The managers and investors of Capital oil are very smart. As far back as late mid 2007, this company was one of those at the receiving end of the regulators axe. It is a surprise that new things have started happening as the management team has re-focused and re-strategized to play profitably in the oil and gas sector even while the recession last.
The hitherto second tier visible company has completed arrangement to be listed on the stock exchange at the first tier market. This will give it more opportunity to access funds and attract more investors. As things are, the NSE has invited Nigerian investors to grab about 13% equity of this company as a pre-condition for listing. The shares will be auctioned on tuesday, 12th May, 2009.
If you remember the fortunes that investors in eternal oil has made, you will reconcider your stand to 'siddon look' at this time of low confidence in the market because of the smart moves of companies like Capital oil who want to use the low confidence in the market to make some selected investors rich. I just hope you'll be one of them.
Always remember that investment is a risk meant only for the rich. You are fully responsible for your investment decisions. If you are interested in this stock at N3.50K, quickly talk to your broker to list you on the purchase order queu.
Friday, May 8, 2009
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