I've been busy for a while now - A month ago I increased my position in E and bought Fresenius Med Care (FMS) , Veolia (VE), Siemens (SI) and Vinci (VCISY.PK) - Seem reasonable value stocks in my opinion
Hi Veritas ) thanks everybody for sharing their opinions - I know Gazprom is not an easy company to put in your portfolios; it's probably on of the most speculative large caps (+$100B) out there, so I understand if one decides to pass - I'm invested long term, but if i make a quick 30% I may decide again to sell some of my shares and bank the profits.
That's why the company has been punished and lost 30% of its value in these past two years - but this is going to be balanced by more supplies to asian countries and increasing prices at home and FSU countries where it has nearly a monopoly.
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I though it was a bargain at € 2.85 ; I think it is a better bargain now at € 2.50 - in fact I added to my position around € 2.30 three weeks ago. I'm in for the long run, so I reckon the bad results from Endesa and Enel in Europe are temporary and will be compensated by the growth in Latin America in the next years.
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Yes, another 10 tcf of gas added for a grand total 70 tcf - i made a few calculations: all that gas is worth hundreds of billions of dollars. Of course you have extraction and marketing costs, but if only half of that is recoverable and they manage to get a 10% profit margin, it will be worth at least $20 Bil in future earnings.
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Nice article - I wrote about Gazprom a few months ago, and i received quite the same remarks, that is, these companies trade at cheap valuation because of the political risk implied. I agree, but one must not forget that Russia may be turning into a better place for foreign investors, especially now that it is joining the WTO. I also agree there is lot of potential there for energy companies, that is why I strongly support Eni (E) - The Italian oil company has been collaborating with the Russians since 1969 and in my opinion is one of the best and safest proxies to indirectly invest into Russian oil and gas.
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Why Gazprom Is A Steal [View article]
Why Gazprom Is A Steal [View article]
* http://bit.ly/SVnt2P
* http://exm.nr/T9nn6b
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* http://bit.ly/T9noH7
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