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Oil and Natural Gas Corporation |
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Tracked by: 0 Boarder
I have given its support level at around 605/610 in near term....
In reply to:
ongc
Posted by :
abrac
Dear Sir, It has already fallen max. It has gone down to LESS THAN 640/-. WHEN ALL OTHER STOCKS RISING IT SHOULD ALSO RISE.
WHEN THE CRUDE WAS AT $ 147, IT WAS PAYING SUBSIDY OF (147 -61). WHEN THE CRUDE IS AT $34, IT CANNOT MEET ITS BASIC EXPENSES OF EXPLORATION, LEAVE ALONE FURTHER INVESTMENT.
So, when the crude hovers around $60, then only it can move in the stock market.
Tracked by: 0 Boarder
Dear Sir, It has already fallen max. It has gone down to LESS THAN 640/-. WHEN ALL OTHER STOCKS RISING IT SHOULD ALSO RISE.
WHEN THE CRUDE WAS AT $ 147, IT WAS PAYING SUBSIDY OF (147 -61). WHEN THE CRUDE IS AT $34, IT CANNOT MEET ITS BASIC EXPENSES OF EXPLORATION, LEAVE ALONE FURTHER INVESTMENT.
So, when the crude hovers around $60, then only it can move in the stock market.
...
In reply to:
ongc
Posted by :
joeth
good stock do not fall so much .
Tracked by: 0 Boarder
good stock do not fall so much ....
Ongc down target=490....
Posted by : abracTracked by: 3 Boarders
If I reap a rich harvest of wheat and the market price also falls, then I should buy wheat from market and wound not explore ways to improve yeilds and/or add new acrage for nex year !!...
In reply to:
Ongc down target=490....
Posted by :
marketman
Ongc, a public sector oil and gas explorar works under the control of govt of india.... how investors can become rich by holding such stocks.... the crude is very weak and may further go to lower levels in coming days.... instead of wasting nation`s petro reserves,it can import huge quantity of crude at lower prices.... instead of going for production,it can concenrate on crude trading in coming days....
go ahead
Posted by : GuestTracked by: 0 Boarder
It is a fundamentaly sound stock. Can be relied upon...
Ongc down target=490....
Posted by : marketmanTracked by: 3 Boarders
Ril may get important support at 980 in coming sessions.... it has to breakdown this level convincingly to give more losses to its holders.......
In reply to:
Ongc down target=490....
Posted by :
iinvestr
Going by your logic RIL should be quoted at Rs.500/- too.
Ongc down target=490....
Posted by : iinvestrTracked by: 3 Boarders
Going by your logic RIL should be quoted at Rs.500/- too....
In reply to:
Ongc down target=490....
Posted by : marketman
Ongc, a public sector oil and gas explorar works under the control of govt of india.... how investors can become rich by holding such stocks.... the crude is very weak and may further go to lower levels in coming days.... instead of wasting nation`s petro reserves,it can import huge quantity of crude at lower prices.... instead of going for production,it can concenrate on crude trading in coming days....
support
Posted by : vkk43Tracked by: 0 Boarder
Likely support around 605/10. If however it breaks this support level, scrip will fall substantially then....
Ongc down target=490....
Posted by : marketmanTracked by: 3 Boarders
Ongc, a public sector oil and gas explorar works under the control of govt of india.... how investors can become rich by holding such stocks.... the crude is very weak and may further go to lower levels in coming days.... instead of wasting nation`s petro reserves,it can import huge quantity of crude at lower prices.... instead of going for production,it can concenrate on crude trading in coming days.......
In reply to:
Ongc down target=490....
Posted by : abijeet1
YES ! it has to see a level of 490 very soon!
ONGC target 750
Posted by : rrenjiTracked by: 0 Boarder
I also think so.. i`m waiting for it to hammer down,below 320-350 is a good range to buy.. ...
In reply to:
ONGC target 750
Posted by : iinvestr
and ICICIBANK target 280
ONGC target 750
Posted by : iinvestrTracked by: 0 Boarder
and ICICIBANK target 280...
Ongc down target=490....
Posted by : abijeet1Tracked by: 3 Boarders
YES ! it has to see a level of 490 very soon! ...
In reply to:
Ongc down target=490....
Posted by : novice1000
dear marketman,
It is not according to my data.It is according to ONGC`s balance sheet.
Regarding subsidy burden.. that is what i tried to convey you..that will be there only when crude will be higher than say some 60 US $ per barrel or so.
Now there is absolutely no subsidy burden.. b`coz the lesser crude prices are helping oil marketing companies in making good profits.
Regarding Raju of Satyam siphoning money from Satyam.. how does that question araise when the deal itself was called off.
Even if the deal had gone as planned, it would be premature to say it is meant to rob the money (without understanding the business plan).
When it comes to siphoning money from company, majority of the corporates in India do that.
Do you think housing prices offered by organzied housing sector really cost that much compared to the quality they offer?
In fact managements of these companies always siphon money by projecting higher expenses which are much higher than the actual expenses and it is an open secret.
When Bahrain is offering natural gas at a price of 2 US $ per one British thermal unit(BTU) to India, RIL is demanding a price of 4.5 plus US $ per BTU by projecting the higher production cost though at the time of bidding RIL agreed to supply gas at a price 2.35 US $ per BTU.
If not b`coz of siphoning of money, how come RIL`s production cost doubled suddenly when others are suppling for very lesser price?
Pls remember that some vested interests made allegations and innocent investors got carried away, it doesnt mean that Raju was proved guilty( he didnt even go ahead with the plan).
May be some FIIs might be trying to take over Satyam at lesser price and they might have played this game with the help of analysts!
Pls remember that even before the deal news came to media, there were rumours about Satyam`s stock price coming down to levels of 130.What does it suggest?
regards
Ongc down target=490....
Posted by : novice1000Tracked by: 3 Boarders
dear marketman,
It is not according to my data.It is according to ONGC`s balance sheet.
Regarding subsidy burden.. that is what i tried to convey you..that will be there only when crude will be higher than say some 60 US $ per barrel or so.
Now there is absolutely no subsidy burden.. b`coz the lesser crude prices are helping oil marketing companies in making good profits.
Regarding Raju of Satyam siphoning money from Satyam.. how does that question araise when the deal itself was called off.
Even if the deal had gone as planned, it would be premature to say it is meant to rob the money (without understanding the business plan).
When it comes to siphoning money from company, majority of the corporates in India do that.
Do you think housing prices offered by organzied housing sector really cost that much compared to the quality they offer?
In fact managements of these companies always siphon money by projecting higher expenses which are much higher than the actual expenses and it is an open secret.
When Bahrain is offering natural gas at a price of 2 US $ per one British thermal unit(BTU) to India, RIL is demanding a price of 4.5 plus US $ per BTU by projecting the higher production cost though at the time of bidding RIL agreed to supply gas at a price 2.35 US $ per BTU.
If not b`coz of siphoning of money, how come RIL`s production cost doubled suddenly when others are suppling for very lesser price?
Pls remember that some vested interests made allegations and innocent investors got carried away, it doesnt mean that Raju was proved guilty( he didnt even go ahead with the plan).
May be some FIIs might be trying to take over Satyam at lesser price and they might have played this game with the help of analysts!
Pls remember that even before the deal news came to media, there were rumours about Satyam`s stock price coming down to levels of 130.What does it suggest?
regards...
In reply to:
Ongc down target=490....
Posted by : marketman
So,according to your data,crude will have to come down to below 10 dollar mark to put ongc in troubles.... what about subsidy burden? did it stop or still govt siphoning money from this oil producer?
If raju tries to siphon money from satyam,people talked about governance,from this company govt regularly taking money.... no one objects here....
Ofcourse raju of satyam is a moniority shareholder where as here in ongc the govt is a majortity share holder....
Ongc down target=490....
Posted by : GunaTracked by: 3 Boarders
What is so big an issue on subsidy? If people of India want subsidy, so be it. If all people can afford to pay the cost price of kerosene, cooking gas etc the subsidy will go automatically.
Regarding your target of ongc below 500, it will face the same fate as in the case of ntpc going below 100 and hul going below 200.
...
In reply to:
Ongc down target=490....
Posted by : marketman
So,according to your data,crude will have to come down to below 10 dollar mark to put ongc in troubles.... what about subsidy burden? did it stop or still govt siphoning money from this oil producer?
If raju tries to siphon money from satyam,people talked about governance,from this company govt regularly taking money.... no one objects here....
Ofcourse raju of satyam is a moniority shareholder where as here in ongc the govt is a majortity share holder....
Ongc down target=490....
Posted by : marketmanTracked by: 3 Boarders
So,according to your data,crude will have to come down to below 10 dollar mark to put ongc in troubles.... what about subsidy burden? did it stop or still govt siphoning money from this oil producer?
If raju tries to siphon money from satyam,people talked about governance,from this company govt regularly taking money.... no one objects here....
Ofcourse raju of satyam is a moniority shareholder where as here in ongc the govt is a majortity share holder.......
In reply to:
Ongc down target=490....
Posted by : novice1000
dear marketman,
ONGC`s operational expenses including the salaries are just 16% of their income during the last fiscal(ONGC had an approximate realization price of 55 US $ per barrel during the last fiscal).
So, even if the crude price goes to 20 US $ per barrel, ONGC makes very decent profits.
Regarding accumulating the crude reserves for future...It is commercially unviable...taking the storage cost, maintenance cost and interest cos etc in to account. The cost of crude will turn out to be 300 US $ per barrel if it is accumulated for utilization after 5 years.
Anyways there are limitations even for storing.. country with great difficulty may develop storage capacity for 45 days that too with strategic intent and not from commercial perspective as it is commercially unviable.
As you rightly said, there is no point in hating anybody.After all we may have disagreement on different issues and that has nothing to do with hatred.
I am glad to learn that, you like me too.. keep the good work...
regards
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