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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Cde Monomotapa wrote:60 dollar crude!! Will KK cope this time? GOD BLESS YOUR LIFE
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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youcan'tstopusnow wrote:Cde Monomotapa wrote:60 dollar crude!! Will KK cope this time? The pricing formula should protect margins I presume. Right now i'm thinking wholesale! This is the silver bullet for this inflation menace!!
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Cde Monomotapa wrote:youcan'tstopusnow wrote:Cde Monomotapa wrote:60 dollar crude!! Will KK cope this time? The pricing formula should protect margins I presume. Right now i'm thinking wholesale! This is the silver bullet for this inflation menace!! What of the subsidiaries? GOD BLESS YOUR LIFE
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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youcan'tstopusnow wrote:Cde Monomotapa wrote:youcan'tstopusnow wrote:Cde Monomotapa wrote:60 dollar crude!! Will KK cope this time? The pricing formula should protect margins I presume. Right now i'm thinking wholesale! This is the silver bullet for this inflation menace!! What of the subsidiaries? Oops...that's a valid point! But f**k it, we need inflationary relief now! KK we will recover later!!
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Eish KenolKobil does not have space to hold inventories for that long...any inventory bought towards end of 2010 have been sold off...so a weak crude price can not hurt KenolKobil...in fact it's welcome...it will help push volumes...only get worried if they have any long term hedges...
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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the deal wrote:Eish KenolKobil does not have space to hold inventories for that long...any inventory bought towards end of 2010 have been sold off...so a weak crude price can not hurt KenolKobil...in fact it's welcome...it will help push volumes...only get worried if they have any long term hedges... What of in all those tanks we've bought in the recent past?!?
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Cde Monomotapa wrote:the deal wrote:Eish KenolKobil does not have space to hold inventories for that long...any inventory bought towards end of 2010 have been sold off...so a weak crude price can not hurt KenolKobil...in fact it's welcome...it will help push volumes...only get worried if they have any long term hedges... What of in all those tanks we've bought in the recent past?!? ...KK is well diversified if caught with any expensive stock they can dump the stock in markets offering the highest margins I.e Kenya .. 
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Bottom line, sustained cheap crude will be an early Xmas gift for net importer countries of the EAC!! A strong Q4 and beyond.....
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Rank: Veteran Joined: 5/23/2010 Posts: 868 Location: La Islas Galápagos
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Marketers are better off compared to the brief-case oil companies who just sit on ullage. Nowhere to dump the old stocks - Triton reloaded A bad day fishing is better than a good day at work
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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StatMeister wrote:Marketers are better off compared to the brief-case oil companies who just sit on ullage. Nowhere to dump the old stocks - Triton reloaded Luckily the August load is KK's?
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