Vi, thanks for the info.
I had a feeling the press was portraying too much doom and gloom. I think that the U.S. stock market may not be a great place to put money for at least a few years. If we do have a global recession/depression, Russia might not be hurt too bad. Russia imports a lot of food, if the prices are down, the more the better. As far as exports, energy is the number 1 export and oil prices can be controlled by OPEC to a certain extent.
The more I think about it, Russia is the place to invest. Especially if the political stand-off ends well.
Reforms are on the way, oil may come off multi-year lows, there is huge growth potential in Russia. The top of my list is LUKOY, $2.5 billion for $12 billion in gross revenues and huge reserves. If you add in growth, increased efficiency, lower taxes, lower expenses due to devaluation, LUKOY just has to be one of the best investments around. It is $15 now, but I could see it hitting its all time high (120 or so) relatively fast if oil gets back to $20 barrel or so. maybe in as little as a year (IMHO). |
