Photo source: RBC; image edited by Author
Being a shareholder of Rosneft (OTCPK:RNFTF) has never been boring: the company practices value-destroying acquisitions, walks on a razor's edge in politically unstable countries, and lobbies projects with high execution risks. On the other hand, Rosneft pretends to be a shareholder-friendly company by paying dividends without any cuts and buying back shares. Despite some positive points the company has to offer to the shareholders, I find the management's track record too questionable to give a bullish recommendation on the stock.