GREY:NKRSF - Post by User
Comment by
bigbabon Jul 17, 2014 10:33am
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Post# 22755009
RE:RE:Till when to hold NKO
RE:RE:Till when to hold NKOWell you are hoping some preliminary media reports about the gov't forcing RIL to make up the shortfalls in production are wrong. OR that RIL can negotiate behind closed doors a better deal. As it stands you are gonna get a revised gas price between 6 - 7 dollars. Which would be fine for NIKO but some reports claim that price will not be allowed to RIL until the shortfall in production over the past 2-3 years is made up.
Complete bulls++t imo , but it seems like the gov't has a target on Reliance and Niko could fall due to friendly fire......
What you likely will have in a months time is a revised gas pricing scheme but more headlines of bank guarentees and Arbitration / court battles
Bullish signs : Big investor owning 10% / large block buy bids on level 2
Bearish signs : Stock price /action