MESSAGES

It may be in November itself. With all OMC results one thing is clear. Oil price decline is not benefitting much the OMCs but oil price rise hurts them. They are now dealing with glut in gloabl supplies leading to sharp detrioration in refining margins. This coupled with huge loans on their Balance sheets will pull IOC below 100. If one looks at interest cost increase picture becomes clear.

I really hope that IOC comes below 100 or below 90 so that I can average properly, currently my buying price is 108.