RNFTF News and Press, Rosneft Oil Co OJSC From 03/01/22

Exxon Mobil (NYSE:XOM) says it is beginning the process to discontinue operations at the Sakhalin-1 LNG venture in Russia and devising steps to exit the project, and will not invest in new developments in the country, in response to Russia's invasion of Ukraine. "Our role as operator goes bey...

Glencore (OTCPK:GLCNF, OTCPK:GLNCY) says it is reviewing its business activities in Russia, including equity stakes in En+ and Rosneft (OTCPK:RNFTF), as well as its wider trading operations in the country in light of Russia's invasion of Ukraine. Glencore owns a 10.55% stake in En+ Group, the...

Exxon Mobil (XOM +1.1%) reportedly has begun removing U.S. employees working in Russia and scaling back operations at its major offshore development project on Russia's Sakhalin Island in response to the crisis in Ukraine. Exxon has a 30% interest in the Sakhalin 1 oil and gas project, which ...

Just done my best estimates of my portfolio value today. It isn’t looking pretty, down 25%. My worst ever day by a country mile. I usually have a 20% country/stock/idea limit but this is hazy – I have had over 50% in resources for quite a while and have at times put c.30...

Russia imports large amounts of consumer goods, from cars and consumer electronics to food, and a ruble collapse guarantees a massive spike in consumer price inflation for people who earn their living in rubles. A major disruption of Russia’s exports of crude oil, natural gas, ...

The Ukraine crisis divides the oil and gas space into two halves, Russian and non-Russian. Investors should invest accordingly. Possible expansion of the scope of sanctions in the near term and new geopolitical reality in the long run make the Russian oil and gas stocks into possible ...

Over the weekend, BP (NYSE:BP) announced plans to divest from the Company's ~20% shareholding in Rosneft (OTCPK:RNFTF); after the close Monday, Bloomberg sources indicated BP is planning to sell its ownership stake back to Rosneft. In the current environment, the buyers list for Rosneft share...

Update: According to Bloomberg's Washington Correspondent, Shell (NYSE:SHEL) intends to exit its joint ventures with Gazprom, as well as its 27.5% stake in the Sakhalin-II LNG facility. Separately, Equinor (NYSE:EQNR) has decided to stop new investments in Russia and begin the process of exit...

Following news over the weekend that BP (NYSE:BP) will divest the Company's Rosneft shares (OTCPK:RNFTF), investors have begun to parse through energy sector holdings in Russia. BP shares are down ~5% with oil up ~4% (NYSEARCA:USO) following the news. Management could not be fa...

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...