What profit can Kenyan Oil marketers make with the current fall in crude oil prices? Had KK hedged on anything this time round or is it laughing all the way to the bank after realising hedging was fraud?
Birds of the same feather fly together and I am waiting to see KK inline with Total.

I believe they stopped since their hedging partner also stopped that biashara, it cuts both sides you know(Zero Sum). Otherwise this year all, fuel companies are going to make super profits. Okay this how it works: Assuming today is Dec 14th when ERC sets the price. The price has variables (i.e Forex, CIF and premium) based on the months of October and November. However the products available and sold within the month of December will constitute November and December costs. There is the catch, when prices are falling (actually about Ksh5/Ltr per month in this case),the marketers have an expensive component (October Variables) in their prices which is not in the actual costs for cargo delivered in December. The assumption here is that the forces of demand and supply are consistent.
And that's why I will bet more of my eggs with KK until the tied changes.

That tide can change very fast. So KK has to be careful if the oil prices start rising. They do not want to be caught with pricey stocks. I believe KK plays just in time vs storing large amounts as it did previously.

I think core business if kk and atlas are different, in what basis are you relating them?

Who pivoted our Bird? It has been moving as a pendulum hinged at a point for so long.
But this keep us moving protecting our Bird-
"KenolKobil is the stock of choice for many investors on the NSE mainly because of the Company’s strong Management policies and leadership which has seen the Company grow from a little known enterprise to a multinational oil marketing company."