Sunday, September 13, 2009

CEO of one of our stocks - Alexei Miller from Gazprom - afraid that Ukraine will not be able to pay bills in 2010

Gazprom CEO Alexei Miller expressed his concerns about what the Global Crisis could do to the Ukraine. The country might not be able to pay for its energy needs in 2010.

With the Ukraine being an important customer of Gazprom, we should keep track of this.
The BBC reported this news. Click here to read the full article. 

Gazprom did perform well in week 37 and recovered from a poor start in week 36, but we do not see any reason to act already right now based on this news.
We simple want to be on the alert.