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Chennai Petroleum Corporation
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BSE Announcements on Chennai Petro
Posted by :
nightowlTracked by: 0 Boarder
dear mmb,
has the balance of the stocks dividend been paid after the 50% interim dividend.. i have not yet recd. the full and final of the 120% remaining
regards nightowl...
In reply to:
BSE Announcements on Chennai Petro
Posted by : MMB Messenger
Chennai Petroleum Corporation Ltd (CPCL) has informed BSE that the Annual General Meeting (AGM) of the Company was held on September 08, 2008. 
BSE Announcements on Chennai Petro
Posted by : MMB MessengerTracked by: 0 Boarder
Chennai Petroleum Corporation Ltd (CPCL) has informed BSE that a meeting of the Board of Directors of the Company will be held on October 21, 2008, to consider and approve the Unaudited Financial Results for the quarter and half-year ended September 30, 2008 (Q2)....
NSE Announcements on Chennai Petro
Posted by : MMB MessengerTracked by: 0 Boarder
Chennai Petroleum Corporation Limited has submitted to the Exchange a copy of the Proceedings of the Annual General Meeting of the Company held on September 08, 2008 and a copy of the Chairmans Speech. The copies of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements)....
BSE Announcements on Chennai Petro
Posted by : MMB MessengerTracked by: 0 Boarder
Chennai Petroleum Corporation Ltd (CPCL) has informed BSE that the Annual General Meeting (AGM) of the Company was held on September 08, 2008....
Will get regular supply of crude oil--RIL
Posted by : Leave it.Tracked by: 1 Boarder
KG Basin gas to lift Reliance profit - Mukesh Ambani Sun, Sep 21 07:20 PM
By John Mair and Nidhi Verma
MUMBAI (Reuters) - Reliance Industries will start pumping natural gas from its deep-sea block early next year, putting India's most valuable firm on track to earn a quarter of its profit from oil and gas production, Chairman Mukesh Ambani said.
The field is located in the Krishna-Godavari Basin, where the firm started pumping crude oil last week, and total hydrocarbon output from the block would rise to 550,000 barrels of oil equivalent per day (boed) in six to eight quarters, Ambani told journalists on Sunday.
Ambani said this would amount to about 40 percent of the current indigenous production in the energy-starved country, which imports 70 percent of the oil it consumes.
"Its impact on the fortunes of India and Reliance will be enormous, contributing to foreign exchange and import bill saving of $20 billion," Ambani said.
He said the company would start pumping natural gas from the KG Basin in the January-March quarter, which is within the broad target of the company but later than the government's forecast that production would begin by November.
The company is expected to initially pump 15 million metric standard cubic metres a day (mmscmd) of gas and ramp it up to 40 mmscmd in a few months and double that output in the next phase of the field's development.
The supply of Reliance's gas is expected to encourage power plants, factories and motorists to abandon liquid fuels, and hit the growth in domestic oil sales, which grew about 7 percent in 2007/08.
Ambani said Reliance's gas supplies would be enough to power 5 million cars, 10 million trucks and over 50 million scooters and motorcycles.
It would also boost power generation by thousands of megawatts in a few months, providing enough electricity to light up 80 million homes, Ambani said.
Reliance owns 90 percent of the D-6 block, while Canada's Niko Resources has the rest but Reliance would consider bringing another partner on board if it helps the firm.
"It is purely driven by value proposition. If somebody gives us share in an equally prolific field in other parts of the world where we want to be ... it can't be ruled out," the firm's head of petroleum business, P.M.S. Prasad told a news conference.
But the firm had no immediate plan to sign up a foreign partner, he said.
Prasad said the company's oilfield had started pumping 5,000 barrels per day of crude oil, for which two state-run Indian refiners -- Hindustan Petroleum Corp and Chennai Petroleum Corp -- were potential customers.
The firm would begin selling crude oil with spot sales, while term contracts would be signed later, he said.
"When we bring 40,000 bpd, and the quality stabilises, that is the time we starts thinking about term contracts," he said.
Ambani said crude oil production was only the beginning of the firm's oil and gas output.
"It marks the first production from just one field that is part of a larger discovery domain. We can now confidently look forward to production from a series of other fields," he said.
Reliance is also expected within weeks to begin pumping crude through the new refinery, which together with its existing 660,000 bpd plant on India's west coast, built less than a decade ago, will be world's biggest refining complex
v.krishnamoorthy...
divident on ex date
Posted by :
singhalTracked by: 0 Boarder
I also purchased 60 shares of cpcl on 22nd Aug which was effective date for dividend with book closer from 26th Aug, But I have not been paid the dividend. Though I have mailed to Karvy(Registrar) and DP(sharekhan) but no result. Please confirm if you have been paid....
In reply to:
BSE Announcements on Chennai Petro
Posted by : MMB Messenger
Chennai Petroleum Corporation Ltd (CPCL) has informed BSE that the Annual General Meeting (AGM) of the Company was held on September 08, 2008.
divident on ex date
Posted by : singhalTracked by: 0 Boarder
I also purchased 60 shares of cpcl on 22nd Aug which was effective date for dividend with book closer from 26th Aug, But I have not been paid the dividend. Though I have mailed to Karvy(Registrar) and DP(sharekhan) but no result. Please confirm if you have been paid....
In reply to:
BSE Announcements on Chennai Petro
Posted by : MMB Messenger
Chennai Petroleum Corporation Ltd (CPCL) has informed BSE that the Annual General Meeting (AGM) of the Company was held on September 08, 2008.
any more recomdation...
Posted by : psgsTracked by: 0 Boarder
yes, there is a factor of RISK always in the stock market. very rightly said by you. therefore, switch to merck.
...
In reply to:
any more recomdation...
Posted by : panakals
Again there is a Blame on Advises, all Advisers on this Board may be common man like Yourself, and are not able to predict other factors like Oil price and Lehman story which will be coming in the future....
Even if You are able to judge the fundamentals correctly.. there is a factor of RISK always in the Stock market
any more recomdation...
Posted by : panakalsTracked by: 0 Boarder
Again there is a Blame on Advises, all Advisers on this Board may be common man like Yourself, and are not able to predict other factors like Oil price and Lehman story which will be coming in the future....
Even if You are able to judge the fundamentals correctly.. there is a factor of RISK always in the Stock market...
In reply to:
any more recomdation...
Posted by : ritesh93526
all the best trackers of this stock will say this stock looks cheap,it a gem every one should have this stock in thier porfolio.when this stock was 318rs i entered in to it after hearing all this comments from trackers got to say genies trackers.now cant find any way to get out this.so plzz investors do listen to the advices.i can assure u that this stock will defenetly touch its 52 weeks low.so stay away or get ready to lose ur hard earn money like i did...
any more recomdation...
Posted by : GuestTracked by: 0 Boarder
Well, it is still technically weak. Its recent past fundamentals are good. There are negative cues which are stacking up. I doubt you will get your original price in next one year.
So your best bet is to bring cost down by buying at current price, and be prepared to buy some more when it hits 52 week low.
Beware of spurious advice....
In reply to:
any more recomdation...
Posted by : ritesh93526
all the best trackers of this stock will say this stock looks cheap,it a gem every one should have this stock in thier porfolio.when this stock was 318rs i entered in to it after hearing all this comments from trackers got to say genies trackers.now cant find any way to get out this.so plzz investors do listen to the advices.i can assure u that this stock will defenetly touch its 52 weeks low.so stay away or get ready to lose ur hard earn money like i did...
any more recomdation...
Posted by : ritesh93526Tracked by: 0 Boarder
all the best trackers of this stock will say this stock looks cheap,it a gem every one should have this stock in thier porfolio.when this stock was 318rs i entered in to it after hearing all this comments from trackers got to say genies trackers.now cant find any way to get out this.so plzz investors do listen to the advices.i can assure u that this stock will defenetly touch its 52 weeks low.so stay away or get ready to lose ur hard earn money like i did......
Tracked by: 0 Boarder
Chennai Petro will be hard pressed to earn Rs. 48 EPS in next three quarters (combined). The just concluded quarter was excellant, but it is past.
Based upon near past fundamentals, it is attractively priced. But whole of refinery sector is under tremendous technical pressure, which indicates fundamentals may deteriorate in future.
The chairman refused to increase dividend in AGM despite excellant results. The company has paid dividend after 5 days. Normally, companies having good cash reserve pay the dividend on same day of AGM. So future is not so bright.
But on further correction, it may be excellant pick....
In reply to:
panakals
This stock is trading at a current PE which is very cheap!!!, but can anyone put the forward PE in the next 3 quarter
Tracked by: 0 Boarder
This stock is trading at a current PE which is very cheap!!!, but can anyone put the forward PE in the next 3 quarter...
In reply to:
Guest
ref growth 11.85july2008 vs4.7%july2007 no effect on margin if crude falls as margin fixed on conversion che pet best among peers annual EPS190 june2008 resultes PE works out 1.3 ind ave 6 GRAB this share on falling market ready to soar 265-270
Tracked by: 0 Boarder
ref growth 11.85july2008 vs4.7%july2007 no effect on margin if crude falls as margin fixed on conversion che pet best among peers annual EPS190 june2008 resultes PE works out 1.3 ind ave 6 GRAB this share on falling market ready to soar 265-270...
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