ROSYY - Only Buy Telco Operator Veon Shares If You're Bullish On Oil And Gas

• Veon is an emerging market Telco operator with the bulk of revenue coming from Russia.
• Russian subscribers pay their subscriptions in rubles. The ruble moves in sync with oil and gas prices because Russia is an oil and gas economy. This impacts Veons top line.
• Veon reported Q3 2020 numbers showing a double-digit decline in revenue or low single-digit if corrected for the currency headwinds due to low oil and gas prices.
• Veon shares are trading near multi-year lows in the current perfect storm.  It may very well pay off to invest now for the mid to long term.
• Veon has numerous catalysts to push Veon shares higher, like receding currency headwinds, a further recovery of oil and gas, and organic growth of the business.

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