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When I show you a blank paper (Kora Kagaz), how can you tell whether it is good or bad?
Show me something written in that paper, then I shall tell you good or bad....
Weak demand shutting down refineries
By Randall Chase
Associated Press
Posted: 11/20/2009 10:58:46 AM PST
Updated: 11/20/2009 04:18:13 PM PST
WILMINGTON, Del. — Refineries from New Mexico to New Jersey are under severe economic pressure because of falling demand for fuel, with a number of facilities shutting down in recent months.
Valero Energy Corp., which shuttered a major refinery over the summer, said Friday it would permanently close its Delaware City oil refinery and lay off 550 workers.
It is the largest refinery in the United States to close this year.
Refineries in the Northeast are particularly vulnerable because many are older, operate less efficiently and must compete with gasoline imported from Europe.
The Delaware City refinery, where workers were notified of the closing Friday, lost about million every day this year, said Valero spokesman Bill Day.
Demand for fuel has been falling for some time and the recession has made things worse, squeezing profit margins for refiners everywhere.
Refiners are pulling capacity offline and are now operating at levels more consistent with the aftermath of a hurricane in the Gulf of Mexico.
El Paso, Texas-based Western Refining Inc. announced earlier this month that it would close its Bloomfield, N.M., facility, putting 100 people out of work.
Valero, based in San Antonio, said in September that it would idle two units in Delaware City, cutting about 150 jobs. Last month, the company said it would cut another 100 jobs at its Paulsboro, N.J. refinery by the end of the year.
The Paulsboro
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announcement came just days after Sunoco Inc. said it would indefinitely idle its Eagle Point facility, which employs about 400 workers in New Jersey.
In June Valero shut its refinery in Aruba, which had a capacity of about 275,000 barrels a day.
The Delaware City refinery had a capacity of 210,00 barrels a day.
Valero chairman and CEO Bill Klesse said the company had sought a buyer for the Delaware facility, but found no takers.
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record value single block deal - first time in cals history.
Posted by :
sabret00thewhat are you suggesting? Can you explain your concern a bit? I`m asking this bcoz Block Deals are very common with Cals....
record value single block deal - first time in cals history.
Posted by : Dipak canada
I am watching cals since last two year and today i noticed one unusual block deal first time in cals history.
About Rs. 71 lacs for 12964643 shares in single trade. ….
I know this is operators stick but this thing scar me a lot
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You are really a GU spGU...
luckyshares is absolutely right. if you see RAM`s msg, you will notice that he had advised not to make any fresh enter until hear some thing about FC. So don`t blame any boarder. It you decision to enter in this script so learn to take responsibility rather expect spoon feed every time.
"I do not follow Ram" but definitely listen him carefully always.
good luck
...
Hi All,
Peoples can still enter in to following scripts.
1/ Maytas - SL 160. Target 240
2/ KAruturi - Target 25
3/ Nu tek - Target 150, SL 70
4/ Prrenetna- 50Rs.
5/ Dfm foods - 75++
like this there are many scripts... Watch learn..
"If you know How to trade u willbe richer, elese u willbe begger" Before invest ur hard money, always watch and fix SL.. check EPS,PE,Share Holding, Price movement and Enter..
Dont Do panic sell if your confident with any script. Patience is the key to achieve your target.
Let us C.. How long this game going to happen In cals.. ...
Dont say rambhole is one of the operator.. I am one of the follower.. I learned Lot from Rambhole sir only.. If ur not interested then sell it off..
Guys,
I tink if you closely watch rambhole sir comments.. Already he mentioned like cals may test next support level of 52 paise and already he mentioned now its very hight risk counter.. People who want to enter can wait Till FC announced..
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I don`t know about Ram, but have definitely doubt your intentions....
Nothing is good or bad? Only greedyness will follow the person. All of us aware that this is pure trading stock which moves in between 0.55 to 0.88Rs. So everyone wants to buy this at 0.55 & sell at 0.85Rs. If it is near to FC then the operators & owners get down the stock till 0.30 Rs. because heavy sell off (Fears in mind)& again buy it for making large profit. (if it is going upwards then as per the rule some one wants to dampen the shares. If FC is not near then the first range is 0.55 to 0.69Rs. & if it falls below 0.55 then range is 0.42 to 0.55Rs. So operators play there game. Mr. Ram Bhole is also one of the operator & he leaves this counter by selling stock at higher price at 0.86 Rs. as he know nothing can happened. So sell the stock. Sell... Sell... Sell.......
Fundamental Question about the company
Posted by :
stockmirchiPlease visit Spice Energy website for more details. Cals Refineries Ltd is a Spice Group Company... visit spicenergy . com . You will get answers to all your questions. ...
my dear sahayak, the progress of setting the refinary is not upto the mark. but it is in progress. i think the project will be delayed but it will complete. it is my view. i am holding a lot of stocks. looking patiently the progress....
Godd News Reg Cals Financial Closure..
Posted by : stockmirchi
It was a live Interview of L & T CFO. who made this statement. this was addressed to across industry in general as every ones FC is stuck/Delayed due to Economic situation. Pls note that cals is not the client of L&T.
The statement actaully gives an clear indication of the current situation Acrross Industries......
Fundamental Question about the company
Posted by : stockmirchi
Hi Nishy,
The company has raised funds through equity as it is a set up project. This usually takes 5 to 6 years to complete the project of this magnitude, Cals has been sanctioned more than 1000 Acres of Land in Haldia by WB Govt. All environment clearences received. Now the Fencing and leveling work almost completing. . The State Govt has also signed an MOU with CALS Refinery Ltd. for setting up a crude oil refinery complex in the PCPIR with a capacity to process 5 MMTPA of blend crude in Phase I of the project and will consist of process units, utilities and offsites. These facilities will be installed by transplanting a Bayer Oil refinery at Ingolstatd, Germany and Petro Canada Refinery at Canada to Haldia.
The Fendamentals are excellent. but do remember that this investment should be for long term eg: more than 3 years.
Usually the start up project takes 5 to 6 years to actually start the production But... Cals would take only 18 Months to max 20 months to start up production as it is re-Installing the refinery in Haldia-India (BayerOil refinery and Petro Canada Refinery after dismentaling it in the respective contries) Please read my previous comments to under the details which will surely clear ur doubts.
for complete information try to read atleast next 10 to 15 pages on this Board....
Fundamental Question about the company
Posted by :
j2eeprofessionaits not required...or else Reliance power, indiabulls power etc could not have come with their IPOs...
