In spite of unbelievably favorable conditions, Lukoil (LUKOY) (LUKFY) (LUKOF) shares still have space to grow. The company has more and more money coming in, at a little expense. It generates cash and distributes it among shareholders by both dividends and buybacks. At the current price, Lukoil has at least 23% growth potential.
Lukoil finds itself in perfect conditions
As an oil company, Lukoil benefits from high oil prices. As an exporter with 80% revenue from foreign sales, Lukoil benefits from a cheap ruble. In 2018, oil priced in rubles reached its