Gazprom (OGZPY) continues to perk up...above it's moving averages and above the corrective red line as well.
Our president's comments about other countries isn't likely to materially affect them. Plus, the real question to ask is...."Is all of the bad news already priced into the stock?" I'd say that it likely is. Yes, their debt is high...but two years of earnings could pay it off. By the way, the market cap is priced at 1 year's earnings or the same size as their total cash. So by many metrics, the stock is fundamentally undervalued. Cheap P/E, cheap price-to-book, etc. Cheap by most any fundamental metric out there. As far as charting opinion, no change in opinion since the chart above.
Do you think the President's comments about Germany buying too much of it's gas from Russia will stall any recovery? I'm near an average down point and wondering what to do? I'm interested in an overall update of your attitudes on this one.
True. Gazprom is building Nord Stream 2 Pipeline to Europe so Germany will get its share.
Wanda, I’m not sure. I know Russia supplies a lot of gas to western Europe.