That PUMA deal could be off for now, going by their behavior in the market..... It could be a PR stunt, however a keen eye will note they are back to their ways of shorting the fuel market,which had been shelved when PUMA came into the picture! Maybe they are in to regain the market leadership! However right now the oil industry is extremely susceptible .... look at the international prices, being hedged or not is equally dangerous! But then again stocks prices can be surprising (still learning)!
My 2cents!

@VVS you can't really still believe this deal will go through??

#Delusions!

the take over is still on,its going to happen and its wise to stock up

@vvs - I expect fear to strike very soon. I hope that shakeout forces the price below 10. That will be awesome fear that needs to be bought into...

Mwendwa KK what eatest thou? forgive thy speculators and fundamentalist. Rewardeth thy trueth investors!

Something about the KK-Puma deal
http://www.businessdaily.../1/-/fgfmqb/-/index.html

Why KK (it's impressive network) is important for Puma/Trafigura. KK has figured out the logistics of moving fuel from Mombasa, Tanga & Dar all the way to Zambia.

KK is in Kenya, Uganda, Tanzania, Rwanda, Burundi, Zambia & Ethiopia.
It is in the top 3 in Kenya, Uganda, Rwanda & Burundi. It has 80 stations in Ethiopia. Recently (2011/12), it has built or acquired storage facilities in Uganda, Tanzania, Burundi & Zambia.

http://www.businessdaily...2/-/u6tvj1/-/index.html

Oil traders with Gulf operations based in Dubai are looking to sell into an East African market now worth $15 billion a year to supply oil products to power emerging economies growing on the back of a rising population and robust mining activity.

Kuwait’s International Petroleum Group (IPG) has shipped fuel to ports dotted along the coast for more than a decade, fighting alongside established suppliers like trader Trafigura and local companies like Gapco Kenya.

Apart from IPG and Trafigura, which operates in Africa through its subsidiary Puma...

“Part of the attraction of East Africa is that it opens up to the interior, into Zambia and Uganda. There’re lots of companies interested in placing product into these markets if they can optimise the logistics,” Still said.

[quote=MoneyMonger]Something about the KK-Puma deal
http://www.businessdaily...1/-/fgfmqb/-/index.html[/quote]
This tax will not affect OMC unless they hold Oil Exploration blocks. That is the spirit of the law. I wonder if the so called experts read the budget speech.

Kenol kobil has a trading desk hence it will be a target for acquisition with the east africa oil boom, if puma bails out, another will come and bid for it..it is only a matter of time.