What to Buy and Why - Oil Drilling & Exploration
Posted date - 6 Mar 2008
Reason to Buy - Due to heavy demand for oil in India as well as overseas, oil drilling and exploration sector will be in news in near future.
Following are the companies which are primarily involved in this field.
Caution - Markets are very volatile and directions are not yet confirmed.
Stock to Buy - Oil & Natural Gas Corporation Ltd (ONGC)
Financial earning of ONGC Ltd
| Financial year |
Operating Income
(in crore) |
Net profit (in crore) |
| March 2007 |
56,913.4 |
15,642.9 |
| March 2006 |
47,989.7 |
14,430.7 |
| March 2005 |
46,159.4 |
12,983.05 |
| March 2004 |
31,649.6 |
8,664.45 |
Returns
CMP - Rs. 991.35
EPS - 76.91 (TTM)
PE - 12.84
Currently the stock is almost 28.4% down from its all time high price.
The good returns are expected in 15 to 24 months.
(TTM - Trailing Twelve Months)
Stock to Buy - Gail (India) Ltd
Financial earning of Gail (India) Ltd
| Financial year |
Operating Income
(in crore) |
Net profit (in crore) |
| March 2007 |
16,036.5 |
2,386.6 |
| March 2006 |
16,354.5 |
2,310.07 |
| March 2005 |
13,605.5 |
1,953.9 |
| March 2004 |
11,950.5 |
1,869.3 |
Returns
CMP - Rs. 404.05
EPS - 26.25 (TTM)
PE - 15.36
Currently the stock is almost 27.2% down from its all time high price.
The good returns are expected in 15 to 24 months.
(TTM - Trailing Twelve Months)
Stock to Buy - Jindal Drilling & Industries Ltd
Financial earning of Jindal Drilling & Industries Ltd
| Financial year |
Operating Income
(in crore) |
Net profit
(in crore) |
| March 2006 |
304.4 |
17.95 |
| March 2005 |
223.8 |
6.98 |
| March 2004 |
100.7 |
9.07 |
| March 2003 |
125.2 |
7.34 |
Returns
CMP - Rs.1,151.65
EPS - 19.52 (TTM)
PE - 58.55
Currently the stock is almost 46.9% down from its all time high price.
The good returns are expected in 15 to 24 months.
(TTM - Trailing Twelve Months)
Stock to Buy - Reliance Natural Resources
Ltd
Financial earning of RNRL Ltd
| Financial year |
Operating Income
(in crore) |
Net profit
(in crore) |
| March 2007 |
150.6 |
29.86 |
| RNRL is a new company |
Stock to Buy - Aban Offshore Ltd
Financial earning of Aban Offshore Ltd
| Financial year |
Operating Income
(in crore) |
Net profit
(in crore) |
| March 2007 |
495.77 |
99.6 |
| March 2006 |
491.17 |
83.82 |
| March 2005 |
290.16 |
51.72 |
| March 2004 |
277.48 |
47.29 |
Returns
CMP - Rs. 120.25
EPS - 0.4 (TTM)
PE - 300.5
Currently the stock is almost 51.5% down from its all time high price.
The good returns are expected in 15 to 24 months.
(TTM - Trailing Twelve Months)
Returns
CMP - Rs. 3,753.65
EPS - 40.46 (TTM)
PE - 92.77
Currently the stock is almost 30.6% down from its all time high price.
The good returns are expected in 15 to 24 months.
(TTM - Trailing Twelve Months)
Stock to Buy - Shiv-Vani Oil & Gas Exploration
Services Ltd
Financial earning of Shiv-Vani Oil & Gas Exploration Services Ltd
| Financial year |
Operating Income
(in crore) |
Net profit
(in crore) |
| Dec 2006 |
205.1 |
25.66 |
| Dec 2005 |
175.5 |
19.79 |
| Dec 2004 |
135.7 |
14.83 |
| June 2003 |
76.44 |
8.50 |
Returns
CMP - Rs. 548.3
EPS - 10.09 (TTM)
PE - 53.97
Currently the stock is almost 25.6% down from its all time high price.
The good returns are expected in 15 to 24 months.
(TTM - Trailing Twelve Months)
Stock to Buy - Hindustan Oil Exploration
Company Ltd
Financial earning of Hindustan Oil Exploration Company Ltd
| Financial year |
Operating Income
(in crore) |
Net profit
(in crore) |
| March 2006 |
114.51 |
2.47 |
| March 2005 |
94.24 |
17.49 |
| March 2004 |
85.53 |
38.48 |
| March 2003 |
38.34 |
22.12 |
Returns
CMP - Rs.100.75
EPS - 0.52 (TTM)
PE - 192.54
Currently the stock is almost 42.9% down from its all time high price.
The good returns are expected in 15 to 24 months.
(TTM - Trailing Twelve Months)
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Target Acheived on 23 April 2008
Returns = 50% in One Month. It went high at Rs.157.50 on 23 April 2008.