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Cairn India
support
Posted by :
happyinvesterTracked by: 0 Boarder
All,
Investors are suggested not enter the stock in a hurry. Wait for the stock to stabilize. In my opinion it will go further down. I don't see reversal pattern now according to the charts. I am sure it will go down with Nifty.
Watch the game from sidelines.
Cheers
SwingTrader...
In reply to:
support
Posted by :
readarticle
Bbdrs,
what do u think will happen to CAIRN profit if the crude trades at 90-100 when they start production next year?
I mean EPS and Profitability.. based on which the price of the stock can be derived.
This short term call won't make any sense till production starts.
That way we can be sure of their profitability and need not worry ab crude dropping.
Any takers? 
support
Posted by : readarticleTracked by: 0 Boarder
Bbdrs,
what do u think will happen to CAIRN profit if the crude trades at 90-100 when they start production next year?
I mean EPS and Profitability.. based on which the price of the stock can be derived.
This short term call won't make any sense till production starts.
That way we can be sure of their profitability and need not worry ab crude dropping.
Any takers?...
In reply to:
support
Posted by :
vkk43
Yes you can. You will get trading opportunities also within next 6 months time frame.
Tracked by: 0 Boarder
Yes you can. You will get trading opportunities also within next 6 months time frame....
In reply to:
support
Posted by :
retrobroker
i am planning to average cairn at 220..with a 6month view on the stock target price - 280 - 300
support
Posted by : retrobrokerTracked by: 0 Boarder
i am planning to average cairn at 220..with a 6month view on the stock target price - 280 - 300...
In reply to:
support
Posted by : vkk43
Cairn could be now looked into for investment.
Tracked by: 0 Boarder
Cairn could be now looked into for investment....
In reply to:
support
Posted by : retrobroker
i agree... 220 is a strong support level for this script..also crude is trading firm between 101 - 103...but might break that level once hurricane IKE subsides..but again opec wouod be looking at a price above 100 for crude in the near - medium term, though it might slide to 98 levels once IKE subsides
support
Posted by : retrobrokerTracked by: 0 Boarder
i agree... 220 is a strong support level for this script..also crude is trading firm between 101 - 103...but might break that level once hurricane IKE subsides..but again opec wouod be looking at a price above 100 for crude in the near - medium term, though it might slide to 98 levels once IKE subsides...
In reply to:
support
Posted by : vkk43
This share should now find support at current market rate.
support
Posted by : vkk43Tracked by: 0 Boarder
This share should now find support at current market rate....
Tracked by: 0 Boarder
This is OLD news. Are you from Kotak Investment or just sharing the id?...
In reply to:
KotakInvestment
CAIRNS : "MULTI BAGGER IN OFFING"
______________________________________
Cairn India's Rajasthan fields will pump over 16 per cent more oil at 175,000 barrels per day and will contribute over one-fifth of the country's current domestic oil output, when it commences production in second half of 2009.
Cairn has submitted a revised development plan for Mangala oil field, largest in the Rajasthan block and has got investment approval for the second biggest field called Bhagyam, company's Chief Executive Rahul Dhir said.
"This will allow us to reach an estimated sustainable plateau production rate of 175,000 bpd from the three proven fields of Mangala, Bhagyam and Aishwariya (MBA) up from the previous forecast of 150,000 bpd," he said from London.
The revised field development plan from Mangala envisages a 25 per cent increase in peak production at 125,000 bpd.
Dhir said the company has contracted two drilling rigs and development drilling would begin in the last quarter of 2008 calender year.
"The focus for us now has shifted to execution of the ground," he said, adding the company was on course to deliver first oil from Rajasthan in second half of 2009.
Together with enhanced oil recovery (EOR) scheme, the Rajasthan block can sustain peak output of 175,000 bpd for 10 years.
A pipeline is being laid from Barmer district of Rajasthan to Gujarat coast for transporting the crude to refineries.
Dhir said the company was also said to drill its first well in the Bihar block later this year.
We had recommended this stock to or clients for little long term with target 343 in one year. We hope people will hold this MULTI BAGGER IN MAKING within two years.
Kotak Investments
Tracked by: 0 Boarder
As expected, this share has come to 220/- level....
BSE Announcements on Cairn India
Posted by : MMB MessengerTracked by: 0 Boarder
Cairn India Ltd has informed BSE regarding a Press Release dated September 11, 2008 titled "BOI Sri Lanka and Cairn India inks investment commitment for Manner Basin exploration"....
NSE Announcements on Cairn India
Posted by : MMB MessengerTracked by: 0 Boarder
Cairn India Limited has informed the Exchange regarding a press release dated September 11, 2008, titled "Cairn Lanka; BOI Sri Lanka and Cairn India inks Investment commitment for Mannar Basin exploration". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements)....
financeandstockadvice.blogspot.com
Posted by : retrobrokerTracked by: 1 Boarder
rightly said.. specially in case of CAIRN..when everyone has a buy call on this stock it has been making news lows ..a veryy good at these levels..though i see it touching 210 soon buy but not for traders.....
In reply to:
financeandstockadvice.blogspot.com
Posted by : Guest
in order to limit the loss in the stock market we need to trade with caution and be sensitive before making any investment decision
Posted by :
KotakInvestmentTracked by: 0 Boarder
CAIRNS : "MULTI BAGGER IN OFFING"
______________________________________
Cairn India's Rajasthan fields will pump over 16 per cent more oil at 175,000 barrels per day and will contribute over one-fifth of the country's current domestic oil output, when it commences production in second half of 2009.
Cairn has submitted a revised development plan for Mangala oil field, largest in the Rajasthan block and has got investment approval for the second biggest field called Bhagyam, company's Chief Executive Rahul Dhir said.
"This will allow us to reach an estimated sustainable plateau production rate of 175,000 bpd from the three proven fields of Mangala, Bhagyam and Aishwariya (MBA) up from the previous forecast of 150,000 bpd," he said from London.
The revised field development plan from Mangala envisages a 25 per cent increase in peak production at 125,000 bpd.
Dhir said the company has contracted two drilling rigs and development drilling would begin in the last quarter of 2008 calender year.
"The focus for us now has shifted to execution of the ground," he said, adding the company was on course to deliver first oil from Rajasthan in second half of 2009.
Together with enhanced oil recovery (EOR) scheme, the Rajasthan block can sustain peak output of 175,000 bpd for 10 years.
A pipeline is being laid from Barmer district of Rajasthan to Gujarat coast for transporting the crude to refineries.
Dhir said the company was also said to drill its first well in the Bihar block later this year.
We had recommended this stock to or clients for little long term with target 343 in one year. We hope people will hold this MULTI BAGGER IN MAKING within two years.
Kotak Investments...
financeandstockadvice.blogspot.com
Posted by : GuestTracked by: 1 Boarder
in order to limit the loss in the stock market we need to trade with caution and be sensitive before making any investment decision...
Tracked by: 0 Boarder
Cairn will by HIGH profits even if crude goes to so don\\`t worry;
Malaysian and Singaporeans have not bought 20m shares without thinking. OPEC will make sure crude prices stay above 0 which you
can say that it has cut production target by 870,000bpd...
In reply to:
retrobroker
no use.. this stock atleast in near term will be in this 220 range.. at best..only if crude rallies above 110 will it enter the 230 band..this is a medium term hold..coz its going to start prodcution soon... till then its pure crude play.. crude is headed downwards and once below 100 its anyones guess wer it cud go
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