Wednesday, January 18, 2012

Finally something on subsidy sharing

http://business-standard.com/india/news/crude-price-cap-for-ongc-oil-mooted/462276/

I think its a great step from a valuation perspective because modelling would be far more easier. I think it is only fair to cap the realizations at $60/bbl because the average realizations have been in this range for ONGC over the past 4 years.

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