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VituVingiSana		#1551 Posted : Tuesday, April 05, 2011 1:50:18 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,371 Location: Nairobi		http://www.kenolkobil.co...4499dc4899ff4a9ffc4fb21 So KK expects prices to rise another KES 7.20 which means I am going to jaza my tank & some 20-gallon jerricans on 13th. At KK of course! Is there is a chance that some stations will run out of fuel on 14th? Or simply not sell any until the 15th? Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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hisah		#1552 Posted : Tuesday, April 05, 2011 1:52:12 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		http://www.liveoilprices...forecasts-150-soon.html On Friday 15th going by the volatile trend of oil prices, ERC will most likely increase pump prices by 7 - 9% as per the international price volatility. So I expect to see the prices below. Low estimate... Super - 102.5 + 7% = 109.60 Diesel - 94.5 + 7% = 101.10 High estimate... Super - 102.5 + 9% = 111.70 Diesel - 94.5 + 9% = 103.00 I'm not going to bother with jet fuel and kerosene since the same estimates are applicable... KQ fuel costs will eat into profitability... The share price will remain depressed... Industrials will continue experiencing high power costs. This is not helped by the fact that Aggreko has another two month contract extension - http://www.foxbusiness.c...tract-months-newspaper/ And finally, the CPI or inflation index will spike to the double digits. Unless the smart guys can come up with a way to overhaul the oil dependency curse immediately, I don't see how oil won't break beyond $150, MENA crisis or not... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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VituVingiSana		#1553 Posted : Tuesday, April 05, 2011 2:27:47 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,371 Location: Nairobi		@hisah - It will not be immediate (5-10 years) but the smart folks in the West [not sure about the East but only SA in Africa does anything meaningful] are working on some novel solutions... 1) Use of non-oil sources for plastics. This means the demand for oil will drop. 2) Conversion of near-oil to oil like Shale & Coal. South Africa & Canada lead the way. 3) Improvements in technology means less fuel/km needed. That's why we get cheap mitumba cars! See hybrids in Japan, UK & USA. Always improving the range. 4) Microbes being bred to convert cellulose to fuel. Even better than ethanol. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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youcan'tstopusnow		#1554 Posted : Tuesday, April 05, 2011 7:21:30 PM
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa		VituVingiSana wrote: So KK expects prices to rise another KES 7.20 which means I am going to jaza my tank & some 20-gallon jerricans on 13th. At KK of course! I can just picture the scene GOD BLESS YOUR LIFE
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BGL		#1555 Posted : Wednesday, April 06, 2011 2:01:12 PM
Rank: Veteran Joined: 10/11/2009 Posts: 1,223		This is the response of KPC as concerns the purposed threats of winding up Its on page 21 DN but for those who haven't seen the print here it is. http://www.2shared.com/document/Lb8Od1Nq/KPC.html History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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selah		#1556 Posted : Wednesday, April 06, 2011 2:14:12 PM
Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya		Quote: Because KPC recognizes that the fact of service of the winding up notice will once again be given the widest possible adverse publicity in the media, it wishes to take this early opportunity to reassure its business partners, users, employees and other stakeholders that it is taking necessary advise with a view to safeguarding its position in order to ensure that it continues to fulfill its mandate without disruption. Advise from who? once the court sends a receiver manager can KPC really do anything? '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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VituVingiSana		#1557 Posted : Wednesday, April 06, 2011 3:54:45 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,371 Location: Nairobi		selah wrote: Quote: Because KPC recognizes that the fact of service of the winding up notice will once again be given the widest possible adverse publicity in the media, it wishes to take this early opportunity to reassure its business partners, users, employees and other stakeholders that it is taking necessary advise with a view to safeguarding its position in order to ensure that it continues to fulfill its mandate without disruption. Advise from who? once the court sends a receiver manager can KPC really do anything? Well, let them take whatever advise they want over the next 20 days... In the meantime, KK is in pole position! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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nahdy		#1558 Posted : Wednesday, April 06, 2011 4:16:25 PM
Rank: Member Joined: 6/29/2006 Posts: 184		http://www.nse.co.ke/new...ncements/KenolKobil.pdf eeh!!!! the guy is loaded....
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VituVingiSana		#1559 Posted : Wednesday, April 06, 2011 4:37:34 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,371 Location: Nairobi		nahdy wrote: http://www.nse.co.ke/newsite/pdf/YEAR%202011/Announcements/KenolKobil.pdf eeh!!!! the guy is loaded.... huh? Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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youcan'tstopusnow		#1560 Posted : Wednesday, April 06, 2011 5:03:37 PM
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa		nahdy wrote: http://www.nse.co.ke/newsite/pdf/YEAR%202011/Announcements/KenolKobil.pdf eeh!!!! the guy is loaded.... He's in just in time for the ESOP GOD BLESS YOUR LIFE
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