Novatek - a tough nut to crack.
Edited by Rhod Mackenzie / 2014-08-05 05:18:16
Finance Oil and Gas Russia Dividends Financial results Shares Russia Oil and Gas Gas Novatek Petroneft Resources
Novatek – the largest independent gas producer in Russia – published the reports for Q2 and held a conference call, at which the representatives of the company highlighted the questions interesting for the investment community.
Novatek’s results were significantly better than my (Gregory Birge, "Investkafe" – Ed.) forecasts and market expectations. As expected, the increase in revenue is primarily contributed to the increase in the production of hydrocarbons, as well as the increased sales volumes of more high-margin products of gas condensate processing.
