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Way to go c2, I might pick up some more as well. Let’s see how next few days evolve. Atb
Percy
My advice would be buy as many as you can
Things are starting to fall into place
Cambay is ready to produce after a 3yr deadlock
Also new carbon capture projects been mentioned
Wouldn’t be surprised to see multiple sp rises hopefully for Xmas
Where could this SP go with the right news
I might wait a little longer as Gordon is doing a good job with the price drop.
All the best, swing traders unite :()
I think Percy is Gordon and jbeadle ????
Lol
Bmdjf. I’m too long in the tooth to be making several accounts to my own benefit. Atb.
Ha Gordon
Me Researcher in Chief, that made me laugh :)
Afraid Im busy in the real world but Ive told everyone a few weeks back what my holding is and at what price.
My moneys on that Pre-Feasibility Report report from April 2019 , the old school know what i am on about.
Might take a few years but that what im betting on.
Of course given the real world a plan is one thing but delivering its another so I guess thats why Roland get paid.
Gla
Got to say I'm pleasantly surprised at the small drop today. Maybe it means news is still on the way.
Hi Callum. Don't know if you watch " Pointless" but your other alias " V for Vendetta" was a pointless answer in the final round the other day.
The category was John Hurt films. Atb.
Don’t worry Gordon!
Plenty more days for SP to drift.
Give it some of your dilution talk and cash burn - that always helps.
All the best, better not leave your entry late though! :()
What are you on about Percy? I don't want it to drift. I already have as much as I want, at the moment. I would be delighted if it went up. I don't believe I have mentioned cash burn or dilution for yonks, but since you insist. Cash burn is always a fact of life and further dilution may or may not be necessary with Roland at the helm. Gla.
So you’re saying you are now back in?
Roger that - nice dip and in she goes.
It’s a buy signal from Gordon!
All the best, you will be a little rampy tomorrow? :()
Percy. Read my post at 09.41 where I gave a summary of my history here. I have been back in for months. Atb.
Are you sure?
What about topping up on the dips?
Seems odd to try and put me off making a entry when yet you hold shares….
All the best, nothing wrong with swinging though is there? Though manipulative speech is a little shall we say naughty? :()
Yuri. Have you finally lost the plot?That post incomprehensible. Lol.
Ah. Been there. Done that, and bought the t shirt.
Lol.
Gordon Your right about "pointless " it's a good game .
Personally I like Bond movies better more Drama and excitement for an "old oilex Dog " like me ;)
https://vimeo.com/364436462
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Indian Oil and Gas - Upstream - Rising tide lifts all boats - HDFC Securities
Posted On: 2021-09-29 16:46:45 (Time Zone: UTC)
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Mr. Harshad Katkar, Institutional Research Analyst, HDFC Securities
Rising domestic gas supply and improvement in oil and gas realisation should drive upstream companies' earnings growth and valuations. We estimate APM gas price to be revised upwards by over 60% to ~USD 3/mmbtu in H2FY22, and further by over 45% to >USD 4/mmbtu in H1FY23. We believe Brent crude price, currently at >USD 75/bbl, should remain elevated, as OPEC supply growth is likely to lag global demand growth. We estimate 3% CAGR oil & gas production growth and 28% CAGR improvement in realisation for ONGC and OIL over FY21-23E should drive earnings growth of up to 30-45% CAGR (FY21-FY23E). Further, it should lead to stock price upside potential of over 26-36% for ONGC and OIL. On FY23E, ONGC is trading at a PER of 3.8 and OIL is trading at 3.1 PER.
Oil price to remain elevated over the medium term: Brent crude price is currently at >USD 75/bbl, up 47% YTD, driven by recovery in global demand with opening up of economies. The US was hit by Hurricane Ida in Jul end, which has resulted in disruption of production from Gulf of Mexico (GoM) of ~1.7mb/d in Aug. The IEA expects supply from GoM to normalise by Q4CY22. With crude oil and product inventory in lower half of the five-year range and EIA estimating global crude oil supply growth to lag demand growth in 2021 as economy global recovery continues to gather pace, we see an upside risk to crude oil prices.
Domestic gas prices to witness a sharp jump: We estimate the domestic APM gas price to be revised upwards by over 60% to ~USD 3/mmbtu in H2FY22, and further by over 45% to >USD 4/mmbtu in H1FY23 from current price of USD 1.79/mmbtu. The APM gas price, which is currently at a decadal low, should rise sharply, supported by firming up of global gas prices post unlocking of economies and the current shortage of supply in Europe ahead of the winter season.
Improving realisation to benefit upstream companies: We expect, in FY23E, ONGC (standalone) to produce 23.0 mmt of oil and 24.8 bcm of gas, and OIL to produce 3.2 mmt of oil and 2.6 bcm of gas. Increasing gas prices and rising Brent crude oil price should improve realisation and in turn drive earnings CAGR of 30-54% over FY21-FY23E for ONGC and OIL. ONGC should also benefit from increase in gas production by up to 12mmscmd over FY21-25E as production from its KG basin blocks. Every USD10/bbl change in oil price realisation changes ONGC's FY23E earnings by INR 7.2/share (19.5%) and OIL's FY23E earnings by INR 8.0/share (11.3%). Every USD1/mmbtu change in gas price re