Monday, February 6, 2023
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA
  • CCPA
Oil Market News Today
Advertisement
  • Home
  • Market
    • All
    • Africa
    • Europe
    • Middle East
    • Russia
    • US
    • Venezuela
    Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

    Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Construction of Dangote oil refinery Africa’s largest nears completion

    Construction of Dangote oil refinery Africa’s largest nears completion

    Oil rises further from 3-week lows, but headwinds loom amid pandemic

    Oil rises further from 3-week lows, but headwinds loom amid pandemic

    TC Energy says new U.S. permit to boost Keystone pipeline oil exports by

    TC Energy says new U.S. permit to boost Keystone pipeline oil exports by

    • US
    • Russia
    • Europe
    • Middle East
    • Africa
    • Venezuela
  • Oil News
  • Oil & Gas
  • Diesel
  • Oil Price
  • Politics
  • Industry
  • Companys
  • Production
  • Natural Gas
No Result
View All Result
  • Home
  • Market
    • All
    • Africa
    • Europe
    • Middle East
    • Russia
    • US
    • Venezuela
    Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

    Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Construction of Dangote oil refinery Africa’s largest nears completion

    Construction of Dangote oil refinery Africa’s largest nears completion

    Oil rises further from 3-week lows, but headwinds loom amid pandemic

    Oil rises further from 3-week lows, but headwinds loom amid pandemic

    TC Energy says new U.S. permit to boost Keystone pipeline oil exports by

    TC Energy says new U.S. permit to boost Keystone pipeline oil exports by

    • US
    • Russia
    • Europe
    • Middle East
    • Africa
    • Venezuela
  • Oil News
  • Oil & Gas
  • Diesel
  • Oil Price
  • Politics
  • Industry
  • Companys
  • Production
  • Natural Gas
No Result
View All Result
Oil Market News Today
No Result
View All Result
Home Market

PSUs rally on buzz of global oil companies’ interest in BPCL stake

July 18, 2020
in Market
PSUs rally on buzz of global oil companies’ interest in BPCL stake
Share on FacebookShare on Twitter


Latest Oil MArket NewsPosts

Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

Mumbai: Shares of Bharat Petroleum Corporation (BPCL) and about a dozen state-owned companies rallied between 5 per cent and 13 per cent on Friday over the report that global oil majors are showing interest in buying a majority stake in BPCL, which could lead to a re-rating of the undervalued PSU stocks.

While BPCL gained 13 per cent, Hindustan Aeronautics rose 12 per cent. Bharat Dynamics, Chennai Petroleum, HPCL, Hindustan Copper and NBCC among others gained between 5 per cent and 10 per cent.

According to analysts, the government will try to get higher value in BPCL by maintaining better financial health through higher net marketing margins on petrol & diesel, which would benefit all oil marketing companies (OMCs).

psu-graph

“Higher net marketing margins would be positive for all OMCs and thus benefiting not only BPCL, but also HPCL and India Oil Corporation,” said Arjun Yash Mahajan, head – institutional business, Reliance Securities.

Global energy majors such as Saudi Arabia’s Aramco, Russia’s Rosneft, Exxon Mobil and Abu Dhabi National Oil Co are in the race to pick a 51 per cent stake in BPCL, according to a report by ETNow. The government recently extended the date for bids for BPCL stake to July 31.

ETNow said most bids are likely to come around Rs 1.2 lakh crore against the current market capitalisation of Rs 96,000 crore. Apart from strategic divestment, better valuation and liquidity also drove the rally in PSU stocks, said analysts.

“There is some bit of strategic divestment which along with liquidity and low valuation is fuelling the PSU rally,” said Gurmeet Chadha, co-founder, Complete Circle Consultants.

HPCL, Ircon International, BEML, ONGC, Indian Oil Corporation and NMDC are currently trading near to their book value or below the book.





Read More: PSUs rally on buzz of global oil companies’ interest in BPCL stake

Tags: BPCLbuzzCompaniesdivestmentGlobalGovernmentinterestoiloil companiesPSUsRallystake

Related Posts

Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field
Middle East

Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

by Oil Market
July 31, 2020
0

China National Petroleum Corp. is in talks to acquire part of BP Plc’s stake in a key gas field...

Read more
Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact
Russia

Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

by Oil Market
July 31, 2020
0

Global Ginger Essential Oil Extract Market Size, Status and Forecast 2020-2026 now available with Magnifier Research shows a compilation...

Read more
Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact
Russia

Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

by Oil Market
July 31, 2020
0

Global Ginger Essential Oil Extract Market Size, Status and Forecast 2020-2026 now available with Magnifier Research shows a compilation...

Read more
Construction of Dangote oil refinery Africa’s largest nears completion
Africa

Construction of Dangote oil refinery Africa’s largest nears completion

by Oil Market
July 31, 2020
0

Dangote oil Refinery, which is expected to be Africa’s largest oil refinery and the world’s biggest single-train facility upon...

Read more
Oil rises further from 3-week lows, but headwinds loom amid pandemic
Europe

Oil rises further from 3-week lows, but headwinds loom amid pandemic

by Oil Market
July 31, 2020
0

TOKYO (Reuters) - Oil prices recovered further ground on Friday, after touching three-week lows in the previous session, responding...

Read more
TC Energy says new U.S. permit to boost Keystone pipeline oil exports by
US

TC Energy says new U.S. permit to boost Keystone pipeline oil exports by

by Oil Market
July 31, 2020
0

The CEO of TC Energy Corp. says the company will begin moving more oil from Western Canada into the...

Read more
Next Post
Unhappy about high Alaska natural gas prices? There aren’t easy solutions.

Unhappy about high Alaska natural gas prices? There aren’t easy solutions.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Today Oil Markets

Global Oil and Gas Upstream Activities Market Expected to Reach Highest

Global Oil and Gas Upstream Activities Market Expected to Reach Highest

3 years ago
COVID-19 Update: Global Angelica Seed oil Market is Expected to Grow at a

COVID-19 Update: Global Angelica Seed oil Market is Expected to Grow at a

3 years ago
Shale producer Diamondback Energy cuts 2020 production forecast – ET Energy

Shale producer Diamondback Energy cuts 2020 production forecast – ET Energy

3 years ago
Enverus: Indicators to Quantify Rebounding Shale Industry Go Beyond Just

Enverus: Indicators to Quantify Rebounding Shale Industry Go Beyond Just

3 years ago
Iran Could Flood Oil Markets If Biden Becomes U.S. President | OilPrice.com

Iran Could Flood Oil Markets If Biden Becomes U.S. President | OilPrice.com

3 years ago
Neutral Antirust Turbine Oil Market Size 2020, Global Industry Trends,

Neutral Antirust Turbine Oil Market Size 2020, Global Industry Trends,

3 years ago

Oil Market

Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

July 31, 2020
Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

July 31, 2020
Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

July 31, 2020
Construction of Dangote oil refinery Africa’s largest nears completion

Construction of Dangote oil refinery Africa’s largest nears completion

July 31, 2020

Russia Oil Market

Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

July 31, 2020
Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

July 31, 2020
CORONAVIRUS (COVID-19) IMPACT ON Sandalwood Essential Oil Market OUTLOOK,

CORONAVIRUS (COVID-19) IMPACT ON Sandalwood Essential Oil Market OUTLOOK,

July 29, 2020
Gas, Oil and Dual-fuel Burners Market Size 2020, Global Industry Trends,

Gas, Oil and Dual-fuel Burners Market Size 2020, Global Industry Trends,

July 28, 2020

Europe Oil Market

Oil rises further from 3-week lows, but headwinds loom amid pandemic

Oil rises further from 3-week lows, but headwinds loom amid pandemic

July 31, 2020
Shell posts $18billion loss in second quarter – News for the Oil and Gas

Shell posts $18billion loss in second quarter – News for the Oil and Gas

July 30, 2020
Path to net zero: European oil majors outpace US companies on climate goals

Path to net zero: European oil majors outpace US companies on climate goals

July 29, 2020
Oil price holds near four-month high amid bearish signals – News for the

Oil price holds near four-month high amid bearish signals – News for the

July 28, 2020
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA
  • CCPA

© 2020 MarketFor Oil.com

No Result
View All Result
  • Home
  • Market
    • US
    • Russia
    • Europe
    • Middle East
    • Africa
    • Venezuela
  • Oil News
  • Oil & Gas
  • Diesel
  • Oil Price
  • Politics
  • Industry
  • Companys
  • Production
  • Natural Gas

© 2020 MarketFor Oil.com