- Lukoil, along with other Russian stocks, sold off violently this week.
- Sanctions were announced, but there isn't going to be any impact on the flow of energy from Russia to the rest of the world.
- Shares are dirt cheap, with a price-to-earnings ratio below 4x and a double-digit dividend yield.
- The majority of the company's revenues are denominated in dollars, hedging against further declines in the ruble.
- Investors with a healthy risk appetite and an ability to separate their emotions from their decision-making process might consider Lukoil.
For further details see:
Lukoil: Blood In The Streets