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Gazprom Oao (PC) (OGZPY)
3.15 ? -0.04 (-1.25%)
Volume: 802,210 @ 4:00:36 PM ET
Bid Ask Day's Range
3.15 3.17 3.11 - 3.18
OGZPY Detailed Quote Wiki
According to Robert Rapier oil should recover to $60 end of year or next. He believes investors can start looking for strong energy companies. OGZPY may be one?
RUSSIAN OIL/ DAILY/
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[-chart]chart.finance.yahoo.com/t?s=OGZPY&lang=en-US®ion=US&width=300&height=180[/chart]
[-chart]stockcharts.com/c-sc/sc?s=OGZPY&p=D&b=2&g=0&i=p72104498736&r=1395542761133[/chart]
OGZPY
Iran May Plan to Increase Gas Supply in Europe and Asia at Market Realist Fri 8:48am
OGZPY
Gazprom Loss Lower Than Forecast on Higher Sales, Cost Cuts at Bloomberg Fri 2:21am
Gazprom's Asset Swap With OMV And Its Future In Europe
Jan. 11, 2016 12:36 PM ET| About: Gazprom OAO ADR (OGZPY), Includes: OMVJF
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)
Summary
http://seekingalpha.com/article/3802616-gazproms-asset-swap-with-omv-and-its-future-in-europe?auth_param=1ahnos:1b97q0s:3be205d54fafbe3a6a3ff1ebd855bfac&uprof=46&dr=1
Strategic partnership with OMV will help Gazprom to gain control of the European market.
Low oil and gas prices will likely hit Gazprom investments across various regions.
US gas exports threaten Gazprom's Europe business.
Gazprom and OMV partnership
GazpromGazprom (OTCPK:OGZPY) is the leading oil and gas giant in Russia and Europe's main supplier of gas. Most of the pipelines go through eastern Europe and the eastern sea. The Russian giant always had close ties to the Austrian energy firm OMV (OTC:OMVJF).
Recently both firms have entered a strategic partnership and are discussing an asset swap. OMV will participate in the enlargement of the eastern sea pipeline (Nordstream) that will carry additional 55 bn. cubic meters of gas to Germany. Furthermore OMV (OTC:OMVJF) will also be entitled to purchase a part of the large "Urengoy" gas field in western Siberia.
OMV will be one among the few foreign gas firms to gain access to a Russian gas field. In exchange Gazprom (OTCPK:OGZPY) will receive some of OMVs refinery assets in Schwechat (near Vienna) and Bavaria (Germany). Gazprom is obviously investing now in the downstream business across Western Europe.
According to people familiar with the matter both are also in talks to change ownership of a refinery in Romania. Despite the political challenges between the EU and the Russian Federation, OMV has managed to even improve its relationship to Gazprom and will therefore work closely together with the eastern energy giant. The asset swap is worth billions of dollars. (Gazprom and OMV, 29.12.2015)
Weak Ruble and low oil prices
The Russian Federation needs an oil price of roughly $90 to have a balanced budget. According to the recent slump in oil prices the Russian Ministry of Finance has cut spending and assumed oil prices at $50 for 2016. With the current level of roughly $35 the Russian economy will take a further hit in 2016. The economy stagnated in 2015 already and GDP decreases by 3.7%. A number of economist predict a 2% drop in GDP for 2016 with oil prices at $50.
If lower, the picture could get more bleak. Apart from that a weak Ruble is making the situation more challenging. Also because inflation is soaring and domestic purchasing power is decreasing quickly.
Not to mention the currency reserves which are also depleting at a fast pace. The Russian central bank constantly intervenes on the currency market to stabilize the Russian Ruble. However, every drop in oil prices immediately hits the Ruble. At the moment 1$ equals 75 Russian Ruble and 1 EUR equals 81 Ruble. At the moment the Russian currency reserves amount roughly $400bn. (Russian economy and ruble, 7.1.2016)
The debt to GDP ratio is below 20%, which means there is enough space even if the Russian bonds are near junk status. Below you can see a chart that basically shows how much the Russian currency depends on the current oil price.
US LNG exports to Europe
Recently the US has lifted its ban on exporting oil and gas which was introduced in the 1970. For years, US gas companies looking to export liquefied natural gas dreamed of a booming Asia. Now, with demand there falling and the first shipment weeks away, Europe has emerged as an unlikely savior. For both, eastern and western Europe, reducing dependence on Russian gas is on top of the agenda.
Since domestic European gas production is down and many countries from Estonia, Poland, Netherlands, Croatia to Bulgaria are building LNG terminals to reduce headaches with Russia. First shipments are only weeks away and Europe plans to partially substitute Russian gas by US gas. Although there are not enough terminals for LNG in Europe yet, this poses a significant risk to the Russian gas suppliers. In the long term Europe's demand for gas will only rise, but Russia as a major supplier will have a competitor, the US. This will likely further push prices down. (US LNG for Europe, 6.1.2016)
Below you can see the recent development of Europe's gas output.
Summary
Europe's dependence on gas imports from Russia and the US will rise. The domestic gas output in Europe is falling. Gazprom will find itself in a challenging situation. However, the so to speak monopoly will likely continue to be the main source of income for the Russian state. The times of high oil prices seems to be over, at least for the next couple of years, also because of massive oversupply and weak demand from Asia and especially China. Saudi Arabia is even considering selling shares in its oil jewel, Aramco. The market sentiment for commodities is bad and most investors are bearish on energy stocks.
germany ????? Germany's Merkel Defends Russian Gas Pipeline Plan "Dow Jones News" - 12/18/2015 9:50:00 AM
EU in Talks With Russian officials on Gazprom Antitrust Charges "Dow Jones News" - 12/10/2015 10:50:00 AM
Ukraine Prime Minister Calls on EU to Ban Nord Stream II Pipeline Project "Dow Jones News" - 12/7/2015 8:40:00 AM
Russia-Ukraine Feuding Worsens "Dow Jones News" - 11/25/2015 8:50:00 AM
EWJ’s top stocks/ 'Gazprom Oao (OGZPY)'
In the first part of this series, we saw that the iShares MSCI Japan ETF (EWJ) rose 2.5% yesterday after the Federal Reserve’s announcement of an interest rate hike. Similarly, the WisdomTree Japan Hedged Equity ETF (DXJ) rose 2.9%. Now let’s move on to analyze the performances of various stocks that provided a boost for EWJ.
http://finance.yahoo.com/news/ntt-docomo-rises-6-5-161821290.html
Among the various industries in EWJ, the telecommunications industry provided the highest return of 4.5% in yesterday’s trade. NTT Docomo (DCM), KDDI Corporation, Nippon Telegraph and Telephone Corporation (NTT), and SoftBank Group (SFTBY) rose 6.5%, 5.1%, 4.3%, and 2.1%, respectively.
Factors that drove the performance of NTT Docomo
On December 15, 2015, a Japanese government panel released recommendations on mobile rates, saying service providers should consider introducing pricing plans that benefit long-term users.
Japanese Prime Minister Shinzo Abe announced that mobile phone rates should be reduced.
Japanese mobile carriers are now considering cheaper plans.
This news drove the performance of all telecommunication stocks. The above graph compares the performance of NTT Docomo with that of its peer SoftBank Group since November 2015.
NTT Docomo’s returns
DCM is currently trading at 2,475 yen. Its 52-week high is 2,873 yen, and 52-week low is 1,731 yen. Its current PE (price-to-earnings) ratio is 19.7x, and its PBV (price-to-book value) ratio is 1.7x.
The stock’s YTD (year-to-date) return is 40%, and its quarter-to-date return is 24%. DCM is trading 3%, 6%, and 4% above its 100-day, 50-day, and 20-day moving averages, respectively. Analysts estimate NTT Docomo will rise 13% over the next 12 months.
Browse this series on Market Realist:
Part 1 - It’s Here: the Much-Awaited Federal Funds Rate Liftoff!
Part 2 - Investors Welcome the Fed’s Decision, FEZ Rises
Part 3 - Daimler Leads FEZ with a Rise of 3.3%
Exec who jacked up price of a lifesaving drug is arrested
Martin Shkreli, a 32-year-old former hedge fund manager and relentless self-promoter who has called himself “the world’s most eligible bachelor” on Twitter, was arrested in a gray hoodie and taken into federal court in Brooklyn, where he pleaded not guilty. Prosecutors said that between 2009 and…
Associated Press
Why the Air Force Is Offering Drone Pilots Six-Figure Bonuses
Days after it unveiled a $3 billion roadmap to bolster its beleaguered drone fleet, the Air Force announced it will give the fleet’s pilots $125,000 bonuses to keep flying for a few more years. Pilots who have six years flying experience following their undergraduate remotely piloted aircraft (RPA)…
The Fiscal Times
Gazprom Oao (PC) (OGZPY)
4.51 ? 0.038 (0.85%)
Volume: 927,881 @ 4:00:28 PM ET
Bid Ask Day's Range
4.5 4.52 4.49 - 4.58
OGZPY Detailed Quote Wiki
No doubt there is mass consolidation of high quality assets.
Oil Markets are just getting prepared for the next round of investment. If you look at the world market, you will notice the oil prices are being driven down by bad foreign policy and not by naturally occurring markets. Its an oil war my friends to drive out the labor parties and steal oil concession around the world.
For the Ukrainian people the most! It gets really cold there.
Gazprom (OTCPK:OGZPY) resumes gas deliveries to Ukraine after receiving prepayment of $234M from Ukraine's government, reducing the risk of disruption to supplies to the rest of Europe this winter.
Oil market seems like it's bottoming.
Gazprom (OTCPK:OGZPY) is poised to sell a three-year euro-denominated bond, its first European debt sale this year, WSJ reports, following the issue earlier this week of a $1B bond by Russian mining firm Norilsk Nickel.
The bond issues come as some investors take encouragement from a perceived easing of tensions in Ukraine, which could reduce the likelihood of further international sanctions being imposed on Russian companies.
WSJ says pricing guidance on the deal suggests that Gazprom will pay an interest rate of 4.75%-4.875% on its bond.
Gazprom and Fluxys discuss promising areas of cooperation
As part of the 5th St. Petersburg International Gas Forum, a working meeting took place today between Alexey Miller, Chairman of the Gazprom Management Committee and Walter Peeraer, Chief Executive Officer of Fluxys.
The meeting participants considered possible areas of the bilateral cooperation, including Russian gas transit via Belgium.
The parties also addressed the prospects for constructing new and direct gas transmission routes to Europe.
Background
Belgian gas transmission company Fluxys owns a network of transnational gas pipelines in Northwestern Europe with an annual throughput capacity of 82 billion cubic meters. The company also deals with natural gas and LNG transit and storage.
Fluxys provides Gazprom with gas transmission capacities to supply gas to the UK.
Winter is coming..
Gazprom has no plans to reduce the volume of gas supplies to Europe as it happened last year, Gazprom Deputy Chairman Alexander Medvedev said Wednesday.
"It has nothing to do with last year. We cannot compare the two. Export volumes are significantly higher — 159-160 bln cubic meters against 146.3 bln cubic meters," Medvedev said.
As TASS reported earlier, in early autumn of 2014 Slovak gas company SPP, Polish PGNiG and the German E.ON registered a decline in supplies from Russia. SPP, in particular, reported a reduction of supplies from around 10% in September to 50% in early October.
Also in September 2014, Romanian Energy Minister Razvan Nicolescu said that gas deliveries from Russia to Romania decreased by 5%. At the same time Austrian OMV reported a minor reduction in gas supplies from Russia — 15%. A decline of around 10% in supplies of Russian gas was registered in Italy.
Russia's Gazprom (OTCPK:OGZPY) says it exported 41.4B cm of gas to Europe and Turkey during Q3, up 23% Y/Y; in September, gas exports stood at 13.3B cm, up 24% Y/Y.
Germany, the largest buyer of Russian gas, increased purchases by 19% to 11.2B cm, and Italy boosted intake by 69% to 7B cm.
Gazprom also begins sending gas supplies to Azerbaijan at the pace of ~6M cm/day.
Quote:
"5. Syrian adventure is to distract from economy + inflation."
Perhaps much more than that. I was wondering how could Russia fulfill that $400B energy trade agreement with China? Do they have the resources and infrastructure to get it done? You seem to answer that question for me here in your many posts, and it doesn't look like they can.
Their answer could be just south of Syria in Iraq, especially if the Triaxis of Russia, Syria, and Iran starts at the north and pushes ISIS south. Then what's to stop them at the southern Iraqi border, why not pursue them right on down into Saudi Arabia. ISIS is Sunni extremism, many originally from Saudi Arabia, who beget Al Qaeda that morphed into ISIS. Lots of oil fields to take over. That's the Ruskie way, what's mine is mine and what's yours is mine, too. All those oil wells in Iraq have been changing hands...probably too much temptation for a man like Putin. Just a theory I have, as to why an old Atheist like Putin would be hanging out with dudes that pray 5 times a day and think it's their divine duty to overthrow the Sunni control of Islam and then annihilate Israel...and us.
Good links. Thanks for sharing.
http://www.bloomberg.com/news/articles/2015-06-29/putin-allies-aided-russian-mafia-in-spain-prosecutors-say
http://www.telegraph.co.uk/news/worldnews/vladimir-putin/9100388/Vladimir-Putin-the-godfather-of-a-mafia-clan.html
http://www.telegraph.co.uk/news/worldnews/vladimir-putin/9171656/Russian-government-warned-not-to-appoint-Vladimir-Putin-20-years-ago.html
http://www.telegraph.co.uk/news/worldnews/europe/russia/9107811/Russia-a-gangster-state.html
http://www.telegraph.co.uk/news/worldnews/vladimir-putin/9106875/Nine-mile-human-chain-encircles-Moscow-in-anti-Vladimir-Putin-protest.html
http://www.usnews.com/news/world/articles/2015/09/20/russian-opposition-draws-thousands-to-anti-putin-protest
Honestly the only reason: Is because he controls media 100%.
The masses do not know otherwise. He shut down any media that disagrees with him or points out alternative viewpoints.
But, there is an opposition and it's small-but I'm watching very very closely. Most people are afraid to protest. But, there are more people aligned with the opposition than they know of including us in West.
That's why he killed that fellow in London with the poison tea that was radioactive. Putin's killed others as well many more.
Putin is the Russian mob TS. Started in St Petersburg. Fact.
Hell I'd open a manufacturing plant there. Look how cheap russian labor is? You can export out. You bring in western equipment, know how, can do and train the Russian workers and pay them.
They'll work their butts off.
Good points. Why is it Russians are said to be in such big favor of him because of nationalist movement or something?
TS- Putin has to cut a deal here's why.
1. Sanctions are targeting wealthy powerful friends of his.
2. Then it becomes a coup against him bc of it.
3. Billionaires losing $ creates powerful enemies.
4. Putin's getting paranoid bc he can't control sanctions.
5. Syrian adventure is to distract from economy + inflation.
6. He's going to end up in a Siberian prison.
7. Biggest thief in history of Russia stealing from Russians.
8. Russian people will be waking up soon enough.
9. Opposition will gain steam-ordinary Russians will wake up.
10.Russia can become a manufacturing country- get rid of Putin.
11. I predict a bold new politician will surface in Russia within 5 years that runs and wins and stamps out corruption amongst officials. Turns country back to the West and the world and becomes within 30 years a major economic powerhouse. But major changes in their thinking and among younger people must want it.
What do you expect their crooks owned by Putin?
Gazprom (OTCPK:OGZPY) reportedly is looking for an out-of-court settlement with European antitrust authorities over charges of abusing its dominant market position in many countries.
Gazprom has sent proposals to the European Commission discussing such a settlement just days before a deadline to respond to charges that followed a two-year investigation, according to Russia’s Interfax news agency.
The commission filed formal charges against Gazprom in April, claiming it was hindering competition and charging unfair prices in some central and eastern European countries in breach of EU antitrust rules
Gazprom proposes out-of-court settlement on EU antitrust case -Interfax
MOSCOW, Sept 21 (Reuters) - Russia's top natural gas producer Gazprom has sent proposals to the European Commission regarding an out-of-court settlement of an antitrust case against the company, Interfax news agency quoted a Gazprom official as saying on Monday.
After more than two years of investigation, EU antitrust regulators charged the Russian gas giant in April with abusing its dominant position in Poland, Hungary, and six other countries in Eastern Europe, to overcharge by up to 40 percent.
State-run Gazprom, which supplies a third of EU gas needs and generates more than half its revenues there, has denied the charges and said it has already made significant concessions.
However, it also said in May that it would consider offering Europe new concessions, including on pricing, to settle the antitrust case, and thereby avoid a long legal battle which could result in billions of dollars in fines.
Interfax did not say what was in the proposals but quoted Alexander Medvedev, Gazprom's deputy chief executive officer, as saying on Monday that Gazprom would soon set up a meeting with EU antitrust chief Margrethe Vestager, the news agency reported.
Gazprom has to submit a written response, or statement of objections, by Sept. 28 to the claims by the European Commission.
"We sent our proposals about the settlement of the claims, which were formally lodged to Gazprom," Interfax quoted Medvedev as saying.
"In the nearest future, we will discuss it with Mrs Vestager in order to find an out-of-court solution," he added.
Medvedev also said that Gazprom would send its statement of objections on Sept. 28 as he did not expect to resolve the issue by that date.
I agree with you the reforms first begun by former Soviet leader Mikhail Gorbachev in 1985...
Let me congratulate you and your gang on your winnings. Fab gains!
And secondly, I am not Russian...
I've been shorting from the $32's and made over $7 million dollars on this.
I know the markets and history.
My short isn't going anywhere. If I let it up it's because I and my friends which we comprise the GO4 Gang of Four let it up.
Good luck to you as well. But I'm an expert at world politics and business.
My interests and contacts span the globe.
Russia is in big trouble financially and when inflation hits even more and Putin keeps steering the media coverage eventually normal Russians are going to dump him. Americans and the West does not hate Russian people or country. We just don't stand for tyranny and corruption and Putin is a corrupt to the bone Russian mob guy who has stolen 100's of billions of Russian assets. If Putin was in America trying to pull that crap he'd be lynched, shot and buried. He's a crook nothing more. They are going to wise up and realize Putin is the problem not the US or Western world.
You Russians need to wake up and give Putin the boot.
Here is where you don't understand who lifted up Russians standard of living. It wasn't Putin he had nothing to do with it.
It started years earlier with Gorbachev realizing USSR was screwed and took down the walls and making nice with the West.
Your history lesson needs to go back a few more years.
#1. Gorbachev dropped wall.
#2 Western capital funds came in way before Putin
#3 Russia O&G used our Western technology before Putin.
Putin had nothing to do with lifting Russian economics and raising standard of living.
It was Gorbachev and the Western Money and Tech know how that flowed in way before Putin.
Putting Putin up there saying he's the reason is not the reason but he sure takes credit doesn't he? Problem is people like you who don't know the real truth are backing a moron putting him on a pedestal.
That's why the sanctions were slapped on Russia and it was all taken away as fast as it came into your country.
See how that works for you guys now...the only reason Russia rebounded a little is because of the US and the Western world.
You get a little money and Putin starts acting like he's the biggest cock on the block well it's gone to his head and he's bitten off more than he can chew.
You'll see soon enough. Your inflation is already spiking and when you can't have access to Western goods and your paying more for cheap Russian sheet good luck to you guys. Even if that pipe is made your 6-8 years from making a dime from china.
Guess you haven't been paying attention but china reneged on the deal and hasn't paid Russia a dime of the $25 billion pre-paid for construction.
Nice try but Russia is a 2 bit 3rd world one trick pony.
I read it daily by 6 am- btw of course GAZ is going to release that PR what else do you think their going to say? It's not GAZ PR it's a Putin Propaganda and doesn't influence and carries no weight with me nor the worlds investment community. I'll continue to short until the the fat lady signs. But like I said being a businessman myself that pipeline wouldn't be built by GAZ they can't afford it. What does that tell you? They need Russian peoples money from the kremlin and that is like Exxon asking US Prez Obama hey can I borrow $100 billion or so. Give me a break please.
Gazprom Banks on China
WSJ / 4 hours ago
HONG KONG—Gazprom’s finance chief expects a major gas-supply deal the Russian company struck with China last year to be profitable despite the current slump in global energy prices. In an interview with The Wall Street Journal, Gazprom Chief Financial Officer Andrey Kruglov said the company views the current fall in oil prices as part of a...
Unfortunately I don't have access to the WSJ that published this article. Probably worth the read...
I agree with you to a certain point...
There’s not a lot to like about Vladimir Putin: he’s autocratic, vain and runs a corrupt government. And he doesn’t give a fig for human rights. The repression in Chechnya, the jailing of the businessman Mikhail Khodorkovsky and the Pussy Riot protestors, the murders of journalist Anna Politkovskaya and of Alexander Litvinenko, the former spy – all this happened on Putin’s watch. Who would not be on the side of the 100,000 people who turned out on Moscow’s streets last winter to protest against Putin’s election to a third term as president and to demand fair elections and an honest government? Russia would be better off without Putin – who would argue otherwise?
As a There’s not a lot to like about Vladimir Putin: he’s autocratic, vain and runs a corrupt government. And he doesn’t give a fig for human rights. The repression in Chechnya, the jailing of the businessman Mikhail Khodorkovsky and the Pussy Riot protestors, the murders of journalist Anna Politkovskaya and of Alexander Litvinenko, the former spy – all this happened on Putin’s watch. Who would not be on the side of the 100,000 people who turned out on Moscow’s streets last winter to protest against Putin’s election to a third term as president and to demand fair elections and an honest government? Russia would be better off without Putin – who would argue otherwise?
As a matter of fact, millions would. Talk to many Russians and they’ll tell you that life under Putin is vastly better than under Boris Yeltsin. Yeltsin let a handful of oligarchs hoover up Russia’s wealth while ordinary Russians were reduced to selling their possessions on the street. Putin, by contrast, has quelled the economic mayhem – inflation is down, pensions have increased. Even more importantly he has restored Russia’s sense of self-worth – crushing the Chechen revolt, refusing to play along with the West over Syria. Living in Notting Hill you might not find Putin to your taste, but for those facing the realities of contemporary Russia he is a godsend, the strong leader that the country needs at this crucial time of transition and uncertainty. of fact, millions would. Talk to many Russians and they’ll tell you that life under Putin is vastly better than under Boris Yeltsin. Yeltsin let a handful of oligarchs hoover up Russia’s wealth while ordinary Russians were reduced to selling their possessions on the street. Putin, by contrast, has quelled the economic mayhem – inflation is down, pensions have increased. Even more importantly he has restored Russia’s sense of self-worth – crushing the Chechen revolt, refusing to play along with the West over Syria. Living in Notting Hill you might not find Putin to your taste, but for those facing the realities of contemporary Russia he is a godsend, the strong leader that the country needs at this crucial time of transition and uncertainty.
I admit that the deals have yet to come to fruition but that doesn't mean that they never will.
We will have to wait and see who's right...
Good luck to you on your short play ;)
Cheers!
Look I understand what you are trying to say about a few western companies trying to do some biz. But that's not going to rescue Gazprom.
It's a woefully mismanaged company that's owned by a corrupt weakling Putin insider that needs to steal from the Russian people coffers just to try and build the Siberian pipeline to China.
They are under serious capital constraints and it's not looking to good for them over the next 6-12 months let alone their stock value on the minor league OTC.
The Europeans and global governments are not happy with the Russians and it's not going to improve relations with the West over Putin putting a few troops and planes inside Syria.
Let's set the record straight not every oil and gas company in the western world is business with Putin.
He's only got another 6 months of good public support at home because when inflation starts popping up even more normal Russians they are not going to be happy with him.
Putin can only blame the Americans and the West for so long and he's used that BS line way too many times. Eventually that will catch up to him and when it does companies like GAZ aren't going to make it because they are paper tigers, broke, weaklings, propped up by Russian Govt.
We all know how that works right? Let's think about it communism by corrupt certain level people that live like kings like Putins net worth of $80 Billion plus that he robbed from the Russian people.
Or the Western World king of the markets and money?
The only reason Putin has $80 Billion plus is because Gorbachev took down the wall 25 years ago and Western Capital flowed in. Russia is a ghetto. Now we took away all of our billions in capital flows and slapped sanctions on the idiot. Putin got greedy along with oligarchs. While common Russians struggle. Now look at Gazprom low oil and gas prices and no more Western technology nor money...that's why Russia is a one trick pony that's easily controlled just like Gazprom.
Screw Gazprom and ahole oligarchs and corrupt Putin who owns it.
I'll continue my shorting but thanks.
There is not much upside to the stock in the near future on the OTC. Sanctions have bit them as well as low gas prices.
Tell me a real reason why someone would park their money here and say ok double it?
It's not going to happen. Last time this traded at 8 bucks was when it was sliding down the front side of a tsunami WAY WAY BACK in July Aug 2014 a year+ now over 365+ days and counting and has bottom feeding ever since other than a minor pop to $6 and then capitulation once again back down to low ball Susie.
Like I said they announce deals like a drunken liar sitting on a bar stool in Moscow. But how many actually happen maybe 9 times out of 10 they are just "pie in the sky" and it's obvious the entire worlds investment community agrees with my analysis and not yours. If they did this stock would be popping over $10 and heading north on these alleged fantastic deals.
Look at the PPS truth is in the stock price and that's a fact you can't dodge behind.
It wouldn't surprise me if they bloated their natural gas deliveries and forged that as well.
I don't trust a word that comes out of GAZ, Putin or anything Communist Russian.
That's why their stock trades for a mere pittance on MICEX and on the OTC right LOL? Yeah they are just real dynamos.
Look up at the scoreboard I've been shorting this and will continue to do so from the 30's. If I want to I guess I could stop shorting but why do that? It's to much fun shorting the poor Russian corrupt midget Putin while I drink my stoli.
Welcome to the Western World where we rule.
But go ahead and please state for the record your facts.
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