LUKOY - Lukoil Has 21% Upside Potential
Since our last article about Lukoil on Seeking Alpha (you can read it here), the company yielded ROI 10% on a dollar investment, of which 7% are capital gains and 3% dividend. Recently Lukoil has announced new parameters of its buyback program and updated their strategy. This makes us think there is even more upside potential than initially thought.
Fundamentals brush
2018 was a year of wildest dreams for the Russian oil industry, with average Brent price 73.06$/bl and USD/RUB rate of 1$ = 62.72 RUB, which boosted profits of exporters.
Lukoil (OTCPK:LUKOY