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RNFTF - Lukoil Stock Forecast: What Investors Should Consider Going Forward
Rosneft Oil Co OJSC
Lukoil is one of Russia's largest oil producers. In 2021, with oil prices still rather low, the company was highly profitable.
High oil prices could boost profits this year, but sanctions, trading restrictions, and a large discount of Urals crude versus Brent will have a negative impact.
LUKOY is a high-risk play that might pay off for enterprising investors. But I am avoiding the stock for now and prefer lower-risk oil stocks.