MrB Posted June 18, 2013 Share Posted June 18, 2013 ...and the scars to prove it? Please share some of your experiences or PM me. Link to comment Share on other sites More sharing options...
turar Posted June 18, 2013 Share Posted June 18, 2013 Link to comment Share on other sites More sharing options...
MrB Posted June 18, 2013 Author Share Posted June 18, 2013 Yes, I remember this guy. A bit of a crusader. Thanks. Link to comment Share on other sites More sharing options...
tracer Posted June 18, 2013 Share Posted June 18, 2013 http://www.finalternatives.com/node/23784 Link to comment Share on other sites More sharing options...
turar Posted June 18, 2013 Share Posted June 18, 2013 Also read about Magnitsky and Magnitsky Act: http://en.wikipedia.org/wiki/Sergei_Magnitsky http://en.wikipedia.org/wiki/Magnitsky_Act And how Russian lawmakers reacted: http://en.wikipedia.org/wiki/Dima_Yakovlev_Law (by basically cancelling all American adoptions and forcing children in process to remain in orphanages). It's really messed up. Link to comment Share on other sites More sharing options...
JEast Posted June 18, 2013 Share Posted June 18, 2013 Dean LaBaron wrote a book in 2002 comparing investing in both China and Russia called 'Mao, Marx, and the Market' with a subtitle Capitalist Adventures in Russia and China. When I spoke with him about 7-8 years ago he said that it would be highly unlikely that he would invest in Russia again. My own very dated experience indicated that as soon as the Russians signed a contract they would want to renegotiate. What -- we just signed the contract? Reply: Well if you signed the contract you must be taking advantage of us so we want to renegotiate. Hard to adjust 70 years of DNA molding :) I say just buy an index after it is down 60%, or more, from the previous peak if you want to play the Russian market. Cheers JEast Link to comment Share on other sites More sharing options...
prunes Posted June 18, 2013 Share Posted June 18, 2013 Thanks for this. Link to comment Share on other sites More sharing options...
MrB Posted June 19, 2013 Author Share Posted June 19, 2013 Doesn't strike me as a low hurdle, but then again. Everybody hates it. Link to comment Share on other sites More sharing options...
Green King Posted June 19, 2013 Share Posted June 19, 2013 Tell me you can buy. Or if you can help me figure out the reserves are real. if you can know they are there these are the the cheapest things on earth. Here All 2012 numbers So for Lukoil BOE is 17B and Market Cap 45B. $2.65 per BOE For Exxon BOE is 20B and Market Cap 400B. $20 per BOE. Gazprom BOE 230B and Market Cap 82B. $0.3565 (gas intensive) Per BOE Lukoil english statistics page 3 http://www.lukoil.com/static_6_5id_2112_.html Source Page 10 gazprom reference gazprom-reference-figures-2008-2012-eng.pdf Link to comment Share on other sites More sharing options...
meiroy Posted June 19, 2013 Share Posted June 19, 2013 My own very dated experience indicated that as soon as the Russians signed a contract they would want to renegotiate. What -- we just signed the contract? Reply: Well if you signed the contract you must be taking advantage of us so we want to renegotiate. Hard to adjust 70 years of DNA molding :) I say just buy an index after it is down 60%, or more, from the previous peak if you want to play the Russian market. Cheers JEast Lovely :) Link to comment Share on other sites More sharing options...
turar Posted July 10, 2013 Share Posted July 10, 2013 Vitaly is also Russian-born by the way: Link to comment Share on other sites More sharing options...
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