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1 Jan 2008

ONGC: Scrip to Watch in 2008

1. It is no doubt that oil exploration companies are going to reap harvest by virtue of strengthening of oil price and it is being anticipated that oil may rule greater than $100 per barrel.


2. ONGC has interests in 85 domestic blocks including 52 offshore fields. It has to its credit 28 discoveries in past two years.

3. IPO of Oil India in next few months can provide a new valuation to ONGC.

4. Icing on cake is its interests in MRPL, Petronet LNG, GAIl and IOC. Invest to reap a good harvest.
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