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BIG POSITIVE ALERT FOR ONGC: since 27th october, brent crude remained, traded and closed above 60 dollars per barrel and after coming close to 65 dollars, it seen some profit booking due to increased oil production from usa. however, this week political developments in saudi arabia are seen as a move to protect higher oil prices and global oil analysts are seeing 70 dollars crude within december. ONGC is the single biggest gainer from this development. on 30th opec meet is scheduled where ten other non opec oil producers too meet including russia, and it is widely expected that production cuts that started from january 2017 will continue beyond march 2018 and this announcement will push brent crude to 70 minimum and 75 maximum. I see ongc hitting to minimum 190 and maximum 200 in december. ( 29 days ago )
  amateurinvestor  4347 followers
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Full year extension already priced! i already told dnt trap this call!. ( 18 days ago )
  MUtrades  43 followers
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POSITIVE ALERT FOR ONGC: as per my assumption, hpcl buying out mrpl will be the first step and this will be completed within this fiscal that will fetch huge monies for ONGC. then ongc buying hpcl will happen early next fiscal so that ONGC posts great q3 and q4 results and pay huge dividends for this fiscal. ( 29 days ago ) |      
  amateurinvestor  4347 followers
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Any news on aquizition of hPcl and mrpl by ongc? ( 29 days ago )
  deandr  13 followers
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