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Oando Trading Selected as Preferred Bidder for Guaracara Refining Company Limited's Refinery Assets amid Share bonus

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WaneInvestmentHouseInvested
Community Contributor
Published
October 02 2024
Updated
March 12 2025
Share
WaneInvestmentHouse's Fair Value
₦80.32
34.4% undervalued intrinsic discount
12 Mar
₦52.70
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1Y
409.7%
7D
-7.1%

Oando Trading, a subsidiary of Oando Plc, has been chosen as the preferred bidder for the lease of the 175,000 barrels per day (bpd) Guaracara Refining Company Limited's (GRC) refinery assets from Trinidad Petroleum Holdings Ltd (TPHL).

Key Highlights:

- Oando Trading selected as preferred bidder for GRC's refinery assets

- Refinery has a capacity of 175,000 bpd and a Nelson Complexity Index of 8.0

- Strategic investment aligns with Oando's vision of expanding into high-potential regions

- Partnership represents a bridge between Africa and the Caribbean, fostering deeper collaboration in the energy sector

- Next steps involve finalizing the lease agreement and operational framework with the government and regulatory authorities.

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Disclaimer

The user WaneInvestmentHouse has a position in NGSE:OANDO. Simply Wall St has no position in any of the companies mentioned. The author of this narrative is not affiliated with, nor authorised by Simply Wall St as a sub-authorised representative. This narrative is general in nature and explores scenarios and estimates created by the author. The narrative does not reflect the opinions of Simply Wall St, and the views expressed are the opinion of the author alone, acting on their own behalf. These scenarios are not indicative of the company's future performance and are exploratory in the ideas they cover. The fair value estimates are estimations only, and does not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that the author's analysis may not factor in the latest price-sensitive company announcements or qualitative material.

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WaneInvestmentHouse'sFair Value
₦80.3
34.4% undervalued intrinsic discount
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