I am very much interested in HOEC as I expect the Crude and gas basket will harden soon. Also HOEC has proved itself as probably only performing private sector company in this sector. But it is difficult to decide amongst ONGC, OIL and HOEC. ONGC and OIL are definitely better if someone wants to play long in crude strategy. But the imposition of windfall tax has queered the pitch. One doesn’t know what benefit will accrue at what level of crude. And windfall tax rate changes would be acting as a democle’s sword hanging. Would love to know expert’s opinion on this sector.
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