Posted on 03/02/2022 6:45:59 AM PST by marcusmaximus
Russian natural-gas giant Gazprom, oil-producer Lukoil and leading bank Sberbank are all penny stocks based on their trading on the London Stock Exchange, as the local market was shut for a third day.
Sberbank SBER, -87.43%, which had assets of over $500 billion at the end of 2021, was trading for 3 cents a share in afternoon action. The European Commission on Wednesday approved the resolution plan for its Croatian and Slovenian arms that will be sold. Its Austrian and Czech operations will be wound down, with depositors compensated up to €100,000.
Lukoil LKOD, -96.03%, Gazprom OGZD, -84.21%, and Rosneft Oil ROSN, -64.03% continued to collapse as the dollar-denominated secondary listings in London remained the one venue where Russia’s top companies could be valued.
(Excerpt) Read more at marketwatch.com ...
Hitting the skidski.
Happened in 2014 as well.
Well, I wouldn’t pay even a penny for their stocks!
Yet the US and Europe continue to buy at top dollar oil and gas from Gazprom and Lukoil and pay promptly with hard currency. Would seem that someone is and will be making a blood soaked fortune with these transactions and stocks.
Biden needs to stop buying Russian oil immediately! Germany, too.
lol... always with the hitler thing. idiots.
Putin may be the modern villain but last I checked he has killed no where near the number of people the US has killed in the last 20 years.
Might be worth it to buy $100 worth. Ya never know, they could be the next Gamestop.
They are ADRs, not stocks.
I don’t disagree.
If you’re a really speculative investor, you’re thinking that Putin will lose his office over this and that there’ll be some changes amongst the top political and business leaders in Russia.
IF that happens, these stocks will recover and a person could make some money off this.
Or if you are a politician with inside information to that effect.
But but but Russia Russia Russia has been kicked out of the SWIFT system!!!
Well, mostly.
Just for the appearances of the Ukraine-Russia Kabuki Dance.
Not in a way that would actually crimp our Rus oil imports, or Germany's or Italy's heating fuel...
Meanwhile, back to debunking those baseless and unfounded allegations that the rigged US "election" of 2020 was rigged.
Bookmarked.
Hmm.. it appears the stress of sending invaders into another country is weighing on Pootie.
“Would seem that someone is and will be making a blood soaked fortune with these transactions and stocks.”
The Biden Crime Syndicate first comes to mind - and, no, I am not joking.
Excuse, please, comrade - boot ven did yuuu rrrreceive yurrrr commission in de Cheka?
Who is buying up those stocks?
Follow the money!
It’s probably a safe bet that the one’s who set up the sanctions are buying up the best stocks, and then when the sanctions are dropped will make windfall profits. Most of these trades and the profits will never see the light of day.
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