OAO sitting at R0.25 is pretty cheap for an energy play with upstream and downstream assets across West Afr…by @mogale_morning on $OAO

OAO sitting at R0.25 is pretty cheap for an energy play with upstream and downstream assets across West Africa. The rand weakness helps the Nigeria side but refining margins have been under pressure, worth watching the next quarterly numbers to see if production volumes are holding up. Long-term if they can stabilize cash flow and sort the downstream bit they could be interesting value here.