VOG 2005 New Thread

It probably will not be the only negative read over the coming weeks, after the excitement has cooled off.

The FT, 19 November had a piece - "When Gazprom is Mr. Foo's only potential buyer."

This was just after the initial surge in share price.

Words such as "You can have the biggest gas resourse in the world but if they can only get it to flow in a dribble then it is worth nothing."

And "If you had 10,000bn cubic feet of gas in the ground, that gas has no value until you sell it to somebody."

And "There is only one buyer in Russia (Gazprom) and they are not going to give you the best price..." "Even BP, the world's biggest listed energy group after ExxonMobil, has difficulties negotiating with Gazprom."

Written by James Boxell - "Offers a note of caution as shareholders fall over themselves in a mad rush to buy into Russian gas."

Food for thought.

Pp.