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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (184301)	6/9/2014 9:32:29 AM
From: Dennis Roth	2 Recommendations Recommended By evestor LoneClone Respond to of 206145

Halliburton (HAL), Petrobras (PBR), Rowan Companies (RDC), Superior Energy Services, Inc. (SPN) Things We Learned This Week, Indian Oil & Gas Halliburton (HAL) London O&G Takeaways 9 June 2014 sendspace.com Petrobras (PBR) Brazil conference Highlights – Oil regulatory agenda improving 5 June 2014 ¦ 9 pages ir.citi.com Rowan Companies (RDC) Worth The Wait 5 June 2014 sendspace.com Superior Energy Services, Inc. (SPN) Management Meeting Takeaways 09 June 2014 sendspace.com Oilfield Services & Equipment Things We Learned This Week 05 June 2014 sendspace.com Indian Oil & Gas Looking Beyond Policy: Other Emerging Themes to Track 7 June 2014 ¦ 10 pages ir.citi.com Besides key policy initiatives that we believe the new gov’t may consider (viz. gas & fuel pricing reform, transparent subsidy sharing, incentivising E&P, improving the gas investment climate, gas pipeline imports, DTS revival), we believe investors should also focus on other emerging themes that could play out in the medium term. Some of these themes are: 1) Revival of city gas, 2) Structural changes to world energy mkts, 3) Potential upsides to pipeline tariffs. Meanwhile, subsidies are peaking and with diesel losses falling to a multi-yr low of Rs2.8/ltr and consumption declining further total losses on it could more than halve from Rs0.63tr in FY14 to ~Rs0.25tr in FY15E. This alone could lower overall under- recoveries from Rs1.4tr in FY14 to ~Rs1.0tr in FY15E, even pending further policy announcements and assuming status quo on LPG/kero.