vrijdag 29 juni 2012

Gazprom: Betting on Russian Natural Gas

Gazprom is the world’s largest gas business engaged in natural gas, gas condensate and oil prospecting, production, transmission, processing and marketing both inside and outside Russia. I have been very bullish on Gazprom (OGZPY.PK) in January 2012 because the fundamentals of this company were very positive. You can read my previous analysis here. I noted that Gazprom was severely undervalued and had a P/E of 3.5, handed out a dividend of 2% and had a price to book value of 0.6. Since that article, the stock price of Gazprom has gone down 15% (Chart 1). I recognize that was a bad call. The decline has much to do with the worsening conditions in the Eurozone.

So what has actually changed for Gazprom since January 2012?

Read the full analysis here.

1 opmerking:

  1. Natural gas is an extremely valued resource in our society. It is not surprising, then, that the natural gas industry generates a great deal of commerce, in the United States and worldwide. This section is intended to provide an overview of the business side of the natural gas industry, including statistics and figures about the industry.