Daily Archives: June 23, 2016

Gazprom (OGZD) stock Purchase – The worlds cheapest blue chip energy company

Russian stocks are extremely cheap right now. You can buy Russian stocks today at 1997 prices. It’s as if the Russian market has had two lost decades! Whilst there are reasons for investors shunning the Russian market, such as sanctions imposed by the western world, there is no reason for it to be trading at a price-to-earnings (P/E) ratio of just seven. This is true for even the bluest of blue chip stocks, like Gazprom for example, and this can be a great buying opportunity for individual investors who have a long time horizon. Gazprom (GAZ) is an energy giant. It holds the world’s largest natural gas reserves and currently produces […]