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KENOL/KOBIL
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The optimist
#361 Posted : Monday, July 19, 2010 11:01:44 AM
Rank: Member

Joined: 6/14/2010
Posts: 521
Location: Nairobi
KK is coming down..thanks to -ve coverage
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jhonie
#362 Posted : Monday, July 19, 2010 12:03:09 PM
Rank: Member

Joined: 1/23/2007
Posts: 101

Demand 418,300 v/s supply 770,400 Lets wait it at KES 9/- and board who else can compete with it apart from Total? i am sure it wont be down for long.
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cnn
#363 Posted : Monday, July 19, 2010 12:17:37 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
The demand /supply is ratio is worse in some other counters,i reckon KK will not give up more than 5%.If i were Segman i would pay the 400M and face the future.
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2012
#364 Posted : Monday, July 19, 2010 12:50:57 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
cnn wrote:
The demand /supply is ratio is worse in some other counters,i reckon KK will not give up more than 5%.If i were Segman i would pay the 400M and face the future.


If I'm Segman I'd do what earns me the most respect as a CEO. He should negotiate for something else in exchange.

BBI will solve it :)
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winston
#365 Posted : Monday, July 19, 2010 12:56:18 PM
Rank: Member

Joined: 4/14/2010
Posts: 806
Location: Nairobi
Just a question: KK is claiming yield shift losses, fuel losses and business losses amounting to Kshs 4.98bn. Why arent other oil companies claiming the same and yet all import and process crude at KPRL? Does KPRL process KK crude differently from the way it processes for other oil companies?
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Gordon Gekko
#366 Posted : Monday, July 19, 2010 2:31:55 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
Nani anakwenda hii press conference?
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VituVingiSana
#367 Posted : Monday, July 19, 2010 6:06:36 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,363
Location: Nairobi
People GET SERIOUS...!!!!

@Winston, @cnn et al...

KK is fighting the corrupt folks at MoE & KPC who brought you Triton!

In any struggle, you have the sheep [See Kenya's political battle akina MOST politicians who were lining up to kiss moi's arse] & a very few who fought the system...

KPRL is very inefficient...
KPC has reneged on ullage utilization [it favors briefcase importers]...
MoE favors NOCK...
Kenya is a 3rd World country where justice is slower than a snail...

BUT... you have to fight these to see a better future...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mv_ufanisi
#368 Posted : Monday, July 19, 2010 7:23:22 PM
Rank: Member

Joined: 1/15/2010
Posts: 625
Kenol Kobil also has had to pay demurrage for delays in berthing tankers - http://www.nation.co.ke/...06/959190/-/4v0cdoz/-/.

It's a tough period for KK. Management should now position themselves to take advantage of Uganda's Oil or to buy oil prospecting rights in Uganda or Mozambique. Otherwise we are stuck with an inefficient KPRL and corrupt officials.
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cnn
#369 Posted : Monday, July 19, 2010 8:14:09 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
@vvs,but at what cost to the business and to you as a shareholder?.If the other big players resisted the same way KK are doing,i would have no problem.As it is now they would rather sit back and take up whatever business goes their way in case of a KK fallout with KPRL or MoE.With such inefficiencies its no wonder Shell are on their way out.
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VituVingiSana
#370 Posted : Monday, July 19, 2010 11:34:20 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,363
Location: Nairobi
@mv @cnn - You do realize that bowing to the corrupt officials at MoE is what got Engen & Total into trouble coz they had to buy from Triton.
Triton 'sold' Engen & Total fuel that was not there. Now they are out the money...

KK had REFUSED to buy from Triton. In fact, KK blew the whistle on Triton. Since then they have made enemies at MoE. The PS & minister remain. Some heads at KPC rolled but NO-ONE has been convicted!

In the short-term, I agree but now the 'misdeeds' are going public. KK should now expand its Tanzania business & facilities to move fuel through Tanga & Dar.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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