Victoria Oil & gas ( London stock market ticker = VOG ) has agreements with russian gas & oil giant Gazprom, last year its share price was 77 pence a share, now it is 22 pence, it has a large number of oil wells it owns the liscences to 100 % , in Russia, its agreements with Gazprom are apparently unkown, could this be ripe for a take over in the coming few years, can i strike black gold ? if i invest in this company.
2007-09-27 02:18:45 · 3 answers · asked by Anonymous in Business & Finance ➔ Investing
Right now UK is not Russia's 'best friend' (at least, not now we have tightened up on Money Laundering) ..
... so the price most likely reflects political concerns .. (any '100%' agreement with Gazprom can quickly turn into a '0%' deal ..)
PS, I would be EXTREAMLY concerned if I saw a report that said :-
"its agreements with Gazprom are apparently unkown"
.. I would take that to mean 'unlikley to be honoured' ...
Personally I would not touch it with a bargepole ....
2007-09-27 03:52:49 · answer #1 · answered by Steve B 7 · 0⤊ 0⤋
Oil on the way up up up, lowest point reached now, so money will flood into oil stocks as quickly as it went out everyone likes a boom boom, This is going to make Investors in uk and russia very happy.
2016-04-23 23:12:10 · answer #2 · answered by Andy 1 · 0⤊ 0⤋
It is high risk, the situation weth Russia is a problem that may get worse but if you accept you may lose all your money it looks like it could be on the way up again, Id only invest a small amount & set a stop loss of 19p...sell if it reaches that but if it rises bring the stop loss up.
Good luck !
2007-09-27 05:03:27 · answer #3 · answered by Anonymous · 1⤊ 0⤋