It is likely that completion of consolidation and settlement of problems with minority shareholders will enable Sibneft to shift its efforts towards improved operating efficiency, which will boost the return on investments. The Level-1 ADR debut on international markets is clearly a bid to join the Russian blue chip club, and the discount of Sibneft stock compared with market leaders Lukoil and Surgutneftegaz deserves a second look. Comparative valuation Company Market Cap. RMG estimates The information contained herewith is based on information made available to the public and is for information purposes only. Information sources are deemed reliable by RMG Securities, however RMG Securities abstains from any liabilities determined from the information herewith.
Analysis is based on dated market information and is subject to change.