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Very appropriate!Champ888 wrote:Excellent buying.
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කොටස් වෙළඳපොළ2020 wrote:මාස පහකට පසු ලෝක වෙළෙඳ පොළේ බොරතෙල් මිල යළි පහළ බසී
ලෝක වෙළෙඳ පොළේ බොරතෙල් මිල මේ සති අන්තය වනවිට කැපී පෙනෙන ලෙස පහළ බැස ඇතැයි විදෙස් මාධ්ය පවසයි. ඒ අනුව මාස පහකට ආසන්න කාලයක් බැරලයක් ඩොලර් 40 ක සීමාවේ පැවැති Brent බොරතෙල් බැරලයක මිල ඩොලර් 37ත් WTI (West Texas Intermediate) බොර තෙල් බැරලයක මිල ඩොලර් 35ත් ලෙස සටහන්ව තිබේ.
විශේෂයෙන්ම යුරොපයෙන් වාර්තා වන නව කොරෝනා ආසාදිතයන්ගේ ඉහළ යාමත් සමගම ඊයේ දිනයේ සිට ප්රංශය තුළ මෙන්ම ජර්මනිය තුළත් යළි ක්රියාත්මක ලොක්ඩවුන් සීමා හේතුවෙන් වෙළෙඳ පොළ තුළ ඇති වූ කම්පන සහගත තත්ත්වය මෙලෙස ලෝක වෙළෙඳ පොළේ බොරතෙල් බැරලයක මිල පහත වැටීමට හේතු වී තිබේ. එසේම ඔපෙක් සාමාජික රාජ්යයන්ද වසර 2021 වන තෙක්ම සිය බොරතෙල් නිෂ්පාදනය කප්පාදු කිරීමක් සඳහාද යොමු නොවන බව ප්රකාශ කර තිබේ.
Oilprice.com වෙබ් අඩවියේ සඳහන් ආකාරයට පසුගිය ඔක්තෝබර් 27 වැනිදා වනවිට බ්රෙන්ට් බොරතෙල් බැරලයක මිල ඩොලර් 41.61ක් බවට පත්ව තිබුණි. එහෙත් මේ මොහොත වනවිට එම බොරතෙල් බැරලයක මිල ඩොලර් 37.94ක් බවට පත්ව තිබේ. එසේම ඔක්තෝබර් 27 වැනිදා වන විට WTI බොරතෙල් බැරලයක මිල ඩොලර් 38.55ක් වූ අතර, අද වනවිට එම අගය ඩොලර් 35.75 ක් වී තිබේ.
ResearchMan wrote:Average yearly oil prices
2020 $38.75
2019 $56.99
2018 $65.23
2017 $50.80
2016 $43.29
2015 $48.66
2014 $93.17
2013 $97.98
2012 $94.05
2011 $94.88
2010 $79.48
2009 $61.95
2008 $99.67
stockback wrote:“OPEC decided (05.01.2021) a supply cut (Saudi decided to reduce the supply by 1 mn barrel per day) to maintain the crude price.” However Russia and related courtiers obtained the approval for increase the daily production.ResearchMan wrote:Average yearly oil prices
2020 $38.75
2019 $56.99
2018 $65.23
2017 $50.80
2016 $43.29
2015 $48.66
2014 $93.17
2013 $97.98
2012 $94.05
2011 $94.88
2010 $79.48
2009 $61.95
2008 $99.67
This indicated the fear of possible future decline of crude oil prices (to avoid that only they decided to cut the supply). Further, US most of the sates are expecting a possible lock down.
“Even after the vaccine Oil demand not increased as expected”
Crude oil price will sustain or decline (very less chance for an increase in near future)
Considering all these fundamental factors on oil price and expected revenue growth from the new Grease plant (3000 ton capacity) LIOC fundamentally has sound future prospects.
Further, RSI of LIOC is below 60 which is lower than the market RSI.
samaritan wrote:The long awaited LIOC run has just begun. The following reasons could be attributed for the price appreciation which could reach previous highs.
Lanka IOC holds a 35% market share in a highly competitive bunkering fuels market, catering to all types of bunker fuels and lubricants at all ports of Sri Lanka, viz., Colombo and Trincomalee. It is the major supplier of lubricants and greases and has gained a significant market share over the years. Lanka IOC is also a leading supplier of bitumen in Sri Lanka and supplies two variants of bitumen for road-building and other industrial usage. It has recently ventured into the high-growth Petrochemicals business.https://iocl.com/AboutUs/GroupCompanies(LIOC).aspx
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samaritan wrote:Significant Tax reduction on fuel is expected to boost LIOC's profitability.LIOC TP 40/= in the short term.
Agreed,
LIOC will benefited from finance ministry circular dated 31.12.2020 regarding the tax WAIVER programe which will give additional benefit per ltr Rs. 4 to 15 for different type of petrol and Diesel.
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It has a good potentialDavid VKMS wrote:samaritan wrote:Significant Tax reduction on fuel is expected to boost LIOC's profitability.LIOC TP 40/= in the short term.
Agreed,
LIOC will benefited from finance ministry circular dated 31.12.2020 regarding the tax WAIVER programe which will give additional benefit per ltr Rs. 4 to 15 for different type of petrol and Diesel.
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