Essar Energy Share Discussion Threads

[hvs] 09/5/2012 09:55

Could KINGFISHER be eyeing a stake ?

Mallya needs cheap fuel very badly.

[xdan2007] 08/5/2012 15:15

same as his ved thread

[badmumba] 08/5/2012 13:22

Just reading one of your threads ninja ,2011 "short BARC to 50p" , you'v certainly got it sussed ,lucky your not playing with real money !!!

[ninja 19] 08/5/2012 11:31

After the pump now the dump.



30.56p target

[badmumba] 30/4/2012 12:01

That would be nice ,i wonder if there is something else that will come out this week ,up 15p on a bad market day .

[gerri-c] 30/4/2012 11:55

Even with the issues this company has had perhaps people have begun to realize the value in their stock. Merrill Lynch forecast a doubling of the March share price, setting a target price of 265p. (That would be nice)

[badmumba] 30/4/2012 11:30

Dont know ,i said on Wednesday it would bounce .

[hem008] 30/4/2012 11:19

Anyone - why the rise?

[noon] 27/4/2012 05:44

Essar Oil renews product sale and purchase agreement with Bharat Petroleum

April 26, 2012: Essar Energy plc [LSE: ESSR], the India-focused integrated energy company, today announced that its subsidiary Essar Oil Ltd has renewed a major product sale and purchase agreement with Bharat Petroleum Corporation Limited (BPCL).

The renewed four year agreement, running up to 2016, is for supply of diesel, petrol, kerosene and aviation turbine fuel to BPCL from Essar Oil's Vadinar refinery. It also entitles Essar Oil to purchase products from BPCL and gives the two companies the option of sharing each other's distribution infrastructure.

S Thangapandian, chief executive officer, Marketing, at Essar Oil, said: "We are delighted to further cement our long-term relationship with BPCL. Essar Oil has emerged as the biggest supplier for fuels for BPCL. With our expanded capacity coming on stream, we are fully geared to serve the growing demands of high quality fuel for the nation."

Essar Oil has similar product sale and purchase agreements with two other leading oil marketing companies from the public sector, Indian Oil Corporation Limited and Hindustan Petroleum Corporation.

Essar has recently completed the $1.81 billion phase 1 expansion of its Vadinar refinery, which has increased its capacity from 14.7 million tonnes a year (300,000 barrels per day) to 18 million tonnes a year (375,000bpd), and also improved complexity from 6.1 to 11.8 A further optimisation project, currently underway, will increase capacity further to 20 million tonnes (405,000bpd) by September 2012.

The Vadinar refinery, which is among the most complex refineries globally, has the flexibility to produce higher value, high-quality products, including gasoline (petrol) and gasoil (diesel) conforming to Euro IV and V norms, that are increasingly required in domestic and international markets.

[badmumba] 25/4/2012 09:48

This will bounce back ,only thing to worry about is the coming summer lull ,may get sideways markets for a while .

[penycae] 25/4/2012 09:40

LLoyds got a lot of faith in it.

[hvs] 23/4/2012 12:34

Border control in this country really need to be sorted.

[burkedavid] 23/4/2012 09:12

any ideas on the daily drop here ?

[badmumba] 20/4/2012 15:57

Should bounce back ,this is up and down like a brides nightdress.

[mustau] 20/4/2012 08:12

Didn't take long for share mags stop loss!

Time to top up.

[penycae] 16/4/2012 14:40

Seems fair enough.

[niku] 12/4/2012 09:37

buy in shares magazine today upto 217 stop loss 137

[mustau] 04/4/2012 08:10

Call, courts rejects tax issues.