Oil Drilling and Exploration sector shares Alphageo india Aban Offshore Shiv Vani Oil Jindal Drilling Dolphin Offshore

About crude oil -
Crude oil is used to produce petrol, diesel, kerosene etc. The current international price of Crude oil is at $82, it was at $149 in the year 2008 and low at approx $35 in the year 2009.

The rising crude oil prices increases the revenues and profits of oil drilling and exploration companies (companies used to find oil and to dig oil from oil wells).

According to top world’s analyst, the analysis they made is growing world oil use will increase in coming years, vanishing the huge Crude oil stocks buffer which have done by most of the countries during the economic crises.

Oil is necessity and the prices are set to rise in coming years. So investors can make use of falling crude oil prices and accumulate strong fundamental companies in Oil drilling and exploring companies

The following are few fundamental strong companies will good returns in next 18 months and excellent returns in next 3 to 5 years.

Please Note -
Still markets are bearish and some more down side is expected which may ring the crude oil prices and hence the oil drilling and exploration companies stock prices.
So it is advisable to buy few quantities at this time and add more if the stock price comes down.

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Aban Offshore
Current Price - Rs 401
PE ratio - 7.46
EPS - 53.76
Market Capitalization - 1745 crore

Jindal Drilling Industries
Current Price - Rs 424
PE ratio - 10.39
EPS - 40.84
Market Capitalization - 973 crore

Reliance Industries Ltd
Current Price - Rs 775
PE ratio - 12.04
EPS - 64.44
Market Capitalization - 253900

Cairn India Ltd
Current Price - Rs 274
PE ratio -
EPS -
Market Capitalization - 52872
(company is still into developing phase so PE and EPS ratio not published)