Catechistic Rosneft

Grigory Birg of Investcafe gives his opinion.

Rosneft’s accounting has exceeded expectations and results of its development and continuation of activity in a number of important directions should have a positive impact on the company’s share price.

Rosneft will have to use at least four catalysts to increase its capitalization, namely a further reduction of its debt burden,the realization of synergies from the merger with BP-TNK, the development of the gas segment and confirmation of the Russian shelf’s resource potential. Just these issues were interesting for participants of the teleconference, whose beginning was delayed and which ended very quickly.