Crude Oil 5 yrs Chart
- Crude has come to multi year low. All are confused as it was one of the safest commodity to trade.
- Lot of trades have lost the fortune and money . Just look at the 5 yrs chart
- Whenever it tried to go high it was brought down. and it Consolidated.
- When Commodities consolidate, we should know that the economy has stopped growing and the Commodity will Crash.
- This is a lesson for all Commodity trades accross the world.
- Now the question is if the crude will stay at 35$ .Answer is no.If you have just a 3 yrs timeframe you can see Crude bounce back to 70$. All that you have to wait for is the US elections to get over and New US president to take charge and the World economy will start moving and so will the Oil price.
- One of the bigger Offshore and Onshore oil Exploration comapny in the world, they have 35000 Km of land for expolration.They have 2.1 billions of barrels of Oil exqualient.
- Th company also has a refining facility in 3 plces Vadinar,Stanlow,Kenya and it produces 7,50,000 barrels per day.
- They also operate 1400 Petrol Bunk outlets in India.
- Future Expansions and near term outlooks:
- The company has 2700 sq km of CBM.Of this the the Raniganj is going to commence production which will start adding to the profits of the company.
- The company is one the company which can produce Euro-V complaint deisel in the world.
- 200 retail outlets are plan to be rolled out comming years.
- With Strong Crude price and diverse and huge capability, the Company Stocks is set to reach 100 Rs in 2 yrs time frame
- HSBC expects the rupee to touch Rs 60 against 1 USdollar
- This will hugely increase the CAD as India buys Oil with Dollars and have to buy Dollars with more rupee.
- We see a impact of .5 to 1 % in CAD because of this
