• Snapshot   /   OGDC - Oil & Gas Development Company Ltd.   /   Analyst Opinion
Analyst Opinion
OGDC - Oil & Gas Development Company Ltd.
OGDC is unlocking Shale gas potential in Sindh signifies structural upside
SCS Research update    7/17/2026 12:00:00 AM
- OGDC's successful transition to horizontal drilling in Sindh unlocks an estimated 7.5 TCF of shale gas reserves (this is yet to be noted in the Energy Year Book) - This marks an inflection point that addresses risks related to mature field depletion - This can also considerably beef up production capacity - This will also boost 2P asset valuation - As per the company, OGDC has a Reserve Replacement Ratio (RRR) of 160% - The company is expanding its resource base to increase current production volumes - This, in return, could drive long-term import substitution against expensive LNG from Qatar or Azerbaijan - However, given the capital-intensive nature of shale and a 3–5 year commercialization timeline, this will merely be a structural re-rating catalyst rather than a near-term earnings driver - This is as per the media OGDC's media talk - Exploring Shale gas reserves continues to be an expensive exploration proposition - So far, it will remain a subjective development
OGDC - Oil & Gas Development Company Ltd.
OGDC Breakout Update: Breakout Confirms Continued Upside Potential
M Wajahat    7/6/2026 12:00:00 AM
OGDC has successfully broken above its key resistance zone, reaffirming strong buying interest and strengthening its bullish technical outlook. With the stock approaching its initial target of PKR 351.15 and momentum remaining firmly intact, investors are advised to continue holding positions for further upside targets of PKR 371.25, 391.23, and 402.31. In line with the improving price structure and to safeguard accumulated gains, the stop-loss has been revised upward to PKR 322.13, ensuring disciplined risk management while maintaining exposure to additional upside potential.
Link: https://scstrade.com/research/Research%20Reports/General/Technical%20Analysis%20Report%20OGDC%20July%2006,%202026...pdf
OGDC - Oil & Gas Development Company Ltd.
OGDC Confirms Breakout Above Key Resistance
M Wajahat    7/3/2026 12:00:00 AM
OGDC has decisively broken above a key resistance zone, confirming renewed buying interest and reinforcing its bullish technical outlook. The breakout reflects strengthening price momentum, and with the uptrend remaining intact, investors may consider accumulating the stock within the PKR 339.10–340.15 range for potential upside targets of PKR 351.15, 371.25, and 391.23. To manage risk and protect against downside volatility, a stop-loss is recommended at PKR 305.04
Link: https://scstrade.com/research/Research%20Reports/General/Technical%20Analysis%20Report%20OGDC%20July%2003,%202026...pdf
OGDC - Oil & Gas Development Company Ltd.
OGDC Exploratory Well at Nashpa KPK.
SCS Research update    3/4/2026 12:00:00 AM
OGDC ongoing Baghzai Nashpa KPK..... 5th DST results OGDC discovered 3765 bopd & 1.1mn gas We expect an incremental impact of PKR 1.64/sh in OGDC Also PPL can see an incremental impact on EPS i.e. PKR 1.16/sh This field is considered a significant find OGDC as an operator holds 65% stakes PPL as a JV partner holds 30% stakes The total oil production from the field is 14165 bopd which is considered significant from Pakistan's perspective