[lbo-talk] Gazprom in the U.S.

Peter Lavelle untimely_thoughts at yahoo.com
Tue Oct 18 23:09:47 PDT 2005


It is not confusing. A broker just about anywhere can buy a share that is traded elsewhere - nothing strange about it. You can buy in America Lukoil shares, but its ADRs are traded in London.

--- joanna <123hop at comcast.net> wrote:


> I asked my broker about Gazprom and he said:
>
> OGZPF is the symbol on our exchange, I think the
> value will be reflected
> on the exchange here, everything being equal...
>
> Is that right? How does that tally with your saying
> that it's only
> traded on the London exchange?
>
> I'm sooo confused.
>
> Joanna
>
> Peter Lavelle wrote:
>
> >Clarification: Gazprom's foreign traded shares are
> >ADS' and on the London exchange. If you are
> investing
> >for the long-term, buying this shares is ok. If you
> >are looking for a short-term return, do not buy
> them
> >as they will surely drop in value when the
> difference
> >between ADS' and commons comes to an end later this
> >year.
> >
> >--- joanna <123hop at comcast.net> wrote:
> >
> >
> >
> >>I don't know what ADR is, but Peter says DON"T buy
> >>it via the NYSE.
> >>
> >>J.
> >>
> >>Willy Greenfields wrote:
> >>
> >>
> >>
> >>>>Good for you Peter. We all want to retire some
> >>>>
> >>>>
> >>day.
> >>
> >>
> >>>>Very frustrating being here, with money, and not
>
> >>>>be able to buy a few shares.
> >>>>
> >>>>Joanna
> >>>>
> >>>>
> >>>>
> >>>>
> >>>I believe ADRs are available.
> >>>
> >>>
> >>>
>
>><http://today.reuters.com/stocks/Overview.aspx?ticker=OGZPF>
> >>
> >>
> >>>
> >>>
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