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.
Value Investor, Porinju on Selan
Share chart for 6 months from Moneycontrol.com
Read Full reports here:
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
Selan @ 415 - first time some MFs have shown interest. sit tight...Q3 will be normal. real growth starts from Q4 - I don't have a target
— Porinju Veliyath (@porinju) February 5, 2014
Read Porinju's view on Selan on long term investingWhy 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
Read Full reports here:- http://articles.economictimes.indiatimes.com/2014-02-06/news/47089793_1_ashish-chugh-selan-exploration-barrels
Disclosure - We have vested interest in this share. Lion share of our portfolio is occupied by Selan.
