Saturday, October 19, 2013

SECTOR FOCUS - OIL EXPLORATION AND ALLIED SERVICES CONT...

2) SELAN EXPLORATION

Selan Exploration is another company from this sector one can look into.I have already recommended this stock in November 2010 even at a higher price( Use the search option for details) .Due to the bleak picture of the  industry ,share price came down thereafter. As I mentioned last week ,I hope a reversal in the fortunes of this industry in future . During  this week itself stock price gained by  Rs.20 .Requesting to Buy in a correction around Rs.280 level and HOLD for long term.

52 comments :

  1. Dear VPji

    I think you missed my query in earlier thread....

    What do you think the prospects of Cairn India and HOEC? I feel they are much attractive and better bets in this sector than the ones you mentioned .

    Also to specifically mention CAIRN their realsiations are in dollar terms and in the years to come will be immensely benefitted due to US economy reviving

    In addition the company is also having large unexplored gas reserves in Mannar Cambay Basins in Lanka and is also globally diversifying its asset base...

    So its very surprising why this was not your top pick of the lot.

    Regards
    Ravi

    ReplyDelete
    Replies
    1. Cairn India recommended more than once before management change.Even company having good assets ,I am not sure what will happen under the new management of Vedanta and will they give anything to the minority share holders.In short - I am still positive on cairn but not as earlier.

      Delete
  2. " Use the search option for details"

    Sir,
    Don't find Search Option in this Blog. Long back a 'Search Bar' used to be there but that was removed. Has it been restored ?

    ReplyDelete
  3. sir,
    Kindly reply sir, i asked you in my last mail about Bluestar infotech, you told to wait me until results, now results are out, kindly comment whether it is a buy, & how do you view the results.

    ReplyDelete
  4. Hi VP,

    I need your opinion on the following stocks.. I am looking to create a long term portfolio and confused on which one to increase my stakes. I am a long term investor and can hold for next 3 yrs or so.
    Your opinion is highly appreciated.

    SPARC vs Suven Life sciences
    ONGC vs Petronet LNG
    Ultratech cement vs Shree cements

    Currently I am holding all of these and would like to consolidate to one in their sectors.

    ReplyDelete
  5. Please don't delete this ..

    What is your take on Simran Farms and Puneet Resins.

    ReplyDelete
    Replies
    1. Both are PCA stocks and considering current volume no chance to come out of it ,anytime soon.

      Delete
  6. Dear VP,
    I have purchased 100 shares of Astral poly technik at Rs. 199. What are the prospects for the company. They have started a new plant in south india to cater to the south indian markets.

    ReplyDelete
    Replies
    1. Good company,keep a tab on raw material cost which is sensitive to crude price.

      Delete
  7. Dear Sir,

    What are your views about Dolphin Offshore ?
    They have clean and transparent management ? Can it considered for longterm @CMP of 70....

    ReplyDelete
  8. sir in ereference to sintex you mentioned new acquisition .ARE you refering to 2 cos german and polish acquisitoin in12-13. was that 170 cr or 1700 cr. thanks

    ReplyDelete
    Replies
    1. Not mentioned about any acquisition by sintex,but setting up of new Spinning Unit in the state of Gujarat.

      Delete
  9. sir ur view on thomas cook and mayur uniquoter
    thank u

    ReplyDelete
  10. any views on NHPC and SJVN?

    ReplyDelete
  11. Should I buy IDBI Bank at current level?

    ReplyDelete
  12. what is your view on HCC?

    ReplyDelete
  13. Requesting your view on oil india they have cash around 1.4 B$ and a market cap of 4.5B $

    Shefali

    ReplyDelete
  14. Dear Sir,

    Could you please give your valuable feedback on Jubilant lifesciences?

    My buy price is 83.5 and currently its value is around 73. Should I book loss or hold it for long term?

    Thanks,
    Krishna

    ReplyDelete
  15. Dear VP,
    I have purchased 100 shares of Tata Gobal at Rs 155. Can I hold it for a long term.

    ReplyDelete
  16. VP Sir,
    When will PCA revision happen? What are the prospects of Arrow coated products coming out of PCA?. It has 30day avg volume of 18,474 now which is far below 10,000 daily volume standard.

    ReplyDelete
    Replies
    1. Revision will happen in every quarter.Arrow Coated already out of PCA

      Delete
  17. Dear Valuepick!! Hope you are fine. My earlier message in this thread on (1) Insecticides India and (2) Advanta have not replied. Both the stocks I had purchased considering robust Monsoon this year that helped increased acreage in Kharif sowing in the country. But Insecticides is falling day by day. Also, Advanta has shown not a very good result in Sept 13 Q. Whether this is opportune time to accumulate more for both these stocks?? Shall be grateful for your reply.

    warm regards!------Follower

    ReplyDelete
    Replies
    1. Not tracking Insecticides India

      Positive on Advanta

      Delete
  18. Dear sir,
    Wockhardt has received another withdrawal of GMP certificate from UKMHRA for another plant- in your disclaimer you had mentioned that you had vested interest in Wockhardt, still you have sir, please clarify your beloved readers about the recent develoments & your views sir, please.

    ReplyDelete
    Replies
    1. Cancellation of approvals are negative ,anyway.But I believe company will come out of all these issues in reasonable time .Waiting for the major decision of USFDA on Chikalthana and if it is negative that may offer a good opportunity to add more for high risk long term investors.

      Delete
  19. Dear sir,

    Your take on Yes bank results

    ReplyDelete
  20. Hi VP,

    Could you please provide updates on the company Avantel.

    Thanks,
    Sankar

    ReplyDelete
  21. Dear VP,

    I have posted the same question before , but seems to be skipped in between various queries posted to you.

    What is your current opinion of you about Ashapura Minchem. I have around 1850 shares @ 42.10

    Many thanks in advance
    George

    ReplyDelete
  22. VP sir,
    Can I have your opinion on Dr Datsons Labs for short term or long term.

    ReplyDelete
  23. sir your view on heritage result except dairy part everything in loss when all the sectors turning into profitable condition

    ReplyDelete
    Replies
    1. Latest result of heritage foods were below expectation.As you are aware the non dairy business eating the profit for the past many quarters especially the retail division. Since this company having some political connections and there is some controversy about the FDI in retail ,its plans to divest a part of stake in retail arm not materialised so far.Since parliament election is nearing ,management may not in a position to take a stand on this subject in a hurry .I expect some stern decisions post parliament election in this matter by company management.Stock may move range bound till then.

      Delete
  24. VP SIR
    i tried to search information on sintex regarding new spinning unit in gujrat
    which you have mentioned,but couldnt find.
    please help

    ReplyDelete
    Replies
    1. No need to search elsewhere ,check the second point in the below BSE link itself.

      http://www.bseindia.com/corporates/anndet_new.aspx?newsid=da9e9e6d-b97c-40c6-9876-b7ac56388c91

      Delete
  25. Dear VPji

    can i hold RSSoft & Hexware for long term ?

    S.VENKATESH

    ReplyDelete
    Replies
    1. Not tracking both, I prefer Persistent from small/mid cap IT Space.

      Delete
  26. Sir, your views on Asian Paint, Wipro for long term

    ReplyDelete
    Replies
    1. Asian Paints- Valuation is bit Stretched,consider after correction.

      Wipro - Not tracking

      Delete
  27. Hi valuepick
    Can you plz discuss two scenario s after USFDA decision.Do you still recommend buying if it falls drastically after a negative decision?

    ReplyDelete
    Replies
    1. Yes ,if it fall drastically I think it is an opportunity for an investor if and only if ready to HOLD Wockhardt with patience for a period of 1.5 to 2 years.

      Delete

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