All of these are drilling oil for India's future. If they strike OIL , shareholders become rich if not they go nowhere.So where should I put money ?
I am sure that oil price will go higher in future. Middle east will remain unstable and nuclear development by Iran could create more tension between Israel and other neighbor. Any tension in middle east will take OIL prices to record high. Of course these are my predictions.
About rahul das
ONGC Q1 result are due on 23rd. Stock is trading at Rs 998 today . With oil prices mostly down this quarter , is profit going to be substantially down ? Is it time to sell ONGC before it plunges ?