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Oil & Natural Gas Corporation Ltd Long Fundamental Analysis Oil and Natural Gas Corporation Ltd. is the largest crude oil and natural gas company in India, contributing almost seventy one percent to Indian domestic production, and is also the one of most profitable PSU in India. Revenue Mix of the company • Crude Oil - 70% of FY21 revenue • Natural Gas - 17% of FY21 revenue • Value Added Products(VAP) - 13% VAP includes products such as LPG, Naphtha, Ethane – Propane, Butane, and superior kerosene oil. ONGC is catering 93.5% of revenue is from India and 6.5% through International Trade. Key Data : Stock PE Ratio 3.48 Industry PE Ratio 17.8 PB Ratio 0.67 Current Market Price INR 138 Book Value INR 206 ROE 19.50% Dividend Yield 7.62% High/Low 195/120 52W Index 24% PEG Ratio 0.24 ** Eye opening facts are, book value of company is INR 206 while stock is traded with stock exchange around INR 138. ** PE Ratio of stock is mere 3.48 as against Industry PE ratio of 17.8 ** As per recent quarterly data, revenue is rising on quarter on quarter basis. ** Global Crude oil price is set on rise since couple of days. ONGC is one of the largest crude extraction companies as far as India is concerned. So, increase in crude price in global level favorable for ONGC. As per Elliot Wave, stock is likely to touched INR 148 in couple of days. However with strong backing of fundamental data and global trend, stock may touched his 52 week high ( INR 195) once again in couple of days. ** I am not SEBI Registered Investor. This business analysis is for education purpose only. Your comments/suggestions are welcome.
NSE:ONGCLong
by UnknownUnicorn39322609
BLUE LINE - Last Support For Crude OilIs this it? Headed into the end of 2023 - are we going to see Crude Oil fall below $76 ppb as COVID & economic concerns trap the global economy into a contraction phase? My research suggests Crude Oil will attempt to find support near $63 to $65 before attempting to bottom. From current levels, this suggests a -$30 ppb downward price trend is likely. Two things are likely driving this trend: Lack of global demand Inflation/Price concerns Has the current Flag/Pennant reached the APEX and is price attempting to break downward? Time will tell... Follow my research.
NYMEX:CL1!Short
by BradMatheny
So, I looked at the CNY (Chinese Yuan or Juan) more, and..Check out my most recent publishing(s) referring to this particular exchange rate in the "Related Ideas" section below if your interested in the USDCNY. I took a closer look at my in-depth analysis over the weekend and felt as though it needed some adjustments (additions*) + further complication.. but its for the better.. hear me out. Ive been spending the last month or so, and will be spending as much time as necessary to catch up and become more and more familiar with what's appearing to become an even more disastrous real estate market than what we know to be the worst recorded event (in relativity) in capitalism history. ("the 2008 financial crisis") This event could be worse, simply due to the fact that China is so powerful.. (which is good for us; the money managers!) As a trader, its important to consider the recent upturn regarding political and socioeconomic gossip. IYKYK There is plenty of public and freely available information on how to approach any market using fundamental risk management. Save this, be patient, and ask questions. Happy trading, and good luck!
by Bobbyusesfib
Are you prepared for what's next?Long-term cycle analysis shows we are already past the end of an Appreciation Cycle Phase. This means the global markets are shifting into a Depreciation Cycle Phase (similar to the unraveling of credit/debt in 2006~09. If you have not already prepared for this, you need to start thinking about what the next 5 to 7+ years are going to look like and how you need to protect your assets. I know what I'm doing RIGHT NOW in preparation for this deflationary price cycle. Asset and Commodity prices have already spiked to multi-year highs. Capital is flowing away from China/Asia, and parts of Europe, as continued credit/debt and consumer/economic factors contract. You better believe, at some point, these trends will be reflected in the US markets - they just have not shown up right now. The FED may change all that THIS YEAR. So, don't say I didn't warn you. I'm ranking this as NEUTRAL related to US Major Market Trends. Things could go either direction over the next 6+ months, but I see more downside risk than upside opportunity right now. Follow my research.
ECONOMICS:USCSHPIMM
by BradMatheny
EURNZD - Macroeconomic, Global Macro...EUR is the most inflationary currency, whereas NZD is the most deflationary. Based on Micro Bias, Global Macro Bias, and other factors... My strognerst number was never assigned to this pair.... Consequently, I will maintain my short position in the EURNZD, and based on current information, we might continue in this manner for another week... Someone among you who has been following the previous three transactions on the EURNZD, Continue reading and don't shut your browser! :)
Short
by Idealadvantage
Gold - We're in the end game nowWill they dump the rock for the block ? (#Crypto) With current Global news and economic sanctions, inflations, energy waste to create value (Gold mining cost / vs Crypto Mining cost). Hate to keep repeating the question we are all asking. Who will win. I bet that our grandchildren will laugh when they learn history that we once used rocks ( Gold ) to determine what had value once ( Food, Homes, Transport, Wealth) who ever has the most rocks is the richest.... Uhmm kayy ? Why couldn't they just be coins on an app on your phone to save space, transport cost ? And now, the less fortunate get to buy more gold @ cheaper prices ( Their wants in life ? ) as an oppose to gifting your loved one uhmm... ??? A SILVER BRACLET ??? Sorry for raging @ the end I mean, what wrong with being rich? Forever ? I see money flowing out of everything. And I also see IMMENSE buying pressure in Crypto in recent days I'm betting on the future. And Letting the past go.
TVC:GOLD
by BoredNinjaClub
BTC bounced from resistanceBTC managed to reach $39.2k but wasnt able to break and dropped, Meta (Facebook parent company) stock dropped 25% today (last 24hrs), due to a poor Q1 report from them, which is the reason for todays weakness. Global market is also showing weakness. According to chart, BTC is still stuck in the downtrend (falling wedge), this pattern needs to be broken and will make BTC very bullish if it is. $39-41k is the major resistance and $33-35.5k is current support levels, with $30k being a major support. Entries are possible in either a breakout or when BTC touches the support. Trade between the lines, trade safely
by sebastianjohansen
Global Markets Falling Off A CliffChina, Europe, Asia, Africa could see a -10% to -22% collapse over the next 60+ days if consumers shift assets away from risks associated with the current COVID & debt/credit issues plaguing foreign markets. China, in particular, could be on the cusp of a "Great Recession". This could drive other foreign markets deeper into trouble in early 2022. My opinion is the US markets may see some extended downside price volatility, but may quickly recover and trend higher if these global crisis events are somewhat isolated and contained. Certainly, traders need to be prepared for extreme volatility over the next 90+ days. I believe China is in far worse shape than many people currently believe. These debt/credit issues are entrenched in finance/banking in China/Asia. I believe the more mature Asian economies could be headed for complete debt collapse over the next 2+ years. Pay attention. Follow my research.
AMEX:SPYShort
by BradMatheny
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