Building Up A Portfolio At A 7000 Level
- Thread starter supratik
- Start date
- Status
WS Industries was recommended in another group as well.
On Friday they have given a "Book Partial Profits" signal.
I had a discussion with another expert and he had told that, WS Industries has some plans for the future and if that goes thru, then it may go beyond 100 to 150 in next 1 year.
But, I have sold my holdings.
Regards,
Narendra
On Friday they have given a "Book Partial Profits" signal.
I had a discussion with another expert and he had told that, WS Industries has some plans for the future and if that goes thru, then it may go beyond 100 to 150 in next 1 year.
But, I have sold my holdings.
Regards,
Narendra
Hi All,
fyi
Big Oil coming to India, finally
BS Reporter / Mumbai August 5, 2007
Exxon, Chevron & Conoco may participate in NELP-VII.
ExxonMobil, the world’s largest oil company, and ConocoPhillips and Chevron of the United States, are likely to participate in India’s seventh round of the New Exploration and Licensing Policy (NELP-VII), according to Director General of Hydrocarbons V K Sibal.
This will significantly swell the ranks of international oil giants keen to participate in the auction of oil blocks for exploration and production in India.
None of the three participated in the sixth round of auctions in March this year, when the government allotted 55 blocks.
NELP SO FAR
Blocks
offered
Blocks
bid for
Bids
received
NELP I
48
28
45
NELP II
25
23
44
NELP III
27
24
52
NELP IV
24
21
44
NELP V
20
20
69
NELP VI
55
52
165
More global giants lining up bids is being seen by government officials as proof that scepticism over the Indian exploration and production market is over.
“All leading international companies are heading to India as there are sufficient resources and market within the country," said one.
In the six rounds of NELP so far, only eight international majors submitted bids, of which Australia’s Santos, UK-based Cairn Energy and British Gas won exploration blocks.
The seventh round was slated to begin in April this year, but got deferred to August due to shortage of rigs the world over. It is now scheduled to begin in November.
"In all, 80-85 blocks will be auctioned under NELP-VII," Sibal told reporters today on the sidelines of a seminar organised by the Confederation of Indian Industry in Mumbai.
The increased international interest comes in the wake of recent strikes by Reliance Industries, Oil and Natural Gas Corporation and Gujarat State Petroleum Corporation — offshore as well as onshore.
The government has often raised concern over the absence of big oil companies, which not only have the money but also advanced technology, in exploration and production.
So far the international companies have been content to buy stakes in discovered oil and gas blocks.
Recently, Brazilian company Petrobras and Norway’s NorskHydro bought stakes in the ONGC-discovered oil block in the Krishna-Godavari basin. Italy’s ENI bought into ONGC’s Mahanadi block.
Although there is confusion over the pricing of gas discovered in blocks awarded under the NELP regime, international oil companies appear confident that the issue will be resolved before the next auction of blocks.
DGH, the nodal body to ensure optimum utilisation of the country's oil and gas reserves, will also for the first time auction blocks in Jammu and Kashmir.
Sibal said NELP-VII would cover a total of 400,000 sq km and the focus would be on the west coast of the country. "The off-shore and on-shore ratio will be almost 50-50," he said.
>>> Sensex shows weakness. Wait for a 400-600 points more correction.
Our call on Elecon Engg at 647..buy more on declines.
Thanks and Regards
Supratik
fyi
Big Oil coming to India, finally
BS Reporter / Mumbai August 5, 2007
Exxon, Chevron & Conoco may participate in NELP-VII.
ExxonMobil, the world’s largest oil company, and ConocoPhillips and Chevron of the United States, are likely to participate in India’s seventh round of the New Exploration and Licensing Policy (NELP-VII), according to Director General of Hydrocarbons V K Sibal.
This will significantly swell the ranks of international oil giants keen to participate in the auction of oil blocks for exploration and production in India.
None of the three participated in the sixth round of auctions in March this year, when the government allotted 55 blocks.
NELP SO FAR
Blocks
offered
Blocks
bid for
Bids
received
NELP I
48
28
45
NELP II
25
23
44
NELP III
27
24
52
NELP IV
24
21
44
NELP V
20
20
69
NELP VI
55
52
165
More global giants lining up bids is being seen by government officials as proof that scepticism over the Indian exploration and production market is over.
“All leading international companies are heading to India as there are sufficient resources and market within the country," said one.
In the six rounds of NELP so far, only eight international majors submitted bids, of which Australia’s Santos, UK-based Cairn Energy and British Gas won exploration blocks.
The seventh round was slated to begin in April this year, but got deferred to August due to shortage of rigs the world over. It is now scheduled to begin in November.
"In all, 80-85 blocks will be auctioned under NELP-VII," Sibal told reporters today on the sidelines of a seminar organised by the Confederation of Indian Industry in Mumbai.
The increased international interest comes in the wake of recent strikes by Reliance Industries, Oil and Natural Gas Corporation and Gujarat State Petroleum Corporation — offshore as well as onshore.
The government has often raised concern over the absence of big oil companies, which not only have the money but also advanced technology, in exploration and production.
So far the international companies have been content to buy stakes in discovered oil and gas blocks.
Recently, Brazilian company Petrobras and Norway’s NorskHydro bought stakes in the ONGC-discovered oil block in the Krishna-Godavari basin. Italy’s ENI bought into ONGC’s Mahanadi block.
Although there is confusion over the pricing of gas discovered in blocks awarded under the NELP regime, international oil companies appear confident that the issue will be resolved before the next auction of blocks.
DGH, the nodal body to ensure optimum utilisation of the country's oil and gas reserves, will also for the first time auction blocks in Jammu and Kashmir.
Sibal said NELP-VII would cover a total of 400,000 sq km and the focus would be on the west coast of the country. "The off-shore and on-shore ratio will be almost 50-50," he said.
>>> Sensex shows weakness. Wait for a 400-600 points more correction.
Our call on Elecon Engg at 647..buy more on declines.
Thanks and Regards
Supratik
Hi All,
You may find this interesting
>BLOOD ON STREET yummy!!!!
18 June 1815, was a date that
will be remembered as the day when
one of the most decisive battles in
Europe was fought - the day the
Duke of Wellington pitted his
75,000 English troops against the
100,000 soldiers of Napoleon. The
battle was momentous as the future
of Europe and the European
Colonies around the world rested
on its outcome.
Investors in London were concerned
and worried. As the German
army under Marshal Von Blucher
had not joined his English allies at
the time the battle began, there was
concern that he would be too late as
a consequence of which England
would lose the battle. The British
East India Company's trade with
India and China was threatened.
There was fear that its allies might
desert England. The future of the
English Empire was at stake.
Investors awaited news, Nathan
Rothschild of the House of
Rothschild, a leading merchant
banker, aware of the importance of
information, had invested a considerable
sum to develop a private
intelligence system. This was well
known. It was also well known that
Rothschild had invested heavily on
an English victory. As soon as the
war was over, Rothschild's agents
dispatched to him carrier pigeons
with the result of the war in code.
When they arrived, well before the
official dispatches, Rothschild
began to sell every thing he owned.
In the belief that the English had
lost, investors panicked and began
to sell. The market collapsed. In the
depressed market, Rothschild
stepped in and with his agents
bought and bought. Within hours
the news of Wellington's victory
sent the market booming. By this
manouvre, Rothschild earned one
million pounds, a fabulous amount
at that time and it is this that led
him to state, “the best time to buy is
when blood is running in the
streets”.
You may find this interesting
>BLOOD ON STREET yummy!!!!
18 June 1815, was a date that
will be remembered as the day when
one of the most decisive battles in
Europe was fought - the day the
Duke of Wellington pitted his
75,000 English troops against the
100,000 soldiers of Napoleon. The
battle was momentous as the future
of Europe and the European
Colonies around the world rested
on its outcome.
Investors in London were concerned
and worried. As the German
army under Marshal Von Blucher
had not joined his English allies at
the time the battle began, there was
concern that he would be too late as
a consequence of which England
would lose the battle. The British
East India Company's trade with
India and China was threatened.
There was fear that its allies might
desert England. The future of the
English Empire was at stake.
Investors awaited news, Nathan
Rothschild of the House of
Rothschild, a leading merchant
banker, aware of the importance of
information, had invested a considerable
sum to develop a private
intelligence system. This was well
known. It was also well known that
Rothschild had invested heavily on
an English victory. As soon as the
war was over, Rothschild's agents
dispatched to him carrier pigeons
with the result of the war in code.
When they arrived, well before the
official dispatches, Rothschild
began to sell every thing he owned.
In the belief that the English had
lost, investors panicked and began
to sell. The market collapsed. In the
depressed market, Rothschild
stepped in and with his agents
bought and bought. Within hours
the news of Wellington's victory
sent the market booming. By this
manouvre, Rothschild earned one
million pounds, a fabulous amount
at that time and it is this that led
him to state, “the best time to buy is
when blood is running in the
streets”.
It has been a great day for tech stocks.
BSE IT index is up nearly 5%.
And all the front line stocks such as Infosys, TCS, Satyam are all up from 3-5%!
Even midcap tech stocks such as KPIT Cummins (which was recommended in this TA few months back) is up more than 5%!
All because of dollar becoming a bit stronger compared to rupee.
Hope the rally continues and tech stocks get back their lost shining!
-Narendra
BSE IT index is up nearly 5%.
And all the front line stocks such as Infosys, TCS, Satyam are all up from 3-5%!
Even midcap tech stocks such as KPIT Cummins (which was recommended in this TA few months back) is up more than 5%!
All because of dollar becoming a bit stronger compared to rupee.
Hope the rally continues and tech stocks get back their lost shining!
-Narendra
Still nobody is sure, how the market will behave in next few days.
Today sensex went down by 525 points and is now coming back!!
Infosys had lost nearly 9% today morning and now it is back at -2%!
So, it is not easy to predict the market. It you are a trader, then I don't think this is the good time to enter or exit.
If you are an investor, then you can see many gems. But, after you take them, they may not shine immediately. So, it will take time and that needs your patience.
-Narendra
Today sensex went down by 525 points and is now coming back!!
Infosys had lost nearly 9% today morning and now it is back at -2%!
So, it is not easy to predict the market. It you are a trader, then I don't think this is the good time to enter or exit.
If you are an investor, then you can see many gems. But, after you take them, they may not shine immediately. So, it will take time and that needs your patience.
-Narendra
- Status
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