Hi Rohit,
Good list....most of them I will like to be a shareholder in.
Coming to HPCL's case, I think its better to be with a pure refiner which gets a GRM rather than into a refining-cum-marketing company like an Indian Oil or a BP or a HP.
Was talking to dad a few days back regarding these OMCs, and i said awrong thing about Indian. he shot back immediately that isnt it a shame that India's largest company in listed domain is being treated like this. He says that those who talk wrong about Indian Oil should work out the scenario in case the company goes bust....
I understand thats not a good way of looking at things but his view has made me to rethink on my criticisms about Indian at least. These are not 300 crore turnover companies growing at 40 p.c. for first 5 years then at 30 p.c. for next 5 years and then maturing. These are perennial companies which will grow in topline at the rate at which the country grows.
Now as shareholders, returns may languish. But I see no way this company will not survive. The country needs this company.
this company may not be part of group here you can invest with worry-free. But those which are worry-free bets, are to be bought during bust period, when we get them at reasonable valuations.
I think, I can extend my opinion regarding Indian Oil to HP, BP as well....
Regards,
Vivek
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.. always good to hear a different view. would not learn from others if everyone agreed with me
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