EXPLORATION OF OIL AND GAS

OIL AND GAS EXPLORATION COMPANIES PVT. LTD.

Better well-head gas costs/cash deval. to build EPS AFS E&P universe income are required to hop up by 42% YoY in 3QFY19. Essential purpose for critical profit development is steep cash degrading (↑25.1% YoY) and better well head gas costs. OGDC/PPL/POL/MARI's profit are probably going to develop by 41.6/40.9/41.6/49.5% YoY to PKR6.6/6.9/15.5/48.9 per share individually.

OGDC: 

We expect OGDC to record a benefit of PKR28.5bn (EPS: PKR6.6) in 3QFY19 as against PKR20.1bn (EPS: PKR4.7) in a similar quarter a year ago, up 41.6% YoY. The organization is probably going to declare a third between time profit of PKR2.75/sh alongside its outcome taking 9MFY19 pay-out to PKR8.50/sh, up 13.3% YoY. Regardless of slight decrease in oil/gas creation by 1.3/4.9% YoY to 3.8mn bbls/91.5bcf, the top-line for the organization is required to ascend by 30.4% YoY. Improvement in material oil costs and debilitating of PKR against USD is probably going to help the primary concern. On a consecutive premise, profit are probably going to drop by 4.9% QoQ in 3QFY19 because of nonappearance of coincidental FX gains. 

PPL: 

PPL's PAT is required to ascend by 40.9% YoY to PKR15.7bn (EPS: PKR6.9) versus PKR11.2bn (EPS: PKR4.9) in SQLY. Higher appropriate oil costs and debasement of PKR are the real explanations behind YoY profit development. Subsequently, the top-line is required to increment by 37.6% YoY regardless of slight compression in the streams (oil/gas ↓0.9/↑4.6% YoY). On a consecutive premise, benefit is relied upon to subside by 6.6% QoQ. Regardless of increment in oil/gas streams by 0.3/3.2% QoQ, benefit is probably going to endure a shot because of lower other pay anticipated this quarter (nonappearance of FX gains). 

POL: 

POL's BoDs are booked to meet on eleventh Apr-19 to talk about 3QFY19 outcomes. The organization is required to post profit of PKR4.4bn (EPS: PKR15.5) in 3QFY19 versus PKR3.1bn (EPS: PKR10.9) a year ago, up 41.6% YoY. Creation streams for POL have stayed disillusioning with oil/gas streams dropping by 5.3/4.9% YoY. Be that as it may, better well-head gas costs and lower PKR esteem is probably going to expand top-line by 35.5% YoY. On a quarterly premise, productivity is probably going to ascend by 9.4% QoQ because of standardization of monetary charges. 

MARI: 

MARI is foreseen to record profit of PKR5.9bn (EPS: PKR48.9) in 3QFY19 versus PKR4.0bn (EPS: PKR32.7) in SQLY, up 49.5% YoY. Regardless of a decrease of 6.8% YoY in gas streams, Mari's top-line is relied upon to ascend by 40.2% YoY. This can predominantly be ascribed to improved well head gas costs. Dismembering the gas streams further, we see that the gradual streams are somewhere around 40.7% YoY because of turnaround of different manure plants. On a consecutive premise, income are relied upon to stay dormant (↑0.3%). 

ESSENTIAL DISCLOSURES/DISCLAIMERS:

The report has been set up by Muhammad Farooq (An Analyst) and is for data reason as it were. The data and conclusions contained in this have been incorporated or touched base at dependent on data got from sources, accepted to be solid and in compliance with common decency. Such data has not been freely checked and portrayal communicated or suggested is made as to its precision, culmination or accuracy. All such data and feelings are liable to change without notice. Depictions of any organization or organizations or their securities referenced thus are not proposed to be finished and this archive isn't, and ought not be understood as, an offer, or sales of an offer, to purchase or sell any securities or other budgetary instruments.