Seeking Alpha

Up 27% YTD, but trading at just 5.7X earnings, Bernstein sees another 25% upside for Russian...

Up 27% YTD, but trading at just 5.7X earnings, Bernstein sees another 25% upside for Russian natural gas giant Gazprom (OGZPY.PK +1.2%). However, the company's ties to the Kremlin leaves one to wonder for whose benefit the firm is run for. Don't expect the multiple to rise; a purchase of Gazprom now is a bet on higher gas prices.
From other sites
Comments (3)
  • fxmaven
    , contributor
    Comments (1455) | Send Message
     
    Gazprom's LNG exports to Japan from Sakhalin will grow tremendously, this is a good one, once you look past the political risk/corporate governance issues. CVX is also a good play on asian LNG with gas project in western australia.
    30 Mar 2011, 02:55 PM Reply Like
  • tigersam
    , contributor
    Comments (1711) | Send Message
     
    Why go to Russia. We have several companies here who trades at 5.7x earnings. Too much corruption over there.
    30 Mar 2011, 03:04 PM Reply Like
  • alidavali
    , contributor
    Comments (8) | Send Message
     
    With rising LNG exports Gazproms earnings will not adecuatly respond. As usual export taxation will be changed.
    31 Mar 2011, 11:53 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs