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Reliance Industries
RIL may start gas production ahead ot schedule?
Posted by :
bhusbhacTracked by: 0 Boarder
This is the news article appearing on 2oth in Economic Times
Economic Times, Mumbai - 20 November 2008
Niko sees RIL starting gas production from KG basin by late Dec
Piyush Pandey MUMBAI
RELIANCE Industries -RIL- is expected to start commercial production of gas from the D-6 field in the Krishna Godavari -KG- basin by next month, according to RILs Canadian partner Niko Resources.
-First production from the D-6 gas development is targeted for late December. Volumes are expected to ramp up to 2.8 billion cubic feet per day,- Niko announced while disclosing its second quarter financial results last week. If the target is achieved, it will be well before the revised time frame that has been announced by RIL chairman Mukesh Ambani. While announcing RILs commercial production of oil in September, Mr Ambani had said that gas from KG basin would be available only by the fourth quarter of this fiscal.
However, RIL cannot sell gas from the KG basin due to a pending litigation with Reliance Natural Resources. The legal tussle will come up for hearing in the Bombay High Court on November 27. The government, which is an intervenor in the case, is expected to clarify its stance in determining the selling price of gas from the KG basin at the next hearing.
RIL has submitted the development plan for nine other discoveries in the same block in order to integrate them with the production of the D-6 field. With this, RILs peak production in the block is expected to go up further.
RIL is investing .7 billion for the development of the D-6 field, which is expected to produce upto 80 million metric standard cubic meters per day -mmscmd-.
Meanwhile, RIL has submitted the development plan for another six discoveries in the NEC basin, that has been termed -commercial- by Directorate General of Hydrocarbons, the Indian upstream regulator.
...
US Recession - An Update...Read on.
Posted by : bhusbhacTracked by: 0 Boarder
Dear pyaretaj - Since everyone seems to be throwing in newspaper items here is one in which appeared in times of India, Mumbai edition. Personally it is good we are not predicted to be No 1. Really tough to hold that position forever.
So we do need brave & courageous Indians to take us there!
QUOTE
US intel sees American clout falling, India’s rising
TIMES NEWS NETWORK & AGENCIES
New Delhi- The top American intelligence body, US National Intelligence Council, has predicted that over the next two decades there will be a rejig of the world order and the US will lose much of its current clout and the US dollar will become a -first among equals’’.
At the same time, India and China could rise to join the US on top of a multipolar world by 2025. The report however cautioned: -Although we believe chances are good that China and India will continue to rise, their ascent is not guaranteed and will require overcoming high economic and social hurdles.-
This prediction, in the wake of the current financial meltdown in the US, acquires greater signifance. Already the US dollar has lost much of its sheen and the American economy is said to have suffered a setback that will take it at least a couple of years to overcome.
According to the intelligence thinktank, China is projected to become the second largest economy and military power and India the fourth largest economy, although the report is silent on just how strong India might be militarily two decades from now.
In both countries, rising income disparities as the economies grow rapidly are projected to become a major political and social issue, though not severe enough to force real democracy in China.
The report, Global Trends 2005, which is intended to give the incoming Obama administration a pointer to the future, viewed Russia’s prospects as relatively less certain thanks to inadequate investments in its energy sector, high crime rates and corruption in government.
It identified Iran, Turkey and Indonesia, apart from India and China, as countries that could rise fast over the next two decades, adding strength to the widely held view that the coming decades could be the Asian decade.
While it pointed out that a multipolar world is inherently more prone to conflict than one with a single or two dominant powers, the report suggested that the al-Qaeda threat may dissipate sooner than most people expect. That’s because it felt the organization is fast becoming unpopular in the Islamic world from where it draws sustenance and also where it does most of its killing.
UNQUOTE
...
In reply to:
US Recession - An Update...Read on.
Posted by :
pyaretaj
FRANKFURT/WASHINGTON: With recession now a reality in major economies from Japan to Germany, policymakers are starting to fret about the chance of a
phenomenon many see as even more deadly; deflation.
Japan`s decade-long battle with steadily falling prices and economic stagnation looms large in officials` memories and central banks and governments are determined to avoid past mistakes.
US Recession - An Update...Read on.
Posted by : bhusbhacTracked by: 0 Boarder
Dear pyaretaj - Deflation which might hit the G3 nations first may be an advantage to our nation. Some MMB members are predicting oil at US$30- US$25 - US$10. So going foward out balance of payments will become very favourable. ...
In reply to:
US Recession - An Update...Read on.
Posted by : pyaretaj
FRANKFURT/WASHINGTON: With recession now a reality in major economies from Japan to Germany, policymakers are starting to fret about the chance of a
phenomenon many see as even more deadly; deflation.
Japan`s decade-long battle with steadily falling prices and economic stagnation looms large in officials` memories and central banks and governments are determined to avoid past mistakes.
US Regulators shut 2 more Banks on Friday.
Posted by : pyaretajTracked by: 0 Boarder
WASHINGTON: Federal regulators have shut down two banks based in California, saying they fell victim to the acute distress in the housing market in that state.
The failures on Friday of Downey Savings and Loan Association, based in Newport Beach, and PFF Bank & Trust of Pomona brought the number of US bank failures this year to 22.
The Federal Deposit Insurance Corp was appointed receiver of the two thrifts. US Bank, based in Minneapolis, acquired all the deposits of both.
Downey, the 23rd-largest US savings and loan, had assets of $12.8 billion and deposits of $9.7 billion as of September 30. PFF, the 38th-largest, had assets of $3.7 billion and $2.4 billion in deposits. ...
Tracked by: 0 Boarder
Dear kadiyali - You are so sure that there will be a rally and then a pullback? Apart from FIIs wanting to quit at higher levels do you have any other fundamental basis. The pullback you are suggesting is at RIL 970! At least that is much better than 500 which others have been predicting. Some change in sentiments on the positive side?...
In reply to:
RIL
Posted by : kadiyali
Dear jkt, I suggest you two options:
Option 1: You will get your purchase price within next 2-3 days. Come out of RIL once for all.
Option 2: Sell your holding of 200 RIL during the next week rally, hold the cash with you, and buy back 200 shares when it falls by Rs 180 from your sale price. Do this exercise of `selling high & buying low` 3-4 times well before Dec end. You will make decent profits sufficient enough to buy 200 additional shares! New year 2009 will see you owner of 400 RIL shares without any further investment!
Decide which of the above options suit you, and go ahead accordingly. Good luck.
US Recession - An Update...Read on.
Posted by : pyaretajTracked by: 0 Boarder
FRANKFURT/WASHINGTON: With recession now a reality in major economies from Japan to Germany, policymakers are starting to fret about the chance of a
phenomenon many see as even more deadly; deflation.
Japan`s decade-long battle with steadily falling prices and economic stagnation looms large in officials` memories and central banks and governments are determined to avoid past mistakes.
...
RIL
Posted by : chief_kamaniTracked by: 0 Boarder
jkt-Book Value is Rs850/-!!And this is a splendid stock which always bounces back!!...
In reply to:
RIL
Posted by :
jkt
What is the book Value Of RIL?
Tracked by: 0 Boarder
Dear jkt, I suggest you two options:
Option 1: You will get your purchase price within next 2-3 days. Come out of RIL once for all.
Option 2: Sell your holding of 200 RIL during the next week rally, hold the cash with you, and buy back 200 shares when it falls by Rs 180 from your sale price. Do this exercise of `selling high & buying low` 3-4 times well before Dec end. You will make decent profits sufficient enough to buy 200 additional shares! New year 2009 will see you owner of 400 RIL shares without any further investment!
Decide which of the above options suit you, and go ahead accordingly. Good luck....
In reply to:
RIL
Posted by : jkt
I hold 200 Reliance shares @1286
can I hold it
What the Eco. times has to say over Reliance
Posted by : bhusbhacTracked by: 0 Boarder
This is the news article appearing on 2oth in Economic Times
Economic Times, Mumbai - 20 November 2008
Niko sees RIL starting gas production from KG basin by late Dec
Piyush Pandey MUMBAI
RELIANCE Industries -RIL- is expected to start commercial production of gas from the D-6 field in the Krishna Godavari -KG- basin by next month, according to RILs Canadian partner Niko Resources.
-First production from the D-6 gas development is targeted for late December. Volumes are expected to ramp up to 2.8 billion cubic feet per day,- Niko announced while disclosing its second quarter financial results last week. If the target is achieved, it will be well before the revised time frame that has been announced by RIL chairman Mukesh Ambani. While announcing RILs commercial production of oil in September, Mr Ambani had said that gas from KG basin would be available only by the fourth quarter of this fiscal.
However, RIL cannot sell gas from the KG basin due to a pending litigation with Reliance Natural Resources. The legal tussle will come up for hearing in the Bombay High Court on November 27. The government, which is an intervenor in the case, is expected to clarify its stance in determining the selling price of gas from the KG basin at the next hearing.
RIL has submitted the development plan for nine other discoveries in the same block in order to integrate them with the production of the D-6 field. With this, RILs peak production in the block is expected to go up further.
RIL is investing .7 billion for the development of the D-6 field, which is expected to produce upto 80 million metric standard cubic meters per day -mmscmd-.
Meanwhile, RIL has submitted the development plan for another six discoveries in the NEC basin, that has been termed -commercial- by Directorate General of Hydrocarbons, the Indian upstream regulator.
...
In reply to:
What the Eco. times has to say over Reliance
Posted by : Guest
Reliance has achieved a 20 percent profit CAGR over every 10-year period since 1980 by successfully executing well-timed, global-scale expansions. ROE will remain above 20 percent even with squeeze in commodity margins. With new capacities coming onstream, Reliance is set to generate $6-8 billion in cashflow to support new petrochem capex and E&P exploration. The company`s ability to grow earnings consistently despite being in cyclical commodities has been its hallmark. The earnings CAGR has never fallen below 20 percent over any ten-year period in the past 30 years thanks to expansions and integration projects. Several factors have contributed to this record, including the use of best-in-class technology, global scale capacities with strong project execution, a minute control over capital and operational costs, financial discipline and an unmatched understanding of the local operating environment. Returns on equity should remain above 20 percent even in the downturn, while returns on capital, at 13-16 percent, exceed its 11-12 percent cost of capital. E.T
sl
Will Reliance be in troubles????!!!!
Posted by : mkjaswalTracked by: 0 Boarder
Picture abhi baki hai mere dost see the speed of bear market rally. Every effort will be made to keep the stock below 1200 by operators who have shorted reliance and written huge calls in nifty. Fasten your seat belts for a great bulls and bears fights in coming week, since january its the bears winning the battle in the expiry week, and this time too odds are against bears i think 90.10 on bear side. need to check shorts get covered above 2800 on nifty or above 1230 level in reliance. A close above 1230 the stock will blast, below that the stock will be hammered again to 1000 levels. Monday and tuesday D day for mks if any sustain rally has to come. Promise you that it will be more thrilling than T20 world cup finals. Happy and thrilling trading....
In reply to:
Will Reliance be in troubles????!!!!
Posted by : bhusbhac
Dear neeguya - To be fair let us say that the current level after Fridays rally is a LOW point for the DOW. US$ 40 - US$ 45 you say is teh cost of deep sea water production. I would say that the cost for RIL might be not more than US$ 40 x Rs 40 = Rs 1600 per barrel. So the price of US$ 48 = Rs 1920 today is profitable to RIL since RIL will also activate all their petrol outlets in the country. Also once crude is tapped the price of gas is a surplus to profits. I dont know how this really works out but there are other equations that will exist in a consumer like India.
To be also fair let us say that we can expect DOW to be nearer the 10000 mark the moment their markets sho stability.
I dont know about touching new lows and how many years it will take to touch new highs in India however it is fair to say that we are at a very low point in our markets and we can reasonably expect NIFTY at around 4000 in the next 2 - 4 quarter!
So crude will sell at Rs 1920 per barrel without much problems to Government of India and be profitable both to RIL as well as the nation! It is important to note that even when crude was at US$ 125 Mukeshbhai had no more than US$ 48 in his mind for RIL!
Tracked by: 0 Boarder
What is the book Value Of RIL?...
Tracked by: 0 Boarder
I hold 200 Reliance shares @1286
can I hold it ...
Will Reliance be in troubles????!!!!
Posted by : bhusbhacTracked by: 0 Boarder
Dear neeguya - To be fair let us say that the current level after Fridays rally is a LOW point for the DOW. US$ 40 - US$ 45 you say is teh cost of deep sea water production. I would say that the cost for RIL might be not more than US$ 40 x Rs 40 = Rs 1600 per barrel. So the price of US$ 48 = Rs 1920 today is profitable to RIL since RIL will also activate all their petrol outlets in the country. Also once crude is tapped the price of gas is a surplus to profits. I dont know how this really works out but there are other equations that will exist in a consumer like India.
To be also fair let us say that we can expect DOW to be nearer the 10000 mark the moment their markets sho stability.
I dont know about touching new lows and how many years it will take to touch new highs in India however it is fair to say that we are at a very low point in our markets and we can reasonably expect NIFTY at around 4000 in the next 2 - 4 quarter!
So crude will sell at Rs 1920 per barrel without much problems to Government of India and be profitable both to RIL as well as the nation! It is important to note that even when crude was at US$ 125 Mukeshbhai had no more than US$ 48 in his mind for RIL!...
In reply to:
Will Reliance be in troubles????!!!!
Posted by : neeguya
if crude will fall below 25$ , lots of crude production site will close down. supply will go down and prices will go up.
canada tar to oil project--cost is 70$ per barrel.
deep sea water exploration -cost is 40-45 $ per barrel.
even OPEC wants to keep it above 50$ , so stretagically they will reduce the output to maintain the price above 50$.
at this moment all the countries have their stocks full with very sharp fall in demand. but as the winters are coming this has to reverse.
so lets be hopeful 25$ will never be touched and 30$ will hardly stay for a week.
Will Reliance be in troubles????!!!!
Posted by : neeguyaTracked by: 0 Boarder
if crude will fall below 25$ , lots of crude production site will close down. supply will go down and prices will go up.
canada tar to oil project--cost is 70$ per barrel.
deep sea water exploration -cost is 40-45 $ per barrel.
even OPEC wants to keep it above 50$ , so stretagically they will reduce the output to maintain the price above 50$.
at this moment all the countries have their stocks full with very sharp fall in demand. but as the winters are coming this has to reverse.
so lets be hopeful 25$ will never be touched and 30$ will hardly stay for a week....
In reply to:
Will Reliance be in troubles????!!!!
Posted by : marketman
There is a talk in the market that the crude can come down to below 25 dollar levels in coming days.... will reliance survice with the crude at below 25 dollars....
What the Eco. times has to say over Reliance
Posted by : GuestTracked by: 0 Boarder
Reliance has achieved a 20 percent profit CAGR over every 10-year period since 1980 by successfully executing well-timed, global-scale expansions. ROE will remain above 20 percent even with squeeze in commodity margins. With new capacities coming onstream, Reliance is set to generate $6-8 billion in cashflow to support new petrochem capex and E&P exploration. The company`s ability to grow earnings consistently despite being in cyclical commodities has been its hallmark. The earnings CAGR has never fallen below 20 percent over any ten-year period in the past 30 years thanks to expansions and integration projects. Several factors have contributed to this record, including the use of best-in-class technology, global scale capacities with strong project execution, a minute control over capital and operational costs, financial discipline and an unmatched understanding of the local operating environment. Returns on equity should remain above 20 percent even in the downturn, while returns on capital, at 13-16 percent, exceed its 11-12 percent cost of capital. E.T
sl...
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