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Does Cairn India deserve a a look at these levels ?

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Submitted by Anonymous on August 28, 2009 - 16:32

SHOULD I BUY CAIRN INDIA AT THIS LEVEL


»
Submitted by stockguru on August 29, 2009 - 04:49. #

CAIRN INDIA LIMITED

Govt has approved the revised Mangala field development plan, which included an increased offtake of 125,000 bopd for Mangala, a higher processing capacity of
205,000 bopd for the Mangala processing terminal, and a pipeline to
Gujarat.

As per pricing formula between IOC and Cairn there will be a 10-15% discount to Brent crude.

Initially, till the completion of the pipeline to Gujarat, oil will be trucked to the Gujarat coast and will be shipped to MRPL and HPCL. The sale of oil to
IOC will be through the Company’s existing pipeline network in Gujarat.

All facilities and logistics for trucking at Train 1 with capacity of 30,000 bpd are complete at both the Mangala processing terminal in Rajasthan and the receiving port at Kandl.

Cairn India will see significant boost in revenue and profit once all fields in Rajasthan comes online.

Stock is attractive for investors who can hold it until 2014 .

Company is also aggresively looking for new oil and gas in Lanka and across India.

 

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