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Petronet LNG Ltd
another dip awaiting ?
Posted by :
GOTOANISHTracked by: 0 Boarder
donno why ?....even with crude declining and political scene stabilising....analysts are still predicting one more visit to the lows of 12.5K(sensex)before the tide turns positive.
last time this happened petronet lng dipped intraday to 48-49(june -july).....
all the long term investors have one more chance to grab the scrip at rock bottom prices.
the fundamentals of the scrip is better than before.....expansion schedule on track.
...
Ready to move up
Posted by :
vorarinayTracked by: 0 Boarder
Structer verry good and expecting sharp jump in this share price in next week. Can buy for quick return....
Petronet LNG can see some profit booking at 64 levels.
Posted by : 9975797577Tracked by: 0 Boarder
Petronet Lng cmp 61.9 stock can see some profit booking at 64 levels...
reasonable valuation
Posted by :
msfinancesTracked by: 0 Boarder
Dear Vkk,
I think other than expanding your one line statement to 3 lines it didnot give much information on "reasonable valuation". I still have some queries may be you can help
Working results -- Do you mean Income per share, Capital Expenditure, Operational marginality, Future Growth prospects, Dividend payout?? I could not figure out what working reasults mean.
Past record - again the same question what do we see from the past records, Income, Expenditure, Operating cost, Operating effiency, Future growth, Long term contracts, Dividend payout, value addition or appreciation of the share value?? How do we gauge the past record
Present market condition - I am not sure if we are in neutral market, bull market or bear markey, so can you please let me how this present market actually makes the shares "reasonable valuation"
Which share could be bought around what price - what do you sugest is the best buying price for PLNG? And how do we know for ex 60 is the best price and not wait for 50 or 70?
considering the fact that he is not paying more than what he thinks is reasonable - The book value of PLNG is around 22 so should we wait till 22 so we dont may more for the share?? or what is the price price at which we are not paying more??
Hope it is clear to you. - No it was not clear may be if you can explain my above question, it will be bit clear.
regards,...
In reply to:
reasonable valuation
Posted by : vkk43
Seeing its working results and its past record and present market conditions, one takes a view of a particular share which share could be bought around what price, considering the fact that he is not paying more than what he thinks is reasonable. This is reasonable valuation and this share fits into that at present price. Hope it is clear to you. 
Dabhol may triple production in 4 months
Posted by : GOTOANISHTracked by: 0 Boarder
Dabhol may triple production in four months
Mumbai August 30, 2008, 12:43 IST
Maharashtra\\`s power woes are likely to ease by October, as Ratnagiri Gas & Power(RGPPL), the owner of the 2,150 mw Dabhol power plant, is planning to more than triple the generation from the plant in less than four months.
The company will invest Rs 10 crore towards a repair of a steam turbine will help restart the defunct gas turbines, and generate 1,300 mw of power by September end or by first week of October, said RGPPL managing director A K Ahuja. At present, the plant produces 640 mw of power.
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reasonable valuation
Posted by : vkk43Tracked by: 0 Boarder
Seeing its working results and its past record and present market conditions, one takes a view of a particular share which share could be bought around what price, considering the fact that he is not paying more than what he thinks is reasonable. This is reasonable valuation and this share fits into that at present price. Hope it is clear to you....
In reply to:
reasonable valuation
Posted by : msfinances
May be it will also help the boaders if you can explain whats "reasonable valuation" is and your take on why its reasonable? I guess that will be more helful to naive investors like me.
Regards
reasonable valuation
Posted by : vkk43Tracked by: 0 Boarder
Your msg is incomplete....
In reply to:
reasonable valuation
Posted by : msfinances
May be it will also help the boaders if you can explain whats \\\\\\\\\\\\\\\\
reasonable valuation
Posted by : msfinancesTracked by: 0 Boarder
May be it will also help the boaders if you can explain whats "reasonable valuation" is and your take on why its reasonable? I guess that will be more helful to naive investors like me.
Regards...
In reply to:
reasonable valuation
Posted by : msfinances
May be it will also help the boaders if you can explain whats \\\\\\\\\\\\\\\\
reasonable valuation
Posted by : msfinancesTracked by: 0 Boarder
May be it will also help the boaders if you can explain whats \\\\\\\\\\\\\\\\...
In reply to:
reasonable valuation
Posted by : vkk43
This share at present is avaiable at a reasonable valuation.
Silence before storm-Expect-Rs 150 Jan 09
Posted by : GuestTracked by: 0 Boarder
NEW DELHI (Reuters) - Gas importer Petronet LNG Ltd has signed a draft agreement with Exxon Mobil Corp to buy liquefied natural gas from Australia\\`s Gorgon project, Petronet\\`s chief executive said on Monday.
Prosad Dasgupta, who is also Petronet\\`s managing director, said the two companies agreed early last month on all details but pricing, and the deal should cover purchases of 2.5 million tonnes of LNG a year for a period of 25 years.
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reasonable valuation
Posted by : vkk43Tracked by: 0 Boarder
This share at present is avaiable at a reasonable valuation....
Petronet - Blind Buy
Posted by : neeguyaTracked by: 0 Boarder
earlier gas supply from RIL was the biggest factor in petronet LNG's future growth. but now its clear that RIL will not be able to fulfill all the demand. (RIL also planning to put their own power plants and fertilizer plants).
whatever the gas cost will be , still petronet LNG will get its share of profit out of that. so its a buy. pure buy for next 2 years....
In reply to:
Petronet - Blind Buy
Posted by : KJP
Petronet LNG is safe buy at around Rs. 60. Buy it for 2 year hold with a target of Rs. 200.
Petronet - Blind Buy
Posted by : KJPTracked by: 0 Boarder
Petronet LNG is safe buy at around Rs. 60. Buy it for 2 year hold with a target of Rs. 200....
Costlier Petronet gas to dig a hole (1)
Posted by : GuestTracked by: 0 Boarder
Power and fertliser companies purchasing re-gasified LNG from Petronet LNG Limited (PLL) should gear up to pay -4 per million metric British thermal unit (mmbtu) more from January next year.
This is because PLL’s price contract with its customers, including the Ratnagiri power project, to sell gas (R-LNG) at a uniform price of .8 per mmbtu and a delivered price of .83 per mmbtu (after including re-gasification, transportation and taxes) comes to an end in December 2008.
The new delivered price of R-LNG for PLL’s customers is estimated to range anywhere between .5 and 9 per mmbtu or even higher.
PLL currently sells 24.5 million metric standard cubic meters of gas per day to its consumers in the share of 46% to fertiliser, 37% to power and 17% to others, including petrochemical and LPG units.
The R-LNG being sold by PLL is currently being imported under two separate contracts with RasGas of Qatar. The first is a long-term contract for 25 years, where PLL is importing 5 million tonne a year (equivalent to 18 mmscmd of gas a day) of LNG.
The other contract (essentially entered for meeting the gas requirements of the Ratnagiri power project) is for 1.5 mtpa of LNG.
The term of this contract is for one year and ends on September 2008.
The price of gas under the first contract (signed in 2004) has been agreed at a fixed price of .54 per mmbtu (excluding re-gasification, transportation and taxes) for a period of 5 years, which ends in December 2008. Thereafter, although RasGas will continue supplying LNG to PLL for the next 20 years but the price of gas will shift from the fixed price regime to a formula-based pricing.
The new price of gas—under this formula—is linked with the average price of Japanese crude cocktail (JCC) in the last five years. As a result of this shift, the price of LNG will move up from the existing .54 per mmbtu.
As against the first contract, the price of LNG procured by PLL under its second (short-term) contract with RasGas is much higher at .5 per mmbtu.
...
Costlier Petronet gas to dig a hole into
Posted by : GuestTracked by: 0 Boarder
Power and fertliser companies purchasing re-gasified LNG from Petronet LNG Limited (PLL) should gear up to pay -4 per million metric British thermal unit (mmbtu) more from January next year.
This is because PLL’s price contract with its customers, including the Ratnagiri power project, to sell gas (R-LNG) at a uniform price of .8 per mmbtu and a delivered price of .83 per mmbtu (after including re-gasification, transportation and taxes) comes to an end in December 2008.
The new delivered price of R-LNG for PLL’s customers is estimated to range anywhere between .5 and 9 per mmbtu or even higher.
PLL currently sells 24.5 million metric standard cubic meters of gas per day to its consumers in the share of 46% to fertiliser, 37% to power and 17% to others, including petrochemical and LPG units.
The R-LNG being sold by PLL is currently being imported under two separate contracts with RasGas of Qatar. The first is a long-term contract for 25 years, where PLL is importing 5 million tonne a year (equivalent to 18 mmscmd of gas a day) of LNG.
The other contract (essentially entered for meeting the gas requirements of the Ratnagiri power project) is for 1.5 mtpa of LNG.
The term of this contract is for one year and ends on September 2008.
The price of gas under the first contract (signed in 2004) has been agreed at a fixed price of .54 per mmbtu (excluding re-gasification, transportation and taxes) for a period of 5 years, which ends in December 2008. Thereafter, although RasGas will continue supplying LNG to PLL for the next 20 years but the price of gas will shift from the fixed price regime to a formula-based pricing.
The new price of gas—under this formula—is linked with the average price of Japanese crude cocktail (JCC) in the last five years. As a result of this shift, the price of LNG will move up from the existing .54 per mmbtu.
As against the first contract, the price of LNG procured by PLL under its second (short-term) contract with RasGas is much higher at .5 per mmbtu.
However, the supplies of R-LNG from PLL to all its consumers are made at a uniform price of .83 per mmbtu (including re-gasification, transportation and taxes)—which has been arrived after pooling the prices of LNG procured by PLL under the two contracts with RasGas.
This was done under a directive from the government in March 2007, essentially to bring down the cost of gas supplies to Ratnagiri power project. As a result, supplies of R-LNG from PLL to all its consumers are currently being made at a uniform pooled price of .83 per mmbtu. It is this delivered price of LNG which will go up by -4 per mmbtu from January 2009.
PLL is currently engaged in discussions with RasGas for renewing its second LNG contract for 1.5 mtpa.
It may be noted that whatever be the price of LNG procured by PLL under the contract (other than spot cargoes), it will be pooled with the existing LNG price.
In addition to these two contracts, PLL also has another LNG contract with RasGas for 2.5 mtpa. Supplies under this contract will commence from December 2009.
Asked to comment, petroleum ministry officials said although the new price would be substantially higher than the existing price of .83 per mmbtu, this needs to be seen in the light of the ruling spot LNG prices of around -18 per mmbtu.
Following an unprecedented spurt in crude oil and gas prices, PLL has stopped buying spot LNG cargoes for over a year now.
In contrast, Royal Dutch Shell continues to procure spot LNG cargoes at prices close to -18 per mmbtu for re-gasification at its Hazira terminal and there are buyers for the fuel even at this price.
On the other hand, Reliance Industries Limited—which has stuck huge gas finds in its D6 block in the KG basin is expected to start gas production from September this year and the price of gas (minus the transportation and taxes) will be .2 per mmbtu for a period of five years. RIL is expected to initially sell around 40 mmscmd of gas, taking it up to 80 mmscmd.
However, a substantial part of RIL’s initial gas production is currently under litigation with NTPC and the Anil-Ambani promoted Reliance Natural Gas Resources (RNRL).
Both NTPC and RNRL have staked claims over the entire initial quantity, thereby restricting RIL to sell this gas to other consumers.... ...
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