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LUKFY - Lukoil: Record-High Dividends Are Counterweighted By The Gloomy Outlook In 2020
PJSC Lukoil GDR - 144A
These weeks were really painful for Lukoil (OTCPK:LUKOY) (OTCPK:LUKFY) (OTC:LUKOF) investors and owners. The stock has done a time travel as it now trades at mid-2018 levels. Even though the sell-off has traits of a typical overreaction, this year will be really challenging for the company. Nonetheless, Lukoil is well-prepared to sustain low oil prices in the short term. Those who have nerves of steel will be rewarded with record-high dividends for 2019 and buybacks financed by debt, but it should be noted that 2020 dividends will be