Read
Listen
Watch
Play
Find
Mail

  • Quotes

  • NAVs

  • News

  • Messages

  • Opinions

  • Notices

  • Videos
  Post a Message | Explore Forums  |  Browse Stock Messages  |  Hot Discussions  | Top rated Messages  | Top Boarders
Search: Messages    Stock    Boarder
 
Ads by Google
Moneycontrol.com >> Message Board >> View Messages >> Reliance Petro
   You are here :     Moneycontrol     MMB      Stocks      Reliance Petro
Keep Buying RPL.. Here is why I do.. (3)   18-Jul-08 21:45Tracked by (0)  
Posted by:   nseking on ( 18-Jul-08 21:45 )Rating      
Price : BSE: Rs 153.75 ( 1.99 % ), NSE: Rs. 153.80 ( 2.09 % )
Buy it for your future. For a very good return..

There are several reasons and people have mentioned it here.

Here is one reason why I buy:


Crude fell in the past couple of days..
But what the recent markets have shown us is that Crude can indeed go up from 100 to 145.... so we shouldn't be surprised if it touches 200 again. This is not a call. Just what I think.

Talking about demand supply, Demand may not outstrip supply overnight, but it will eventually. Crude might not go up by 4-5 dollars a day like in recent times but it has to grow..

We will know that Demand will only increase..
And supply will only decrease, every day. Earth has only so much crude and it is never replenished like other renewable resources.

America which is the largest consumer hasn't spend anything worth mentioning on refining capacity nor on exploration..
Exxon Mobil spent only 5.3 percent of it revenue when they made 400 Billion dollars..
It will be long before they ANWR is utilized.

Refining capacity in constant, and new refineries face objections from
environmentalists..

Oh Yes.. CRUDE will rise..

And the biggest refinery is coming up in India... just when refining capacity is getting scarce, and demand is rising..


Which is why my portfolio is 40%+ RPL... And I feel good when RPL falls because I get them even cheaper... when you see the long term..

Feedback

Boarders Outlook on Reliance Petro

negative outlook
mehulindia | money mera bai | sankarcj
 | wmcindia

47 queries on Reliance Petro

guest - why this stock is not moving...
- why this stock is not moving...
 see more

More from the Refineries Sector

Bongaigaon Ref  |   BPCL  |   Chennai Petro  |   Essar Oil  |   HPCL  |   IndraprasthaGas  |   IOC  |   MRPL  |   Sah Petroleums

Boarders tracking Reliance Petro

dcsrivastava  |   dcsrivastava  |   cspatel22  |   amarakbar  |   @stoxandmore  |   nalinisagar  |   rajesh20k  |   lionheart_kadri  |   sunil_d  |   zulfikarsait  |   imcooltahira  |   Guest  |   sydriyazuddin  |   MUSHTAQSHAGU  |   deep_stox
 see more

News Updates on Reliance Petro

Stay Away from RPL: Sukhani - Technical Analyst, Sudarshan Sukhani is of the vie...
RPL to surprise on positive side: Bhambwani - Technical Analyst, Vijay Bhambwani is of the view ...
RPL to see some more upside: Bhambwani - Technical Analyst, Vijay Bhambwani is of the view ...

CNBC TV18 CNN IBN CNBC Awaaz IBN 7 IBN LOKMAT