Kenol

This company has grown its operations consistently over the past ten years or so. The main feature of this growth has been acquisition of petroleum assets that various multinationals deem to be non-core in various countries in Central and Eastern Africa. I must say that the network created thus far is quite vast and impressive. I've never understood what the rationale is in buying what others want to sell. Maybe its my aversion of politically connected companies. I suppose these days you can't claim political influence in this company and thus the probability of a backlash from Kenyan authorities continues to recede. Also as the company continues to grow its regional operations its Kenya concentration will diminish. I suppose if I get my mind round to it I'll eventually get an idea how this company maintains such a strong growth momentum. But the big question for me right now is who (and why) is supplying the market with soo many shares? I suppose we should be rejoicing as the stock has always been soo hard to get any improvement in free float would be a boon.