₦airaland Forum

God1000:
this is the handiwork of CIA, Mossad couldn't have done it alone

But I don't care, all I want is Palestinian state and lasting peace between Israel and Palestine

Let the Palestinians go and have their ''state'' on their own land, wherever they find it.
You cannot ask for an independent ''state'' on another man's land just because you have been living on the land for some time.
By the way, the Israelis and US rely on each other for top notch intelligence. This could have been done by Israel with or without the input of CIA

God1000:
this is the handiwork of CIA, mossad couldn't have done it alone

But I don't care, all I want is Palestinian state and lasting peace between Israel and Palestine

Let the Palestinians go and have their ''state'' on their own land.
You cannot ask for an independent ''state'' on another man's land just because you have been living on the land for some time.

Raider76:
Looks like smart money is moving out of Oando in early trades.

Let them move out. I want the price to drop further so I can buy more.
For me, Oando is more of a long term deal.

Mankind2024:
"A note to NSEMPA's long-term investors"
The Customs Street Market Maker Conspiracy Against Dividend-Paying Stocks on NGX.
Market makers are manipulating OANDO plc's share price, driving it up based on anticipated future revenue, untapped potential, and current momentum. while neglecting the trillion Naira humongous debts and liabilities of OANDO plc.
This is precisely what they want - to create a false sense of value. Their strategy is to get you to buy when they're selling and sell cheap when they're buying.
Consider Zenith Bank, which has outperformed in all aspects (Top and bottom lines) but is now experiencing massive dumping. This is likely to continue due to the 70% Forex gains and Rights Issue priced higher than the current market price. The same applies to other SWOOT banking stocks.
Don't fall for the trap; investment is a marathon, and real wealth is built in a bear market. If market makers attempt to drive FUGAZ prices down to less than 10% of the three-month low recorded in May 2024. This should create an order block for long-term self-investors. The win is in the waiting.
Red days are imminent, but don't run away - you can't trade or compete against market makers due to their deep pockets.
Zenith Bank at N31 is imminent. The concept is to buy low from impatient investors and sell to greedy investors at substantial prices. This is the secret of institutional stock investors and market makers globally. The only winners are long-term investors.
Some may argue that NGX is not the place for this, but I disagree. I still hold fundamentally sound stocks that have returned 700% ,600%, 400%, and 350% in my portfolio. This is the time to invest in fundamentally sound stocks. The OANDO wave will soon obey the law of gravity due to lack of fundamentals. Don't be greedy with the current momentum; it has happened before. In a few days, Customs Street market makers will subject OANDO to the gravitational law of attraction.
OANDO enthusiasts, savor the uptrend while it continues.
NB- I'm out of OANDO.

What you typed (bolded) is not peculiar to Oando alone. It happens to all stocks in the NGX market. It is probably also happening to the stocks in your own portfolio as well, so the potential risk/exposure is systemic (i.e. market-wide) and not specific to only Oando.

The potential future earnings, assets and potentials of Oando may outweigh the current debts and liabilities. Industry and market analysts/watchers do consider a lot of these factors.
Have you estimated the value/worth of all the oil production resources (OML, OPL etc.) that Oando commands, especially after the ENI deal.? The value of those assets alone far outweigh the debts and liabilities.

TheBillyonaire:
When you kill farmers using herdsmen, you should expect famine.

When you unleash EFCC on the struggling youths, you should expect kidnapping.

When you use Oando to acquire Agip and set up private refinery in Malta, you should expect fuel scarcity.

When you legalize Riba Haram via BDC you should expect currency manipulation.

It is very shameful for a country to expose its citizens to a level of starvation to the point that hunger is subject of national discourse. Now some people might be begging to go to prison, atleast a meal per day is assured.

I am not a fan of Tinubu. In fact, he is a failure and clueless president.
But where is the evidence that Oando has set up a refinery in Malta? Where are the authentic documents of incorporation that were obtained from the Registrar of Companies in Malta that show that Oando has set up refinery in Malta?
Do you know Oando acquired Conoco Philips for $1.5b in 2014? Conoco Philips is bigger than Agip
So the same Oando cannot acquire Agip for $500m in 2024 because Tinubu is president or what?

SonofElElyonRet:
For the person who was surprised when i mentioned spiritual analysis (S.A.),

Well done prophet.. prophesy the next jewel

Lol!😊Human beings and anything that would yield legitimate money!
Truth be told, Prophet's confidence in Oando has helped me to believe more and stay focused.

IbeOkehie:
None of those subsidies has been removed. ALL THOSE SUBSIDIES ARE STILL BEING PAID!!!!

Over 15 years ago the National University Commission put the price of training a graduate at $3,000. The fees at Covenant and ABTI are likely much higher. There's no single government university that charges that amount, anywhere in Nigeria.

The world price of petrol is over ₦1,000 per liter, Nigerians pay much less. That's all you need to understand that some kind of fuel subsidy is still in place.

Nigerians, especially the university graduates, need to stop being STUPID, use their brains and the education they claim they got. These are simple concepts. Imagine a fuel buyer at Oando, an engineering graduate for that matter, told me in 2013 that "fuel subsidy doesn't exist"...I mean what is that about. Whether you want subsidy or not is a different issue, at least acknowledge the truth of the CURRENT SITUATION, subsidy is being paid right now on EVERYTHING you cited.

Good Luck to Nigeria.

Why must you use the price at the so-called ''international market'' to determine the cost of what you have at your backyard?
Do you buy water in Nigeria at the price of the international market?
Do you buy Coca-Cola in Nigeria at the price they sell it in New York?
Do you pay Nigerian workers the same rate their contemporaries are paid abroad in London or Paris?
So why single out fuel and apply this useless ''International price parity'' as an argument?

What the government has been forcing on us is the forex differential costs on imported fuel which they call ''subsidy''! it is not ''subsidy'' in the real sense of the world because we have the commodity locally. The real subsidy should be based on how much it would cost us to produce the product locally and the selling price.

There is no single member of OPEC that is doing the foolish thing our government has been doing by exporting crude and importing refined products!

Payunsin:
Question of the day.
Is Oando still a gamble?

Whether Oando is a gamble or not, the bottom line is for you to make money from it or any other stocks of your choice.
When you gamble in the stocks market, you can lose or make money.
When you invest in the stocks market, you can also lose or make money.

What matters is for to calibrate the potential risks and rewards and take a dive, either way.

What is an investment to you could be someone's gamble.
Those who are saying Oando is a gamble or an investment are doing so based on their investment goals or information at their disposal, among other factors.

Omoawoke:
He is wise enough to realize that protest makes matter worst

Na so Libya start

Nigerians want better life but you cannot hold your leaders to account.
Yet when other countries are able to do it in their country, you rush to get visa to go and enjoy in those countries.
No body would fight their leaders in their countries to do the right things, only for you Nigerians to queue for visa and go and mess up the place. Fight for your own better life in your country.
A country develops and improves the lives of its people only when the people can hold their government and leaders to account.

KarlTom:
What IF the dust does not clear until km50

Anything can happen. But the prospects of Oando going above N50 is very high, especially if the HY 2024 financials show positive results.

SonofElElyonRet:
But you were here when news broke that court ruled only those minority shareholders who want buy out should be bought out.. na dat time me i risk am enter at N18.50. Sold chams ellah Japaul and access and plunged into Oando with fast beating heart. Fortune favours the bold and risk takers... p.s. do not invest more than you are prepared to lose

I entered Oando since the days of N4-N5 and I was expecting the worst case outcome even if it was going to delist at N7.07. I decided to treat it as a strategic investment when the price started rising above N7.07 and the court case was still pending.
I don't mind keeping the units even if Wale still wants to delist; he cannot pay me below the highest price on the NGX in the six months prior to the AGM.

yMcy56:
OANDO!
Money spinner in Town!
Sighted @24.55! Full bid

AFRIPRUD
Offers at 9.45 are being cleared.....
Let's see how it goes...

OANDO!
Money spinner in Town!
Sighted @24.55! Full bid

Shhhhh!
Why are you making noise about Oando? It may sound very irritating to non-gamblers
Please let us just keep quiet and watch how it goes until el-dorado!

Let us also respect ProphetUtuocha. His ministry and prophecies may not be fake, even if he doesn't have the real anointing!

Chinkoalhaji34:
This is what we call a strategic move!

Finally, a government that understands the importance of local currency in boosting our economy. Naira for crude sales? Smart thinking!

Let’s support our local industries and strengthen our financial stability. This is how we build a resilient nation.

Kudos to Tinubu for taking such a bold step!

There is nothing bold or special about this.
The Dangote Refinery is too important and strategic for Nigeria to mess around with.
Any other president would have made the same decision!

BABANGBALI:
Anonymous NG
@AnonXNG


When I saw the Malta 🇲🇹 NNPC comment by Dangote, I suspected there was more to it. Our group decided to investigate further.

Our discovery was deeply shocking.

Thread !

Firstly I will breakdown the whole Oil theft process and how Oil exporting and importing business works here in Nigeria .
NNPC grants importation licenses to a select group of oil companies, which are responsible for importing petroleum products into the country. These companies set the prices for petroleum products, and the media often refer to them as "oil marketers."

We’ve another set responsible for exporting/selling unrefined petroleum products both locally nd internationally. NNPC nd few partner companies plays a major role in this sector, along with high-ranking govt officials, military leaders, & politicians who r involved in oil theft.

To better understand this thread i will briefly explain how oil exportation and importation works in Nigeria.
Please note every point I will list you will need them as reference as we progress, very important

1. Extraction: Oil is extracted from the ground using drilling rigs.

2. Processing: The crude oil is exported(internationally) to refineries where it is processed into refined products

3. Transportation: The processed oil are transported from the refinery to storage tanks, blending facilities, and ports, typically via pipelines or ships.
4. Export: At the port, the oil is loaded onto tankers or other vessels and shipped to Nigeria and other countries
5. Sale: The oil is sold to buyers in Nigeria at a price set by the importer (oil marketer). The government subsidizes a significant portion of the oil price to make it more affordable for citizens, a practice known as fuel subsidy.
Now let’s link the list together

Recently, Oando PLC announced the approval to acquire 100% of Nigerian Agip Oil Company. This effectively means that the Tinubu family now owns Agip Oil, which is part of Eni S.p.A., an Italian multinational oil and gas company.

Agip Oil operates 17 onshore oil blocks and produces 11 million barrels of oil and condensates annually, and it also manages the Bonny natural gas liquefaction plant. One might wonder why such a successful company would divest 100% of such a critical asset.

Observing similar situations, like the case with Dangote, suggests that this sale was not made lightly. Now, these crucial oil fields and plants in Nigeria are under the control of Tinubu through Oando PLC which is Tinubu’s family owned not even NNPC.

Stay with me please

Continuing, with their control over substantial oil reserves in the Niger Delta and the ability to explore further through Agip Oil, their next step is refining. Instead of building a refinery in Nigeria, they opted to construct one in Malta 🇲🇹.

This move allows them to exploit the country's resources and obscure their activities.

In early 2021, Enemed Co Ltd, the leading fuel supplier in Malta, issued a tender for the leasing of storage tanks and a blending facility at the Ras Hanzir Oil Terminal in Malta.

Ras Hanzir Oil Terminal Limited won the bidding. It is owned and operated by the Tinubu family, with Wale Tinubu, who is also the chairman of Oando PLC, serving as its chairman along with other members of the Tinubu family and their associates.

The company has already established a functioning refinery in Malta, they have now acquired the storage tanks and blending facility oil terminals, which were recently exposed to the public.

Stay with me please

After Tinubu was sworn in as president, his first major move was to announce the removal of fuel subsidy, while the government continued to pay in secret, allowing him to increase petroleum product prices. This move was designed to benefit his own monopoly.

With the recent forced acquisition of Agip Oil by Oando PLC, Tinubu as an individual has become the largest oil exporter, explorer, and marketer in the whole country, second only to NNPC.
Here’s the pattern: Tinubu, through NNPC, will sell Nigeria’s oil to himself at a low price via his company in Malta. He will also explore, extract and export oil using his newly acquired Agip Oil Company, which operates across the Niger Delta states of Ondo, Edo, Delta, Bayelsa,
I’mRivers, Imo, Abia, Akwa Ibom, and Cross River.

Tinubu will then buy back the refined oil from his company in Malta through NNPC and as an oil marketer via one of his companies OVH Energy(Oando) at a higher price and export them back to Nigeria
The refined oil is sold to the Nigerian public at a high price, while the subsidy, although officially removed, is still being paid secretly. Essentially, Tinubu is paying himself subsidy.‼️

This scheme an extraordinary level of financial exploitation

Even after he leaves office, and Nigeria remains without refinery which he will make sure of, his Oil Monopoly over the country will remain standing. As if that is not enough, the govt will still pay him for subsidy!

He sold Over 2 Billion Dollars worth of petroleum products to Nigeria through the Malta refinery just in 2023 alone, that’s an example of what the future of Nigeria Oil importation will look like

That’s why he will fight the Dangote refinery with everything he has; if it becomes operational, his multi-trillion-naira oil monopoly enterprise will collapse.

The price of petroleum products like fuel will keeping increasing, while he still pays himself subsidy.

Considering his age, one might wonder what he needs all this money for, other than sheer greed. It's truly disheartening.


Copied

Useless conspiracy theories for those who would make themselves ''useful idiots'' for your lies.

''Agip Oil operates 17 onshore oil blocks and produces 11 million barrels of oil and condensates annually, and it also manages the Bonny natural gas liquefaction plant. One might wonder why such a successful company would divest 100% of such a critical asset''
a. Why don't you raise a disciplinary query against the management of NAOC/ENI for them to respond to the above?
b. Your company did not do any fucking investigation! Mention the places you visited in Malta for the crooked investigations that your company ''conducted'' in less than 1 week after the news of Malta came out?

''Ras Hanzir Oil Terminal Limited won the bidding. It is owned and operated by the Tinubu family, with Wale Tinubu, who is also the chairman of Oando PLC, serving as its chairman along with other members of the Tinubu family and their associates''.
c. Where are the evidence? Where are the authentic company incorporation/registration documents that your company obtained from the Registrar of Companies in Malta that shows that Ras Hanzir Co Ltd. is owned by Nigerians or Wale or Oando?
d. Has your company done the investigation of how Oando acquired the assets of Conoco Phillips around 2014 for an amount (USD1.5bn) which was higher than the amount they acquired NAOC/ENI for in 2023/24 (less than USD1b)?
e. Has your company done the ''investigations'' on how Oando acquired Unipetrol in 2001/02?
f. Has your company done any ''investigations'' on how Oando acquired the downstream assets of Agip (NAOC)?



Some Nigerians can be so useless and desperate to the extent of telling blatant lies to score some political point.

In 1989, we all joined the anti-SAP riots when it was rumoured that one Ebony Magazine had published a story of the wealth of President Babangida and his wife Maryam Babangida. We believed the story and students protested all over the nation, and people died. At the end of the day, there was nothing like that was published in the magazine!

Note:
Bola Tinubu may be very corrupt, clueless and useless as president of Nigeria. And I believe so. But that does not give licence for people to write any bullshit and insult the intelligence of people!

Choiceguy:
There's no development but speculation, which is part of the game.only know when to jump out.

Can a company share price start rising without good result.

You may be right to say it is all about speculation.

But ProphetUtuocha also said about 2 weeks ago that we should watch out for Oando because of some new developments.
This is a time when so many deals/proposals may be going on in the company in the background (e.g. sourcing partnerships for funds, raising of capital on NGX, bonus issues to compensate shareholders etc.) that may be known to only a few people, who may then be placing heavy bids that move the price.
Anything could be responsible.

Raider76:
When is Oando next results expected please?

Oando's next financial results expected in Sept 2024.
But I guess there are some developments in the company that are making the price to rise in recent days.

Choiceguy:
Oando to the moon.#30 is possible any moment but if you miss Oando don't miss eterna oil .

The big people here have been with Eterna Oil for some time. They know themselves ( I no go mention any name)
Only some ''small boys'' like myself have been making noise and doing strong head about Oando.

KarlTom:
Just seeing this...

https://www.vanguardngr.com/2021/07/breaking-sec-settles-lingering-dispute-with-oando-plc/

Lol.
It seems you are doing some background checks/research on Oando

Emir01:
Thanks. I want to know whether is a good move to buy Oando.

The decision to buy or not will depend on several factors that only you can decide on:

i. your understanding of the stocks that you want to buy e.g. prospects of the company, the sector/industry etc.
ii. your investment goal: e.g. are you buying to make a specific capital (price) gain in the short term or holding for dividends in future.?
iii. your risk appetite i.e. are you ready to take risk without panicking even if the price falls drastically along the way?
iv. your investment horizon: for how long a period are you prepaid to invest your money without having to sell?
v. are you investing your own funds or borrowed funds? etc.

I will suggest you do some due diligence, read and consult people who know about the operations and prospects of the stocks (Oando) etc.

Emir01:
Can someone still buy Oando? Please advise

Yes, you can still buy shares of any company that is listed on NGX, including Oando.
If you are new in the stock market, just get in touch with a registered/licensed stock broking firm and they will will guide you through the process.

Pesuzok:
The transaction has not been completed. Maybe until Oando pays Eni, documents are signed and Oando takes over the affairs of naoc and thereby becoming an upstream operator.

Expect more bull run for Oando

You these Oando people just want each and every corporate action or information on this single ENI-Oando deal to lead to a separate bull run. Na wa oooo!

Streetinvestor2:
Very quick one and good too for oando. Wale still showing his new dance step to build investors confidence as per whr he is going soon

You see why it is not good to just believe any rumours and stories online until it is verified with credib;e evidence.?
Just a few hours ago today, you rushed to say that I should not be blinded to defend Wale Tinubu/Oando just because I bought Oando shares and that Dangote must be sure of what he said even though he did not mention anybody's name!

I have witnessed a lot of lies, rumours and cooked stories against successful people in this country, including Dangote himself!

ProphetUtuocha:
Congratulations to the folks who are onboard the Oando jet. Enjoy the fresh air and exciting ride

How far with updates about the new developments in Oando that you mentioned 2 days ago?

Obrigardo:
Everyone should agree netanyahu is a war criminal.

You can support Israel and still support a free Gaza and Palestine.

And you can also call for netanyahu to be jailed and hamas to be ostracized for Gaza to be free.

Call for a leader defending his people and country from terrorists to be jailed?
You would not be typing these if your siblings or loved ones were among the people that were killed on October 7.

monerozi5590:
I thought Oando has bought this part(onshore) of Agip already oh. I am just getting to know there are still in the process. In terms of exploration, Agip, Shell and ExxonMobil are now doing offshore exploration only.

What Oando acquired recently from Agip (ENI) are some of the assets producing crude oil (i.e. upstream)

Streetinvestor2:
I miss up here.The first shareholders are the the ones a mention whr fake.The ones who just got judgement are the real shareholders because they saw the initial ones whr insider job of wale and partners....Attack I ment was not insults rather serious opposition on my view.
It is Well at the end we are making money in oando

;;

Good! Let's make money together and extricate ourselves from the financial mess in the country, and share positive ideas.
Personally, I have benefitted from the ideas and suggestions of a lot of people on this forum.
Even though I personally discovered the hidden value in Oando and started accumulating several years ago (when it was around N3-N5), people like ProphetUtuocha and others have made me develop more confidence to buy more.
I am just watching and doing my calculations quietly! Like play, like play monkey dey chop banana.😊

Streetinvestor2:
Lol seriously. You remember your attack on me then when I said it was wale left hand that is behind the first shareholders that went to court. So what changed that you started believing it was true or started assuming I could be right. My guy everything is possible with wale.I will not out rightly write off the story as fake

I cannot remember me attacking you. I don't think anybody has accused me of attacking him/her on this forum, so why would I attack you of all people?.

You said the 5 minority shareholders that went to court to join the case and oppose the delisting and the initial14 minority shareholders that requested for the delisting are all doing the bidding of Wale Tinubu.
I only gave an devise that we should avoid spreading unfounded stories or news in order not to mislead people.
And you made a lot of derogatory remarks against me, which I ignored.

At the end of it all, the court has given judgement and it has proved the 5 minority shareholders right, which aligns with those of us that originally believed that Wale was not necessarily behind all the court cases, especially as ProphetUtuocha was consistent in saying with the confidence of an insider that Oando was not going to delist.

Now, after you made those derogatory remarks, and you later changed your mind, how does it make you feel and what image are you presenting of yourself to people?

yMcy56:
Seems FCMB's Market Maker has been hijacked by FIDELITY........and Notore's MM has taking over.

On a good day, FCMB would have rode on the strength of the fantastic Q2 to circa 10!


Meanwhile, OANDO is sighted @20 in market!

Yesterday, we dey talk say that news na fresh one, Oga Mikeapollo dey talk another thing....
OANDO wey be say, we dey look forward to fresh +ve news everytime ni. 😁

Some days ago, ProphetUtuocha had said that we should watch out for Oando because some new developments were going to come up. Those developments may be the reason behind the recent performance of Oando. Insiders may be the ones mopping up as much as they can and making the price to rise.
The new developments Prophet talked about is not the signing of the deal, because the deal had been certified done, sealed and delivered by NUPRC.

All said and done, I am also interested in Oando doing well and rising higher.

Streetinvestor2:
Oga don't be blinded because you are in oando therefore since wale name is on it is fake.Alhaji who mentioned it in the house must have information. Wale is a scam as a person though I dey inside oando

I am mature, educated and sensible enough not to just swallow and believe any rumours or insinuations online, like this one without evidence.
Dangote may be very correct to say that some people own a refinery in Malta where they import refined products into Nigeria. But did Dangote mention any names?
The ownership of a private, limited liability company is not conjured by the whims and caprices of any person or blogger or politician. It is based on the documents of incorporation and evidence of the ultimate beneficial ownership.

So those who are now mentioning specific names must provide the documents of incorporation to back up their claims.
Nigerians are very good at conjuring rumours and stories and linking them to leaders, rich men, their families, friends and associates, especially if those leaders are unpopular or performing badly in governance or politics.

I witnessed how rumours and lies of an alleged publication in Ebony Magazine about the wealth of former President Babangida and his wife, Maryam Babangida, among other things, led to the 1989 SAP riots by students which led to the death of many people. Almost every youth and student in the country believed the story, including myself. At the end of the day, the whole thing was all false, but people died for the lies.!

I don't have the right to call anyone a criminal or scam if I don't have some reasonable basis or evidence against such person.
I will wait until when I see the evidence then I will join the chorus to call names even if it is Wale Tinubu or Oando.

I refuse to be a useful idiot for some bloggers or politicians! (credit to Netanyahu).

Kanixt:
Go Search what Oando doing in Ras Hanzir oil limited

Do you believe this kind of news about Ras Hanzir Oil Company in Malta?
I will wait until they publish the whole details of the company and its registration number, corporate address, name and signature of Registrar of Companies in Malta (that signed the incorporation documents), and the address etc. before I believe.
Nigerians are very good at creating and spreading lies, rumours and conspiracy theories.
Like someone rightly pointed out, oando bought the assets of Unipetrol, Agip and Conoco Phillips when Bola Tinubu was nowhere the presidency. So buying ENI's Nigerian Agip Oil Company (NAOC) upstream assets should not be a big surprise.

But Tinubu's government has been very clueless, corrupt, incompetent, a disappointment and big failure, hence it is easy for people to believe this kind of news.

stcool:
Oando faithfuls

Do you believe this kind of news about Ras Hanzir Oil Company in Malta?
I will wait until they publish the whole details of the company and its registration number, corporate address, name and signature of Registrar of Companies in Malta (that signed the incorporation documents) etc. before I believe.
Nigerians are very good at creating and spreading lies, rumours and conspiracy theories.
Like someone rightly pointed out, Oando bought the assets of Unipetrol, Agip and Conoco Phillips when Bola Tinubu was nowhere the presidency. So buying ENI's Nigerian Agip Oil Company (NAOC) upstream assets should not be a big surprise.

But Tinubu's government has been very clueless, incompetent, a disappointment and big failure, hence it is easy for people to believe this kind of news.

FaceTanke:
No matter how hard u try, u must have one enemy in that house...

This is where the kids make the best of friends for the future!
With such friends, you know each other's humble beginnings and appreciate your struggles, stories and success when you finally make it in life in future.