SubscribeAll Posts Tagged With: "Gazprom"
Kevin Bambrough, Sprott Resource Corp: “Unbelievable Values in the Public Markets”
Source: The Gold Report
In this interview with The Gold Report, Sprott Resource Corp. President and CEO Kevin Bambrough—who is also Market Strategist for Sprott Asset Management Inc. —talks about signs of decoupling he sees, commodity price fundamentals he doesn’t see, and a catalyst to reignite the markets he hopes to see. He also talks about once-in-a-lifetime opportunities in the resource sector on the horizon for investors. He’s proven his mettle in this market as well as his eye for excellence in investments. In a feat as worthy than any alchemist in history, the company managed to turn a $55…
21Nov2008 | The Gold Report | Comments Off | ContinuedGazprom Keeps the Heat on Europe by Pressing Libya
OAO Gazprom, Russia’s state- sponsored gas monopoly, is offering to buy all of Libya’s oil and gas exports in a bid to increase its dominance over Europe’s gas market and enhance Russia’s political clout throughout the region.
Alexei Miller, Gazprom’s chief executive, made the offer on July 9th at a meeting with Libya’s head of state, Muammer Gaddafi.
“Libya positively evaluated Gazprom’s proposition to buy all future volumes of gas, oil, and [liquefied natural gas] designed for export at market price,” Gazprom said in a statement after the meeting.
A member of the Organization of Petroleum Exporting Countries, Libya produces…
14Jul2008 | Money Morning | Comments Off | ContinuedThe Anti-Dollar
Oil has become the “anti-dollar†of modern times. Oil is now serving as the source of global monetary discipline that gold used to perform.
Oil is the energy life-blood of all modern economies. So when a nation debauches its currency, the oil markets react instantly. And oil will not accept monetary malpractice, certainly not by the U.S. Federal Reserve. If traders perceive that the dollar is declining, this perception lights the fuse for oil prices to rise.
There is an old saying that “You can’t fight the Fed.†But oil is fighting the Fed. In fact, oil is scoring a knockout, like…
21Jun2008 | Whiskey and Gunpowder | Comments Off | ContinuedOil Company Profits: BP could lose $20 billion to Gazprom
Gazprom is moving to take control of BP’s Russian oil fields.
Gazprom, Russia’s government-owned energy company, already had plans to buy a stake in British Petroleum’s Kovykta gas field. And now, with rumors circulating that BP (BP: NYSE) is being bullied out of its Russian enterprise, Gazprom (OGZPY: Pink Sheets) could be planning to buy a majority stake in TNK-BP, the joint venture between BP and four Russian billionaires.
The Russian government in general, and Gazprom in particular, has a history of forcing foreign oil and gas companies out of local fields through corporate and legal harassment and tax hikes. The government hasn’t…
9Apr2008 | Stephanie Grimmett | Comments Off | ContinuedRussia vs. the Ukraine: Gazprom always wins
The Ukraine government is a teenage boy, and a rather ungrateful teenage boy, at that. The former Soviet Bloc country wants to be independent and chose its own friends. But at the same time, it still wants an allowance from good old Dad.
And in this case, Dad is Russian natural gas giant Gazprom, which threatened yet again this week to cut off not only the Ukraine’s allowance, but its electricity, too. And those threats aren’t going to end anytime soon.
In the good old days, the USSR subsidized energy to Soviet states. And even after capitalism and Gazprom emerged from the…
15Feb2008 | Stephanie Grimmett | Comments Off | Continued
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