OGZPY - Gazprom Stock Needs To Be Reevaluated In Light Of Prospect Of End Of Shale Boom
- While most people are watching the Nord Stream 2 saga as a way to gauge Gazprom's prospects, a much bigger story is missed, namely the end of the shale boom.
- The shale boom of the last decade did not impede Gazprom from significantly increasing its gas exports, as many people thought it would.
- With the shale boom nearing its end, Gazprom has one less significant potential supply rival to worry about.
- Even if shale production will not decline, LNG exports would, because the only way to maintain shale production going forward is to increase prices, so drillers stop losing money.
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Gazprom Stock Needs To Be Reevaluated In Light Of Prospect Of End Of Shale Boom