Fan Site: Inspired, Not Endorsed, By Rakesh Jhunjhunwala

CLSA on OIL & Gas
Saw $5/bbl reduction in windfall tax for domestic crude oil output compared to $4/bbl fall in avg Brent price vs last fortnight
This implies post-tax realisation of $74.9/bbl
ONGC & Oil India top BUYs, with 55-65% potential upside+ double-digit dividend yields

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