₦airaland Forum

megawealth01:
FTGINSURE that will go back to carpark

kintus:
Take the lead.

KarlTom:
It's currently available!

chimex38:
those who have crude but lack refining capacity can have a bilateral MOU with those with refining capacity but lack crude.
Buh if you lack both?
O pari
Kuku embrace Green energy with all your strength, might and will power

mikeapollo:
For countries or companies that import raw crude oil and refine locally, the crisis would increase the average production cost per barrel.
For upstream companies that produce and export crude e.g. Seplat, Oando, the average production cost might not be affected much. But how much they would gain from the price rally might depend on how much forward sales they still have to deliver and the price in the forward contract.

mikeapollo:
Na today you get answer for me?
Human beings!

megawealth01:
FTGINSURE that will go back to carpark

Stockpromoter:
Anybody that follows Loco index must have seen it addressed in our pre-market summary.
It is expected.
Note: Fortis completed recapitalization restructuring before being lifted from Technical suspension.
I don't think they are coming for right issue or fund raising this period others are raising funds.
Still keep eyes for northern journey after some pullback.

jckgroup1:
Question for you.

What happened to Naira for crude deal? What happened to locally sourced crude or does it come through the strait of Hormuz?

What happened to crude stock? What happened to refined stock? And Reserve if any? Has Nigerians consumed all?

Three or more Dangotes and Nigerians will be alright. Monopoly has never served or benefited the masses.

ghm:
Crude poil is booked 3-6 months ahead. It is not that simple/easy to adjust if any unwanted situation arises like the one we see right now.

Shalom428:
Long term, you want peace of mind, you want growth, you want consistent yearly dividend?

Answer: Dangote Cement

Follow The Money

chimex38:
Yes.. Booked ahead if time and isn't easy to adjust.

But theres sth called forced majeure on contracts.
You can read it up.

Saudi, Kuwait and Bahrain all Arab oil producing nations with obligations to deliver to clients but unfortunately can't due to circumstances beyond their control(War) activates forced majure..
As a client, you cant sue them for default.
The oil cooperation in those countries are absorbed of any indemnity or liability in the contract should they fail to deliver.

KarlTom:
PREMIER PAINTS holders/MM have woken up?
I used to think they don't need capital appreciation...

ghm:
I know. It was a response to someone who said talked about swaping.

yMcy56:
Peter, this your deceitful lifestyle though!
The stock you sold already at 45 and sold the remaining@50....then possibly jumped in quickly this morning...
You're now posting as if you're in the bus...
Kwantinue you hear....🤔

jckgroup1:
I have read views and opinions but we all agree that DangRefine is a business and it's all about making money and not to serve/benefit the masses primarily.

I still stand with my view that we need two or more mega refineries, as monopoly has never served/benefitted the masses.

I appreciate the huge contribution of DangRefine to the nation but we need more refineries and even Impoorrters. Free market economy and resultant cheaper alternatives than monopoly. Hence, it may seem that I don't appreciate DangRefine but I don't celebrate monopoly either.

Absolute power corrupts absolutely

ghm:
What of shipping?
I learnt renting a oil tanker was $100K per day but now more that $400K per day!
The issue ned to be contained ASAP. The escalation is becoming real!

Agbalowomeri:
But you can't blame Dangote Refinery for monopoly
Some other refineries are in the pipeline
Until then, make Dangote dey chop him money. There should be a massive reward for "chesting" an uncommon risk

Sunrisepebble:
Key highlights from Lafarge Africa confernce call

* Planned CAPEX spend for the 4.5mtpa extension of current facilities to cost $250 million
* Planned timeline for completion is 12 months, to be commissioned by December 2026
* To be financed by internal cash flows
* Also, basically confirmed that planned expansion will not affect their drive for returning value to shareholders (Dividends)
* Hinted at possibly more expansion after this current one. State that Huaxin views Nigeria as one of its most important markets outside China and is committed to the long-term. Also hinted that export is an avenue they could explore after expansion
* The expansion will not affect their debottlenecking initiatives, at least in the meantime, as they work towards unlocking more value at current capacity. State capacity utilisation rate at 66%
* Cost optimisation and sustainability initiatives are gaining traction and are already helping the company. Alternative fuel substitution rate at 15%, 500 CNG trucks commissioned. Partnered with LAWMA to convert solid waste to alternative energy at some of their current plants. Although key material inputs, such as gypsum and spare parts, which are imported, remain elevated and face potential supply disruption, their own cost optimisation initiatives will be key to maintaining strong margins amid stable prices
* Innovative product offerings were key to volume accretion. Ecocrete and EcoPlanet cement, which use less carbon in production and were introduced in the past year, accounted for 27% of total sales.

jckgroup1:
I have read views and opinions but we all agree that DangRefine is a business and it's all about making money and not to serve/benefit the masses primarily.

I still stand with my view that we need two or more mega refineries, as monopoly has never served/benefitted the masses.

I appreciate the huge contribution of DangRefine to the nation but we need more refineries and even Impoorrters. Free market economy and resultant cheaper alternatives than monopoly. Hence, it may seem that I don't appreciate DangRefine but I don't celebrate monopoly either.

Absolute power corrupts absolutely

Stockpromoter:
Anybody that follows Loco index must have seen it addressed in our pre-market summary.
It is expected.
Note: Fortis completed recapitalization restructuring before being lifted from Technical suspension.
I don't think they are coming for right issue or fund raising this period others are raising funds.
Still keep eyes for northern journey after some pullback.

Valthegreat:
Loco if what you mean by the bolded is the ongoing NAICOM sanctioned recapitalization requirements FTG is yet to meet it o!
In other words dilution is still coming as they are to raise more funds by April this year to meet up

mikeapollo:
There is no regulation or law that says nobody should build a refinery. So DangRefine is not a monopoly in the real sense.
Anybody that can take risk with his/her $5b; $10b; $15b; etc. to build a refinery (inside NUPEG and PENGASSAN wahala) is also welcome.

Many people have failed to build, and when one person struggles to build something, we start calling him a monopoly! How ironic

Agbalowomeri:
But you can't blame Dangote Refinery for monopoly
Some other refineries are in the pipeline
Until then, make Dangote dey chop him money. There should be a massive reward for "chesting" an uncommon risk

SonofElElyonRet:
@yMcy56
He needs some talking to

megawealth01:
WTI crude trading at $108.66, up $17.76 or 19.54%, while Brent crude trading at $108.69, up $16.00 or 17.26%...

Jagaban and OANDO

megawealth01:
WTI crude trading at $108.66, up $17.76 or 19.54%, while Brent crude trading at $108.69, up $16.00 or 17.26%...

Jagaban and OANDO

alfajohn:
Let me play the devil’s advocate. Tony has acquired 20% of Seplat the govt was planning to sell 25% of his holdings in Seplat to Chagoury. With this and the remaining government shares in Seplat Tony and chagoury will have total control of Seplat with the support of the remaining govt shares. Govt was also planning to sell 20% of its shares in OANDO to OANDO making OANDO have 60% and have total control. All the 3 parties are connected through the big man. It may so happen that the two entities may do a M&A. Just my twisted mind thinking aloud. I am a person with vested interest take my hallucinations with a pinch of salt.

.

jckgroup1:
I have read views and opinions but we all agree that DangRefine is a business and it's all about making money and not to serve/benefit the masses primarily.

I still stand with my view that we need two or more mega refineries, as monopoly has never served/benefitted the masses.

I appreciate the huge contribution of DangRefine to the nation but we need more refineries and even Impoorrters. Free market economy and resultant cheaper alternatives than monopoly. Hence, it may seem that I don't appreciate DangRefine but I don't celebrate monopoly either.

Absolute power corrupts absolutely