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Cairn India
Sell Sell...Cairn Down target 140Rs...
Posted by :
GuestTracked by: 0 Boarder
Dear All
The oil prices are ready to go 60-70 kind of level and this share is always moves with oil prices..in my view this is gonna touch 140 within this month..
So go for short and earn easily.
Happy Trading !!...
CAIRN INDIA OUTPERFORM STOCK...BUY AT EVERY DIP
Posted by :
HarikrishnanTracked by: 0 Boarder
Harikrishnan has reaffirmed its ‘outperform’ rating on the stock, but has cut the target price by 1.4% to Rs 276 due to the change in 2008 West Texas Intermediate (WTI) forecast.
“We have revised down the WTI crude oil price forecast by 6.3% for 2008. Our new forecast has the 2008 figure adjusted down to reflect the recent weakness in prices and the risk that slowing demand growth keeps prices in a range of $100-110/bbl (blue barrel),” said Macquarie in a note to its clients.
The firm has cut CY08E profit-after tax for the company by 7% and increased CY09E PAT by 1.8% after factoring in new crude oil price assumptions and INR/USD exchange rates. According to Macquarie, Cairn plans to use enhanced oil-recovery (EOR) techniques at its Rajasthan fields.
“If successful, EOR may increase the recovery factor by 10-20%, or P2 reserves, by 309m barrels of oil equivalent(BOE) compared with 794m BOE currently, thus extending the production plateau,” the Macquarie note said.
“Cairn plans to drill 15 exploratory wells in CY08, most of them in the second half. We have assigned a premium of Rs 50 per share (around 18% of equity value) to Cairn’s strong track record in striking oil,” the note added. ...
BUY CAIRN BELOW 160 LEVEL..
Posted by : HarikrishnanTracked by: 0 Boarder
Hai friends..
Buy cairn india below 160 level.. invest in a systmative method(SIP) buy at every dip....
cairn india 2010 mid target 750+...(reduce target 1000 to 750)
Happy indvesting... HARIKRISHNAN.K...
cairnindia
Posted by :
retrobrokerTracked by: 0 Boarder
1000rs it wont touch even in 2010.... infact i dnt see it cross 260 - 285, in 2009... having said that still a good pick at 150 - 170 levels......
In reply to:
cairnindia
Posted by : readarticle
I meant if oil drops to 60/bbl, when Rajasthan production starts then their profit will be affected. So Cairn might take a hit.
Ppl were talking of 1000 rs a share for this company. Now what will happen. 
cairnindia
Posted by : readarticleTracked by: 0 Boarder
I meant if oil drops to 60/bbl, when Rajasthan production starts then their profit will be affected. So Cairn might take a hit.
Ppl were talking of 1000 rs a share for this company. Now what will happen....
In reply to:
cairnindia
Posted by : retrobroker
extremely unlikely.. carin is headed bak to 150 wait and watch..the bloodbath return to markets next week...
cairnindia
Posted by : retrobrokerTracked by: 0 Boarder
extremely unlikely.. carin is headed bak to 150 wait and watch..the bloodbath return to markets next week......
In reply to:
cairnindia
Posted by :
cool guy 2001
Hai Readarticle...
if oil price drop 60$.cairn india 235-260 range.
cairnindia
Posted by : cool guy 2001Tracked by: 0 Boarder
Hai Readarticle...
if oil price drop 60$.cairn india 235-260 range....
In reply to:
cairnindia
Posted by : readarticle
does anyone know specially Harikrishnan, what could be the price if OIL drops to $60/bbl?
cairnindia
Posted by : readarticleTracked by: 0 Boarder
does anyone know specially Harikrishnan, what could be the price if OIL drops to $60/bbl?...
In reply to:
cairnindia
Posted by : gomathiravi
Type Your Stock Query What is the outlook of cairn?Hold it or sell?I bought it on IPO.
cairnindia
Posted by : gomathiraviTracked by: 0 Boarder
Type Your Stock Query What is the outlook of cairn?Hold it or sell?I bought it on IPO....
It will touch 140 soon
Posted by : imsavantTracked by: 0 Boarder
Lets hope that we get to buy max at lowest price..
1 Q : When is Cairn going to put up some sales figures in their balance sheet ? ( Sale of Asset not considered )
2 Q : Does K-G Basin really hold that much of Gas as surveyed or estimated ?( Refer whats going on betn RNRL and RIL regarding the same reservoir )
3 Q : Will US keep bailing out all their Sick Banks ?? Likewise are there any counter part la Lehman Bros in India.. ?
so let us
hope & pray for the best.
and get the best in return.
happy investing....
In reply to:
It will touch 140 soon
Posted by : fekamfaak
My intuitions and predictions comes true.
Dont buy now in full amount. 20% is Ok. but then too I would wait for some more time as I feel market will see more downtrend. There may be some short rally , but then too I feel this is not the right time to buy. Use the short rally for selling.
Happy Investing
Cheers.
It will touch 140 soon
Posted by : fekamfaakTracked by: 0 Boarder
My intuitions and predictions comes true.
Dont buy now in full amount. 20% is Ok. but then too I would wait for some more time as I feel market will see more downtrend. There may be some short rally , but then too I feel this is not the right time to buy. Use the short rally for selling.
Happy Investing
Cheers....
In reply to:
It will touch 140 soon
Posted by : viperexpress
dear fekandfaak, I hope your prediction is indeed true, because then I will buy in tons.
mutual fund buys 17lk shares
Posted by : retrobrokerTracked by: 0 Boarder
yes this is one of the safest bets in the market at the moment , given that Crude is below 85 now.. and downside might be capped at 80..150 level is a veryyy good level to enter this stock... ...
In reply to:
mutual fund buys 17lk shares
Posted by : mahna
cairn india is picked by three mutual fund houses reliance equity, sbi and sundaram opportunity huge quantities are piked at 165 level from open market
mutual fund buys 17lk shares
Posted by : mahnaTracked by: 0 Boarder
cairn india is picked by three mutual fund houses reliance equity, sbi and sundaram opportunity huge quantities are piked at 165 level from open market...
It will touch 140 soon
Posted by : GuestTracked by: 0 Boarder
cairn uk up 20%. Expect Cairn india to open strong at 195 tommorow....
In reply to:
It will touch 140 soon
Posted by : nb@2008
Dear fekamfaak
Since when did market start behaving based on your predictions and intuitions? Even the best of the stocks are faring below expectations and Cairn is no exception in this bearish phase. Give it due time and it will return to normal but in the meanwhile stop spreading rumours.
It will touch 140 soon
Posted by : nb@2008Tracked by: 0 Boarder
Dear fekamfaak
Since when did market start behaving based on your predictions and intuitions? Even the best of the stocks are faring below expectations and Cairn is no exception in this bearish phase. Give it due time and it will return to normal but in the meanwhile stop spreading rumours....
In reply to:
It will touch 140 soon
Posted by : fekamfaak
Dear, you may be right in your analysis but me too dont go wrong on my predictions and intuitions for the market. Let see.
Happy investing
Cheers.
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