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home / news releases / LUKOY - Lukoil: A Downgrade Until Better Times


LUKOY - Lukoil: A Downgrade Until Better Times

Photo source: Lukoil; edited by Author

With falling oil demand and the new oil deal being signed, oil producers all around the world are heading into the abyss. Lukoil's (OTCPK:LUKOY) strong balance sheet is certainly a good thing to have to sustain damage, but it won't help much to continue paying attractive dividends when oil prices are that low. Due to a lack of clarity in the oil market, I have to temporarily downgrade Lukoil to a Neutral rating. At the same time, the stock is going to be well-supported by insiders and

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Stock Information

Company Name: PJSC Lukoil ADR
Stock Symbol: LUKOY
Market: OTC
Website: lukoil.com

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