· Globally Coal Shortage, increases Oil Price… Positiv | SKM INVESTMENT

· Globally Coal Shortage, increases Oil Price… Positive for Coal India and NLC India (Lignite as substitute of Coal) and ONGC (rising Oil Price) …Rally may continue …Trading opportunity - Signs of a global energy crunch pushed oil prices above $80 to 3-year high and significant drop in coal inventory increased coal price globally. China’s power crisis looks set to spur it to import more coal from a wider range of producers, putting it into competition with European and Indian buyers that are also snapping up more of the dirtiest fossil fuel. European electricity producers are snapping up coal as a shortage of natural gas forces utilities to burn it to cope with their own power crunch. India is also running low on inventories of the fuel. Expects positive for Coal India (20% sales through e-auction), NLC India (major lignite producer as substitute of coal), ONGC and Oil as major oil producers