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18 Aug 2008 20:50
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18 Aug 2008 09:41
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Is Rajasthan Block Pre-NELP?? I think its part of NELP.
But this report says otherwise:
Cairn India on Friday slipped 5.15 per cent to Rs 232.90 on the Bombay Stock Exchange on reports that the government might impose a special tax on oil firms’ incremental revenues beyond per barrel as part of the subsidy-sharing regime of the petroleum sector.
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The scrip has underperformed the market over the past month until August 8, rising only 3.3 per cent compared to the 11.8-per-cent rise in the benchmark Sensex. According to a report by Morgan Stanley, all of Cairn’s blocks (Rajasthan, Ravva and Cambay) are pre-New Exploration Licensing Policy (NELP).
Production from the Rajasthan fields, which are Cairn’s largest oil producing assets, was slated to begin in the second half of 2009. However, the output will now depend upon the amount and mechanism of cess devised by the government.
Profits from Ravva and Cambay, in which Cairn holds 40 per cent stake in each block, would be impacted. The impact on Cambay field is expected to be marginal as it is a gas field. The report estimates that for every per barrel change in Cairn’s net crude oil realisation changes its earnings by 2 per cent.
Cairn India reported a net loss of Rs 46.68 crore in its second quarter June 2008 against a net loss of Rs Rs 7.57 crore in the year-ago period. Sales rose 169.4 per cent to Rs 0.97 crore in June 2008 compared with the year-ago period. Cairn India explores and produces crude oil and natural gas in India....
But this report says otherwise:
Cairn India on Friday slipped 5.15 per cent to Rs 232.90 on the Bombay Stock Exchange on reports that the government might impose a special tax on oil firms’ incremental revenues beyond per barrel as part of the subsidy-sharing regime of the petroleum sector.
Also Read
News Now
Paper
Specials
- Week Ahead: Support at 4,350 will be tested
- Corporate investment to be robust this fiscal: RBI
- For 17,500 right people, ICICI scans 7.5 lakh resumes: Kamath
- Metro trains to have power connections inside coaches
- India expects exemption from NSG without any change to draft
- Bihar govt clears 135 proposals worth Rs 71,290 cr
More
Also Read
News Now
Paper
Specials
- `Institutions will have to pay 100% for IPOs soon`
- Give priority sector label for loan waiver: Banks
- This Singh is chicken king
- Provisioning not to hit pharma firms
- Canada`s Ivanhoe eyes investments in malls, retail
More
Also Read
News Now
Paper
Specials
- Monsoon watch : Will the rains be adequate this year?
- Fighting Inflation : Inflation at a 13-year high
- Your Money : Personal finance
- Credit Policy : RBI\\`s monetary policy review
- Tracking the downturn : Economic slowdown and its impact
- Time Out : food, travel, sports, health...
More
The scrip has underperformed the market over the past month until August 8, rising only 3.3 per cent compared to the 11.8-per-cent rise in the benchmark Sensex. According to a report by Morgan Stanley, all of Cairn’s blocks (Rajasthan, Ravva and Cambay) are pre-New Exploration Licensing Policy (NELP).
Production from the Rajasthan fields, which are Cairn’s largest oil producing assets, was slated to begin in the second half of 2009. However, the output will now depend upon the amount and mechanism of cess devised by the government.
Profits from Ravva and Cambay, in which Cairn holds 40 per cent stake in each block, would be impacted. The impact on Cambay field is expected to be marginal as it is a gas field. The report estimates that for every per barrel change in Cairn’s net crude oil realisation changes its earnings by 2 per cent.
Cairn India reported a net loss of Rs 46.68 crore in its second quarter June 2008 against a net loss of Rs Rs 7.57 crore in the year-ago period. Sales rose 169.4 per cent to Rs 0.97 crore in June 2008 compared with the year-ago period. Cairn India explores and produces crude oil and natural gas in India....
18 Aug 2008 01:11
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TATAs are playing game but bidding for 3G spectrum via TTSL (which is not listed) and NOT thru TTML (which is listed). Why this double game.
If they want they can merge it but they won\\`t. TTSL is flourishing but TTML where small investors have parked their money, for which they came to market to raise funds is dragging and making loss. TATAs came to market for loss making comp and using public money and investors are suffering.
Its just hope hope and hope....
If they want they can merge it but they won\\`t. TTSL is flourishing but TTML where small investors have parked their money, for which they came to market to raise funds is dragging and making loss. TATAs came to market for loss making comp and using public money and investors are suffering.
Its just hope hope and hope....
13 Aug 2008 08:49
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Thanks Sunny. That was very neat and well defined. I will buy and avg my price.
Are you sure if they are planning to expand by 2000 cr? That seems like big plan.
But I don't understand why the stock has fallen down by such big number. It should have support at 160 levels but broke that also.
I have Godawari Power and Ispat too. Thats a good comp to have to.
Do you track that also (just in case if you do)....
Are you sure if they are planning to expand by 2000 cr? That seems like big plan.
But I don't understand why the stock has fallen down by such big number. It should have support at 160 levels but broke that also.
I have Godawari Power and Ispat too. Thats a good comp to have to.
Do you track that also (just in case if you do)....
11 Aug 2008 20:46
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11 Aug 2008 20:15
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11 Aug 2008 20:10
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