Once RIL's Oil/gas starts coming to the market and the drop of crude below $100 will not affect this company's future earnings??

Well, at the moment, I dont know what else is software driving, but at least its driving the investors in software companies mad.....

Originally posted by CHINKI Once RIL's Oil/gas starts coming to the market and the drop of crude below $100 will not affect this company's future earnings??

Originally posted by Vivek Sukhani It all depends upon at what cost they are producing oil.

I don't have the figure. But if Reliance are doing, then it will be chepest.

In the case of RPL, their Refinery Margins are the highest in this part of the world.

So their cost of production will be less as they will be using the latest technology and they build huge capacities.

Lot of companies which are using Furnace Oil, Diesel and Naptha for different purposes will shift to LNG/CNG which is cheaper and cleaner fuel.

My argument is since US is expected to goto recession and our demand for oil coming down, will it not all these companies connected with Oil exploration will have tough time???