|Day Low/High||104.75 / 106.63|
|52 Wk Low/High||74.98 / 108.87|
Not everything is priced into these shares.
If there's a 'long Russia' trade to make, it's Rosneft shares.
If oil can stabilize and move higher into the end of the year, I think there are some potential opportunities.
Russian companies will cut future production too, not just U.S. shale producers.
Russian stocks have been on a tremendous run thus far in 2016 with the iShares MSCI Russia Capped ETF up over 17% year-to-date.
Checkout line pressure means focus on income and spending numbers.