Cairn India – Power Play for Crude Oil

In the Oil & Gas Sector, we am betting on Cairn in preference to the other players such as ONGC, Aban Offshore and GAIL.

The fortunes of Cairn are directly related to the fortunes of crude oil and in the recent past crude has taken quite a beating. From a high of $145.29 a barrel in July 2008, crude plumetted to a low of $33.87 a barrel in December 2008. Since that low, it is up 37%.