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Hindustan Petroleum Corporation
HPCL is to get GOI bonds early
Posted by :
Leave it.Tracked by: 0 Boarder
Oil ministry pushes for early release of petro bonds
Thu, Aug 21 12:50 AM
The petroleum ministry is pushing for issuing a portion of bonds in advance to oil marketing companies and enable them to partially offset losses in the wake of high global crude oil prices. It has also sought the finance ministry's intervention to enhance the credit limits of oil marketing companies so the latter can meet it working capital requirement.
Under-recoveries of the oil companies -- the notional loss arising from sale of auto fuel and cooking gas at subsidised prices -- are projected to cross Rs 200,000 crore in the current fiscal year. The petroleum ministry wrote to the finance ministry last month, asking the latter to issue the bonds to the state-owned oil marketing companies in the first supplementary budget itself.
An official said that petroleum ministry has sought issuance of bonds of the first three quarters of the current year during based on the actual under-recoveries of the first quarter. The ministry is moving a revised supplementary proposal separately for this, the official said.
The first supplementary budget is expected to be moved in September. In Mumbai, oil secretary R.S. Pandey said the government "cannot see public sector oil companies going into red.
" In June the government announced a mix of bonds, duty cuts and price hike to prop the crippling finances of oil marketing companies. Earlier this month, the Reserve Bank of India allowed Indian Oil Corporation to use its proposed 15 million tonne Paradip refinery's Rs 20,000 crore credit line for meeting its working capital requirement.
Indian Oil was on the verge of exhausting its borrowing limit of Rs 45,000 crore. The latest move by the central bank will give some headroom to the company to raise more money from financial institutions.
The other two oil marketing companies Hindustan Petroleum Corporation Limited and Bharat Petroleum Corporation Limited have also sought raising their borrowing limits by Rs 2,500 crore and Rs 3,000 crore respectively.
v.krishnamoorthy...
NSE Announcements on HPCL
Posted by : WhatsUPTracked by: 0 Boarder
Wbuffet001:
This could mean something more to come along.. maybe the prices are going to be completely deregulated.. after all there is very little time to get the hidden value in the oil marketing companies as the current oil supplies will last for 10 years time..
after which there is going to be a crisis mode for petroleum
=happy investing
...
In reply to:
NSE Announcements on HPCL
Posted by :
wbuffett001
Dear Friends
Central Govt recently asking IOC ,HPCL, BPCL to consider surrenderring all their retail outlets (except some prominent ones in metros which will be retained for branding and training purposes ) to individuals (disadvantaged sections including war widows) in the present waitlist, is a highly derogatory step. This is a total interference into working of oil psus and the allottes will no doubt relatives or friends of central / state govts. politicians. The oil psus also could have started other retail activities from the outlets ultimately and also are holding realty valued at thousands of crores over the last few decades.
This is an organised and systematic looting of the our oil psus by the politicians for their personal benefit.
From investors viewpoint one thing is very clear.
Never get into PSU oil shares as the politicians can really destroy value for their personal benefit.
Those boarders who want to buy IOC, HPCL ,BPCL shares may do a proper diligence before buying the shares.
wbuffett001 
NSE Announcements on HPCL
Posted by : wbuffett001Tracked by: 0 Boarder
Dear Friends
Central Govt recently asking IOC ,HPCL, BPCL to consider surrenderring all their retail outlets (except some prominent ones in metros which will be retained for branding and training purposes ) to individuals (disadvantaged sections including war widows) in the present waitlist, is a highly derogatory step. This is a total interference into working of oil psus and the allottes will no doubt relatives or friends of central / state govts. politicians. The oil psus also could have started other retail activities from the outlets ultimately and also are holding realty valued at thousands of crores over the last few decades.
This is an organised and systematic looting of the our oil psus by the politicians for their personal benefit.
From investors viewpoint one thing is very clear.
Never get into PSU oil shares as the politicians can really destroy value for their personal benefit.
Those boarders who want to buy IOC, HPCL ,BPCL shares may do a proper diligence before buying the shares.
wbuffett001...
In reply to:
NSE Announcements on HPCL
Posted by : MMB Messenger
Hindustan Petroleum Corporation Ltd. has informed the Exchange that the Register of Members / Share Transfer Books of the Corporation will remain closed during the period September 05, 2008 to September 22, 2008 (both days inclusive), for the purpose of taking record of eligible Shareholders / Beneficial Owners for payment of Equity Dividend as may be approved by the Members in the ensuing Annual General Meeting of the Corporation being scheduled on September 22, 2008.
NSE Announcements on HPCL
Posted by : MMB MessengerTracked by: 0 Boarder
Hindustan Petroleum Corporation Ltd. has informed the Exchange that the Register of Members / Share Transfer Books of the Corporation will remain closed during the period September 05, 2008 to September 22, 2008 (both days inclusive), for the purpose of taking record of eligible Shareholders / Beneficial Owners for payment of Equity Dividend as may be approved by the Members in the ensuing Annual General Meeting of the Corporation being scheduled on September 22, 2008....
BSE Announcements on HPCL
Posted by : MMB MessengerTracked by: 0 Boarder
Hindustan Petroleum Corporation Ltd (HPCL) has informed BSE that the Register of Members & Share Transfer Books of the Corporation will remain closed from September 05, 2008 to September 22, 2008 (both days inclusive) for the purpose of payment of dividend & 56th Annual General Meeting (AGM) of the Corporation to be held on September 22, 2008....
Div yield
Posted by : GuestTracked by: 0 Boarder
switch from this loss making company to chennai petroleum big day trading fluaction present for thsi script make money and create wealth...
In reply to:
Div yield
Posted by :
nevis
The moneycontrol data is not updated which shows the old div detail and because of it this scrip figures as one of the top dividend yields and confusing investors..
Div yield
Posted by : nevisTracked by: 0 Boarder
The moneycontrol data is not updated which shows the old div detail and because of it this scrip figures as one of the top dividend yields and confusing investors.....
Buy after Iran war
Posted by : GuestTracked by: 0 Boarder
Now US Institutions purposefully reducing the prices of crude for the accumulation of US strategic reserve. There is a good chance of Iran war before US election and most likely start in the month of August....
In reply to:
Buy after Iran war
Posted by : psgs
dude, hp, bp and ioc are like double edged swords. ok. even if crude cools off they will make less money as petrol retail price will be decreased by price regulation in india. and if crude goes up, it will continue to bleed as subsidies will go up. so dump hp, bp and ioc. they may not crash from here but will not give better than market returns from current levels.
swamy.
Buy after Iran war
Posted by : psgsTracked by: 0 Boarder
dude, hp, bp and ioc are like double edged swords. ok. even if crude cools off they will make less money as petrol retail price will be decreased by price regulation in india. and if crude goes up, it will continue to bleed as subsidies will go up. so dump hp, bp and ioc. they may not crash from here but will not give better than market returns from current levels.
swamy.
...
In reply to:
Buy after Iran war
Posted by : Guest
Long Term investors in HPCL,BPCL and IOC may buy these shares after the US/Israel war with Iran.At the point of war Crude oil price will go up above 0.
Buy after Iran war
Posted by : GuestTracked by: 0 Boarder
Long Term investors in HPCL,BPCL and IOC may buy these shares after the US/Israel war with Iran.At the point of war Crude oil price will go up above 0....
Get Ready for the Next Leg Up in Oil
Posted by : calculusTracked by: 0 Boarder
You seem to focussing only on the demand side.
Supplies from Nigeria, Iraq, Saudi & Iran can easily take care of the increase in demand forseen in EMs for the next 3-5 years.
After that several new supply lines will open up in the deep water oil fields across the world. ...
In reply to:
Get Ready for the Next Leg Up in Oil
Posted by : Guest
Oil has pulled back from its highs, and now analysts are lining up to say the top is in I\\`ve been saying all along that volatility is the name of the game in oil this year. Let me tell you now that I think oil could go lower in the short term — maybe to 0 a barrel, 0 if we\\`re really lucky. Then, hold on to your socks, because we\\`re probably seeing the set-up for oil\\`s next HUGE rally.
Why do I think crude oil may have some more work to do on the downside? Nothing goes up in a straight line, and crude\\`s run has been phenomenal — it was trading at just a barrel a year ago A short-term pullback is a normal and necessary part of any bull market, and crude is no different.
Short-term drivers that could push crude oil to 0 or even 0 a barrel include ...
Easing tensions with Iran.
U.S. consumers driving less — 3.7% less than this time last year, according to the Department of Energy. That doesn\\`t sound like a lot, but it\\`s a savings of 9.6 billion miles and hundreds of millions of gallons of gasoline.
Expectations that Chinese demand will slack off now that preparations for the Olympics are finished.
Fears that the financial crisis will translate into more pain for the U.S. economy and consumers.
Still, these are all short-term forces. For example, people are driving less because prices at the pump went up so far, so fast, that it came as a shock. Let prices go down a bit, let people get used to new higher lows, and we\\`ll probably see demand pick up again.
Now, let me tell you about some of the LONG-TERM forces in play that should drive oil to 0, 0 a barrel and beyond ...
Thirsty Tigers: The U.S. may be the world\\`s leader in energy thirst (over 20 million barrels of oil a day) but China is coming on strong. According to the Energy Information Administration (EIA), China consumed 7.6 million barrels of petroleum each day of 2007. That\\`s up 860,000 barrels/day in just two years.
What\\`s more, Rigzone reports that China\\`s oil imports in the first half of 2008 imply an increase of 480,000 barrels a day over the same period a year earlier.
Drive Me Crazy: What is China doing with all that oil? Fueling cars. In China, car sales rose by 20% in the first quarter of this year to 1.85 million vehicles. And while SUV sales are tanking in the U.S., the number of SUVs sold in China rose 43% in May compared with the previous year. Indeed, China\\`s demand for gas is much of the reason for the run-up in global oil prices
China alone accounts for about 40% of the world\\`s recent increase in demand for oil Fifteen years ago, there were almost no private cars in the country. China now has 15.2 million private cars. Still, less than 4% of the country\\`s 1.3 billion people have already bought a car. That\\`s the same percentage of car ownership the U.S. had in 1915!And oil demand is also booming in Russia, across Asia, and the Middle East. In 2008 China, India, Russia and the Middle East for the first time will consume more crude oil than the U.S., burning 20.67 million barrels a day, an increase of 4.4% over year earlier levels, according to the IEA. U.S. demand will contract 2% to 20.38 million barrels daily.Now, let me tell you about some of the LONG-TERM forces in play that should drive oil to 0, 0 a barrel and beyond ...China isn\\`t alone Demand is also soaring in India (up about 7% year over year), where the locals are lining up to buy the world\\`s cheapest car, the ,500 Tata Nano. India\\`s government will spend .5 billion this year on oil subsidies — twice what it spent last year And that\\`s AFTER subsidies were scaled back in June
Get Ready for the Next Leg Up in Oil
Posted by : GuestTracked by: 0 Boarder
Oil has pulled back from its highs, and now analysts are lining up to say the top is in I\\`ve been saying all along that volatility is the name of the game in oil this year. Let me tell you now that I think oil could go lower in the short term — maybe to 0 a barrel, 0 if we\\`re really lucky. Then, hold on to your socks, because we\\`re probably seeing the set-up for oil\\`s next HUGE rally.
Why do I think crude oil may have some more work to do on the downside? Nothing goes up in a straight line, and crude\\`s run has been phenomenal — it was trading at just a barrel a year ago A short-term pullback is a normal and necessary part of any bull market, and crude is no different.
Short-term drivers that could push crude oil to 0 or even 0 a barrel include ...
Easing tensions with Iran.
U.S. consumers driving less — 3.7% less than this time last year, according to the Department of Energy. That doesn\\`t sound like a lot, but it\\`s a savings of 9.6 billion miles and hundreds of millions of gallons of gasoline.
Expectations that Chinese demand will slack off now that preparations for the Olympics are finished.
Fears that the financial crisis will translate into more pain for the U.S. economy and consumers.
Still, these are all short-term forces. For example, people are driving less because prices at the pump went up so far, so fast, that it came as a shock. Let prices go down a bit, let people get used to new higher lows, and we\\`ll probably see demand pick up again.
Now, let me tell you about some of the LONG-TERM forces in play that should drive oil to 0, 0 a barrel and beyond ...
Thirsty Tigers: The U.S. may be the world\\`s leader in energy thirst (over 20 million barrels of oil a day) but China is coming on strong. According to the Energy Information Administration (EIA), China consumed 7.6 million barrels of petroleum each day of 2007. That\\`s up 860,000 barrels/day in just two years.
What\\`s more, Rigzone reports that China\\`s oil imports in the first half of 2008 imply an increase of 480,000 barrels a day over the same period a year earlier.
Drive Me Crazy: What is China doing with all that oil? Fueling cars. In China, car sales rose by 20% in the first quarter of this year to 1.85 million vehicles. And while SUV sales are tanking in the U.S., the number of SUVs sold in China rose 43% in May compared with the previous year. Indeed, China\\`s demand for gas is much of the reason for the run-up in global oil prices
China alone accounts for about 40% of the world\\`s recent increase in demand for oil Fifteen years ago, there were almost no private cars in the country. China now has 15.2 million private cars. Still, less than 4% of the country\\`s 1.3 billion people have already bought a car. That\\`s the same percentage of car ownership the U.S. had in 1915!And oil demand is also booming in Russia, across Asia, and the Middle East. In 2008 China, India, Russia and the Middle East for the first time will consume more crude oil than the U.S., burning 20.67 million barrels a day, an increase of 4.4% over year earlier levels, according to the IEA. U.S. demand will contract 2% to 20.38 million barrels daily.Now, let me tell you about some of the LONG-TERM forces in play that should drive oil to 0, 0 a barrel and beyond ...China isn\\`t alone Demand is also soaring in India (up about 7% year over year), where the locals are lining up to buy the world\\`s cheapest car, the ,500 Tata Nano. India\\`s government will spend .5 billion this year on oil subsidies — twice what it spent last year And that\\`s AFTER subsidies were scaled back in June
...
Crude trending down, HPCL up.
Posted by : calculusTracked by: 0 Boarder
Consensus seems to be evolving arnd crude trending down from here for the med to long term (good riddance to Bussh & his oil cronies) Oil marketing companies including HPCL will have a terrific run up in thr next few months.
Buy now for excellent gains in the next 6-12 months....
HPCL Q1 net loss of Rs 888.12 crore
Posted by : GuestTracked by: 0 Boarder
This is dependent on susidies bonds etc doesn\\\\`t reflect true position...
In reply to:
HPCL Q1 net loss of Rs 888.12 crore
Posted by : MMB Messenger
HPCL has decalred its Q1FY09 results. The company's net sales were up 59% to Rs 34749.32 crore from Rs 21881.7 crore.
HPCL Q1 net loss of Rs 888.12 crore
Posted by : MMB MessengerTracked by: 0 Boarder
HPCL has decalred its Q1FY09 results. The company's net sales were up 59% to Rs 34749.32 crore from Rs 21881.7 crore....
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