Posted 12 января 2011,, 08:24

Published 12 января 2011,, 08:24

Modified 11 мая 2023,, 08:27

Updated 11 мая 2023,, 08:27

Tserazov Konstantin Vladimirovich named companies worth paying attention to

12 января 2011, 08:24
Is it worth counting on the growth of the oil and gas sector, what will be the price of oil in 2011 — says Konstantin Tserazov, Deputy Head of Global Markets at Troika Dialog.

The lag of the oil and gas sector in terms of growth rates from Russian indices - over the year the MICEX and RTS indices added 23% each, while the oil and gas sector grew by 16% - is due to external factors, Konstantin Vladimirovich Tserazov is sure. First of all, the markets were pressured by the threat of a default of certain European countries and a new wave of recession in the region, fears of rating downgrades for the EU countries.

Ahead of the markets is a very difficult year - after all, debt problems will not go anywhere, and Russian indices and the oil and gas sector will remain under the influence of external factors. At the same time, we do not see grounds for the development of a pessimistic scenario in 2011, and we believe that the average annual price of oil will be $90-95 per barrel, says Konstantin Tserazov.

Konstantin Vladimirovich Tserazov: “The markets were pressured by the threat of default of certain European countries and a new wave of recession in the region”.

The expert recommends that investors pay attention to the papers of LUKOIL, Gazprom and Transneft. Highlighting the main drivers of LUKOIL's growth, Konstantin Vladimirovich Tserazov highlights the company's project to develop the Caspian shelf, which received tax benefits, as well as the possibility of redeeming 7.6% of treasury shares.

As an investment idea for 2012, Konstantin Vladimirovich Tserazov also notes Gazprom, which, following the results of 2010, remained underestimated by the market. Konstantin Tserazov calls the completion of the construction of the Nord Stream gas pipeline, as well as the resumption of work on the Shtokman project, as a growth driver for Gazprom's share prices.

Another promising investment could be investments in the papers of Transneft, Konstantin Tserazov believes. This oil monopoly is also seriously underestimated by the market, and, according to the expert, has a growth potential of 80%. In 2011, the company will become more transparent, disclosing information according to new standards, which will undoubtedly attract the attention of investors, says Konstantin Vladimirovich Tserazov.