designking:


Sentiment favors a NASCON rally this week due to the Dangote refinery success. NASCON is Dangote third most important company after Dangote Cement.

Dangote intend merging the Dangote Sugar and Dangote Rice with NASCON though the mergers failed.

NASCON will rally at least 25% this week due to positive market sentiments and expectations for the Dangote Group.

According to dangote, there is nothing in the salt business. The man no too regard NASCON. Its one of his smallest business

I heard Dangrefinery sold way cheaper than the sum NNPCL is quoting to Nigerians.
Anything to continue importation

megawealth01:
NNPCL confirms buying 16.8 million litres of petrol from Dangote at N898 per litre

https://nairametrics.com/2024/09/15/nnpcl-confirms-buying-16-8-million-litres-of-petrol-from-dangote-at-n898-per-litre

The relationship btw Dangote and NNPC dob spoil finish.
https://www.nairaland.com/8214188/dont-mislead-nigerians-dangote-denies

mikeapollo:


Wow. Thanks for the info.
Man must find some money and keep. Dangote Refinery will be loud on NGX!

Loud like transpower.
Friends and associates go first take, then brokers, before we go see units buy. Na when the price done settle we go fit buy units from the floor of the exchange, except if they do publix offer.

Agbalowomeri:
Don't be surprised if the government refineries suddenly start functioning and producing PMS. It's all good sha

That one no fit happen. Do you know how much these people make from "turn around maintenance"(TAM)?

E no go work. Them fit ask dangrefinery to allow them do TAM for the new refinery sef.

lasisi:
Now that it is now in the open that NNPC will be the sole distributor for Dangote Refinery. What will be the faith of those currently locked-in on ETERNA?

I doubt if anything changes. NNPCL will still supply to them and all other marketers. With dangrefinery they are sure of more regular supply ie of NNPCL no mess things up

Picky1:


Stock split will be a good idea!
What do you think?

I pray they do. In the absence of a change in the rules, It will help in further price appreciation.

KarlTom:
If only ARADEL et al were already listed on NGX, this news would have given it at least 5 days of solid bull

https://businessday.ng/energy/article/shells-1-3bn-assets-sale-to-renaissance-gets-regulatory-nod/

5days solid bull without price increase. Seplat has been on 3weeks solid bull without appreciating in price.
At 10k plus, it would be difficult to get the needed single trade volume of 100k units. That is 1billion naira single trade.

mikeapollo:


Oando is already targeting 100,000 barrels per day by 2025 (going by interviews by senior officers and releases)
Their current production is around 40,000 barrels per day

The factoring of the ExxonMobil deal into Seplat's current price may be deceptive. The price will surely rise when the deal is complete and announced officially.
Oando is a good reminder, the price rose sharply after the official announcement of the completion of the ENI deal

Remove your eyes fron target, focus more on actual. If I post seplat target here, e go shock you.

zendi:

The Minister is the nation's chief due diligence officer on petroleum with all the official inside info as to crude oil reserves and where they're located. He wouldn't be charging Oando to strive towards 100,000 bpd if he didn't know that they're sitting on the assets to do it simply by ramping up operations.
But even Seplat itself wants to rise higher in price but for the constraints of market rule.

Forget about that minister. See what he said about seplat deal. Target of 600,000 bbls per day

zendi:

Oando's equalizing price with Seplat is around #200.
So still severely undervalued.

Seplat pumped an average 48,000 bbl per day in 2023. And should increase by completion of ExxonMobil purchase.
I don't think oando pumps that much.
Mind you ExxonMobil deal and Anor (transformational) has project have been factored into seplat current price

megawealth01:
Another Petrol Scarcity Is Looming - Fisayo Soyombo

https://x.com/fisayosoyombo/status/1833041546926493787

The "experts" running this country...
Dangote better do the dangfood merger make we see money take buy fuel. Japa cost is too much these days.

Sunrisepebble:
Sizeable bids for Seplat between today and yesterday, 4k soon approaching

Seplat has been on full bid since, but the 100k single transactiin remains the main issue.
It might not get it unless one of the ogas does the needful.
Because of that rule, stocks like this need special intervention to make any movement

https://www.vanguardngr.com/2024/09/lokpobiri-tasks-oando-on-100000bpd-oil-production/

This one is for oando people. The content will interest you.

Seplat can do10% today if only someone will be gracious enough to sell 100k units. There are enough bids.

emmanuelewumi:



Coupled with just 220 million shares and a forecast EPS of N1000 for the year

Using the OS and assuming all other things to be equal, my rough maths suggests that Aradel at 10,000 is equal to Oando at about N176

yMcy56:

If Aradel could be trading at Circa 10k....then we'll still be patient with OANDO.....

There are bids on ground, once profit takers are done, we'll be able to see road again....
Crossing N100 is the next task now......

Meanwhile, CI Leasing is cruising upward in market.,.... Currently @4.47......

** Caveat: Not any form of advice*"

The only problem with your oando/Aradel comparism is the fact that price movement rule is not the same.
That 100k single transaction rule is what is stopping some companies from moving. It appears not to operate in the platform where aradel is listed. Thats why its experiencing such appreciation at that high price.

megawealth01:


So subsidy isn't gone after all?

According to NNPC, subsidy is gone, but they only sell fuel below the landing cost..
I wonder what that means.

Zagee:
What is all this talk of NNPCL monopoly on buying from DR? What happened to our enlisted right-to-purchase coys?

If them buy direct, who go come subsidise the fuel?
NNPC will buy at 1,200 and sell to Nigerians at 850

megawealth01:

https://www.youtube.com/watch?v=a7j5S9xhowY?feature=shared

Aliko Dangote has officially announced the commencement of petrol production at the Dangote Refinery. He expressed his gratitude to President Tinubu for permitting the sale of crude oil in Naira. He presented the first sample of the petrol to press Peep the colorless petrol in the bottle on the table I never knew petrol was meant to be this colour less

Hmmm dangote better collect money upfront before selling to Nigerian govt cos them fit owe him the cost of setting up that refinery.

Streetinvestor2:
If I call you out to prove it now.You will say I want to show off.Can you Bring out any post showing whr I told you or anyone regarding that.And if you can't. I advise you do respect yourself. The decision to buy hold or sell is your business as I had always preached

I can play dirty but have decided to hold back going forward

I no get Oando, but I know wetin I dey talk.
Once you sell: "e don cast" But once you buy ...

Abeg oh. I no sabi play dirty and I no dey curse. I no sure say I done quarrel with any body for here.

Streetinvestor2:
OANDO OANDO Don cast.

My BE in the three batch of purchases are as follows
1 8.96
2 11.21
3 12.41
That. Means I have very good margin of safety. So don't even quote me if it turns out otherwise

That said, I decided to put a call to someone I respect alot in this business and who by all standards a big man in this country and a full stake holder in nse.The privileged of having his direct contact is one of benefit of being Dan arawa by association.It is a life line I hardly use for small things but I decided to use it today
The information from his end is I should go and sleep based on oando. He said oando is going far strictly based on political will.He said short time target will be #100 and told me what to expect by February/March which I will not mention here.

I personally have decided to pull out all the money I gambled in oando by the time it hit #100 soon and reinvest in Fundamental sound stocks since I am an FA believer.Pls this is not a buy,hold or sell advise. I just did not want to keep all my brief discussion on oando to myself. The money to buy oando is yet to be scratched based on what he told me..

You too get double mouth. After deceiving many to sell. Lol.
From all indications, you have re entered oando. Time to sweet talk the stock.

olig:
Good to know that ASUU is more powerful than the government. Obviously, ASUU also made the newly created universities "non self sufficient". ASUU has always proposed many ways to fund university. Go and check how ETF came to being. And now politicians have hijacked it using it to fund irrelevant things.

It is amazing "how selfish ASUU is", in a country where the take home of a professor is less than 500k. In University like UI where we had to help our professors carry kegs to look for water up and down. Where we had to contribute money to hire generator for months (when there is no reliable power) in order to do analysis and research needed to represent the university in national and international competitions. ASUU IS ALWAYS THE PROBLEM, right? Including the schools that doesn't have ASUU.

I end my case here o. This is Nigeria Stock Picks not ASUU or government thread

When I said before that if not for ASUU I for no go school, people no understand.

They will not understand how irresponsible government is in Nigeria. They fail to look at other sectors that the government has total control, how badly they have faired.
You think govt cares about your education when all their kids are in Uk and other developed climes.

If not for ASUU una for see "Band A" university with any how education. Go and ask Nigerian Airways, NEPA, Nigerian Refineries, NITEL etc how government has made them more "profitable".

Govt only cares about money generation(that may be soon looted). You dont know how happy they are with the man at Jamb, that have been increasing "profit year in year out"

If you allow them, all they will do is "privatisation and comercialization" nothing more.

Raider76:


You have to get rid of ASUU first. They are the ultimate leaches that believe everything has to come from government. If Unilag is a private university in the example you gave they would have built the ferry.

If not for ASUU, some of us for no go school.

Make I help the oando ministry

https://www.nairaland.com/8199844/nnpcl-hand-over-warri-kaduna

Totalenergies officially moved so early. Now 673.90

Slow and steady ride

Abeg make una allow oando sleep this night naa.
Its 11pm already and una still dey call oando oando oando

SonofElElyonRet:
https://punchng.com/amcon-set-to-sell-ibadan-disco/

Hope Tony is listening

Money no too dey for discos

Meanwhile wey dat person wey say there will be pull back in Total, Oando and others.
Come and pay me mmy money

Seplat alert just landed. Very efficient in dividend payment.

designking:
A lot of stocks will pull back tomorrow and it is a good time to buy these stocks

1. Oando
2. Eterna
3. JAPAUL
4. C & I Leasing
5. FBNH
6. Ellah Lakes
7. Total

Put your money, Total will not pull back tomorrow

Sunrisepebble:
Omo someone don move 100k Total Energies

Wow Oour Total energies.
Chai 1k will not be bad.