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NEWS & EVENTS: Breaking News


 01.12.2005 12:38


Dec 1. In equity market developments, blue chips are back in the black.

Russian stocks gapped upward in early Thursday trading on the back of a buying spree in liquid names that outperformed the market yesterday, namely Yukos, UES and Gazprom. Investors have also seen rising demand for other blue chips amid buoyant investor sentiment.

As of 11:30 am Moscow time the top advancers were Sberbank (up 2%) and Yukos (+1.6%), while Rostelecom saw mild gains (0.6%) and Uralsvyazinform inched down 0.95%.

Benchmark RTS Index is currently within spitting distance of its all-time high of 1,052 at 1,046, i.e. up 0.85% against Wednesday's close.

Sergey Belov, Asset Manager, Finam Investment Company


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12/01/2005 13:31 Gazprom +2,5% outperforms them all on its way towards 180 Rubels. One have to understand what will happen to Gazprom's revenues when rising gas exprt price for Poland, Baltic states, Armenia, Moldova, Georgia, Ukraine and even Russia next year by 50-200%. Remember that Russia will enter WTO and promised to double domestic gas price 2006-2010, also in line with Gazprom long term strategy. Beleive it or not: Gazprom today is still unexpensive !
 IntOilTrust
12/01/2005 13:35 Gazprom launches negotiations with CNPC on gas supplies to China. China Gas and Gazprom are to discuss a formal cooperation agreement based on memorandums of strategic cooperation signed in May last year. This while China Gas may announce new strategic investor. Super!
 IntOilTrust
12/01/2005 17:13 It seems the bargain under 180 Rubel will be gone today.
 IntOilTrust
12/01/2005 18:45 Jepp, 180 Rubels now as earlier assumed
 IntOilTrust
12/02/2005 12:15 Norwegian oil driller Seadrill is poised to start drilling two wells for Gazprom off India once its jack-up Ekha arrives from Iran
 IntOilTrust
12/02/2005 12:15 Gazprom plans to expand its presence in Venezuela by bidding for new projects, local media reported
 IntOilTrust
12/02/2005 12:16 This is REAL good news: Gazprom has dived into Sakhalin after striking a deal with TNK-BP which will see the Russian gas monopoly take on the exploration licence for the Lopukhovsky block near the island.
 IntOilTrust
12/02/2005 12:16 Gazprom has agreed to invite British supermajor BP to participate in a project to build an LNG export plant on the Baltic Sea coast near St Petersburg
 IntOilTrust
12/02/2005 12:17  *Cold weather sparks gas prices Cold weather forecasts coupled with a significant drop in natural gas supplies helped rocket prices to a two-week high of over $13 in the US
 IntOilTrust
12/02/2005 12:22 More GOOD news: Russian gas monopoly OAO Gazprom expects its average export price to western Europe to rise by 2 percent to 4 percent next year, the Interfax news agency reported. Vladimir Merkulov, a departmental head with the company's export arm, told a conference call that this year's average price would be around $185-$190 per 1,000 cubic meters, Interfax reported late Thursday. "Judging from the oil product price estimates we have, a certain decline in gas prices may be expected in the second half of the year. However, during the year as a whole we should evidently expect a slight rise in prices compared to 2005," he was quoted as saying.
 IntOilTrust
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Nov 11. The ring fence removal around Gazprom shares is rolled back for 2006.
Dec 1. In equity market developments, blue chips are back in the black.
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