Showing posts with label Crude Updates. Show all posts
Showing posts with label Crude Updates. Show all posts
Monday, September 22, 2008
Friday, September 19, 2008
Thursday, September 18, 2008
Wednesday, September 17, 2008
Reliance to start pumping gas in Nov 208 from KG Basin
Reliance Industries Ltd is expected to start pumping gas in November from its deep-water field off India's east coast, up to a month later than the government's previous forecast, a top official said.
"Most likely in November, maybe by end of November. Testing is going on. Maybe in three-four days we will be able to tell you the date,"the country's upstream regulator, V.K. Sibal, told reporters on the sidelines of a conference on Wednesday.
He said the company would initially pump 15 million metric standard cubic metres a day (mmscmd) of gas from its field in the Krishna Godavari Basin and was likely to ramp up output to 40 mmscmd by February.
On Sept. 1, Petroleum Secretary R.S. Pandey said gas production would begin by the end of October.
Sibal said Reliance's oilfield in the same basin would start production by the end of this month with an initial output of 10,000-15,000 bpd, which would be raised to about 40,000 bpd after drilling of more wells.
He did not say when oil production would rise, but added: "It will be very soon if rigs are available."
Share's of Reliance were down 1.9 percent at 1,890 rupees at 0651 GMT, while the benchmark index had fallen nearly 1 percent.
Friday, September 5, 2008
Wednesday, September 3, 2008
Reports of the Day / Stock Picks / Investment Ideas / Market News
ONGC Acquisition Note
ONGC CIti
Punj Lloyd Initiating Cover age
Shipbuilding sector report
Tata steel Ltd.
RayBan Limited
Weekly Stock P icks by India Infoline
BILT Tower Capital Report
Cairn India Macquaire
Calls of the Month
Calls of the Month2
Cement Monthly Update
Indian Steel Sector Macquarie
Hem Orient
Warren Buffetts - Ebook
ONGC CIti
Punj Lloyd Initiating Cover age
Shipbuilding sector report
Tata steel Ltd.
RayBan Limited
Weekly Stock P icks by India Infoline
BILT Tower Capital Report
Cairn India Macquaire
Calls of the Month
Calls of the Month2
Cement Monthly Update
Indian Steel Sector Macquarie
Hem Orient
Warren Buffetts - Ebook
Top Nano vendors may follow Tatas out of Singur
The ongoing impasse at Singur is making Tata Motors’ top vendors extremely antsy, prompting plans of either a pullout or a significant scaling down of operations in West Bengal.
Even before the company officially announced suspension of construction and commissioning work at Singur on Tuesday evening (ET had reported that Tatas would take a decision on the pullout within a fortnight in the issue dated August 26), a section of Nano vendors had indicated that they were planning to either shift to another Tata Motors’ plant location or substantially scale down their presence at Singur.
Bengal stands to lose not just the mother plant but 56 ancillary units and the jobs they would create as well. The agitation has also resulted in the scaling down of Nano targets for this calendar year.
Sources say that the earlier target was to hit around 50,000 units between October and December but now that has been scaled down to a mere 5000-6000 units for the same period. Tata Motors has never officially announced its production or sales targets though the Singur plant was to have started with 250,000 units, to be scaled up to 350,000 units.
According to sources in the auto industry, the fiveday standoff at Singur has made vendors extremely apprehensive. Tata Motors has reportedly asked its vendors to keep a back-up plan ready when the stalemate seemed set for a long haul. Many of the vendors for Tata Motors’ Nano car have manufacturing facilities at Pantnagar and are suppliers for Tata Motors’ small truck ACE, which is manufactured there.
As a result Pantnagar is emerging as the favourite Plan B option for most big vendors. Says a top Nano supplier which is putting up a significant facility at the supplier park in Singur, “We are looking at phasing our investments there. As of now, if we have to, we will put in only investments required for the trim that will debut first. Later trims and their investments could well go to alternative sites like Pantnagar.”
What helps is that most of them already have land in Pantnagar. “We will move with the Tatas. We will go wherever they go. We are supplying them critical engine parts for Nano. It is a very sensitive component and we had planned to supply it from our Gurgaon plant for the first year till our plant came on stream at Singur. We also have taken land at Pantnagar, which is independent of Tata Motors’ facilities and in an eventuality, we could commence production from Pantnagar if required,” said a Delhibased Nano supplier.
Another supplier, which is supplying electric components and switches, is heading for Pantnagar too. “We have not been officially asked yet, but there are feelers to look at alternate production sites. We have a small manufacturing facility at Pantnagar and another one in Pune. We would supply Tata Motors from both of these facilities for Nano and its other product in future,” said the supplier.
The vendor park at Singur was supposed to house 56 Nano suppliers. Some of them had started construction work and others were just about starting, depending of the nature of the components they supply. Tata Motors has consistently maintained that the Nano production model is such that the vendors and the company have to be contiguous.
Governor agrees to play mediator
IT might prove all in vain. But even as Tata Motors announced late on Tuesday evening its decision to suspend work at Singur coupled with plans to relocate the Nano factory, West Bengal governor Gopal Krishna Gandhi agreed to don the mediator's hat between the state government and opposition Trinamool Congress to save Singur.
It might just prove a trifle late in the end. Be that as it may, Raj Bhavan circles confirmed, "The governor has made the decision known to chief minister Buddhadeb Bhattacharjee during his talks with the latter on Tuesday evening. The request had come from the Trinamool Congress leadership earlier in the day.
A senior bureaucrat of the state government said, "The decision has come at a time when the governor himself had started taking the initiative to resolve the impasse. He had held several rounds of talks with both the chief minister and the leader of the Opposition for the past few days.”
Even before the company officially announced suspension of construction and commissioning work at Singur on Tuesday evening (ET had reported that Tatas would take a decision on the pullout within a fortnight in the issue dated August 26), a section of Nano vendors had indicated that they were planning to either shift to another Tata Motors’ plant location or substantially scale down their presence at Singur.
Bengal stands to lose not just the mother plant but 56 ancillary units and the jobs they would create as well. The agitation has also resulted in the scaling down of Nano targets for this calendar year.
Sources say that the earlier target was to hit around 50,000 units between October and December but now that has been scaled down to a mere 5000-6000 units for the same period. Tata Motors has never officially announced its production or sales targets though the Singur plant was to have started with 250,000 units, to be scaled up to 350,000 units.
According to sources in the auto industry, the fiveday standoff at Singur has made vendors extremely apprehensive. Tata Motors has reportedly asked its vendors to keep a back-up plan ready when the stalemate seemed set for a long haul. Many of the vendors for Tata Motors’ Nano car have manufacturing facilities at Pantnagar and are suppliers for Tata Motors’ small truck ACE, which is manufactured there.
As a result Pantnagar is emerging as the favourite Plan B option for most big vendors. Says a top Nano supplier which is putting up a significant facility at the supplier park in Singur, “We are looking at phasing our investments there. As of now, if we have to, we will put in only investments required for the trim that will debut first. Later trims and their investments could well go to alternative sites like Pantnagar.”
What helps is that most of them already have land in Pantnagar. “We will move with the Tatas. We will go wherever they go. We are supplying them critical engine parts for Nano. It is a very sensitive component and we had planned to supply it from our Gurgaon plant for the first year till our plant came on stream at Singur. We also have taken land at Pantnagar, which is independent of Tata Motors’ facilities and in an eventuality, we could commence production from Pantnagar if required,” said a Delhibased Nano supplier.
Another supplier, which is supplying electric components and switches, is heading for Pantnagar too. “We have not been officially asked yet, but there are feelers to look at alternate production sites. We have a small manufacturing facility at Pantnagar and another one in Pune. We would supply Tata Motors from both of these facilities for Nano and its other product in future,” said the supplier.
The vendor park at Singur was supposed to house 56 Nano suppliers. Some of them had started construction work and others were just about starting, depending of the nature of the components they supply. Tata Motors has consistently maintained that the Nano production model is such that the vendors and the company have to be contiguous.
Governor agrees to play mediator
IT might prove all in vain. But even as Tata Motors announced late on Tuesday evening its decision to suspend work at Singur coupled with plans to relocate the Nano factory, West Bengal governor Gopal Krishna Gandhi agreed to don the mediator's hat between the state government and opposition Trinamool Congress to save Singur.
It might just prove a trifle late in the end. Be that as it may, Raj Bhavan circles confirmed, "The governor has made the decision known to chief minister Buddhadeb Bhattacharjee during his talks with the latter on Tuesday evening. The request had come from the Trinamool Congress leadership earlier in the day.
A senior bureaucrat of the state government said, "The decision has come at a time when the governor himself had started taking the initiative to resolve the impasse. He had held several rounds of talks with both the chief minister and the leader of the Opposition for the past few days.”
Reports of the Day / Stock Picks / Investment Ideas / Market News
ONGC Acquisition Note
ONGC CIti
Punj Lloyd Initiating Cover age
Shipbuilding sector report
Tata steel Ltd.
RayBan Limited
Weekly Stock P icks by India Infoline
BILT Tower Capital Report
Cairn India Macquaire
Calls of the Month
Calls of the Month2
Cement Monthly Update
Indian Steel Sector Macquarie
Hem Orient
Warren Buffetts - Ebook
ONGC CIti
Punj Lloyd Initiating Cover age
Shipbuilding sector report
Tata steel Ltd.
RayBan Limited
Weekly Stock P icks by India Infoline
BILT Tower Capital Report
Cairn India Macquaire
Calls of the Month
Calls of the Month2
Cement Monthly Update
Indian Steel Sector Macquarie
Hem Orient
Warren Buffetts - Ebook
Things to avoid in choppy mkts
Insulate the retail investor
With the economy expected to grow at 7.5 -8 %, there’s no reason why a long-term investor should not enter the market at every fall.
The continuous decline in stock prices over the last few months has adversely impacted corporates, insurance companies, financial services firms and mutual funds, amongst others. But these are players who, perhaps, have the wherewithal to withstand such declines .
This may not, however, be true of the small investor — the individual investing modest sums for a house, daughter’s marriage , retirement and others.
Should then the small investors rush for the sidelines? Or should they view this as a buying opportunity and plough more money into the market? A none too distant survey by an international management school had majority of the experts surveyed saying an emphatic ‘neither’ to the question.
Avoid extremes - fear & greed
This being the consensus , let us ponder on how we can insulate the retail investor. These are not nuggets of wisdom which has remained hidden so far. These are the time tested prescriptions.
August-September 2007 had been the investor’s delight due to the booming IIP numbers , 8.5% GDP expectations and the sub 5% inflation. The markets had reached a zenith on hope, and greed prevented investors from selling . The party poopers arrived in the form of a steep rise in crude prices, lingering and massive subprime mess in the US financials and the recent spike in domestic inflation.
With fear gripping the markets in the changed scenario of continuing volatility and short-term bearish outlook, investors should take a balanced view and refrain from extremes — greed (the reckless pursuit of short-term gains) and fear (a substantial reduction in risk taking).
Avoid timing the market
The volatility associated with the see-saw battle between bulls and bears is unlikely to declare the winner in the near term.
Under such circumstances, long-term investors should avoid the temptation of timing the market by selling defensively at the top and buying at lower levels.
Let us avoid hypocrisy. Even though everybody agrees on the futility of timing the markets, most of us still try to do it with dangerous consequences.
Look long-term
Keep off worst-hit sectors
Investors should avoid getting emotionally attached to sectors which are expected to be laggards in the medium term, eg. the rising crude prices are likely to hamper the profitability of the airline industry.
Similarly, in the rising interest rate scenario, one would be well advised to temporarily avoid interest rate sensitives like auto and realty and should use every rally to lighten their commitments.
Avoid exiting the markets
One should systematically build one’s portfolio by accumulating stocks at various falls across time instead of deploying the entire cash in one go.
The same methodology should also be followed while booking profits.
Investors have traditionally ended up buying near peaks and exiting near bottoms.
A case in point is the TMT sector which was deserted by investors after the dotcom bubble burst in March 2000, only to find the sector rebounding in March 2003 when equities began to rally.
Don't put all eggs in one basket
With the indexes swinging up and down, steady performers in solid sectors remain the best bet.
But this isn’t to say that one should completely avoid mid-cap stocks and switch everything to large caps.
One should keep in mind that mid-cap stocks should be a part of any balanced portfolio, regardless of the current economic picture.
Their growth potential is simply too great to ignore. Amongst the mid caps stocks, one should look for stocks with high insider ownership, strong balance sheet, solid business model and a compelling valuation.
De-risk by mix
The current bearishness is likely to attract new-comers who had missed the previous bull run. One of the hardest things for them would be identify the right picks in the market mayhem.
Hence, avoid direct exposure to equities and instead participate via good quality mutual fund schemes as equity investments are a full-time activity backed by research and analysis.
The ongoing global crisis and the domestic economic situation have made it difficult to take short-term call. We don’t foresee an adverse change in the fundamentals of the Indian economy and still believe that the economy is likely to maintain a stable growth rate of 7.5% upwards over the next three years.
With the economy expected to grow at 7.5 -8 %, we see no reason why a long-term investor should not enter the market at every fall.
With the economy expected to grow at 7.5 -8 %, there’s no reason why a long-term investor should not enter the market at every fall.
The continuous decline in stock prices over the last few months has adversely impacted corporates, insurance companies, financial services firms and mutual funds, amongst others. But these are players who, perhaps, have the wherewithal to withstand such declines .
This may not, however, be true of the small investor — the individual investing modest sums for a house, daughter’s marriage , retirement and others.
Should then the small investors rush for the sidelines? Or should they view this as a buying opportunity and plough more money into the market? A none too distant survey by an international management school had majority of the experts surveyed saying an emphatic ‘neither’ to the question.
Avoid extremes - fear & greed
This being the consensus , let us ponder on how we can insulate the retail investor. These are not nuggets of wisdom which has remained hidden so far. These are the time tested prescriptions.
August-September 2007 had been the investor’s delight due to the booming IIP numbers , 8.5% GDP expectations and the sub 5% inflation. The markets had reached a zenith on hope, and greed prevented investors from selling . The party poopers arrived in the form of a steep rise in crude prices, lingering and massive subprime mess in the US financials and the recent spike in domestic inflation.
With fear gripping the markets in the changed scenario of continuing volatility and short-term bearish outlook, investors should take a balanced view and refrain from extremes — greed (the reckless pursuit of short-term gains) and fear (a substantial reduction in risk taking).
Avoid timing the market
The volatility associated with the see-saw battle between bulls and bears is unlikely to declare the winner in the near term.
Under such circumstances, long-term investors should avoid the temptation of timing the market by selling defensively at the top and buying at lower levels.
Let us avoid hypocrisy. Even though everybody agrees on the futility of timing the markets, most of us still try to do it with dangerous consequences.
Look long-term
Investors with a long-term horizon should avoid getting despondent with the shortterm moves/ aberrations in the equity markets .
The present volatility on low volumes seems to be a temporary phase and we expect the markets to improve, albeit after a few months, once the disturbing factors settle down.
Investors should use this phase to finetune their portfolio and avoid taking shortterm trading calls.
The current valuation provides them an excellent opportunity to selectively cherry-pick value stocks across sectors.
Investors should avoid getting emotionally attached to sectors which are expected to be laggards in the medium term, eg. the rising crude prices are likely to hamper the profitability of the airline industry.
Similarly, in the rising interest rate scenario, one would be well advised to temporarily avoid interest rate sensitives like auto and realty and should use every rally to lighten their commitments.
Avoid exiting the markets
One should systematically build one’s portfolio by accumulating stocks at various falls across time instead of deploying the entire cash in one go.The same methodology should also be followed while booking profits.
Investors have traditionally ended up buying near peaks and exiting near bottoms.
A case in point is the TMT sector which was deserted by investors after the dotcom bubble burst in March 2000, only to find the sector rebounding in March 2003 when equities began to rally.
Don't put all eggs in one basket
With the indexes swinging up and down, steady performers in solid sectors remain the best bet.
But this isn’t to say that one should completely avoid mid-cap stocks and switch everything to large caps.
One should keep in mind that mid-cap stocks should be a part of any balanced portfolio, regardless of the current economic picture.
Their growth potential is simply too great to ignore. Amongst the mid caps stocks, one should look for stocks with high insider ownership, strong balance sheet, solid business model and a compelling valuation.
De-risk by mix
The current bearishness is likely to attract new-comers who had missed the previous bull run. One of the hardest things for them would be identify the right picks in the market mayhem.
Hence, avoid direct exposure to equities and instead participate via good quality mutual fund schemes as equity investments are a full-time activity backed by research and analysis.
The ongoing global crisis and the domestic economic situation have made it difficult to take short-term call. We don’t foresee an adverse change in the fundamentals of the Indian economy and still believe that the economy is likely to maintain a stable growth rate of 7.5% upwards over the next three years.
With the economy expected to grow at 7.5 -8 %, we see no reason why a long-term investor should not enter the market at every fall.
Tuesday, September 2, 2008
Reports of the day - Stock Picks / Market Updates
Anagram Weekly Stock Pick
Bilt Towers
Visa Khandwala
Stock Picks
Weekly Stock Picks - ICICI Direct
Factor that Affects the US Dollar
Gujarat Alkali
High Noon Sharekhan
ICICI Direct Daily Derivatives
JP Associate by EDEL
Larson & Tubro
Banking Sector Updates
Chennai Petro - Stock Pick
CLSA Market Updates
Daily metal & energy updates
Derivatives Daily
Dish TV
ELEL IDFC Update
EDEL Market Updates
EDEL Market Updates2
EDEL Market Updates3
Engg. & Capital Goods by EDEL
Flash News & Stock Picks
Mahindra Lifespaces KRC
Pair Strategy Infosys & Satyam
Nagarjuna COns. Co.
Eagle Eye Sept 02
Raymond Ltd - ML
Ebook - Friedman Thomas the World is Flat
Bilt Towers
Visa Khandwala
Stock Picks
Weekly Stock Picks - ICICI Direct
Factor that Affects the US Dollar
Gujarat Alkali
High Noon Sharekhan
ICICI Direct Daily Derivatives
JP Associate by EDEL
Larson & Tubro
Banking Sector Updates
Chennai Petro - Stock Pick
CLSA Market Updates
Daily metal & energy updates
Derivatives Daily
Dish TV
ELEL IDFC Update
EDEL Market Updates
EDEL Market Updates2
EDEL Market Updates3
Engg. & Capital Goods by EDEL
Flash News & Stock Picks
Mahindra Lifespaces KRC
Pair Strategy Infosys & Satyam
Nagarjuna COns. Co.
Eagle Eye Sept 02
Raymond Ltd - ML
Ebook - Friedman Thomas the World is Flat
Monday, September 1, 2008
Reports of the day
Anagram Research Report Astra Microwave
AnagramsCommodityCall
Aries Agro
Assam Company
Bharat Electronics Ltd
Buy alpha
Buy clasic aug29
Buy sector updates aug29
Cement Skim Enam
Daily Market Updates
Dividends Updates
DLF Sobha Developers
EDEL Market Updates
Edelweiss Annual Report Analysis of Orbit Corporation
First Global Energy Outlook Aug2008
hem INSECTICIDES29Aug08
ICICI Direct Derivatives Daily
ICICI Direct Opening Bell
India Real Estate Developers GS
JPM Essar Cals Chennai Pet
Jyothy Laboratories Ltd
Larsen and Tubro
motherson sumi systems company update
Oil and Gas by UBS
AnagramsCommodityCall
Aries Agro
Assam Company
Bharat Electronics Ltd
Buy alpha
Buy clasic aug29
Buy sector updates aug29
Cement Skim Enam
Daily Market Updates
Dividends Updates
DLF Sobha Developers
EDEL Market Updates
Edelweiss Annual Report Analysis of Orbit Corporation
First Global Energy Outlook Aug2008
hem INSECTICIDES29Aug08
ICICI Direct Derivatives Daily
ICICI Direct Opening Bell
India Real Estate Developers GS
JPM Essar Cals Chennai Pet
Jyothy Laboratories Ltd
Larsen and Tubro
motherson sumi systems company update
Oil and Gas by UBS
Thursday, August 28, 2008
Reports of the Day / Stock Picks / Investment Ideas
Indian Stock Market Updates
Axis Bank Updates
Capital Markets and the Path to Nirvana
Cement Skim Enam
Derivatives Updates
Edelweiss on roads
ENAM Direct Morning Notes
Great Offshore by India Infoline
GS BRIC Byond Full Report
Gujarat State Fertilizers and Chemicals Limited
Hindustan Unilever Ltd Merir Linch
IBREL Macqurie
IBREL Macqurie 2
ICICI Direct Derivatives Daily
ICICI Direct Stock Picks
Indian Market Updates
IRB Infrastructure Developers
Kotak Bank fut - Anagram Position Trade
Media times Edelweiss Report
MERCATOR LINES
MF global Daily Derivatives
News Letter
Oil and Gas Updates by UBS
Oil Price Analysis
PHARMA Sector Updates by MOSL
Stock Ideas Enam Direct
Take Solutions Reliance Money Investment Idea
TEA INDUSTRY UPDATE
Voltamp Transformers Hem
Top 25 Dividend Yield Stocks
Axis Bank Updates
Capital Markets and the Path to Nirvana
Cement Skim Enam
Derivatives Updates
Edelweiss on roads
ENAM Direct Morning Notes
Great Offshore by India Infoline
GS BRIC Byond Full Report
Gujarat State Fertilizers and Chemicals Limited
Hindustan Unilever Ltd Merir Linch
IBREL Macqurie
IBREL Macqurie 2
ICICI Direct Derivatives Daily
ICICI Direct Stock Picks
Indian Market Updates
IRB Infrastructure Developers
Kotak Bank fut - Anagram Position Trade
Media times Edelweiss Report
MERCATOR LINES
MF global Daily Derivatives
News Letter
Oil and Gas Updates by UBS
Oil Price Analysis
PHARMA Sector Updates by MOSL
Stock Ideas Enam Direct
Take Solutions Reliance Money Investment Idea
TEA INDUSTRY UPDATE
Voltamp Transformers Hem
Top 25 Dividend Yield Stocks
Thursday, August 21, 2008
Sluggish start likely as crude rebounds
Tracking mixed global markets, trade may remain lacklustre on the Indian bourses on Thursday. Goldman Sachs' prediction of a rally in crude oil this year may increase the concern over inflation, and possibly dampen investor sentiment going forward.
After touching a low of $110.8 a barrel in recent sessions, crude bounced back to $116 a barrel indicating likely chances of further rebound in the near term.
Analysts are predicting inflation for the week ended Aug 9 at 12.64 per cent, which will be 4 ticks more than the previous week's 12.44 per cent.
A significant call writing at 4500 on Nifty ahead of inflation data due Thursday may push the market in a 4400-4500 range for the day.
Investors are also expected to be cautious until clarity emerges on the verdict of the Nuclear Suppliers Group meeting to consider granting India a waiver of its conditions, which is a major hurdle to push the Indo-US nuclear deal forward with the crucial.
Wednesday, Nifty August futures settled at a premium of 20 points to spot. The contract price gained 1.04 per cent on short covering. The call writing was observed at 4500 and 4600 levels signaling a limited upside for the markets in near term.
On NSE, foreign institutional investors net bought futures worth Rs 14.12 crore and options to the tune of Rs 337 crore. The F&O turnover was 11 per cent lower than Wednesday.
Meanwhile, stocks climbed in US led by energy and metal shares after Goldman Sachs predicted oil will gain 29 per cent through the end of the year. While, Asian stocks fell led by financial companies on speculation credit market losses will widen.
After touching a low of $110.8 a barrel in recent sessions, crude bounced back to $116 a barrel indicating likely chances of further rebound in the near term.
Analysts are predicting inflation for the week ended Aug 9 at 12.64 per cent, which will be 4 ticks more than the previous week's 12.44 per cent.
A significant call writing at 4500 on Nifty ahead of inflation data due Thursday may push the market in a 4400-4500 range for the day.
Investors are also expected to be cautious until clarity emerges on the verdict of the Nuclear Suppliers Group meeting to consider granting India a waiver of its conditions, which is a major hurdle to push the Indo-US nuclear deal forward with the crucial.
Wednesday, Nifty August futures settled at a premium of 20 points to spot. The contract price gained 1.04 per cent on short covering. The call writing was observed at 4500 and 4600 levels signaling a limited upside for the markets in near term.
On NSE, foreign institutional investors net bought futures worth Rs 14.12 crore and options to the tune of Rs 337 crore. The F&O turnover was 11 per cent lower than Wednesday.
Meanwhile, stocks climbed in US led by energy and metal shares after Goldman Sachs predicted oil will gain 29 per cent through the end of the year. While, Asian stocks fell led by financial companies on speculation credit market losses will widen.
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