Surgutneftegaz is the most undervalued company in the Russian energy sector. A frightening amount of money in the company's accounts. decade in the range of 25-35 rubles... current levels - strong buy... we buy from the current levels, expecting 36.1 in the coming days.
Russian equities look really good at the end of 2020 & 2021-2025! We take into account declining dxy and rising em currencies, sector rotation and increasing demand for commodities in china, with a favorable pace of capex L-shaped recovery in the energy sector... we also expect reduction of political risks in Russia more, than in other em... the recovery of the...
