Gazprom is one of the most polarising companies in global markets, but in my experience, those that dismiss it citing Russia, Putin or the oligarchs are looking through biased lenses and passing prematurely. I view the company not only as a potenitial multi-bagger, but as one of the market's best inflation hedges. If inflation gets out of the bottle, owning the world's largest gas reserves, 95% of one of Russia's best run oil producers and 177 000kms of pipelines (just within Russia) at a fraction of their replacement cost will be a pretty good place to be. These assets alone dwarf the current market cap, but there are also plenty of other income generating assets thrown in for free including power generation, property, banking and media.
Gazprom: The Ultimate Inflation Hedge
Gazprom: The Ultimate Inflation Hedge
Gazprom: The Ultimate Inflation Hedge
Gazprom is one of the most polarising companies in global markets, but in my experience, those that dismiss it citing Russia, Putin or the oligarchs are looking through biased lenses and passing prematurely. I view the company not only as a potenitial multi-bagger, but as one of the market's best inflation hedges. If inflation gets out of the bottle, owning the world's largest gas reserves, 95% of one of Russia's best run oil producers and 177 000kms of pipelines (just within Russia) at a fraction of their replacement cost will be a pretty good place to be. These assets alone dwarf the current market cap, but there are also plenty of other income generating assets thrown in for free including power generation, property, banking and media.