Replies to post #9 on Rosneft Oil (fka RNFTF)

[maverick one]

BP has a 20% stake in Rosneft. The Putin mafia owns the rest.

Defunding projects is part political and part falling oil prices.

The ruble has strengthened recently amid falling prices.

It's being propped up.

I trade this on the MICEX and GAZ it's cheaper but doesn't run as high than the listing on the OTC. American markets much more transparent and more $ drives it higher on OTC rather than MICEX. However I do trade this on MICEX on ups and downs smaller gains but I still make $. OTC listing has been sliding which is great for a shorty. :)

So I trade on both.

BTW- BP owns a 20% stake in Rosneft. Make no mistake the defunding of projects is a direct shot at BP to devalue their interest by the little midget St. Petersburg mafia man Putin. The Chinese are behind the defunding trying to push Western British aligned BP out of Rosneft.

9 times out of 10 anything Rosneft or Gazprom inks with anyone doesn't come to fruition with actual deals. Matter of fact they sign them and they then turn the deals 12+ months later into a letter of understanding which is more symbolic rather than an actual contract of execution.

Basically it's amateur hour PR from two wannabee Communist countries to show they are militarily aligned now and economically allegedly. The smoke and mirrors behind it is China is playing Putin. Putin has no where to turn to he boxed himself in financially like the idiot that he is. The only reason their O & G sector rose in Russia the last 10 years is because of American know how with technology and access to $. Western countries sanctioned them and now what they are doing the only thing they can do...run for the hills to China. Good luck with that asine move.

If China IS such a powerful country and trading partner to Russia then why is their O & G sector in so much trouble along with a falling Ruble? China lacks the American technology, experience and $ to help Putin.

They are both paper tigers.

Non-binding basically they could come out and say hey it's a 1 trillion dollar Chinese oil deal but in end nothing happens it's hot air and the US brain trusts knows the real truth of it and reality of any project they say they are doing is 9 times out of 10 hot air and malarkey.

Out of the oil rhetoric that's coming out of Moscow and Beijing the only real thing that will probably come out of all it will be the recent East Siberian pipeline (much smaller $30 bil) than West Siberian ($400 Bill pipe dream) that will connect to the Eastern Industrial Centers in China and that's it.