Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (36553)	7/26/2003 3:07:35 PM
From: smolejv@gmx.net	Read Replies (1) of 74559

Maybe of interest...from Platow Emerging Markets letter Unfortunately in case of Yukos the news are dominated by the political witch hunt, so the very good Q1 numbers just do not make any dent. After having taken a real good care of the cost side, Yukos is producing at the level the competition can only dream of. At the moment the production costs are at 1.45$ a barrel. Compare that to the Q1 net income of average 9$ per barrel. The closest rival Lukoil has Q1 production costs at 2.56$ / barrel. And Lukoil's average net income is 5.20$ In any case, even Lukoil does not need to be ashamed of its numbers. Both enterprises have surprised the analysts on the positive side. A clear sign, that the business of Russian oil multis is doing fine. The moment the political hoopla is past, we can expect yet again a round of strong advances.

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