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Cairn India
Kalwani: Windfall profit tax inapplicable
Posted by :
g_kalwaniTracked by: 0 Boarder
7 Aug 2008 Int\\`l Court of Justice (ICJ) handles disputes only between
nations and its orders/rulings are NOT enforceable; particularly USA
chooses to ignore its rulings often.Cairn is NOT allowed to sue at
ICJ. But I do believe Cairn price will go sky high particularly if
new discovery in India or SriLanks is announced....
In reply to:
Kalwani: Windfall profit tax inapplicable
Posted by :
readarticle
Thats very true. You can't just tax as ur will only because that 2 Dhotis (Amar singh and M singh) wants it. Those buggers who have no clue on business and no will to do good wants to tax oil companies.
Anaylsts have clearly mentioned that as per NELP contracts there is no provision for tax on oil as govt also gets the profit share and u can't modify the contract now.
These contracts are based on international contracts and if any modifications read have to be fought in International court of justice.
So buy as much as u can. 
CAIRN INDIA - Target -Aug end- ????
Posted by :
RamkiTracked by: 0 Boarder
I don't think cairn will not touch 300 levels in the near term if crude stays below 120$per barrel......On the other hand if crude goes up other stocks will suffer and the whole sensex and nifty will suffer.....So it's upto take a own call by individuals........Regards...
In reply to:
CAIRN INDIA - Target -Aug end- ????
Posted by : retrobroker
I Feel there is a lot of upside in this stock... wait and watch sure to be around 300 by end of this month.....any views..
CAIRN INDIA - Target -Aug end- ????
Posted by : retrobrokerTracked by: 0 Boarder
I Feel there is a lot of upside in this stock... wait and watch sure to be around 300 by end of this month.....any views.....
www.multibaggerstockadvisor.blogspot.com
Posted by : GuestTracked by: 0 Boarder
that expert seems to be a guy named Kalwani??? ...
In reply to:
www.multibaggerstockadvisor.blogspot.com
Posted by : Guest
for trading in this volatile market expert backing is required.
www.multibaggerstockadvisor.blogspot.com
Posted by : GuestTracked by: 0 Boarder
for trading in this volatile market expert backing is required....
Cairn
Posted by : g_kalwaniTracked by: 0 Boarder
6 Aug 2008 Zero impact on cairn share price. Big rich malaysian
and singapore people are supporting cairn; indian MFs etc are
coward "skunks" in comparison to malays and singaporeans. That is
the name of the game; remain invested and donot pay attention to
daily fluctuations; any stock can not go higher and higher daily
basis. Longterm bet is Cairn ...
In reply to:
Cairn
Posted by : atmaram
With crude prices softening, how much of an impact should one expect on the share price of Cairn, even considering the fact that the company operations are picking up.
Kalwani: Even pb crude will make money
Posted by : g_kalwaniTracked by: 0 Boarder
6 Aug 2008 Cairn will make lot of money
no doubt; share price will zoom if any
new discovery is announced; I\\`m sure
there will be quite large discovery of
oil by Cairn in near future. It\\`s got
the right/experienced oilmen to discover oil....
Cairn energy target = 270....
Posted by : pkjattkingTracked by: 1 Boarder
hahahaha...... what a joke.... this mkt man realy is...... biggest joker around on this site............
In reply to:
Cairn energy target = 270....
Posted by : Guest
I have noticed that whenever MFs gave a buy call on this stock it has fallen. Infact it is the MFs who have dumped in hoardes. Therefore expect it to come down further - atleast 210 levels - since MFs have once again asked the common man to get in.
No doubt this is a very good stock in the long run.
Cairn
Posted by : atmaramTracked by: 0 Boarder
With crude prices softening, how much of an impact should one expect on the share price of Cairn, even considering the fact that the company operations are picking up....
Kalwani: Windfall profit tax inapplicable
Posted by : readarticleTracked by: 0 Boarder
Thats very true. You can't just tax as ur will only because that 2 Dhotis (Amar singh and M singh) wants it. Those buggers who have no clue on business and no will to do good wants to tax oil companies.
Anaylsts have clearly mentioned that as per NELP contracts there is no provision for tax on oil as govt also gets the profit share and u can't modify the contract now.
These contracts are based on international contracts and if any modifications read have to be fought in International court of justice.
So buy as much as u can. ...
In reply to:
Kalwani: Windfall profit tax inapplicable
Posted by : g_kalwani
5 Aug 2008 Cairn will sue in court for
breach of contract if windfall tax and
keep in mind Cairn\\`s oil production is
100% tax free; whatever tax Cairn is paying now is on previous non-NELP contracts and on Gas because Gas production is taxable but oil production is NOT particularly NELP
under which Cairn has contract.
Forget about mutual funds saying this
and that; use your own judgment:
if your operation were 100% untaxable, would not you make money?
Kalwani: Windfall profit tax inapplicable
Posted by : g_kalwaniTracked by: 0 Boarder
5 Aug 2008 Cairn will sue in court for
breach of contract if windfall tax and
keep in mind Cairn\\`s oil production is
100% tax free; whatever tax Cairn is paying now is on previous non-NELP contracts and on Gas because Gas production is taxable but oil production is NOT particularly NELP
under which Cairn has contract.
Forget about mutual funds saying this
and that; use your own judgment:
if your operation were 100% untaxable, would not you make money?...
Kalwani: Oil deman is NOT going to fall
Posted by : g_kalwaniTracked by: 0 Boarder
5 Aug 2008 despite what some boarders
say. Demand is NOT becz china olympics
etc.Demand is 2m per year more cars are being added in world markets (while
I use my pedal power!)and a host of other industrial demand because consumers are really living it up and
consuming whatever comes their way !
If demand at all fall say by 5% ( which
is unthinkable; I donot think it will
fall at all) the Arabs can cut back
production by 50% since now they know
oil is better in the ground and that
oil can fetch 0pb. I think oil will
reach 0pb my 1 Jul 2009. It was I
who wrote to FIPB of India in 2000
that oil is better in the ground
that oil is going to reach 0 pb and
that GoI should not dole out national
assets like oil etc to foreigners
and private players but GoI chose to
disregard me(in 2000 oil was 0pb
and no one could have made such a pre-
diction as I did; my email should be
with ubsingh at nicOOTin as proof of it;
absolutely no one including Goldmach
Sachs etc could have predicted at that
time that oil will reach 0plus)
I think oil will be 0 pb by end 2012.
Donot wait for Cairn to fall; quickly
cover your requirements
...
Cairn energy target = 270....
Posted by : jay08Tracked by: 1 Boarder
Think over it!
Though all commodities including Oil is in long term uptrend ,
Demand destruction is being observed in mature economies due to their slow down . It is also expected in China after Olympics .So, many are expecting oil to touch $100 per barrel by the year end. If this really happens , expect Cairn[I]to correct drastically.
...
In reply to:
Cairn energy target = 270....
Posted by : Guest
I have noticed that whenever MFs gave a buy call on this stock it has fallen. Infact it is the MFs who have dumped in hoardes. Therefore expect it to come down further - atleast 210 levels - since MFs have once again asked the common man to get in.
No doubt this is a very good stock in the long run.
Cairn energy target = 270....
Posted by : GuestTracked by: 1 Boarder
I have noticed that whenever MFs gave a buy call on this stock it has fallen. Infact it is the MFs who have dumped in hoardes. Therefore expect it to come down further - atleast 210 levels - since MFs have once again asked the common man to get in.
No doubt this is a very good stock in the long run. ...
In reply to:
Cairn energy target = 270....
Posted by : marketman
Kalwani,good to keep orders like that when we are comfortably bullish on counters.... but it is always better to take oppurtunities whenever scrips fall deeply.... i mean, we should be in position to add more if the scrips fall suddenly due to any reason....
Cairn energy target = 270....
Posted by : marketmanTracked by: 1 Boarder
Kalwani,good to keep orders like that when we are comfortably bullish on counters.... but it is always better to take oppurtunities whenever scrips fall deeply.... i mean, we should be in position to add more if the scrips fall suddenly due to any reason.......
In reply to:
Cairn energy target = 270....
Posted by : g_kalwani
4-08-2008 waiting for "dips" is stressful; instead take a dip i.e
buy immediately at market price no matter what. That is what I do.
When the share was available at Rs240, I put in price of Rs241/- and
even before I could change the monitor screen,my order was confirmed at Rs240! leaving behind all others and price soon advanced
to Rs242
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