Thesis
As first discussed in my article around 5 months ago, Gazprom (OGZPY), the owner of world's largest natural gas reserves, is finally proving to be a good investment, as it going through a shift in strategy. Where previously Gazprom allocated its capital questionably, the Russian government now wants to make the most of its stake in the company, and that has resulted in a bigger focus on profitability and, more importantly, a very shareholder-friendly dividend policy. It has paid out record high dividends in 2019 after doubling the dividend (in ruble terms),