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2r2d2

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2r2d2

Re: JimQuinceH post# 632242

Tuesday, 09/15/2009 3:40:37 PM

Tuesday, September 15, 2009 3:40:37 PM

Post# of 704019
I am a long time holder of Gazprom and Sberbank. These companies have large government stakes, so Putin does not threaten them. President Medvedev is a former head of Gazprom. They are large and ineffiecient of course, but undervaluation makes up for it. One thing Gazprom is not, it is not a play on a rebound in price of North American natural gas. Natural gas prices in North America are completely separate from natural gas prices in Europe because there is no gas pipeline between Europe and North America and shipments of LNG are still negligible.
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