Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Operem in blue. Oil will stay strong for long. https://finance.yahoo.com/news/oil-markets-face-supply-crisis-220000962.html
“Some better-ranked players in the energy space are Tullow Oil PLC TUWOY and Ring Energy, Inc. REI, each currently carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1(Strong Buy) Rank stocks here.
Tullow’s earnings for 2021 are expected to rise 22.2% year over year.”
Land acquisition should be finished by the year end. The mentioned price is around 1.2 bn between Kenyan government and the three partners. https://pumps-africa.com/kenya-pursues-land-for-kenya-crude-oil-pipeline-project/
Once built this pipeline will have enormous strategic value since it would offer an export route for Ugandan oil. It is not by accident that smart cookie Rahul decided to sell Uganda. He realised that trans African pipeline is an impossible project. If he builds this cheap pipeline Total will come bacK to him begging.
I thought this was quoted for much wider and heated pipeline that was meant to transport oil from Uganda as well. 12in is much smaller capacity and could serve Turkana area exclusively. Much much cheaper to build (around 200k$/km. The only complication is that Tullow will have to build a dewaxing facility in order to transport oil, which is doable. This would be potentially the most economical option.
We opened in positive territory and that’s a first sign the finances move was a smart one. Now the next focus is Kenya. The question is can Tullow finance a quick development with initial central processing unit with 60000-80000 bond capacity and a pipeline to la Lamu? How much money will this cost?