₦airaland Forum

BabsO2:
.

I have read in the past of oil majors like those you mentioned talking about low margins for their refineries. That is despite all their years of experience in the refinery space. Not to talk of Oando that ain’t got years of experience. Perhaps the oil majors offer fat staff salaries and Oando will save some costs here by offering lower wages. Even at that margins being low is a refinery thing compared to oil exploration and production.

Don't you think what may be considered ''low margins'' by those big guys (Mobil, Shell, Chevron, etc) could make a big difference for Oando?

BabsO2:
How profitable is this refinery sef. Refineries usually have low margins. An old one like this will have very low margins. Or is the TT government giving special concessions like paying ops fees even if it operates at a loss, otherwise it doesn’t look attractive to me.

Refineries outside an integrated framework may have low margins.
But this would be refinery to be owned and operated by an integrated oil and gas exploration and production company.
It is like a refinery run by integrated oil and gas majors like Mobil, Shell, Chevron etc. Such refineries would perform better than the ones owned by a non-integrated oil and gas companies, because of potential savings from economies of scale, transfer pricing, benefits of value chain, logistics, certainty of supplies, pricing, economies of scope etc.
Again, Oando would be selling most of its refined products offshore for dollars

megawealth01:
Exactly. The bitter TRUTH 💯

Although Wale gets his own for him body but to be fair to Oando. The coy seems to be on the right track...

Note

I'm heavily loaded in Oando and MIGHT wait it out until JAGABANomics is done with the presidency

You are welcome, fellow ''insider''

GeeKudi:
Just imagine OANDO getting the nod to run any of Nigerian refineries? The noise, the protest, the cries!
Even with a refinery in a far away country, Nigerians are still insinuating corruption.

Even with this, some people are insinuating that both Angola oil bloc and T&T refinery were won as a result of so called ''phone calls'' from the president.
I am not a fan of the president, but I think Oando deserves some credit for the efforts, especially if they could buy Connocco Philips for a whooping $1.5b as far back as 2014 when TPain was no where near the presidency.
It seems some people strongly believe or feel that only ugly, bad news should be heard about Oando and any positive news is underserving, and must be as a result of TPain's influence or manipulation.

megawealth01:
I need MTN to crash price so I can increase my holdings

Bargain hunters!

Payunsin:
If person no stand well, Oando can run man mad.
I believe someone is playing games with the stock.
I go see the end of it.

You just took those words out of my mouth (or my keyboard)

Anyone suffering from high BP and that does not have a stable, unfettered capital (for investment in Oando) should steer clear of the stocks. It requires some rugged courage and boldness to play in the Oando jungle!
It is ''igbo odaju'' !

AMINDA:
Disgraceful! All that talk about being a "democrat" were all a ruse. They now have power and see them behaving worse than IBB and Sani Abacha combined.

If truly the House was on recess, then nobody has the legal authority to reconvene the House except the Speaker himself, so the members who met to impeach him got it wrong from the beginning! That is very critical and cannot be swept under the carpet!

Sunrisepebble:
Financial track record or a phone call from the number one citizen
I also hope it doesn’t end in tears

C'mon, haba!
They made reference to Ondo's acquisition of ConnoccoPhillips for $1.5b several years back.
Was it a phone call from a number one citizen that made that to happen too?

But I agree that Oando still needs to do a lot more to manage its assets and liabilities, especially the huge loans in order to deliver good rewards to shareholders. The several acquisitions alone, without very good management, would not automatically translate to positive results.

designking:
Oando disappointed me... After borrowing money yesterday to buy some very cheap units this morning.

My limit order at ₦46 failed....

Be patient and strategic.
Sometimes, you have to wait until close to end of trade to put in your order. That is how some people are able to get good closing prices, especially when the market is so too bullish!
Oando seems attractive at current price and may oscillate around N45-N55 range for a while.

gassbee:
Sure 2nd term for Jagaban

Because Jagaban is the owner of the refinery or what?
A refinery that was commissioned by Buhari long before Tinubu became president?

Raider76:
Sometimes I am a conspiracy theorist. I believe those major shareholders of Oando who agreed to pay back their loans in shares are pulling a classic short on the stock. They agreed to pay back in stock at a very high price, say N100 per share. However instead of giving up the stock immediately they are holding it and giving it to the other shareholders in bits. This means they are practically borrowing the shared as a short seller would do. Now they crash the price and buy it back at lower a lower price. A classic short. This scheme will be even more perfect if they pay in cash in subsequent tranches.

Just bury the idea of cash payment! It will never happen.
How do you even expect them to do that? What value will be placed on each unit of the shares before they pay the cash equivalent?

bolton08:
Oando sell off show sey na gambler full this market.

Most traders are any where belle face, they follow price movement and care less about all these fundamental jargons. The funniest is that people that sold today will join bid queue if Oando instantly enter full bid tomorrow.

Mpeace:
Its now 48. I doubt if it will go below 40.

Anything can happen! This is like a jungle, with different interests at play! Be prepared for the worst, so you don't get shocked when it happens!

Sunrisepebble:
I agree with the bolded. Im talking about it from a long term perspective now. Let them prove me wrong in Q1

Okay, let's wait and see.
You may be proved right once more, but I pray not.

Sunrisepebble:
I've voiced my concern about the financials. I dont see what is there to sustain the price, they gained massively from Other income which was a one off. The only thing I see saving the price is the news of the positive refinery bid. Otherwise, there's nothing in the stock

I could be wrong. I know some others have their different opinion which I respect also

I don't think this current Oando price drop is only due to poor financials. Several factors could be at play, including the share redistribution because the price started dropping just after the due date.
Also, it could be due to some market or deal makers trying to get the price to a certain range and mop up.
About 2 years ago, GT was selling very low around N16-N18, even when there was nothing wrong with its financials.
If you are interested in Oando, just make sure you buy at a convenient price and be ready to hold for the long term. There is 50% additional ''bonus'' units for you if you hold till 2027, if you can.
But the only thing that can prevent a further decline in the short term is positive quarterly results, and some major positive news e.g. successful refinery bid or the Angola oil bloc producing some good volumes

CodeTemplar:
Source : Daily Post

Very shallow assessment by a clueless and incompetent president!
Nigerian masses are suffering today because of macroeconomic issues which have made life difficult and unbearable for them e.g. inflation, interest rate, devaluation and floating of naira, high cost of fuel etc.
These things have a direct effect on the cost and standard living of the people, and are under the direct control of the FGN.
State govts do not control or determine these parameters, therefore multiplying their allocations by even 10 times would not have any meaningful effect on the economy and life of the masses. It would only increase inflation, corruption, and maybe add to the salaries of a few State workers etc. But the generality of the population would suffer, and that is what is happening. Not every Nigerian works for FG or State govt
The state govts lack the capacity to affect these Macroeconomic issues positively in a manner the way the FG can.
A sensible govt would rather do everything and use some resources to ensure that these things are kept and managed within the range that the generally masses can cope with.

bolton08:
It seems the big volume dumpers of Oando have gas out.

Never say never.
Someone may just come and dump it again, especially towards close of trade.

smileyoo:
I must admit that, as regards this Ukrainian debacle, president trump's mediation tactics is confusing to say the least .
how can you with any conscience be in support of a bullish leader invading and taking over an independent nation, without any provocation ?
i wish that the European union will stand firmly with the Ukraine nation, before trump will use them to advance his selfish interest- typical of a shrewed capitalist.
Americans and the global community need to caution Trump against his advocating of might is right in global politics, because it's a wrong ideology that could make world peace a mirage.

Donald Trump is a coward bully! Period!
He is scared of taking Putin on, hence is dancing to Putin's tunes

Payunsin:
I am having difficulty to shit.
T.pain don kill me

SonofElElyonRet:
Odaju ode ninu Igbo Irunmole
Odaju investor ninu Igbo Oando

The guy is tensed; he is scared of the jungle!

ositadima1:
Now, I bet you’ve never heard much about geothermal energy. Cold climates like parts of Canada, Alaska, Sweden, and Norway use it. In fact, the lower the temperature, the better. Read up on it.

Regarding the issue of energy storage at night, many technologies are being updated. We have wind energy, which performs well at night when tidal currents are strongest. Some places even use massive sand silos as thermal batteries—during the day, they heat the sand to extremely high temperatures, and at night, they pass water through it to generate steam and recover energy.

There are also man-made water reservoirs. During the day, water is pumped up to these reservoirs, and at night, it is released to turn turbines. Another method involves lifting heavy concrete blocks—these weights are raised during the day and dropped at night, effectively converting potential energy into electricity.

So much is happening. Do you think Oyibo is happy giving away money, especially to Arab countries? They are working day and night on solutions. One day, a major breakthrough will come. Do you know how long they worked on GSM technology? Do you think it just happened overnight? Eventually, they made it market-viable.

Anyway, I’m done derailing.

This is not derailing at all. This kind of discussions should be encouraged.
Investing is better when done with some basic knowledge in the subject matter and relevant developments that could affect such investment or portfolio.

designking:
Oando might eventually touch ₦45 at this rate it is falling.

I guess you should be used to the uncertainty and anxiety associated with Oando by now. The potential risks and rewards are very high.
It is like a ''dangerous forest'' that only the brave and courageous can enter to kill a huge game.
Yoruba people call it ''igbo odaju''

[quote author=NdiLucifer post=134285889][/quote]And so what?
Tinubu called Goodluck Jonathan a drunken fisherman! Have you forgotten that one?

faoogoke:
https://www.vanguardngr.com/2025/02/wale-tinubu-bags-transaction-of-the-year-award/

Wale Tinubu is Investor of the Year

Somebody will go to court

Make we hear word about all these news about Wale.
Oando needs to deliver and make the shareholders happy first, before Wale can be hailed or hyped!

megawealth01:
💯

You too, you joined and agreed with them?

zendi:
Relax.

It is not a blessing to be poor.
It is not a crime to be rich.

What you have, you got from Above, and it will only even increase and multiply. James 1:17.

My last remark on topic.

Thanks, and God bless you abundantly and in multiples and multiples

zendi:
It is the massive size of your holding I was referring to.
You said Tranche 1 gives you close to one million shares which means you sit on 12 million units already, since ratio of 1:12.
How is an oil block owner better than you?
Or put it another way, Mikeapollo alone owns a sizable chunk of those 1billion barrels underground that Wale bragged about.

NB/ I was joking hyperbolically about the size of your Oando holding.

Lol
Mathematically speaking, anything greater than 0.5 can be roughly assumed to be 1 or close to 1. So you can apply same to what I said

Mpeace:
He owns 0.10% of Oando.
Beware of him he is an insider

I beg ooooo!
Na Bagwa and ProphetUtoucha be the insiders!
I am a confused outsider just like anyone here

zendi:
This is more like it, for the sake of sanity.

You're well versed in the industry.
Please what is an oil block?

Our friend Mikeapollo must own some blocks within the Oando Empire.

Lol !
You for no see or hear me on this forum.
Wetin you wan say about Wale and his gang that own the company and have been buying real oil bloc since decades ago..
My own na just paper shares like anyone here.

KarlTom:
It is a block that gives oil 🛢️

Lol !

thebargainhunte:
Oando getting to that price maybe attributed to share redistribution, but oga may not like to distribute it now cos it will tank the price further.I only see Oando at the range of #55-663 this week.

Oando can easily fall below N50.in the next few days.
Those who qualified for the first tranche may still sell some of their units.
Only very good news like solid Q1 2025 results, more acquisitions, etc would create renewed interests in Oando for now.
But I think it is a stocks to buy and hold. It can cross the N200 mark in few years from now especially after the share redistribution is complete.

Paraman:
Is there a time the NBS said inflation drop by 10%?

What is the difference between 34.8% and 24.4%?

The NBS is saying that the current inflation is 24.4% but it was 34.8% before they rebased it.