Gazprom to Overtake Exxon Mobil
May 19th, 2008 | By Christian DeHaemer | Category: Oil Investment & Alternative EnergyGazprom is the world’s largest natural gas company. It holds 17% of the world’s total, and 60% of Russia’s. It also controls the trunk lines throughout Russia as well as most production, transmission, processing and marketing.
Gazprom is a $239 billion company in terms of market cap. And in one of its latest reports, it bragged that it would surpass Exxon Mobil in revenue by 2014.
About four years ago, I recommended that you buy Gazprom based on the fact that it had more natural gas than any company in the world. If you are still holding, you are up about 800%. Over the same period, Exxon Mobil is up 125%. You can see it as that little black squiggle on the chart…
With the energy boom in full swing and natural gas prices doubling, Gazprom will soon be the largest energy company in the world. I’ve found a $3 Canadian company that, due to a unique situation in North Africa, stands to make a bundle as Gazprom attempts to monopolize the natural gas industry in Europe. Read all about it here. Don’t wait. Things are happening fast.
Sincerely,
Christian DeHaemer
Editor, Crisis Trader
Source: Gazprom to Overtake Exxon Mobil
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Christian DeHaemer is the Editor-in-chief of the investment service 