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Also, even if the Oman port did take a hit, yes Kistos would probably take a short term dive, but in the medium-term Oman is amazing well placed strategically and Kistos will continue to diversify so won't be quite so sensitive to Oman specifically for long.

Onwards and upwards - a wonderful company that I intend to hold forever

Seems to be following the Naira upwards this week - I wonder if any other news is coming soon...

Nice spot rupans

Hats off to you guys that are buying back in, you’ve played a ruddy blinder! I sold a slice at 560p but couldn’t resist diving back in way too quickly when it looked like it might continue to climb from there.

Rupans - are you still cheering on Trump!?

The Oman deal was announced only 4 days after the Middle East Subsidiary was created. So we might not need to wait very long 🤞🏼

Thanks NQM - I’m sitting on a profit too but relatively new (about 9 months) to investing in this industry and only now realising the strategic importance of the location of Oman assets! Kistos is my second biggest holding now and seems to be an excellent hedge against the potential market turmoil still to come.

Hi all,

I’ve been doing some research to try to understand the situation for Kistos’ Oman assets and wanted to sanity check it with you all please, as I’m new to this game.

What I understand is:

- All of Kistos’ Oman oil gets exported from Mina Al Fahal, which is about 250 miles south east of the Strait of Hormuz.

- the Mina Al Fahal port is still operational, albeit loading tankers at a ~30% slower rate currently due to the crisis

- the Oman oil price is currently approx double its normal rate (~$120 per barrel vs recent avg of $~65), which Kistos will be benefiting from

- Kistos get paid once oil is loaded into tankers, so they will not be impacted by elevated war insurance costs for oil tankers

- Given that the port is well away from the Strait of Hormuz, tankers will continue to export oil from Oman (albeit a bit slowly) unless their infrastructure itself (port, refineries or pipelines) are damaged.

- Oman are likely to accelerate their strategic move towards exporting from their south coast (Duqm) - although it’s likely to take at least months maybe years to achieve these new pipelines.

- Iran and Oman have a good relationship and Oman are neutral in this war, so it is unlikely that Iran will make further direct strikes on Oman. But this is obviously a risk and would be very bad news if it happened.

- All in all, it seems like Kistos will benefit from this crisis given the elevated oil price and strong strategic position of Oman, geographically and politically. And of course meanwhile Balder and UK gas trading will be doing even better.

Any comments? Have I missed anything?

More importantly they hedge the cost of fuel

Also Kistos’ assets are spread geographically across several different sites (at least 9 producing centres according to ChatGPT) - so a direct hit on one asset wouldn’t be great but would only be a partial hit to their revenues

Why would it impact ocean cruises?

Sounds like there's a great opportunity here over the next few years, does anyone have a view on target share price over the next 3 years? I haven't gone into any detail yet but presumably we think this has multi-bagger potential from here once the market catches on?

Wahooo!

Price momentum building again 😎

Looks like someone miskeyed a trade, my T212 account was briefly showing Kistos up 36% a few minutes ago!

Https://www.thebusinessdesk.com/eastmidlands/news/2107052-marston-pub-reopens-after-six-figure-investment

Go Costain, go! What an absolute beauty.

A potential share buyback feels to me like an excellent trading opportunity here - thoughts?

That makes sense I suppose, because Saga don’t run an insurance comparison website, and that’s the business that is being threatened by ChatGPT. It also vindicates their strategic partnership with Ageas who I suspect will already be working to get their products into ChatGPT’s list of recommendations.

Wahooo!