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Gazprom, Lukoil and Sberbank are now penny stocks as Russian companies collapse in London
Marketwatch ^ | 3/2/2022 | Steve Goldstein

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 ...


TOPICS: Business/Economy; Front Page News; News/Current Events; Russia
KEYWORDS: cancellingrussia; energy; gazprom; investment; lukoil; pennystocks; putinsbuttboys; putinworshippers; russia; russianaggression; russianstockmarket; sberbank; sorospuffers; stocks; vladmanuelputinstein; yourenext; yourenextpeasant
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To: allendale
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.

10% for the Big Guy!


21 posted on 03/02/2022 9:29:10 AM PST by COBOL2Java (Fauci is a despicable little turd)
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To: marcusmaximus


22 posted on 03/02/2022 11:25:01 AM PST by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
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To: JME_FAN

Yet another agent of the globalist\deep state\leftists, i see.

Every useful or pleasing claim about the war, no matter how unverified or subsequently debunked, rapidly spreads, while dissenters are vilified as traitors or Kremlin agents.


23 posted on 03/02/2022 11:40:51 AM PST by NicoDon
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To: SpeedyInTexas

52 week high on LKOD was $108, EPS was almost $10 per share. I think this one will recover.


24 posted on 03/02/2022 12:27:47 PM PST by Jonny7797
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To: NicoDon

Considering your comment about the United States killing more people than Putin, and the fact you joined in 2016, I’m willing to see you as at least a Russian bot account.


25 posted on 03/02/2022 1:34:56 PM PST by Greetings_Puny_Humans (I mostly come out at night... mostly.)
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To: marcusmaximus

This war is too costly for Russia. Modern economics seriously punish dictators and makes it too costly for them. I’m thinking peace talks are coming, Russia and the Ukraine will come to some compromise and oil will sink like a stone.


26 posted on 03/02/2022 1:46:54 PM PST by Sam Gamgee
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To: marcusmaximus

You can not buy them, only sell them. Brokerages are locking them up.


27 posted on 03/02/2022 2:31:32 PM PST by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: Greetings_Puny_Humans

Feel free, agent.


28 posted on 03/02/2022 3:39:47 PM PST by NicoDon
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To: Sam Gamgee
"Who's got an arbitrage angle for this?"


29 posted on 03/02/2022 3:55:04 PM PST by Justa (If where you came from is so great then why aren't Floridians moving there?)
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To: marcusmaximus

Next reflection - Pelosi and Mussolini

Schumer and Soros

Zuckerberg and the head of I. G. Farben

Hillary Clinton and Marie Antoinette

Ilhan Omar and Benedict Arnold


30 posted on 03/02/2022 8:08:15 PM PST by MadMax, the Grinning Reaper (Figures )
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To: NicoDon

7. Start tallying up Russian warfare,extermination deaths in Chechnya, Syria, Libya, Afghanistan, Belarus, Ukraine, assassinations, possibly in Venezuela, and the smaller former Soviet states.


31 posted on 03/02/2022 8:21:25 PM PST by MadMax, the Grinning Reaper (Figures )
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