At yesterday's trading, Rosneft (LON:ROSNq) shares showed positive dynamics. The price of the asset found support for the December upward trend in the area of $ 4,998 the rebound from which allowed to enter the positive territory.
In my opinion, this will help to reassure investors, and the situation on the energy market, where Brent crude oil could rise to $63.3 per barrel, will change to the best. This, in turn, will balance the negative trends from external stock exchanges, as a result of which positive action will continue to form in the domestic market today.
Rosneft's revenues for the third quarter of 2017 increased by 6.9% (to $16,998m) compared to the previous quarter. Also in the third quarter of 2017, the company continued to implement key mining projects, developing trading and distributing hubs, which ensured the growth in revenues and EBITDA for the quarter with one of the best indicators in the global oil and gas industry.
Against this backdrop, I may say with certainty that Rosneft's shares are one of the most profitable investment decisions to date.
In the near future we already see a rise in price of the shares to the $5.30 level.