POL is involved in exploration and production in a total of 26 areas in Pakistan. Currently POL\u2019s own operated Exploration Licenses include Hyderabad with working interest of (75%), Chakral (100%) and Ikhlas (100%). At present POL has nine
POL plants also manufacture LPG, Solvent Oil and Sulphur. POL markets LPG under its own name of POLGASas well as through its subsidiary CAPGAS(Private) Limited. POL owns
As per the latest printed accounts, POL is currently producing approximately 7000 barrels per day for 1Q FY06 as compared to 4926 barrels per day for the corresponding period last year showing the growth of 43% YoY basis. The impressive increase in production coupled with the jump in international oil prices, helped POL to post ever higher NPAT. With a view that the international oil prices would move in the band of $50 - $55 coupled with the POL to maintain it\u2019s daily production not going below 6800 barrels per day, we expect the company to post an EPS of Rs. 46.50.
percent from our fair value of Rs 465 based on DCF valuation. POL seems to be the one of most discounted share and therefore it is advised for long-term investors to keep a positive stance on this stock and invest in the stock with long term perspective.
expected EPS of FY06 and offers a prospective yield of 3.4%. POL has a PE band of 6.8 \u2013 13, having conservative approach, we apply an average PEx of 10 which is at a discount to the E&P sector and Market as well, expecting the company to report an EPSof Rs. 46.5, the fair value comes to Rs. 465.
acquisition of NRL, POL was able to post growth of 6% and 118% on QoQ and YoY basis respectively for 1QFY06, translating into an EPS of PkR 10.96 against PkR 5.02 in the corresponding period last year.
gas. The impressive increase in production from 5540 BOPD and 31.39 MMc fd of gas for the FY05 to 7043 BOPD and 46.5 MMcfd of gas for the first quarter of FY06, accompanied by the spike in international oil prices helped POL to post ever highest earnings.
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