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SGTPY - Surgutneftegas: Now It Looks A Bit Less Crazy In This Crazy Market
Surgutneftegas PJSC ADR Repstg Pfd Shs
Photo source: RBC
While the markets are valued unjustifiably high for the severely damaged global economy, Surgutneftegas (OTCPK:SGTPY) has suddenly become a more relevant investment idea than ever before. The stock is still cheap and may please investors with a 15-20% dividend yield in 2021 when no other O&G company is capable of delivering comparable yields. In this article, I'll discuss this investment case and a unique set of risks you need to tolerate if you want to invest in Surgut.