Refineries are getting a big hit on the refining margins(look at RIL getting hammered) while exploration companies are finding it difficult as the cost of oil when sold is very low.
Originally posted by manish_okhade
Isn't it right time to enter OIL stocks?
The market is a place where people with money meet people with experience.
The people with experience get the money while people with money get experience!
The market is a place where people with money meet people with experience.
The people with experience get the money while people with money get experience!
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Posted: 09/Mar/2009 at 9:03pm
Is that why HP/BP is under pressure?
Edited by basant - 09/Mar/2009 at 9:06pm
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Joined: 20/Oct/2008
Location: India
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Posted: 09/Mar/2009 at 11:25pm
Originally posted by basant
Is that why HP/BP is under pressure?
I do not mean to look for state run oil enterprizes. Due to govt. intervention and control they may not fare well but i guess it makes sense to look into PRAJ, HOEL, CAIRN etc. Evaluation is down but who know when oil crisis may break out (US declares war with oil nation, oil nations fight with eacjh other and so on....). Anyway oil will not be down for next 3-4 yrs and it will sure peak in next 1-2 yrs due to any trigger. At that time oil stocks will also peak!
Joined: 30/Aug/2007
Location: India
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Posts: 1540
Posted: 09/Mar/2009 at 11:41am
hmm.........maybe i will buy EXXON stock........through ICICI international market investing.........no us govt subsidy ( Till now ) why go with carin shrain.........
i just need little bit of brain and money to do this thing.
why isn't anyone buying international stock in this forum?
there should be a thread for the US UK stocks........
that way i can proudly say i lost money in indian us and all of the world maket........it will be status symbol
Missing a train is only painful if you run after it! Not Matching the idea of success others expect from you is only painful if thats what you are seeking.
-- Nassim Nicholas Taleb
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