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Re: Timothy Smith post# 13

Monday, 04/11/2016 2:08:29 PM

Monday, April 11, 2016 2:08:29 PM

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Rosneft (OTC:RNFTF) has become Russia’s most valuable company, as its market cap exceeds Gazprom (OTCPK:OGZPY) for the first time since its shares began trading in 2006, Bloomberg reports."Rosneft is growing its free cash flow and should do better in a stronger oil price environment. Gazprom’s free cash flow is on the way down and unlikely to reverse soon," says an energy analyst at Renaissance Capital.Gazprom still dwarfs Rosneft by production at ~8M boe/day to Rosneft's ~5M boe/day.
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