeria u have criminals and wicked people in government.the only way Dangote can stay in business is the way he is playing along.
He can't fight and win the government .you know how the dysfunctional system works here

They have not yet even supplied him crude in naira. The crude in naira is to start on October 1.

KarlTom:
Don't take my emojis serious o.

I'm a TRADINVESTOR

I like that! Investotrader!

KarlTom:
OandO. -9.94%
ETERNA. -10%

Why worry?
Oando and/or Eterna cannot always be rising on daily basis!

adenigga:


Source: https://punchng.com/N950/litre-dangote-petrol-may-justify-more-importation-marketers

This is what the pure blackmail by NNPC is meant to achieve. To paint Dangote PMS as too expensive.

Why is NNPC showing us the cost/price of Dangote PMS that the crude was imported and paid for in dollars?
NNPC should wait and supply their crude in naira to Dangote and let us see what Dangote PMS cost/price would be, that is when they can make any genuine comparison.

godlyguy:


Who sponsored the news? Anything to move the price is welcomed anyways but I will keep talking.

Let me sound a note of warning to those that want to fight dirty if I start even the bots will be crying

You may have right to suspect that Oando sponsored the news. Fine!
But are you certain and sure, with evidence that they actually sponsored the news?
Are they the one sponsoring all the news in every news portal, including negative news when it was reported that they were making losses and could become insolvent and bankrupt?

godlyguy:


My point isn't even about the price movement of oando. They should release the results instead of always rushing to the media for PR or MEDIA HYPE

I don't even check their price as what is more important is their financials being a public institution. The public needs to know

A news portal goes to publish an old news about a company, and you are blaming the company for media hype?
The news item in question is not a recent press conference or press release by Oando.
It is a news portal reporting a story that is more than a year old. It would have been different if it is Oando doing a press release and repeating the same news again and again.
Don't you know that some news portals sometimes recycle stories to fill in spaces?

Tpharell:

Let me also add that Oando had an advantage over the other divesting entities that could have played into their sealing their deal before others.
Being already a participant in the JV with 20% acquired from ConocoPhillips a decade ago, they added Agip’s 20% state in the JV and became the operator. So the JV was already familiar terrain for them even before the divestment, unlike Seplat who has never participated in the Mobil JV they seek to acquire now

True.

Tpharell:

While I have not seen anything empirical that shows Oando was favored against Seplat and Renaissance in the ongoing divestment, and nothing shows president Tinubu has any direct interest in Oando which was founded even before he became governor in 1999, you cannot pretend or discount the reality of how Nigeria works. People own companies by proxy in a manner that the ‘veil cannot be lifted’. It will be downright and gravely delusional to not consider that Wale Tinubu who has direct access to the president (a blood relative) can very easily call in a favor for Oando and the weak regulatory bodies will read the body language coming out of the villa and do the needful.

Fair comment.

Please let us continue with the education on happenings in the energy sector (not only about Oando and Seplat).
I am learning a lot.
Kudos to all the contributors.

KarlTom:
I don't think they are going to decommission any of NAOC assets.

The provisions are meant to provide required funds for the eventual decommissioning of the assets in future, even if in 20 years time from now.
It is an industry requirement or standard that players in the upstream sector must comply with, because the decommissioning costs can be very huge and it is better they make adequate provisions long before the actual time/year the costs are incurred or expended

yMcy56:
FBNH
Full bid @31.90.....
Is the Elephant coming with special news or what?

OANDO
Bids currently more than offers..,.
I hope NSEMPAs will just allow this stock breathe and give it a break on this everyday bad belle/forth and back!
It's not the only stock in NGX, you can focus on Aradel or refinery for now.......😊

I suspect FBNH will be coming to raise capital.
Expect UBA soon after FBNH

Tpharell:

Even that “reduce dollar demand” is yet another delusion, as what I see is that the demand and supply will cancel out when you factor in the FX loss due to selling crude in naira.

It is certainly not uhuru yet even with Dangote refining locally, as there will still be petrol scarcity every now and then, like when Lokoja gets flooded due to the terrible state of infrastructure in Nigeria.

Dangote refinery will create jobs and produce raw materials for petrochemical industry, but will certainly not cure our FX challenges, end importation entirely or “crash” petrol prices.

For now, let’s enjoy the sentimental value of “refining our crude ourselves locally”

No one is saying that the refinery will CURE our FX challenges. But it will contribute its own quota in reducing the pressure on the naira. It is a kind of import substitution.

Even if there is some net off between the demand and supply of dollars due to crude oil sale in naira, the demand side has a higher impact on the volatility and fluctuation of currency, because refined products like PMS (which were being imported and demanded for dollars) command much higher value than the crude oil.

Tpharell:

Good and objective take.
Take note also that the decommissioning provision is a new regulatory requirement of the PIA which the NUPRC is enforcing in the divestments. I know for a fact it is one of the things holding back the Mobil/ Seplat deal as the fund had not initially being factored in the deal. The divesting assets are old and some are close to their design end life, upon which they need to be decommissioned. The PIA framers thought it wise to make provision for a dedicated fund for that activity

Thank you for the education.
Please, kindly help us educate those people who are saying that the Mobil-Seplat deal was deliberately frustrated by the govt in order to favour another company. Unfortunately, that line of thought was also shared by an opposition politician (reason why I say that every politician, from both govt and opposition, must be scrutinized properly when they make comments)

Tpharell:

Even if they did, it won’t change much.
Where do we always get this delusion of ‘game changer’? That’s how Dangote was supposed to be the game changer to crash petrol price, and PVC/IREV were supposed to be the game changers in the electoral process. Today we know better.
Without strong institutions, it’s all a waste of time. Recall Oando got suspended on JSE for late filing, but NGX and SEC here where the company operates all looked away.
With the lawlessness and impunity of the establishment, NNPCL listing cannot change much as market regulators will be waiting for the body language (odor) of the government to decide which way to act

Dangote Refinery can be truly a ''game changer'' for good reason. It creates jobs, saves/reduces dollar demand etc.

However, Dangote is being blackmailed by a mischievous and disingenuous NNPC, which has mischievously released the cost of PMS from the refinery in order to pre-empt and pitch the people against the refinery.
Dangote bought its current stock of crude in dollars, and that is what he can sell to NNPC until October 1, when he receives crude in naira from NNPC
NNPC has not yet sold its crude in naira to Dangote (until Oct 1), so why is the NNPC rushing to tell us the cost makeup of PMS from the refinery's stock of crude which was bought in dollars? NNPC deliberately did that so that the citizens would complain that the cost (N898) is too high and provide an excuse for NNPC to justify importing from abroad.
If the NNPC was transparent and accountable, they should have given us the cost make up of their imported PMS long before now, so we can compare with the cost of PMS refined by Dangote from their dollar-based imported crude.

The key thing to focus on is this:
The NNPC should tell us the naira cost/price at which they will be supplying crude to Dangote, from October 1.
Then we can also get the cost/price of refined PMS from Dangote from October 1.
If the cost of crude from NNPC is competitive/cheap, the refined product from Dangote will also be competitive/cheap.
The NNPC should stop playing on the intelligence of Nigerians.
Dangote Refinery can be the game changer that we want (at least for now) if it gets all the required support from the government.

gbaskiboy:
This will ease traffic at Alapere estate Road and ogudu road. Good development, Lagos State government is doing well. Ogun State her sister state should emulate structural development in Lagos State

The road is a federal road. Lagos State did just some minor repairs on it.
Stop the exaggeration