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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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1 posted on 03/02/2022 6:45:59 AM PST by marcusmaximus
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To: marcusmaximus

Hitting the skidski.


2 posted on 03/02/2022 6:47:14 AM PST by sauropod (Whom the gods would destroy they first make mad.)
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To: marcusmaximus

Happened in 2014 as well.


3 posted on 03/02/2022 6:47:38 AM PST by struggle
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To: marcusmaximus

Well, I wouldn’t pay even a penny for their stocks!


4 posted on 03/02/2022 6:54:11 AM PST by SpeedyInTexas (Whenever a Russian soldier is killed, an Angel gets its wings)
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To: marcusmaximus

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.


5 posted on 03/02/2022 6:56:14 AM PST by allendale
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To: allendale

Biden needs to stop buying Russian oil immediately! Germany, too.


6 posted on 03/02/2022 6:57:10 AM PST by marcusmaximus
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To: marcusmaximus

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.


7 posted on 03/02/2022 7:06:00 AM PST by NicoDon
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To: NicoDon

8 posted on 03/02/2022 7:09:32 AM PST by marcusmaximus
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To: SpeedyInTexas

Might be worth it to buy $100 worth. Ya never know, they could be the next Gamestop.


9 posted on 03/02/2022 7:09:52 AM PST by glorgau
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To: NicoDon

10 posted on 03/02/2022 7:12:46 AM PST by marcusmaximus
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To: marcusmaximus

They are ADRs, not stocks.


11 posted on 03/02/2022 7:16:16 AM PST by NorseViking
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To: glorgau

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.


12 posted on 03/02/2022 7:16:20 AM PST by MplsSteve
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To: MplsSteve
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.

Or if you are a politician with inside information to that effect.

13 posted on 03/02/2022 7:18:00 AM PST by dfwgator (Endut! Hoch Hech!)
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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.

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.

14 posted on 03/02/2022 7:53:45 AM PST by kiryandil (China Joe and Paycheck Hunter - the Chink in America's defenses)
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To: marcusmaximus

Bookmarked.


15 posted on 03/02/2022 8:24:35 AM PST by grey_whiskers (The opinions are solely those of the author and are subject to change with out notice.)
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To: marcusmaximus

Hmm.. it appears the stress of sending invaders into another country is weighing on Pootie.


16 posted on 03/02/2022 8:30:04 AM PST by ScottinVA (К черту Путина, к черту Россию)
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To: allendale

“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.


17 posted on 03/02/2022 8:33:36 AM PST by JME_FAN
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To: NicoDon

Excuse, please, comrade - boot ven did yuuu rrrreceive yurrrr commission in de Cheka?


18 posted on 03/02/2022 8:39:32 AM PST by JME_FAN
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To: marcusmaximus

Who is buying up those stocks?

Follow the money!


19 posted on 03/02/2022 8:40:06 AM PST by dfwgator (Endut! Hoch Hech!)
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To: dfwgator

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.


20 posted on 03/02/2022 9:00:54 AM PST by Rlsau1
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