Tuesday, March 11, 2014

Selan Exploration a potential multibagger for long term investing

7:52 AM  , , , ,  7 comments
Selan Exploration, a potential multibagger is into exploration & production of oil & gas.It currently operates 5 small fields in Cambay onshore-Lohar, Bakrol, Indrora, Ognaj and Karjisan.These oil fields were awarded to the company in 1995-2000 under a Production Sharing Contract (PSC) with 100% participating interest by the Government of India.Selan was subsequently awarded two more fields in Gujarat namely Ognaj Oilfield and Karjisan Gas field.In-place resource stands at 73 mmbbl(million barrels)& 7 mmbbl in Bakrol & Lohar respectively.Production level is currently at ~660 bpd(barrels per day). 
The Promoters and Management have extensive experience and domain knowledge in the field of Petroleum Exploration, Development and Production as well as in the field of Geophysical Data Acquisition, Processing and Interpretation. This share is not for short trading, it is for long term investing.

Ashish Chugh on Selan
Cash flows for Selan Exploration is very healthy, one must have attribute for a multibagger stock. Selan is into Oil Drilling And Exploration sector and this is a recession-free industry, wherein whatever industry produce instantly gets sold and in fact there is no competition in the business and no marketing expenses involved. Selan was not getting approvals from the Indian Director General of Hydrocarbons and there were absolutely no approvals between 2010 and 2012, .So that was what was diminishing the growth of the company and that factor seems to have got corrected. 
As this investment stock has already seen a run-up from Rs 300 to about Rs 450-460 levels in a very small period of time, it may take a pause at these levels or maybe there could be some correction also from these levels. 

Value Investor, Porinju on Selan
Read Porinju's view on Selan on long term investing

Why Selan Exploration is a must have in portfolio for long term financial planning

The Company has no debts. Cash flows for Selan are very rich. The company's real potential yet to come in real world. And the company is into oil drilling sector and as the company is already established, the expenses is really less. 

 Share chart for 6 months from Moneycontrol.com

7 comments:

  1. UnknownApril 22, 2014 at 4:45 AM

    UPDATE : KINDLY BOOK FULL PROFIT IN SOYABEAN BUY CALL FINAL TARGET ACHIEVED.
    Read More: Commodity Tips

    ReplyDelete
  2. UnknownMay 5, 2014 at 12:36 AM

    It was very good blog providing some important information about stock market. Thanks and appreciate blog author for giving valuable information.

    Best stock tips provider in india

    ReplyDelete
  3. UnknownJune 3, 2014 at 4:15 AM

    Great and intresting news of stock market is offered on this blog. Which is really helpful to learn about stock market.
    intraday gold silver tips

    ReplyDelete
  4. UnknownJune 25, 2014 at 3:59 AM

    After a volatile session, the market ended on a flat note with negative bias. The Sensex was down 55.16 points at 25313.74

    Option Tips

    ReplyDelete
  5. freestocktipsequitytipsJuly 10, 2014 at 3:50 AM

    a financial plan is a series of steps or goals used by an individual or business,you have given very useful post for every one & i like your way.

    Equity Trading Tips

    ReplyDelete
  6. UnknownJuly 16, 2014 at 3:20 AM

    UPDATE: ADANI ENETRPRISES 440 CALL TG2- 17.00 ACHIEVED (CMP- 18.00), BOOK MORE PROFIT, TG3- 20.00 Stock future advisory

    ReplyDelete
  7. UnknownAugust 2, 2014 at 2:37 AM

    You have introduced here very nice stock for investment,You have here given a great report on it so anybody can easily knows about the future fundamentals about it.Thanks for sharing here.

    Stock Tips Provider

    ReplyDelete

Subscribe to: Post Comments (Atom)