Query Trends : Alphageo and HOEC

Query : Oil Exploration will be the hot investment in coming years. What is out look on Alphageo and HOEC? Jatin Bhavsar

Thebullishtrends : Alphageo (CMP Rs.791) and Hindustan Oil and Exploration (CMP: 142 ), are both good performing stocks.With increasing demand for energy oil all over the world,offshore exploration for oil and gas will remain an important activity.With oil prices at their all time high, exploration activities are assuming importance. Also, since the 80% of the rig facilities are more than 20 years old, huge replacement opportunity exists for offshor players. The outlook for Oil Exploration is very bright companies like Alphageo, RIL, Carin and HOEC will perform very well in near future.