13.04.2020, 11:27
Shares of Russian Oil Companies Fell 1.5-3% on the Background of Transaction OPEC+
Source: OREANDA-NEWS
OREANDA-NEWS. Shares of Russian oil companies fell on Monday, March 13, amid the announcement of new terms of the OPEC+ deal. This is evidenced by the trading data at 11:05 Moscow time. The reduction range was from 1.5% to 3.5%.
Rosneft shares fell 2.5% to ₽335.35, Lukoil - 3.42% to ₽4954.5, Gazprom Neft - 2.23% to ₽329.5, Tatneft - 2.34% to ₽587.3; ordinary shares of Surgutneftegas - 2.56% to ₽36.13; ordinary shares of Bashneft - 1.85% to ₽1750. The cost of the nearest futures for Brent crude oil rose by 0.4%, to $ 31.36 per barrel as of 11:00 Moscow time. This is evidenced by trading data.
The stock prices of Russian oil and gas companies since the bottom of March 17 have risen by an average of 50%, but for long-term investors, current stock quotes still look attractive, said Veles Capital analyst Alexander Sidorov. This year, the dividend yield on stocks will be lower, but even after minus 1-2 percentage points, it will still remain at a fairly high level, the expert said.
Rosneft shares fell 2.5% to ₽335.35, Lukoil - 3.42% to ₽4954.5, Gazprom Neft - 2.23% to ₽329.5, Tatneft - 2.34% to ₽587.3; ordinary shares of Surgutneftegas - 2.56% to ₽36.13; ordinary shares of Bashneft - 1.85% to ₽1750. The cost of the nearest futures for Brent crude oil rose by 0.4%, to $ 31.36 per barrel as of 11:00 Moscow time. This is evidenced by trading data.
The stock prices of Russian oil and gas companies since the bottom of March 17 have risen by an average of 50%, but for long-term investors, current stock quotes still look attractive, said Veles Capital analyst Alexander Sidorov. This year, the dividend yield on stocks will be lower, but even after minus 1-2 percentage points, it will still remain at a fairly high level, the expert said.
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