Gazprom: What you should know about the world’s cheapest major energy company – in 94 pages (Research Report #1)

Gazprom: What you should know about the world’s cheapest major energy company – in 94 pages (Research Report #1)
28 December 2018

Image by Nastya Sokolova /

Back in the mid-1990s, I backed a property company that was developing real estate in St. Petersburg, Russia.

On its board of directors was a man who should later on become known around the world.

Vladimir Putin.

When he was Mayor of St. Petersburg, Putin was relatively accessible for foreign businesses looking to get some local political support. I remember how back in those days, he had a reputation for getting things done.

Provided, of course, it was in his own self-interest.

Little did I know that this local politician was to become one of those figures that somehow remained a part of my life.

As if it wasn’t enough to come across him on the news virtually every day, Putin is also the principal protagonist in my new research report, published today on

Although the conclusions I draw in there are entirely different from what you’d usually get to read in your average European or American newspaper.

A research project gone awry, in the best possible way

I actually started researching today’s report with the simple aim of writing one of my short Weekly Dispatches.

However, after delving into the subject of Gazprom, Russia’s largest and state-controlled gas company, I concluded that this story was too interesting to waste it on a short e-letter article.

Fast forward a few months of regular reading and writing, and this initial spark of an idea has turned into a 94-page research report.

It’s one of those stories where I have to admit that the end result of my research efforts is entirely different from what I expected it to be.

I, too, had preconceived views and ideas about Russia, Putin, and Gazprom.

But upon checking, I found that they often didn’t match the reality on the ground. As I had to admit to myself, my views of the subject were outdated and incomplete.

Writing the report also provided some throwbacks to the 1990s.

Again, it was Putin.

And again, he was getting things done.

Much more so, actually, than I would have ever believed based on the mainstream media’s reporting on Gazprom.

Every generation of investors gets some big opportunities

When hard facts point to a very different direction than my existing beliefs, I am the first to admit that I have to change my view based on what I've learned.

If anything, I hope that those who actually do take a look at this report will conclude that they've learned something new.

Obviously, far and few they will be, given the current Russia Hysteria. I doubt this report is going to get many downloads. There is probably no country that most investors are currently more afraid of investing in than Russia.

This has had the effect of making Russian equities – as a whole – the cheapest major stock market in the world. Nowhere else can you pick up stakes in market-leading companies at as low a price as in Russia.

Low valuations aren’t of much use for as long as there isn’t a trigger that leads to the market taking a new, different view. Only when there is a catalyst for valuations changing is an under-valued company worth buying into.

I believe there will be not one, but several catalysts that will eventually lead to the valuation of one particular company, Gazprom, changing dramatically. Here is an opportunity to not just double your money, but to potentially make a multiple of your original investment: 5, 10 or even 20 times your investment.

This is what my report is all about: Little-known facts, analysis on how it all glues together, and catalysts that will lead to change. Combined with an outlook on how much money it could make over the next 3, 5 or 10 years.

The first of 10 reports coming up over the next 12 months

It’s the first in my re-launched line-up of regular, extensive research reports about companies that private investors should take a closer look at:

  • Listed on a major stock exchange and very easy to buy and sell.
  • Extremely undervalued, to the point of getting a large chunk of the company’s assets for free.
  • While you wait for the market to change its view of the company, you are getting a dividend yield of probably more than 6%.

Personally, I have come to conclude this is one of the smartest investments you can buy.

Though ultimately, this is entirely up to you to conclude for yourself. I am just providing some ideas and some background reading.

Did I pique your interest?

  • The report is now available on my website, to those who are members of the site (which costs a grand total of $49 a year).
  • If you’d prefer to read my free Weekly Dispatches (which are brief columns written in locations around the world, but also briefly introduce each new report), then you can now sign up to receive them automatically by email.

My newly re-launched website is on a mission of finding Big Ideas that any private investor can latch onto.

While you are reading this, I am already working on reports no. 2 and 3. There is plenty more coming in the next few months, and I’d be delighted if you joined my investor network.

P.S.: As you will also see on my website, I don’t harass my readers with aggressive display ads, silly affiliate marketing or other annoying nonsense. If you sign up, you’ll get a limited number of emails and I will never share your data with anyone else.

Print this article

Did you find this article useful and enjoyable? If you want to read my next articles right when they come out, please sign up to my email list.

Share this post:

Subscribe to my news

  • Get your weekly dose of investment inspiration - and my FREE eBook "The world's best investing blogs".
  • You can unsubscribe at any time. I'll treat your data with respect, see my Privacy Policy for details.
  • This field is for validation purposes and should be left unchanged.


Most recent

Latest reports (for Members only)

Laggard turning growth stock

Laggard turning growth stock

This European market leader has a 3x-5x upside over the coming 3-5 years if new management gets its growth engines revved up again. Will it?

Undervalued liquidation case

Undervalued liquidation case

This London-listed stock could throw off 3-3.5x the current share price. Funds specialised in complex special situations have already taken note.

Mid-cap bid target

Mid-cap bid target

The company's CEO and COO have been given a strong financial incentive to at least double the share price by mid-2026. They are likely to succeed.