Debt free VOGL is engineered. Debt has been moved to other companies, depending on their cash generating ability. Cairn aquisition brought very significant amount of debt to VRL, which was refinanced year after year at higher and higher interest. Rating upgrade is leading Vedanta to refinance debt at lower cost. Cash generated from VOGL will be used to build assets as said by Mr Anil Aggarwal - 'internal cash accruals and debt for exploration and building assets'. Oil and gas is high risk high reward business which is Mr Anil Aggrwal known for.
Great read. Would love to see more of such mispriced analysis coming from the Nine One Capital Team. Also would love to read more on the core niche of Nine One Capital - Microcap and Small Cap Investments for learning purpose.
Any view on scenario if Vedanta Oil looses its license for Rajasthan which is set to expire in 2030. Most of its revenue come frm there and govt may drive a hard bargain to renew this. Cambay for recently not renews by govt ?
The distinction between price-discovery gaps and fundamental value is key. Recognizing which you're playing can mean the difference between a short-term win and a long-term hold, especially with assets like VOGL that offer both.
Debt free VOGL is engineered. Debt has been moved to other companies, depending on their cash generating ability. Cairn aquisition brought very significant amount of debt to VRL, which was refinanced year after year at higher and higher interest. Rating upgrade is leading Vedanta to refinance debt at lower cost. Cash generated from VOGL will be used to build assets as said by Mr Anil Aggarwal - 'internal cash accruals and debt for exploration and building assets'. Oil and gas is high risk high reward business which is Mr Anil Aggrwal known for.
Great read. Would love to see more of such mispriced analysis coming from the Nine One Capital Team. Also would love to read more on the core niche of Nine One Capital - Microcap and Small Cap Investments for learning purpose.
Any view on scenario if Vedanta Oil looses its license for Rajasthan which is set to expire in 2030. Most of its revenue come frm there and govt may drive a hard bargain to renew this. Cambay for recently not renews by govt ?
The distinction between price-discovery gaps and fundamental value is key. Recognizing which you're playing can mean the difference between a short-term win and a long-term hold, especially with assets like VOGL that offer both.
Reallly good write up, keep writing and thanks for sharing