A forum to discuss Natural Gas.
Gazprom appears an amazing buy on any normal criteria.
It has atronomic reserves and will need to raise prodigous amounts of capital to develop them.
The question is will Putin, or his successors, so raid the company's future cash flows as to make an investment madness or will the need for western capital stay their hand sufficiently to give us a a pay off?
I'm inclined to think that despite rising about 50% from its November low that today's price still really only represents option money.
Does any0ne have a view?
