ONLY 5% TRADERS MAKE MONEY IN INDIA STOCK MARKETS. lEARN THE ART OF MAKING MONEY IN INDIAN STOCK MARKETS WITH REAL TRADERS. STOP RUNNING AFTER TIPSTER/STOCK ADVISORS WHO ARE MORE INTERESTED IN YOUR SUBSCRIPTION MONEY. GO TO WWW.YOUTUBE.COM AND SEARCH "SOKHI TEAM" SEE ALL THE VIDEOS OF REAL TRADERS MAKING REAL MONEY. CALL US AT +919239176426 FOR FURTHER QUERIES

.

.

.

.

Friday, May 8, 2009

ONGC's exit plans, stock up !! SOKHI :-)

Oil and Natural Gas Corporation (ONGC) is planning to exit Cairn India's Rajasthan oilfields. The company finds the project economically unviable due to government levies. As per licence conditions for the Rajasthan block, ONGC has the right to take 30% in any discovery without any cost. However, it also has to pay the entire royalty. The royalty to be paid by the company is more than the value of the 30% production it will receive from the fields, thus making it unviable. Cairn is ready to start production from these fields by this month end and is slated to reach a peak of 175,000 barrels of oil per day (bopd) by 2011. The stock, along with Cairn, is trading firm.

Cairn was recommended to SOKHIPAID MEMBERS at 206 levels CMP Rs 223/-.

Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

DISCLAIMER

All the advises,calls,tips and predictions are neither an offer nor a solicitation to purchase or sell securities.The information and views given by writer is believed to be reliable but no responsibility (liability) is accepted for error of facts and opinion.Writer may be trading in or having positions in stock markets.