LUKOY - Lukoil: Russia's Exxon Is Fairly Valued
Summary:
This article takes a look at the Russian company Lukoil (LUKOY) which engages in exploration, production, refining, marketing, and distribution of oil (and some natural gas). Despite its cheap valuation compared to Western oil companies, I believe it is fairly valued considering the political risk and its historical valuation.
There is a lot to like about Lukoil: It's the most shareholder-friendly Russian stock I have researched, and in addition, the huge insider ownership should ensure management is on the same side as other investors. Dividend yield is above 5% and it has