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Indian Oil Corporation
NSE Announcements on IOC
Posted by :
MMB MessengerTracked by: 0 Boarder
Indian Oil Corporation Ltd has informed the Exchange that Register of Members and Share Transfer Books of the Corporation will remain closed from September 11, 2008 to September 19, 2008 (both days inclusive) for the purpose of taking on record eligible shareholders for payment of dividend for the financial year 2007-08, if approved by the members at the Annual General Meeting of the Corporation to be held on September 19, 2008....
BSE Announcements on IOC
Posted by : MMB MessengerTracked by: 0 Boarder
Indian Oil Corporation (IOC) Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 11, 2008 to September 19, 2008 (both days inclusive) for the purpose of payment of dividend & Annual General Meeting (AGM) of the Corporation to be held on September 19, 2008....
IOC calls for AGM and For final Div.
Posted by : Leave it.Tracked by: 0 Boarder
IOC fixes Book Closure for Dividend & AGM
Announcement: Indian Oil Corporation (IOC) Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 11, 2008 to September 19, 2008 (both days inclusive) for the purpose of payment of dividend & Annual General Meeting (AGM) of the Corporation to be held on September 19, 2008.
v.krishnamoorthy
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Tracked by: 0 Boarder
CHT enters into a new contract with Shell Global Solutions. this will help our OMC's to improve their refining margins.
swamy.
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IOC may become bankrupt - Sell it off....
Posted by : GuestTracked by: 0 Boarder
If indian oil goes bankrupt all the stocks will be bankrupt too with government Indian Oil will not go bankrupt because of the fundamentals but due to the social responsibility of the government It would bounce back when people like the big stock brokers are ready to pay for their use of petroleum products Pay for your airconditioned car at international rates...
In reply to:
IOC may become bankrupt - Sell it off....
Posted by : marketman
Dear calculus,good see your detailed message on oil,but few analysts feel the cruce is fairly priced at 150 dollars for the near term.... so, now it is being available at 20% discount.... at the moment,the crude is almost at the long term bottom for the coming years.... the crude may start moving up at any point of time.... so,chances are less to fall to double digit mark....
Regardig ioc,the only problem is controlled prices by govt.... even if crude bounces back beyond 150,govt may not increase the prices due to election year.... so,these types of price restrictions can not give profits to its investors.... by this time all reserve cash might have exhaused.... so,these govt omcs will have to face cash crunch for their day to day operations.... pl note that in many parts of the country,there are shortage of supplies of diesel.... these companies purposefully doing it to reduce the losses for some extent....
Crude economics continue to be burden for the country and thus put lot of pressures on stock market investors in coming days.... 
IOC may become bankrupt - Sell it off....
Posted by : marketmanTracked by: 0 Boarder
Dear calculus,good see your detailed message on oil,but few analysts feel the cruce is fairly priced at 150 dollars for the near term.... so, now it is being available at 20% discount.... at the moment,the crude is almost at the long term bottom for the coming years.... the crude may start moving up at any point of time.... so,chances are less to fall to double digit mark....
Regardig ioc,the only problem is controlled prices by govt.... even if crude bounces back beyond 150,govt may not increase the prices due to election year.... so,these types of price restrictions can not give profits to its investors.... by this time all reserve cash might have exhaused.... so,these govt omcs will have to face cash crunch for their day to day operations.... pl note that in many parts of the country,there are shortage of supplies of diesel.... these companies purposefully doing it to reduce the losses for some extent....
Crude economics continue to be burden for the country and thus put lot of pressures on stock market investors in coming days.......
In reply to:
IOC may become bankrupt - Sell it off....
Posted by : calculus
Marketman, OMC will only start making money if oil cools to $ 90.
This maybe possible in the short to medium term, but in the long term (more than one year), oil is probably headed higher.
A lot will depend on the policies followed by the next US administration.
If you go back a bit, you will notice that oil started going higher the moment Bush became president. The Geopolitical premium can disappear if the US wants it to. Ditto for supply disruptions from Nigeria, all they have to do is twist the arms of Shell & partly Chevron who are making windfall profits from Nigeria due to lopsided concessions signed with corrupt & amenable Nigerian govts years ago. If you look at Shells figures, you will notice that a its margins are more than double in Nigeria.
If the next administration wants it can force OPEC to increase production, mediate a truce in N Iraq for the Kurds.
If they can do it in Libya, they can do so in Iran also.
The entire geopolitical & supply side risk premium is a a creation of the neoconservative policies of the US administration.
I am not saying that oil will fall back to sub 50 levels, but definitely below 100 for fair value.
If that happens then IOC will become the most valuable & the most underowned company in India.
The upside is huge, not just 1000 & it can happen within a year.
IOC may become bankrupt - Sell it off....
Posted by : novice1000Tracked by: 0 Boarder
dear calculus,
You got it right.Supply side constraints as far as crude is concerned are just created probs..
regards...
In reply to:
IOC may become bankrupt - Sell it off....
Posted by : calculus
Marketman, OMC will only start making money if oil cools to $ 90.
This maybe possible in the short to medium term, but in the long term (more than one year), oil is probably headed higher.
A lot will depend on the policies followed by the next US administration.
If you go back a bit, you will notice that oil started going higher the moment Bush became president. The Geopolitical premium can disappear if the US wants it to. Ditto for supply disruptions from Nigeria, all they have to do is twist the arms of Shell & partly Chevron who are making windfall profits from Nigeria due to lopsided concessions signed with corrupt & amenable Nigerian govts years ago. If you look at Shells figures, you will notice that a its margins are more than double in Nigeria.
If the next administration wants it can force OPEC to increase production, mediate a truce in N Iraq for the Kurds.
If they can do it in Libya, they can do so in Iran also.
The entire geopolitical & supply side risk premium is a a creation of the neoconservative policies of the US administration.
I am not saying that oil will fall back to sub 50 levels, but definitely below 100 for fair value.
If that happens then IOC will become the most valuable & the most underowned company in India.
The upside is huge, not just 1000 & it can happen within a year.
IOC may become bankrupt - Sell it off....
Posted by : psgsTracked by: 0 Boarder
marketman bhai,
did you watch the breaking news on cnbc-tv18 channel a while back. i believe the PM-panel is not in favour of the windfall tax for refinery companies. PM-panel is favouring windfall tax only in case of pre-NELP fields. what will be the impact and which companies do you think will get affected because of this newsflow?
swamy.
...
In reply to:
IOC may become bankrupt - Sell it off....
Posted by : marketman
The crude is softened by 20%,but the stocks is not even strengthened by 10%.... that itself shows the disinterest of investors in this counter.... exit is the better logic in this counter....
IOC may become bankrupt - Sell it off....
Posted by : calculusTracked by: 0 Boarder
Marketman, OMC will only start making money if oil cools to $ 90.
This maybe possible in the short to medium term, but in the long term (more than one year), oil is probably headed higher.
A lot will depend on the policies followed by the next US administration.
If you go back a bit, you will notice that oil started going higher the moment Bush became president. The Geopolitical premium can disappear if the US wants it to. Ditto for supply disruptions from Nigeria, all they have to do is twist the arms of Shell & partly Chevron who are making windfall profits from Nigeria due to lopsided concessions signed with corrupt & amenable Nigerian govts years ago. If you look at Shells figures, you will notice that a its margins are more than double in Nigeria.
If the next administration wants it can force OPEC to increase production, mediate a truce in N Iraq for the Kurds.
If they can do it in Libya, they can do so in Iran also.
The entire geopolitical & supply side risk premium is a a creation of the neoconservative policies of the US administration.
I am not saying that oil will fall back to sub 50 levels, but definitely below 100 for fair value.
If that happens then IOC will become the most valuable & the most underowned company in India.
The upside is huge, not just 1000 & it can happen within a year....
In reply to:
IOC may become bankrupt - Sell it off....
Posted by : marketman
The crude is softened by 20%,but the stocks is not even strengthened by 10%.... that itself shows the disinterest of investors in this counter.... exit is the better logic in this counter....
IOC may become bankrupt - Sell it off....
Posted by : marketmanTracked by: 0 Boarder
The crude is softened by 20%,but the stocks is not even strengthened by 10%.... that itself shows the disinterest of investors in this counter.... exit is the better logic in this counter.......
In reply to:
IOC may become bankrupt - Sell it off....
Posted by : psgs
so, where do you see IOC's stock price going? will it touch 800 again which is its 52 week high any time in the near future? no doubt there is value in the stock, but because of govt. policies, nobody will be ready to invest in this company :(
swamy.
IOC may become bankrupt - Sell it off....
Posted by : psgsTracked by: 0 Boarder
so, where do you see IOC's stock price going? will it touch 800 again which is its 52 week high any time in the near future? no doubt there is value in the stock, but because of govt. policies, nobody will be ready to invest in this company :(
swamy.
...
In reply to:
IOC may become bankrupt - Sell it off....
Posted by : marketman
IOC may become bankrupt soon.... already suffering from huge losses.... there is a news in media that the company doesnt have money to buy the crude at the moment.... bsnks and financial institutions may stop further lending....
So,this scrip can not give any benefits to investors during this boiling crude period....
Shut refinary for maintenance
Posted by :
gvTracked by: 0 Boarder
Hi,
Tuesday August 5, 04:40 PM IOC to shut 76,000-bpd crude unit in Aug - source
NEW DELHI (Reuters) - State-run Indian Oil Corp will shut a 76,000 barrels per day crude unit and some secondary units at its biggest refinery from the last week of August for up to 25 days for routine maintenance, a company source said.
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IOC may become bankrupt - Sell it off....
Posted by : psgsTracked by: 0 Boarder
hi devinder478,
please read my previous message.
i am sure u are asking this question after reading my previous post.
but still, my answer or anybody else answer would be YES. at 410 its a huge bargain buy stock. but u know, they will underperform the broader markets. u may have to wait for very long term to make money in this counter. but otherwise, its not a compelling buy. only for its undervaluation one will be tempted to buy, but again it will not move up in a big way like the broader market.
swamy.
...
In reply to:
IOC may become bankrupt - Sell it off....
Posted by :
devinder478
should i invest in IOC at 410+ level..pls suggest.
IOC may become bankrupt - Sell it off....
Posted by : devinder478Tracked by: 0 Boarder
should i invest in IOC at 410+ level..pls suggest....
In reply to:
IOC may become bankrupt - Sell it off....
Posted by : psgs
hi guest,
kaliji is nodoubt having good knowledge. but he may be wrong when it comes to IOC. nodoubt IOC is a good company. but not for investment. the policies of the govt. will never change and thats why these stocks are not going anywhere. i prefer ongc to that of ioc when it comes to investment for long term. ioc is a gem. strong balance sheet and good track record. but at what cost. howmuch subsidy can ioc take on its side? they will one day become very week if govt. of india continues to use these PSU's for debiting the subsidies. i feel kaliji is wrong with his target of 1,000 for ioc. may be ioc will go upto 600 or 650 levels but not 1,000.
swamy.
IOC may become bankrupt - Sell it off....
Posted by : psgsTracked by: 0 Boarder
hi guest,
kaliji is nodoubt having good knowledge. but he may be wrong when it comes to IOC. nodoubt IOC is a good company. but not for investment. the policies of the govt. will never change and thats why these stocks are not going anywhere. i prefer ongc to that of ioc when it comes to investment for long term. ioc is a gem. strong balance sheet and good track record. but at what cost. howmuch subsidy can ioc take on its side? they will one day become very week if govt. of india continues to use these PSU's for debiting the subsidies. i feel kaliji is wrong with his target of 1,000 for ioc. may be ioc will go upto 600 or 650 levels but not 1,000.
swamy.
...
In reply to:
IOC may become bankrupt - Sell it off....
Posted by : Guest
Check Mr.Kalidas\\`s posts, he is very much confident on this stock and expects it to zoom beyond 1000.
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