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Siddhartha
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Joined: 03/Sep/2006
Location: India
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Posts: 108
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   Posted: 25/Sep/2008 at 12:01pm |
I read an interview of Professor economist, who is oil expert and he is saying production cost of oil is around 20 $.
It is all about restriction of supply, which makes oil around 100 $.
He was expacting oil prise around 90-110 $ in future.
Gas is generally cheper than oil.
There must be huge benefit for RIL from this gas, because they are giving too much weightage.
Even when they first found gas in KG Basin, Dhirubhai was in hospital for routine checking and Mukesh informed his father in night at 3 O' clock about this findings.
"Dhirubhai chota hath kab marthe the?"
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Vivek Sukhani
Senior Member
Joined: 23/Jul/2006
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Posts: 6675
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Posted: 25/Sep/2008 at 12:02pm |
check, if they are the cheapest. Many refineries are coming in Middle East....
Can anyone put up the reserve estimate for RIL and stack it against ONGC and OVL and OIL.
The thing is ONGC doesnt make so much noise about its oil and gas finds, otherwise in oil E & P, ONGC is leader by a huge margin.
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Jai Guru!!!
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kanagala
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Joined: 31/Mar/2007
Location: India
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Posts: 1229
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Posted: 25/Sep/2008 at 3:57am |
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Shell went under SEC scanner when they declared gas reserves are significantly less than what they were mentioned a year back.
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While one person hesitates because he feels inferior, the other is busy making mistakes and becoming superior.
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Rinku
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Joined: 06/Apr/2007
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Posts: 313
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Posted: 26/Sep/2008 at 6:25pm |
Originally posted by CHINKI
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??? |
Chinkiji this might be true.But I guess prices are still high and copanies would still like to find oil if they can...
And I believe that human race will finish every last drops of Oil...
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CHINKI
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Joined: 07/Feb/2007
Location: India
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Posts: 2827
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Posted: 26/Sep/2008 at 9:42pm |
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As of now there is no suitable alternative to oil. Till that happens, there will be demand for oil.
Question is will it fetch $100 per brl.?? The need to to drill more & more wells will not be there in case the demand comes down??
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TOUGH TIMES NEVER LAST, BUT TOUGH PEOPLE DO
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Vivek Sukhani
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Joined: 23/Jul/2006
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Posted: 26/Sep/2008 at 11:34pm |
forget oil, but Is RJ still on Aptech's board.....?????
anyone looking at how Aptech is behaving as a stock?
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Jai Guru!!!
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basant
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Joined: 01/Jan/2006
Location: India
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Posts: 18403
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Posted: 26/Sep/2008 at 5:46am |
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Aptech is still owed by him and when IT slows down how can the training institutes ramp up. Its rather strange that inspite of being bearish on IT the big bull continues to back the training institutes. Ca, air hostess training makes a small percentage of turnover which is predominently IT based in India, China and other countries.
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Vivek Sukhani
Senior Member
Joined: 23/Jul/2006
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Posts: 6675
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Posted: 26/Sep/2008 at 9:59am |
Originally posted by basant
Aptech is still owed by him and when IT slows down how can the training institutes ramp up. Its rather strange that inspite of being bearish on IT the big bull continues to back the training institutes. Ca, air hostess training makes a small percentage of turnover which is predominently IT based in India, China and other countries. |
The thing is, these service companies dont have the strength of the assets which manufacturing companies. Perhaps the only asset strength I can visualise is that of net cash on the balance sheet, something which an INFY and a TCS, has lots of it. Is APTECH, very rich on net-cash basis?
In this kind of a market, asset-poor companies can get lynched to death.....so, mid-IT and small-IT and ITES companies may be in for a very tough ride and its only the promoters who can save the stocks from getting the company knocked out......
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Jai Guru!!!
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