RNFTF News and Press, Rosneft Oil Co OJSC From 02/28/22

The Investigator Trust returned 13% in 2021, largely due to strong performances by our energy shares. Right now, we have the trifecta – a stock, real estate and bond market bubble, all driven by the lowest interest rates in history and massive government spending. Many indi...

Russia/Ukraine news dominated weekend headlines, as diplomacy moved forward, financial sanctions accelerated and violence continued in Ukraine. Many of the geopolitical updates will move commodity markets, and come in concert with energy-related policy statements. OPEC+ rumors swirled, as Fra...

This week's DOE inventory update showed a larger than expected 4.3mb draw in oil and oil products (NYSEARCA:USO). TSA checkpoint numbers pointed to a ~15% increase in traffic week on week. Saudi Aramco's (ARMCO) CEO indicated that energy prices are high mainly because of strategies and polici...

Western leaders made a series of strongly-worded speeches Thursday, laying out plans for Russian sanctions. Today the Russian stock market is up ~20%, the Ruble is up ~3.5%, oil prices are down ~1.5% (NYSEARCA:USO) and European natural gas prices are down ~10%.  European leaders were rum...

Rosneft has made up around 12% of BP's profit before interest and tax and around 10% of BP's free cash flow on average over the last 5 years. The impact of potentially losing this income in the future is lower because of BP's improving ability to generate free cash flow internally. ...

BP (NYSE:BP) shares have struggled in recent weeks, down ~13% even as oil prices have risen substantially. Friday, RBC analyst Biraj Borkhataria upgraded the shares, indicating that the Company's ~20% shareholding in Roseneft (OTCPK:RNFTF) is not as material as it once was.  Biraj estima...

BP (BP -6.6%) plunges to its lowest level in more than a month even as crude oil prices touch $100/bbl, as Russia's invasion of Ukraine sparked a selloff in perceived risky assets. BP is more vulnerable than Big Oil peers to potential sanctions, as it has been engaged in Russia for more than ...

Update #2: Justin Trudeau of Canada announced sanctions against Russia, following a meeting with G7 leaders:  Cancelling all export permits with Russia, stopping new issues. Sanctioning 58 individuals and entities, including banks and the paramilitary organization known as the Wagner Gro...

Update: Prime Minister Johnson speaking in front of Parliament indicated that UK sanctions will:  Exclude Russian Banks from the UK financial system. End Russian banks' ability to access Sterling or clear payments through the UK. Impose an asset freeze against all major Russian Banks, im...

Ahead of the US market open Thursday, the most heavily traded April Brent oil contract sits at ~$101, while the less liquid March contract hit $105. European natural gas prices are up ~30% to ~$37, and US Henry Hub natural gas is up ~8% to $4.8. European energy stocks are mixed, Russian names...