On the face of it, this sounds like a positive piece of news for Cairn, however, we think ONGC are most likely to look to a acquire an additional stake in Cairns 70 per cent owned Rajasthan block, rather than a full blown corporate move.
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This quote is just one of 9 total Merrill Lynch quotes in our collection. Merrill Lynch is known for saying 'On the face of it, this sounds like a positive piece of news for Cairn, however, we think ONGC are most likely to look to a acquire an additional stake in Cairns 70 per cent owned Rajasthan block, rather than a full blown corporate move.' as well as some of the following quotes.
On the face of it, this sounds like a positive piece of news for Cairn, however, we think ONGC are most likely to look to a acquire an additional stake in Cairns 70 per cent owned Rajasthan block, rather than a full blown corporate move.
Overall, the results were poor and the outlook highlights that JLT has not turned the corner yet. Consensus estimates are likely to come down by 10 to 15 per cent.
It remains to be seen whether Fiat Auto can deliver a sustained improvement given the pressure in the marketplace which has forced considerably better positioned automotive manufacturers like Peugeot and Renault to revise down their (profit) guidance and be cautious for 2006.
This quote is just one of 9 total Merrill Lynch quotes in our collection. Merrill Lynch is known for saying 'On the face of it, this sounds like a positive piece of news for Cairn, however, we think ONGC are most likely to look to a acquire an additional stake in Cairns 70 per cent owned Rajasthan block, rather than a full blown corporate move.' as well as some of the following quotes.