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KenolKobil FY 2016
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mlennyma
#11 Posted : Tuesday, January 05, 2016 9:54:31 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Kks share behaviour tells me small positive news will trigger a serious rally the first time in many years to around 12bob before cooling abit
"Don't let the fear of losing be greater than the excitement of winning."
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dunkang
#12 Posted : Tuesday, January 05, 2016 12:34:04 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
VituVingiSana wrote:
whiteowl wrote:
And there is that story of Iran pumping oil at $1. If it's remotely true, oil will stay sub $40 for a long time.
I doubt that is true coz it costs Iran more than $1/bbl to produce the oil. Iran might be supplying a few favored customers with $1 oil as a quid pro quo rather than a market transaction.

Most of wells in the iranian central region are reportedly producing at between US$1 - US$1.5.

Quote:
Directing Manager of Iran's Central Oil Fields Company (ICOFC) Salbali Karimi said Iran enjoys one of the lowest levels of oil production costs in the world adding “the least expensive crude oil in terms of low cost of production is currently being produced in the central areas of the country.
Receive with simplicity everything that happens to you.” ― Rashi

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VituVingiSana
#13 Posted : Tuesday, January 05, 2016 3:40:43 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,350
Location: Nairobi
dunkang wrote:
VituVingiSana wrote:
whiteowl wrote:
And there is that story of Iran pumping oil at $1. If it's remotely true, oil will stay sub $40 for a long time.
I doubt that is true coz it costs Iran more than $1/bbl to produce the oil. Iran might be supplying a few favored customers with $1 oil as a quid pro quo rather than a market transaction.

Most of wells in the iranian central region are reportedly producing at between US$1 - US$1.5.

Quote:
Directing Manager of Iran's Central Oil Fields Company (ICOFC) Salbali Karimi said Iran enjoys one of the lowest levels of oil production costs in the world adding “the least expensive crude oil in terms of low cost of production is currently being produced in the central areas of the country.

LOL, if they want to sell at or below production cost... I think I know who should buy out KQ! All this is just sabre-rattling because Iran is less dependent on oil than Saudi Arabia. The reality is that no-one can afford to sell their oil at $1/bbl BUT I would be a very happy driver if they did. Plus lower oil prices help moderate inflation in Kenya and will pad KK's pockets!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Aguytrying
#14 Posted : Tuesday, January 05, 2016 4:26:16 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
mlennyma wrote:
Kks share behaviour tells me small positive news will trigger a serious rally the first time in many years to around 12bob before cooling abit


We normally spot these movements at the same time, I'll watch to see what you've seen
The investor's chief problem - and even his worst enemy - is likely to be himself
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whiteowl
#15 Posted : Tuesday, January 05, 2016 9:35:00 PM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
VituVingiSana wrote:
dunkang wrote:
VituVingiSana wrote:
whiteowl wrote:
And there is that story of Iran pumping oil at $1. If it's remotely true, oil will stay sub $40 for a long time.
I doubt that is true coz it costs Iran more than $1/bbl to produce the oil. Iran might be supplying a few favored customers with $1 oil as a quid pro quo rather than a market transaction.

Most of wells in the iranian central region are reportedly producing at between US$1 - US$1.5.

Quote:
Directing Manager of Iran's Central Oil Fields Company (ICOFC) Salbali Karimi said Iran enjoys one of the lowest levels of oil production costs in the world adding “the least expensive crude oil in terms of low cost of production is currently being produced in the central areas of the country.

LOL, if they want to sell at or below production cost... I think I know who should buy out KQ! All this is just sabre-rattling because Iran is less dependent on oil than Saudi Arabia. The reality is that no-one can afford to sell their oil at $1/bbl BUT I would be a very happy driver if they did. Plus lower oil prices help moderate inflation in Kenya and will pad KK's pockets!


They aren't planning to sell below production cost.If it's $1 as they claim then selling it at $10 would be very profitable. At $20 they'll be making 2000% profit. If it plays out that way,Saudis better be ready for another round of painful budget cuts.
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VituVingiSana
#16 Posted : Tuesday, January 05, 2016 10:19:54 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,350
Location: Nairobi
whiteowl wrote:
VituVingiSana wrote:
dunkang wrote:
VituVingiSana wrote:
whiteowl wrote:
And there is that story of Iran pumping oil at $1. If it's remotely true, oil will stay sub $40 for a long time.
I doubt that is true coz it costs Iran more than $1/bbl to produce the oil. Iran might be supplying a few favored customers with $1 oil as a quid pro quo rather than a market transaction.

Most of wells in the iranian central region are reportedly producing at between US$1 - US$1.5.

Quote:
Directing Manager of Iran's Central Oil Fields Company (ICOFC) Salbali Karimi said Iran enjoys one of the lowest levels of oil production costs in the world adding “the least expensive crude oil in terms of low cost of production is currently being produced in the central areas of the country.

LOL, if they want to sell at or below production cost... I think I know who should buy out KQ! All this is just sabre-rattling because Iran is less dependent on oil than Saudi Arabia. The reality is that no-one can afford to sell their oil at $1/bbl BUT I would be a very happy driver if they did. Plus lower oil prices help moderate inflation in Kenya and will pad KK's pockets!


They aren't planning to sell below production cost.If it's $1 as they claim then selling it at $10 would be very profitable. At $20 they'll be making 2000% profit. If it plays out that way,Saudis better be ready for another round of painful budget cuts.

I want them to get into a 'production/price war' Applause Applause Applause
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Realtreaty
#17 Posted : Wednesday, January 06, 2016 1:09:48 AM
Rank: Elder

Joined: 8/16/2011
Posts: 2,387
killing me softly with this thing!!!!!!!!!!!!!!!!!!!!d'oh!
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mibbz
#18 Posted : Wednesday, January 06, 2016 11:28:32 AM
Rank: Member

Joined: 2/18/2011
Posts: 448
VituVingiSana wrote:
whiteowl wrote:
VituVingiSana wrote:
dunkang wrote:
VituVingiSana wrote:
whiteowl wrote:
And there is that story of Iran pumping oil at $1. If it's remotely true, oil will stay sub $40 for a long time.
I doubt that is true coz it costs Iran more than $1/bbl to produce the oil. Iran might be supplying a few favored customers with $1 oil as a quid pro quo rather than a market transaction.

Most of wells in the iranian central region are reportedly producing at between US$1 - US$1.5.

Quote:
Directing Manager of Iran's Central Oil Fields Company (ICOFC) Salbali Karimi said Iran enjoys one of the lowest levels of oil production costs in the world adding “the least expensive crude oil in terms of low cost of production is currently being produced in the central areas of the country.

LOL, if they want to sell at or below production cost... I think I know who should buy out KQ! All this is just sabre-rattling because Iran is less dependent on oil than Saudi Arabia. The reality is that no-one can afford to sell their oil at $1/bbl BUT I would be a very happy driver if they did. Plus lower oil prices help moderate inflation in Kenya and will pad KK's pockets!


They aren't planning to sell below production cost.If it's $1 as they claim then selling it at $10 would be very profitable. At $20 they'll be making 2000% profit. If it plays out that way,Saudis better be ready for another round of painful budget cuts.

I want them to get into a 'production/price war' Applause Applause Applause



If they start price wars Iran shall win. I once read Saudi production costs are around $2/Barrel. With Iran lower than this,they shall definitely fight it out. Plus USA is soon starting oil exports.

All in all the price might hold for the next 4 years ans that is good news for KK investors.

Apologies for the lack of referencing of my sources.mostly international news outlets (CNN/Aljaazeera/economist)
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VituVingiSana
#19 Posted : Wednesday, January 06, 2016 5:28:36 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,350
Location: Nairobi
Let them fight a 'production/price' war, not a real war with weapons, which benefits us as Kenyans. And KK.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Magnate
#20 Posted : Wednesday, January 06, 2016 5:33:20 PM
Rank: Member

Joined: 11/1/2013
Posts: 257
Closing at 9.15 today,those who listened and bought at 8.0 a few weeks ago are 10%+ up.
No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
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  | | Edit by user: Wednesday, January 06, 2016 5:35 PM | Reason: Not specified
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