May
21
Possible Russian Oil Play
Filed Under Uncategorized |
Many investors are becoming frustrated with Moscow’s interference with oil companies. The Russian government had previously nationalized rosneft adn yukos about one year ago, understandably investors are suspicious of any Russian oil and gas company.
However, there is one bright star among Russia’s oil companies his company has an annual oil production is almost the same as Exxon Mobil’s. However its market capitalization is roughly 85% less. As of today this company has a cumulative 35% gain with most of that gain over the last 30 days. A closer examination of Russia’s oil economy just a Russian oil and gas stocks ranked as the top performing energy companies in 2000 and following roughly 2 years of relatively poor performance.
The company is LUKOIL is the first company of any Russian oil and gas companies to be listed on the London Stock exchange. This company is truly an international firm which projects throughout Russia and Asia and Europe. Most recently, the company proved reserves of 20.4 billion barrels of oil. The company is also expanded into operating power generation assets acquiring two retail networks and building an aircraft fueling network of multiple airports throughout Russia. The stock also has a dividend yield of 1.81% earnings per share have increased by 14.7% in the last year.
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