JPMorgan has identified three potential catalysts in the oil and gas sector that could influence key stocks in the near term:
- Retail fuel price cut: A potential retail fuel price cut by oil marketing companies (OMCs) could negatively impact their stock performance in October.
- Gas sector unbundling: A committee report due in December on the unbundling and exclusivity of gas transportation and sales may weigh on GAIL and city gas distribution stocks.
- PLNG tariff renegotiation: Possible tariff renegotiation for Petronet LNG’s (PLNG) Dahej terminal, though the timing is uncertain.
JPMorgan recommends investors consider buying into PLNG ahead of new capacity expected by March and seasonal strength in imports next summer.
