SumanSpeaks: The Information Super Highway

Where is Crude Oil headed.. .... Photo : See it market The Crude oil has started to move northward, following rumors of a possible OPEC-Russia talks in February to cut the production by at least 5%. Crude Oil prices rose on Friday, rebounding more than 25 percent from 12-year lows hit last week and cutting losses for the month, on prospects of a deal between major exporters to cut production and curb one of the biggest supply gluts in history. For the week, Brent was 7.9 percent higher and U.S. crude 4.4 percent higher, paring their monthly losses to 6.8 percent and 9.3 percent respectively. Baker Hughes reported its weekly count of oil rigs in U.S. fields fell by 12 to a total of 498. At this time last year, drillers were operating 1,223 rigs in U.S. oil fields. Also on Friday, monthly data from the U.S. government's Energy Information Administration showed American oil production ticked down slightly in November. U.S. output stood at 9.318 million barrels per d...

Vedanta Ltd: Buy CMP: Rs.64.4 Vedanta Ltd's June bid for the rest of Cairn India Ltd could look more rosy as the crude price moves northwards. The commodity price stability means the offer of one Vedanta Ltd share, plus preferred stock, for every Cairn share could gradually approach Cairn’s market price. Mr.Agarwal has already taken several measure to cut costs and is in talks with banks, to restructure its debts. Anil Agarwal might even take the route of funneling cash up, through dividends or through intercompany loans as it has done in the past; as his back get pushed towards the wall, more and more.  Moreover, in a recent interview to a financial portal, Anil Agarwal, Chairman of Vedanta Group said that although commodity prices are currently under pressure and impacting the company’s business, they will be out of this situation soon, adding that Vedanta is at a comfortable position on Zinc and crude oil prices are also close to bottoming out. Vedanta Resou...

Do you know? Veer Energy Ltd (Rs.4.18) was recommended on 14 January, 2015 at Rs.3.30-3.50, for a target of Rs.5. That Target was reached long back. Meanwhile, the scrip made a 52-week high of Rs.6.69 on 5 January, 2016. The company has great future ahead. Therefore, the investors are suggested to accumulate the scrip when its price stabilizes, for a target above Rs.10, in the next 18 months.

DO YOU KNOW? In a representation made to the minister, Sopa has pointed out that as per the National Institute of Nutrition, the edible oil requirement of India with a population of 1,300 million comes up to 16.607 million tonne. As against this, the total oil availability in 2015 was 21.60 million tonne including 14.42 million tonne of imported oil, the Sopa chairman said.  Seeking curb on excessive import of edible oils, the Soybean Processors Association of India (Sopa) has asked the government to fix TRQ (tariff rate quota) of one million tonne for soybean to help the industry and farmers.  The reasons for the excessive import are low prices in the world market and low custom duty in India,” Sopa chairman Davish Jain said in a letter to commerce minister Nirmala Sitharaman. According to Jain, import of soybean oil is also having a deleterious effect on Indian farmers, the soy industry and soy meal exports. The soybean industry and farmers have now reached a st...

DO YOU KNOW? It is an irony that even after repeated trys, Saudis have failed to drown the US by flooding the markets with Crude oil (1.8 Mb/day of production). By now the Saudi Arabia might have understood their mistake and may work towards maintaining the much sought after Demand-Supply equilibrium. If this happens then we could see the Crude oil prices shooting above $60/barrel, triggering a rally in the Commodity market. For Indian shareholders, this could be music as most of the time, the share price movement (in the Indian bourses) had been been directly proportional to the crude price.

DO YOU KNOW? All the GDR's of Rasoya Proteins Ltd have been converted into Equity shares and in turn there are no outstanding GDR's and hence there are virtually no GDR's being traded on the Luxembourg Stock Exchange, hence the Company has decided to voluntary delist its GDR's from Luxembourg Stock Exchange. Shares of RASOYA PROTEINS LTD was last trading in BSE at Re.0.26 as compared to the previous close of Rs.0.27. However, the investors are suggested NOT to take FRESH positions, till some CLARITY over the issue emerges.