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Public Joint Stock Company Gazprom (OGZPY)

Other OTC - Other OTC Delayed price. Currency in USD
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9.28-0.19 (-2.01%)
At close: 03:57PM EST
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  • R
    Robin
    Gazprom and APA are by far my two favorite E&Ps.

    Gazprom has completed its major pipeline projects (Turkstream, Nord Stream II - CAPEX at least - and Power of Siberia) and now has much higehr sales capacity - maybe importantly the start-up of its first gas pipeline to China (man, right on time too). Gazprom will build Power of Siberia II, but no more pipelines to Europe at least. The very high gas prices in Europe ad Asia are likely here to stay. It does not have to be $30/mmbtu (crazy) -Even if it was $10/mmbtu that is a huge price. As U.S. government and activists supress shale growth Russia is the real winner. And P/E so low and massive dividends will whittle down my cost base. Gazprom did RUB 65/sh for 9M of which RUB 25 was in Q3. Q4 probably RUB 35 so RUB100 for the year. Gazprom mused 2022 should be at least as good (likely much better). Even at EPS of RUB100 (P/E is 3.3X) dividend will be RUB50 (non Russian shareholders get RUB40 after 20% withholding tax - I think it is 20% or is it 25%?). That is 13% yield to me. Huh??? Next year likely higher. And this is all possible without Nord Stream II (who needs it - Ha Ha). I care more about Power of Siberia II to sell more gas to China for long-term EPS growth. Gazprom's huge free cash flow will also allow them to reduce debt (blance sheet already strong, but why not go towards being near debt free to really get risk down). Crazy... Gazprom many years ago I think was trading at 3X the current price - an era of high gas prices (but also lower Russian taxes). Novatek, Russian LNG supplier I think trades at 10X P/E (Yahoo data is error, but hard to get to real figure). Gazprom is seen as more political (and it is), but a P/E below 6X just makes no sense as that would also imply a dividend yield of 8%, which should be a level that should nt be any higher. Given the quality of Gazprom assets and low company risks it should be 10X P/E. The political risk premium is absurd.
  • Y
    Year_2020
    7.8 Billion Dollars in profit for 3rd quarter - Russian natural gas giant Gazprom's (GAZP.MM) on Monday reported a third-quarter net profit of 581.8 billion roubles ($7.8 billion) after a loss of 251 billion rouble a year earlier, reflecting higher gas prices.

    Gazprom said its July to September revenue rose to 2.4 trillion roubles from 1.4 trillion a year earlier.
  • P
    Petar
    Compared to last year, Europe paid an average of $ 115 per thousand cubic meters. With deliveries of 175.7 billion cubic meters in nine months, the total difference was $ 20.2 billion, almost double the price of Nord Stream 2 ($ 11 billion). Thanks to America and too much green EU.
  • N
    Nomad
    I added under $8.50 what a gift

    MOSCOW, Nov 22 (Reuters) - The suspension of the approval process for the Russian Nord Stream 2 pipeline by a German regulator could be short-lived as Europe is hungry for more gas, an analyst said on Monday after meeting officials of Russian state gas giant Gazprom (GAZP.MM).
  • E
    Easy Pop
    When Putin invades Ukraine we'll see how dependent Europe is on Russia oil and if they roll over as he assumes. They need the fuel but this does illuminate why they need alternative energy sources and further motivate them to find more alternative solutions.
  • S
    Speranta
    Nine months of 2021. Gazprom provides over 53 per cent of Europe’s gas imports

    Over the first nine months of 2021, amid the growing demand and declining indigenous production of natural gas, Europe’s gas imports increased by 18 billion cubic meters (or by 7.5 per cent) against the same period of 2020.
    Pipeline gas has been key to meeting the increased demand. Over these nine months, Europe boosted its imports by 31 billion cubic meters (or by 20.4 per cent), with about half of this volume (or 48 per cent) supplied by Gazprom.
    At the same time, imports of liquefied natural gas went down by 13 billion cubic meters (or by 14.5 per cent).
    It should be noted that Gazprom’s share in Europe’s total imports of pipeline and liquefied natural gas during these nine months exceeded 53 per cent.
  • Y
    Year_2020
    Russia's Gazprom boosts investments to $24 bln in 2022
  • R
    Robin
    Gazprom fulfilling all of their contracts. Europeans cannot have their cake and eat it too. Gazprom willing to sell more under long-term contracts (even transiting via Ukraine or Poland), but European customers do not want to buy long-term contracts - That is how fair to both parties. You then can't force Gazprom to sell more gas on spot - that is one-sided. Gazprom willing to sell on spot via Nord Stream II - How is that unfair? It is not Russia's responsibility to save Europe. If Russia sold less than contracted then Europe has a legit beef, but that is not the case. Why don't the Europeans ask the U.S. to send more LNG? (Of course, the U.s. has no ability to do so). If Germany does not want to approve Nord Stream II then let them freeze this winter - Sweet Justice. Not Gazprom's fault. Gazprom has no need for Nord Stream anyways - They are gonna post insane profits in 2021 without Nord Stream II (that is just icing). If anything Nord Stream II is NEGATIVE for Gazprom earnings. They would sell 25% more gas to Europe, but price may crash by 50% as a result (from say $25/mmbtu to a still very high $12/mmbtu when normal is around $6/mmbtu). So Gazprom better off having Nord Stream II delayed. Russia should forget about expanding pipelines to Europe. China needs a lot of gas - Russia working on Power of Siberia II pipeline. They should focus their gigantic Yamal gas field to pipelines only to China (and India?) and forget the Europeans - better for business long-term.
  • К
    К
    Gazprom will give $1.3 per receipt. The first half of '22 will also be very strong because of the lag to the price of the long-term contract. Groningen in the Netherlands will be stopped in 22, Europe's own gas production will collapse even more.
  • P
    Petar
    For more educated and informed here - why would Russia even attack Ukraine? Considering Gazprom, company spent over 8 billions of $ to complete NS2 in 5-6 years and now they will drop everything because of war against one of the poorest countries in Europe? What I'm looking but not seeing? Natural gas is bread and butter for whole Russia, and with war they would jeopardize whole european profits for what - failed country with what to win there? If they start war Russia knows their NS2 will become fish food. My thinking is that Putin's goal is maintaining that "almost war" situation, even though I see no real goal about that. Thoughts?
  • A
    Anthony
    I have a feeling there's going to be some overdue selling in the markets due to the virus.

    Just my thought.
  • A
    AQUARIUS
    Folks, for the comparison purposes you have to look into the Electric vehicle maker Rivian (RIVN). The company hopes to deliver 1000 vehicles this year, it doesn't make any profits. Yet, its enterprise value exceeds General Motors (!!!!) and almost the same as Gazprom's enterprise value. The Theater of Absurd.
  • S
    Speranta
    On such inflation induced in a large way by energy, Gazprom stock should be 3x higher. Dividends, if distributed like they promised should shake the shorters.
  • P
    Petar
    Everyone blaming slow movement of Gazprom stock price must be aware that spot prices are not something Gazprom profits the most. Yes, it moves sentiment and future contracts prices up but most of the profits comes from long contracts. Few months ago Putin said Germany pays a 220 $/m3 gas, Moldovia for next 5 years contract pays 450$/m3, Serbia around that price also. So, spot prices seen last weeks does not give Gazprom bigger checks, but average price for future contract will definately move maybe 50% up, and that's the key for future Gazprom profits. No more cheap gas, because US sells their LPG for highest bidder (ASIA), Morocco and Algeria does not have enough quantities to play a bigger role, european producers produce not much, and every year less and less. Russia is one and only large enough with quantities and transport pipelines to dictate price and supply. I'm long Gazprom and not selling atleast next 5 years, Gazprom position is so strong that no competition present at a moment.
  • A
    Anthony
    I have a sell price of 15. lets see if we can get there in a couple of months :)
  • E
    E
    wow that's a big move on medium volume, I guess no one wants to sell. Maybe moved with spot NAT gas price or rerating before the report in the end of November. You never know!
  • Y
    Year_2020
    Added a small amount today at $9.19.
  • G
    GoPavones
    Gazprom announced they are replenishing Europe's gas storage plants and the stock didn't move a penny. I had to actually go back and make sure I was invested in the right ticker lol. Can someone please explain what makes this stock move, thanks.
  • A
    Anonymous
    Can take up too 7 - 8 months to get the certification for the pipeline.
    Well, they need gas , they have now the pipeline to heat the population, but first it needs to be certified!. Perhaps, Germany should go back to coal or wood, at least for this winter.
  • Y
    Year_2020
    Why I'm Not Bothered With Geopolitics - SA Article