You're right... but I guess the fact that KK is in amongst them and is competitive is a great sign.
"The sources who attended the tender opening last Friday, said some of the prominent bidders included Dalbit Petroleum of Kenya, the company which had the contract for the past two years, Agipol Africa, Addax Oryxl, Trafigula, IPG and
Kenol Kobil."
"All intelligent investing is value investing -- acquiring more than you are paying for. You must value the business in order to value the stock." - Charlie Munger.