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Cairn India
Cairn down taget=60....
Posted by :
viperexpressTracked by: 0 Boarder
Marketman is our friend. His prediction is needed to make sure that your wallet is ready to buy when the prices are near his predictions. But even he couldnt predict Unitech`s current levels. I hope his predictions on Cairn comes true as I will then buy in tons....
In reply to:
Cairn down taget=60....
Posted by :
marketman
The stock of cairn india may drop to 60 levels in coming sessions.... 
India`s cabinet has rejected an oil ministry proposal to award a deepwater block off the west coast to Cairn India Ltd (CAIL.BO: Quote, Profile, Resea
Posted by :
HarikrishnanTracked by: 0 Boarder
India`s cabinet has rejected an oil ministry proposal to award a deepwater block off the west coast to Cairn India Ltd a unit of U.K. explorer Cairn Energy Plc a government source said on Thursday.
The oil ministry official, who could not be named, told Reuters the company had not offered the government an attractive enough share of potential production.
Earlier, Oil Secretary R.S. Pandey said the federal cabinet had approved the award of 44 out of 45 blocks as recommended by the oil ministry. "One Mumbai basin block has not been approved by the cabinet
...
Govt canceles Cairn India bid for Mumbai basin
Posted by : HarikrishnanTracked by: 0 Boarder
Govt canceles Cairn India bid for Mumbai basin.... more news??...
Cairn urges Ministry to decide fast on nominee refineries
Posted by : readarticleTracked by: 0 Boarder
whats the impact on the stock price and does this benefit the company?...
In reply to:
Cairn urges Ministry to decide fast on nominee refineries
Posted by : Harikrishnan
Cairn India Ltd (CIL) has approached the Petroleum Ministry to take an early call on the refineries it will nominate to lift Rajasthan crude. The company wants a clear picture, so that a decision on the valuation of crude can be taken before the production commences, official sources said.
Cairn, which follows the January-December financial year, is targeting second quarter of 2009 to start commercial production from its Barmer fields in Rajasthan. “Since the price of the crude is to be decided between the Government nominee/nominees and the contractor, it is important to have a clear indication,” sources told Business Line.
production sharing contract
The production sharing contract (PSC) signed with the Union Government stipulates that the parities – the buyers and sellers – should meet six months prior to the commencement of commercial production, to establish an appropriate basket of crude oil to calculate the price.
Cairn India plans to produce 8.25 million tonnes a year of crude at its Barmer oil field. ONGC is a 30 per cent partner in the field.
Official sources said that “discussions on nominee refineries are going on.”
The situation arose since Mangalore Refinery and Petrochemicals Ltd (MRPL), which is the official nominee, has indicated that it can lift only up to 1.2 million tonnes. This has lead to the Government considering having more than one nominee.
While Indian Oil Corporation Ltd has said it can take up to two million tonnes of crude, Hindustan Petroleum Corporation Ltd and Bharat Petroleum Corporation can take up to one million tonnes each.
However, now MRPL has indicated that it can take more of Cairn’s crude if it is given higher quantity of ONGC’s Mumbai High crude for blending with Rajasthan crude.
Benchmarking
Both Cairn and ONGC, as sellers, have agreed on a sellers’ benchmark offer price consisting of a basket of crude oils, whose blend is similar to the Rajasthan crude and which is actively traded in the international oil market and reported in Platts. The refiners are comparing Cairn’s crude with Maya (Mexican crude variety) or Ratawi (neutral zone), currently sold at a substantial discount.
The PSC requires price to be fixed by references to a basket of f.o.b. (free on board) crude adjusted for differences in quality, delivery time, quantity and payment terms.
Cairn urges Ministry to decide fast on nominee refineries
Posted by : HarikrishnanTracked by: 0 Boarder
Cairn India Ltd (CIL) has approached the Petroleum Ministry to take an early call on the refineries it will nominate to lift Rajasthan crude. The company wants a clear picture, so that a decision on the valuation of crude can be taken before the production commences, official sources said.
Cairn, which follows the January-December financial year, is targeting second quarter of 2009 to start commercial production from its Barmer fields in Rajasthan. “Since the price of the crude is to be decided between the Government nominee/nominees and the contractor, it is important to have a clear indication,” sources told Business Line.
production sharing contract
The production sharing contract (PSC) signed with the Union Government stipulates that the parities – the buyers and sellers – should meet six months prior to the commencement of commercial production, to establish an appropriate basket of crude oil to calculate the price.
Cairn India plans to produce 8.25 million tonnes a year of crude at its Barmer oil field. ONGC is a 30 per cent partner in the field.
Official sources said that “discussions on nominee refineries are going on.”
The situation arose since Mangalore Refinery and Petrochemicals Ltd (MRPL), which is the official nominee, has indicated that it can lift only up to 1.2 million tonnes. This has lead to the Government considering having more than one nominee.
While Indian Oil Corporation Ltd has said it can take up to two million tonnes of crude, Hindustan Petroleum Corporation Ltd and Bharat Petroleum Corporation can take up to one million tonnes each.
However, now MRPL has indicated that it can take more of Cairn’s crude if it is given higher quantity of ONGC’s Mumbai High crude for blending with Rajasthan crude.
Benchmarking
Both Cairn and ONGC, as sellers, have agreed on a sellers’ benchmark offer price consisting of a basket of crude oils, whose blend is similar to the Rajasthan crude and which is actively traded in the international oil market and reported in Platts. The refiners are comparing Cairn’s crude with Maya (Mexican crude variety) or Ratawi (neutral zone), currently sold at a substantial discount.
The PSC requires price to be fixed by references to a basket of f.o.b. (free on board) crude adjusted for differences in quality, delivery time, quantity and payment terms.
...
Cairn down taget=60....
Posted by : ar_akmTracked by: 0 Boarder
Any news OR special reason for the projected downside much?
...
In reply to:
Cairn down taget=60....
Posted by : marketman
The stock of cairn india may drop to 60 levels in coming sessions....
Cairn down taget=60....
Posted by : marketmanTracked by: 0 Boarder
The stock of cairn india may drop to 60 levels in coming sessions.......
WHY CAIRN INDIA?
Posted by : HarikrishnanTracked by: 1 Boarder
First oil from Mangala on schedule for H2 2009
Rajasthan growing resource base of over 800 mmboe net with growth potential
MBA potential plateau gross production ≥175,000 bopd
EOR for MBA : Potential for plateau extension and enhancement
Pipeline construction commenced
Shifting of delivery point from Barmer to Gujarat coastapproved
Rajasthan development estimated cost for CY 2008 & 2009: $1.8 billion net
Further exploration and growth opportunitiesWell placed for future growth...
BUY CAIRN INDIA BELOW 130 LEVEL
Posted by : HarikrishnanTracked by: 0 Boarder
Harikrishnan. Buy cairn india below 130 level. 2010 traget 750+ .......
Reliance Refinery, Gas Projects May Be Delayed
Posted by : HarikrishnanTracked by: 0 Boarder
Harikrishnan...Reliance Refinery, Gas Projects May Be Delayed.
Industries Ltd. may be forced to miss its deadlines for starting production at its new oil refinery in western India and a gas field off the country`s eastern coast, the Economic Times reported, citing unnamed company officials familiar with the plans.
India`s biggest company by market value may begin production at the refinery and the gas field in January 2009, missing a December deadline, as global fuel demand declines, the newspaper said. Reliance spokesman Paresh Chaudhry didn`t answer calls to his mobile phone before office hours.
The newspaper said an unnamed Reliance spokesman denied that the Mumbai-based company`s gas and refinery projects face delays. Reliance had said on Oct. 8 that its 580,000 barrels-a-day refinery in Gujarat state is expected to start operating by the end of November.
...
BUY CAIRN INDIA BELOW 130 LEVEL
Posted by : HarikrishnanTracked by: 0 Boarder
Harikrishnan.Buy cairn india below 130 level....
Cairn may hike price for natural gas from Ravva field
Posted by : going.greatTracked by: 0 Boarder
I am waiting too. But good company...
In reply to:
Cairn may hike price for natural gas from Ravva field
Posted by : anand77
Sir
will the stock price go up.. i have 1000 brought at 237.. when it will reach the 237 level ??
Cairn may hike price for natural gas from Ravva field
Posted by : anand77Tracked by: 0 Boarder
Sir
will the stock price go up.. i have 1000 brought at 237.. when it will reach the 237 level ??...
In reply to:
Cairn may hike price for natural gas from Ravva field
Posted by : Harikrishnan
Cairn India-operated Ravva oil and gas field, off the Andhra coast, is likely to see an upward revision in price of natural gas produced from it after the current rates expire next month.
“The price of natural gas produced from Ravva and Ravva Satellite field are to be market-linked. Current rates expire on 30 November and new rates would be applicable from 1 December,” a source familar with the development said.
At present, state-run gas utility GAIL India buys gas from Ravva field at .5 per million British thermal unit and at .3 per mmBtu from Ravva Satellite field.
“Recently, the rates for gas from Panna/Mukta and Tapti field were fixed at .65 per mmBtu. This is an excellent benchmark and the market-related price for Ravva may also be fixed around the same levels,” the source said.
GAIL for the past three years has been getting 1 million standard cubic meters per day of gas from Ravva field at .5 per mmBtu and another 0.7 mmscmd from the adjoining Ravva Satellite field at .33 per mmBtu.
The price being paid to Cairn and its partners Oil and Natural Gas Corp (ONGC) and Videocon Industries, for Ravva and Ravva Satellite gas, is valid till 30 November, 2008, as per the Production Sharing Contract for the joint venture fields.
According to the source, GAIL was of the view that gas from the Ravva Satellite field was already priced at market rates given the fact that gas from Reliance Industries’ eastern offshore KG-D6 fields has been fixed at .2 per mmBtu.
“The company wanted price of gas from both Ravva and Ravva Satellite field be fixed at .33 per mmBtu but the joint venture partners want PMT price,” the source said.
Cairn may hike price for natural gas from Ravva field
Posted by : HarikrishnanTracked by: 0 Boarder
Cairn India-operated Ravva oil and gas field, off the Andhra coast, is likely to see an upward revision in price of natural gas produced from it after the current rates expire next month.
“The price of natural gas produced from Ravva and Ravva Satellite field are to be market-linked. Current rates expire on 30 November and new rates would be applicable from 1 December,” a source familar with the development said.
At present, state-run gas utility GAIL India buys gas from Ravva field at .5 per million British thermal unit and at .3 per mmBtu from Ravva Satellite field.
“Recently, the rates for gas from Panna/Mukta and Tapti field were fixed at .65 per mmBtu. This is an excellent benchmark and the market-related price for Ravva may also be fixed around the same levels,” the source said.
GAIL for the past three years has been getting 1 million standard cubic meters per day of gas from Ravva field at .5 per mmBtu and another 0.7 mmscmd from the adjoining Ravva Satellite field at .33 per mmBtu.
The price being paid to Cairn and its partners Oil and Natural Gas Corp (ONGC) and Videocon Industries, for Ravva and Ravva Satellite gas, is valid till 30 November, 2008, as per the Production Sharing Contract for the joint venture fields.
According to the source, GAIL was of the view that gas from the Ravva Satellite field was already priced at market rates given the fact that gas from Reliance Industries’ eastern offshore KG-D6 fields has been fixed at .2 per mmBtu.
“The company wanted price of gas from both Ravva and Ravva Satellite field be fixed at .33 per mmBtu but the joint venture partners want PMT price,” the source said.
...
S O T UPDATE !
Posted by : DUstocksTracked by: 0 Boarder
At the current Speed Of Trend, C A I R N will become OVERBOUGHT (appearing bullish) on 13th November, 2008, at Rs. 237.78.
This is NOT a PREDICTION for this stock. Speed of Trend (SOT) analysis figures provide just general DIRECTIONAL GUIDANCE, and are NOT to be considered in ABSOLUTE TERMS for setting up your trading or investment decisions. SOT projections may change drastically, or may even get totally reversed upon significant EOD level changes for just about 2-3 days. ...
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