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  #121 (permalink)  
Old 19th October 2016, 07:55 PM
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Default Re: Mobil Oil

Quote:
Originally Posted by kingfisher View Post
Why is ExxonMobil divesting from Mobil Nigeria? Implications for minority investors?
Downstream will get TOUGHER once Dangote come on stream. TOTAL is the ONLY IOC left in the Nigerian downstream industry.Shell was the FIRST to pull out. Followed by AGIP and CHEVRON/TEXACO. Let's see how long that Total will hold on to.

Good thing is that TOTAL is looking at solar so that may give them an edge.
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  #122 (permalink)  
Old 20th October 2016, 08:40 AM
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Default Re: Mobil Oil

Quote:
Originally Posted by wanaj0 View Post
Downstream will get TOUGHER once Dangote come on stream. TOTAL is the ONLY IOC left in the Nigerian downstream industry.Shell was the FIRST to pull out. Followed by AGIP and CHEVRON/TEXACO. Let's see how long that Total will hold on to.

Good thing is that TOTAL is looking at solar so that may give them an edge.
What has Dangote got to do with the Downstream?. Is he not just to refine crude oil and sell wholesale to the marketers?. Is he going to venture into the retail segment?.
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  #123 (permalink)  
Old 20th October 2016, 08:55 AM
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Default Re: Mobil Oil

Quote:
Originally Posted by migiets View Post
What has Dangote got to do with the Downstream?. Is he not just to refine crude oil and sell wholesale to the marketers?. Is he going to venture into the retail segment?.
My gues is that the margins will get tighter, if there's one central source for a product then the only gains that can be eked out will be mainly due to logistics.
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  #124 (permalink)  
Old 20th October 2016, 09:09 AM
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Default Re: Mobil Oil

Quote:
Originally Posted by migiets View Post
What has Dangote got to do with the Downstream?. Is he not just to refine crude oil and sell wholesale to the marketers?. Is he going to venture into the retail segment?.

Quote:
Originally Posted by netotse View Post
My gues is that the margins will get tighter, if there's one central source for a product then the only gains that can be eked out will be mainly due to logistics.
Good point. Also the need for access to capital for letters of credit may no longer apply. Expect more independents joining the trade.
As an aside I expect more foam and plastic manufacturers to be setup too. polyol, TDI, polystyrene, base oil for engine oil, fertilizer etc etc will be available locally at hopefully naira prices. Wow.

Compare the then US$6 Billion FGN investment in (1999 ?) in the Bonny LNG which had very minimal impact on Nigeria's GDP because everything was imported and the output was exported.
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  #125 (permalink)  
Old 20th October 2016, 02:15 PM
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Default Re: Mobil Oil

Quote:
Originally Posted by wanaj0 View Post
Downstream will get TOUGHER once Dangote come on stream. TOTAL is the ONLY IOC left in the Nigerian downstream industry.Shell was the FIRST to pull out. Followed by AGIP and CHEVRON/TEXACO. Let's see how long that Total will hold on to.

Good thing is that TOTAL is looking at solar so that may give them an edge.
How can solar give them an edge in Nigeria?
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  #126 (permalink)  
Old 30th November 2016, 10:06 AM
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Default Re: Mobil Oil

Quote:
Originally Posted by Iroquoi View Post
From RenCap:


Why should minority shareholders bother. Another exchange of shares (60 % of outstanding shares) and NO MOVEMENT on the share price on the NSE. This is ILLEGAL and Plain Wrong.

NSE moves share prices on the exchange of 50,000 shares but won't move for Hundreds of Millions of shares. Ask ExxonMobil or NIPCO if such a transaction can be processed on ANY stock exchange in the USA or in India. The NSE valuation SHOULD and MUST reflect the price between willing buyers and willing sellers of a stock at a particular time. No side deals. Period.

Again tell your friends at the NSE, SEC and the FRC that this simply not right See my postings under Law Union & Rock for similar transactions involving Law union and then another involving an under the table buyout of Great Nigeria Insurance shares from Wema banl PLC.

Sad.

I stand corrected. Applause to MOBIL.

NIPCO files to proceed with Mobil acquisition valued at $301mn | BusinessDay : News you can trust


Quote:
Mobil Nigeria closed trading in Lagos at N241.89 per share and had a market capitalisation of N87.2 billion.
This price is a significant premium on market valuation for Mobil because it translates to a pricing of about N424 per share at the interbank dollar rate of N305/$1, said Dolapo Oni, head of energy research analyst with Ecobank Plc, in an emailed note to Business Day.
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  #127 (permalink)  
Old 1st December 2016, 11:14 AM
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Default Re: Mobil Oil

http://www.nse.com.ng/Financial_News...EMBER_2016.pdf


i hope these Nipco guys didnt over pay for this sha!

$301M for 216M shares

that is about N438 at Official market
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