Bull or Bear... I am very happy with my KK... I would be even happier if the price fell coz I wanna pick up more!
As most Wazuans know I support KK as a firm [I think the management is very good] & the current valuations [vs potential profits] is very reasonable even in this environment.
With the ERC setting prices, it seems KK is even better off than many other OMCs.
- OilLibya will face financial problems seeing what is happening in Libya. I doubt the management care anymore.
- Shell is being sold to Vitol/Helios which means changes on the way.
- Total is doing OK now that they have somewhat digested the Chevron acquisition.
- NOCK is a mess. I just hope that they take a huge hit on the recent diesel scam. I would like to see the corrupt MoE folks go.
The best part is the REGIONAL expansion.. That is where growth & profits lie...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett