Joshua S. Hall • 32 Comments
Nov. 21, 2014, 12:42 PM
- Lukoil (OTCPK:LUKOY, OTC:LUKOF) has climbed 12% in U.S. trading this week, and BCS Financial is advising clients to buy the Russian oil producer’s stock, saying the “huge discount” to its biggest competitors is not justified.
- Lukoil’s stock price does not reflect the tax benefits it will get from developing new Caspian Sea fields as well as production in areas where crude is more difficult to extract, BCS believes.
- Lukoil, up 3.5% today, said yesterday that overseas output jumped 44% YTD.
Apr. 1, 2013, 10:36 AM
Hess (HES +1.9%) agrees to sell its Russian subsidary Samara-Nafta to Lukoil for total consideration of $2.05B; based on its 90% interest in the subsidiary, after-tax proceeds to HES are expected to total ~$1.8B. Samara-Nafta is currently producing 50K boe/day in the Volga-Urals region of Russia. So far in 2013, HES has announced or completed ~$3.4B in asset sales.| Apr. 1, 2013, 10:36 AM | 1 Comment
Dec. 6, 2011, 2:14 PM
Shares of Getty Realty (GTY -8%) are hit hard after Getty Petroleum Marketing, a former unit of Russian oil company Lukoil (LUKOY.PK -5.6%), filed for Chapter 11 bankruptcy protection yesterday. The realty company is trying to end its leasing deal with Getty Petroleum to sublease 800 property units to gas-station operators around the country.| Dec. 6, 2011, 2:14 PM