Novatek PAO

Novatek is an independent gas producer and natural gas producer in Russia. Co. is engaged in the exploration, production, and processing of natural gas and liquid hydrocarbons. Co.'s upstream activities are concentrated in the Yamal-Nenets region, which is a natural gas producing area and accounts for a significant part of Russia's natural gas production. Co.'s three core fields are located in the regions of Yurkharovskoye, East Tarkosalinskoye and Khancheyskoye. Co. maintains natural gas reserves of approximately 1,144 bcm. Co.'s total net proved reserves totals around 8,088 million barrels of oil equivalent (boe).
  • TickerNVTK
  • ISINRU000A0DKVS5
  • ExchangeMoscow Exchange MICEX-RTS
  • SectorOil & Gas Producers
  • CountryRussia

Raiffeisen Centrobank Equity Daily 03.09.2020

 ATX indices review - FFF changes in IMMOFINANZ, EVN; ATX five: add: Wienerberger; del BAWAG Group  PL: Cyfrowy Polsat - Company expresses interest in expanding into radio (neutral)  RU: Detskiy Mir, Sistema - Sistema and RCIF sold their entire stakes in Detskiy Mir (neutral)  RU: Lenta - Vladimir Sorokin replaces Herman Tinga as CEO (neutral)  RU: Russian O&G statistics - Daily oil and condensate output up by 5.1% mom in August due to OPEC+ limits' easing (neutral)  RU: Russian O&G statistics - Gas production in August down by 4.1% yoy, but the recovery is already visible (p...

Andrey Kuznetsov ...
  • Andrey Gromadin
  • Andrey Krylov
  • Anna Kotelnikova
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Cole Akeson
  • Mikhail Krasnoperov
  • Research Team
  • Rodion Lomivorotov

CIS Market Daily - 26 августа 2020

КОММЕНТАРИЙ И ПРОГНОЗ - ФОНДОВЫЙ РЫНОК США БЬЕТ РЕКОРДЫ, А РОССИЙСКИЙ ПОКА ОТСТАЕТИндекс MSCI ACWI вчера вырос на 0,3%, Ñ‚. к. рынки в основном шли вверх. Впрочем, катализаторов было мало, а рост оказался не вполне уверенным. Россия котировалась хуже большинства рынков: индекс РТС упал на 1,1% до 1 267 пунктов, хотя нефть подорожала более чеÐ...

Andrey Kuznetsov ...
  • Andrey Gromadin
  • Andrey Krylov
  • Anna Kotelnikova
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Cole Akeson
  • Mikhail Krasnoperov
  • Research Team
  • Rodion Lomivorotov

CIS Market Daily - August 26, 2020

MARKET COMMENT - NEW RECORD HIGHS FOR US INDEXES WHILE RUSSIA LAGGEDThe MSCI ACWI gained 0.3%, as most markets rose but with few catalysts and little strong conviction. Russia was near the bottom of the global performance table with a 1.1% drop on the RTS to 1,267, ignoring a more than 2% gain in oil prices. Most indicators are positive for global and Russian stocks this morning, but without strong drivers. STORIES> Consumer spending growth accelerates in week to August 23> Novatek boosts dividend payout for 1H20 to close to 50%> Obuv Rossii: New business model, uncertain market lead to revisi...

Raiffeisen Centrobank Equity Daily 26.08.2020

 AT: AGRANA - Plans to concentrate sugar beet processing in Austria at its Tulln site after the 2020 campaign (positive)  AT: Oesterreichische Post - Closing of Aras Kargo acquisition (neutral)  AT: OMV - OMV issued new hybrid notes with a total volume of EUR 1.25 bn to finance the acquisition of Borealis (neutral)  AT: PORR - 2Q earnings below our estimates on in-line output but better order situation, FY 20 output target of just over EUR 5 bn lives up to our estimate (neutral)  AT: Vienna Insurance Group - PBT in line with preliminaries, realized gains on investments help cush...

Alexander Golinsky ...
  • Alexey Kirichok
  • Alisa Zakirova
  • Anastasia Khakhaeva
  • Andrey Gromadin
  • Anna Kotelnikova
  • Ekaterina Sidorova
  • Irina Lapshina
  • Nikolay Minko
  • Research Team
  • Svetlana Sukhanova
  • Vladimir Lezhnev

Долговые рынки сегодня - 11 августа 2020

РЫНОК ВНЕШНЕГО ДОЛГА СТРАН СНГВ длинных выпусках суверенных российских еврооблигаций продолжается ралли: в частности, выпуск Россия-47 вчера подорожал на 2,9 п. п. до 144%. Движение прочих длинных выпусков было ограничено 0,7-0,8 п. п. ГОСУДАРСТВЕННЫЕ ЦЕННЫЕ БУМАГИАктивность на рынке ОФЗ в понедельник была крайне низкой: обороты сост...

Raiffeisen Centrobank Equity Daily 03.09.2020

 ATX indices review - FFF changes in IMMOFINANZ, EVN; ATX five: add: Wienerberger; del BAWAG Group  PL: Cyfrowy Polsat - Company expresses interest in expanding into radio (neutral)  RU: Detskiy Mir, Sistema - Sistema and RCIF sold their entire stakes in Detskiy Mir (neutral)  RU: Lenta - Vladimir Sorokin replaces Herman Tinga as CEO (neutral)  RU: Russian O&G statistics - Daily oil and condensate output up by 5.1% mom in August due to OPEC+ limits' easing (neutral)  RU: Russian O&G statistics - Gas production in August down by 4.1% yoy, but the recovery is already visible (p...

Raiffeisen Centrobank Equity Daily 26.08.2020

 AT: AGRANA - Plans to concentrate sugar beet processing in Austria at its Tulln site after the 2020 campaign (positive)  AT: Oesterreichische Post - Closing of Aras Kargo acquisition (neutral)  AT: OMV - OMV issued new hybrid notes with a total volume of EUR 1.25 bn to finance the acquisition of Borealis (neutral)  AT: PORR - 2Q earnings below our estimates on in-line output but better order situation, FY 20 output target of just over EUR 5 bn lives up to our estimate (neutral)  AT: Vienna Insurance Group - PBT in line with preliminaries, realized gains on investments help cush...

Raiffeisen Centrobank Equity Daily 04.08.2020

 AT: AT&S - 1Q 20/21 sales and EBITDA above expectations due to FX, net below, 2Q outlook: sales flat, EBITDA in 20-25% range (neutral)  CZ: Komercni Banka - Conference call take-aways (neutral)  HU: Gedeon Richter - Richter received marketing authorization for a new product in the UK (neutral)  HU: MOL - July model refining margins turned positive, while petchem margins stayed under pressure (neutral)  HU: Wizz Air - July capacity utilization at 74% and 61% load factor (neutral)  PL: Alior Bank - Changed 1H 20 reporting date (neutral)  PL: LPP - Preliminary 2Q operating l...

Raiffeisen Centrobank Equity Daily 31.07.2020

â—¾AT: Andritz - 2Q 20 results way above expectations, new 2020 guidance: sales slightly down, EBITA margin at ~5% (positive) â—¾AT: Erste Group - Higher COR in 2Q, but strong operating result and capital (positive) â—¾FR: Verallia - Not immune but 2Q solid, FY guidance in line with RCBe (neutral) â—¾PL: mBank - 2Q 20 conference call notes (neutral) â—¾RO: Transgaz - The regulator set Transgaz's regulated revenue for transit pipeline 2 for the next gas year at roughly half last year's total transit revenue (neutral) â—¾RU: Novatek - 2020e capex to be cut by additional 15%, with no impact on LN...

Nikita Blokhin

Novatek: Q2 20 results a mixed bag; slightly ahead of market expectations

Novatek reported mixed 2Q20 IFRS results broadly in line with our expectations, enduring through the global hydrocarbon turmoil exacerbated by the LNG supply glut on the EU market. Amidst further macroeconomic downturn fuelled by the Covid-19 pandemic, the company managed to remain profitable in 2Q20, yet coming short on cash as FCF plunged under the water following substantial LNG capex ramp-up. As a result of the devastating hydrocarbon market backdrop, Novatek’s revenue continued to shrink...

BCS Fixed Income Daily: Gazprom, Novatek, MMK

COVID-19 treatment hopes buoy demand recovery speculation Ahead: Bulls charge into May Days. In one fell swoop, beleaguered sentiment has been given an injection of adrenaline and viable hope, which will govern sentiment … at least today. US markets yesterday climbed and global bourses today are either trading higher (Asia) or are set to open on an uptick (Europe); Russia, in particular, is no exception. The catalyst – US announcement that trials of the antiviral drug, remdesivir, have been promising and could be a breakthrough as an effective COVID-19 treatment. Markets have embraced th...

Alexander Golinsky ...
  • Alexander Sychev
  • Alexey Bulgakov
  • Alisa Zakirova
  • Andrew Keeley
  • Andrey Gromadin
  • Anna Kotelnikova
  • Ekaterina Sidorova
  • Fedor Kornachev
  • Kirill Rogachev
  • Mikhail Sheybe
  • Nikolay Minko
  • Research Team

Долговые рынки сегодня - 10 апреля 2020

РЫНОК ВНЕШНЕГО ДОЛГА СТРАН СНГВчера рынок российских суверенных еврооблигаций был довольно волатильным, однако по итогам дня длинные выпуски выросли в цене на 2 п. п., средне-срочные - на 0,4-0,5 п. п.ГОСУДАРСТВЕННЫЕ ЦЕННЫЕ БУМАГИПеред заседанием ОПЕК+ доходности ОФЗ снижались. Ð’ роли покупателей выступали как локальные, так и иноÑ...

Alexander Golinsky ...
  • Alexander Sychev
  • Alexey Bulgakov
  • Alisa Zakirova
  • Andrew Keeley
  • Andrey Gromadin
  • Anna Kotelnikova
  • Ekaterina Sidorova
  • Fedor Kornachev
  • Kirill Rogachev
  • Mikhail Sheybe
  • Nikolay Minko
  • Research Team

Debt Markets Today - April 10, 2020

CIS EUROBOND MARKETRussian sovereign Eurobonds had a fairly volatile day yesterday. When the dust settled, long-dated paper managed to climb 2 pp, while issues in the belly of the curve added 0.4-0.5 pp. GOVERNMENT DEBTOFZ yields declined yesterday ahead of the OPEC+ meeting later in the day. Nonresidents and locals were buying, while selling was dominated by locals. Volumes were up considerably. Volatility surged with the start of the meeting, but yields closed at the same levels they had reached prior to the meeting, 9-11 bps lower on the day in issues up to 5y and 3-6 bps lower further alon...

Alexander Golinsky ...
  • Alexander Sychev
  • Alexey Bulgakov
  • Alisa Zakirova
  • Andrew Keeley
  • Andrey Gromadin
  • Anna Kotelnikova
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Ekaterina Sidorova
  • Kirill Rogachev
  • Nikolay Minko
  • Research Team
  • Rodion Lomivorotov

Debt Markets Today - April 7, 2020

CIS EUROBOND MARKETRussian sovereign Eurobond quotes rose again yesterday, led by the Russia 26 (+0.7 pp) and the Russia 29 (+0.6 pp). The Russia 42 and 32 added slightly less than 0.6 pp.GOVERNMENT DEBTThe OFZ market was not particularly active yesterday. Yields continued to ease following Friday's statement by CBR Governor Elvira Nabiullina. They sank 12-15 bps at the short end and 4-6 bps in the belly. Long-dated paper saw limited activity. Turnover was just R13 bln.STORIES> Inflation climbs to 2.5% y-o-y in March and is set to rise further> Finance Ministry could place new OFZ issue soon> ...

Alexander Golinsky ...
  • Alexander Sychev
  • Alexey Bulgakov
  • Alisa Zakirova
  • Andrew Keeley
  • Andrey Gromadin
  • Anna Kotelnikova
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Ekaterina Sidorova
  • Kirill Rogachev
  • Nikolay Minko
  • Research Team
  • Rodion Lomivorotov

Долговые рынки сегодня - 7 апреля 2020

РЫНОК ВНЕШНЕГО ДОЛГА СТРАН СНГЦены российских суверенных еврооблигаций вчера продолжали расти. Лидерами по итогам дня стали Россия-29 и Россия-26, подорожавшие соответствен-но на 0,6 п. п. и 0,7 п. п. Россия-42 и Россия-32 при-бавили в цене чуть менее 0,6 п. п.ГОСУДАРСТВЕННЫЕ ЦЕННЫЕ БУМАГИАктивность на рынке ОФЗ в понедельник была слабой....

Andrey Kuznetsov ...
  • Andrey Gromadin
  • Andrey Krylov
  • Anna Kotelnikova
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Cole Akeson
  • Mikhail Krasnoperov
  • Research Team
  • Rodion Lomivorotov

CIS Market Daily - 26 августа 2020

КОММЕНТАРИЙ И ПРОГНОЗ - ФОНДОВЫЙ РЫНОК США БЬЕТ РЕКОРДЫ, А РОССИЙСКИЙ ПОКА ОТСТАЕТИндекс MSCI ACWI вчера вырос на 0,3%, Ñ‚. к. рынки в основном шли вверх. Впрочем, катализаторов было мало, а рост оказался не вполне уверенным. Россия котировалась хуже большинства рынков: индекс РТС упал на 1,1% до 1 267 пунктов, хотя нефть подорожала более чеÐ...

Andrey Kuznetsov ...
  • Andrey Gromadin
  • Andrey Krylov
  • Anna Kotelnikova
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Cole Akeson
  • Mikhail Krasnoperov
  • Research Team
  • Rodion Lomivorotov

CIS Market Daily - August 26, 2020

MARKET COMMENT - NEW RECORD HIGHS FOR US INDEXES WHILE RUSSIA LAGGEDThe MSCI ACWI gained 0.3%, as most markets rose but with few catalysts and little strong conviction. Russia was near the bottom of the global performance table with a 1.1% drop on the RTS to 1,267, ignoring a more than 2% gain in oil prices. Most indicators are positive for global and Russian stocks this morning, but without strong drivers. STORIES> Consumer spending growth accelerates in week to August 23> Novatek boosts dividend payout for 1H20 to close to 50%> Obuv Rossii: New business model, uncertain market lead to revisi...

Alexander Golinsky ...
  • Alexey Kirichok
  • Alisa Zakirova
  • Anastasia Khakhaeva
  • Andrey Gromadin
  • Anna Kotelnikova
  • Ekaterina Sidorova
  • Irina Lapshina
  • Nikolay Minko
  • Research Team
  • Svetlana Sukhanova
  • Vladimir Lezhnev

Долговые рынки сегодня - 11 августа 2020

РЫНОК ВНЕШНЕГО ДОЛГА СТРАН СНГВ длинных выпусках суверенных российских еврооблигаций продолжается ралли: в частности, выпуск Россия-47 вчера подорожал на 2,9 п. п. до 144%. Движение прочих длинных выпусков было ограничено 0,7-0,8 п. п. ГОСУДАРСТВЕННЫЕ ЦЕННЫЕ БУМАГИАктивность на рынке ОФЗ в понедельник была крайне низкой: обороты сост...

Alexey Kirichok ...
  • Anastasia Khakhaeva
  • Andrew Keeley
  • Andrey Kuznetsov
  • Andrey Gromadin
  • Andrey Krylov
  • Anna Kotelnikova
  • Cole Akeson
  • Fedor Kornachev
  • Ilyas Yerzhanov
  • Irina Lapshina
  • Kirill Rogachev
  • Mikhail Krasnoperov
  • Research Team
  • Svetlana Sukhanova
  • Vladimir Lezhnev

CIS Market Daily - 11 августа 2020

КОММЕНТАРИЙ И ПРОГНОЗ - КОММЕНТАРИИ КИТАЯ И США О ВНЕШНЕЙ ТОРГОВЛЕ И ПОДДЕРЖКЕ ЭКОНОМИКИ УЛУЧШИЛИ НАСТРОЙ ИНВЕСТОРОВ, РЫНКИ ПО-ПРЕЖНЕМУ СЛЕДЯТ ЗА СИТУАЦИЕЙ В БЕЛОРУССИИИндексы MSCI EM и РТС вчера потеряли по 0,3% (последний снизился до 1 268 пунктов). Китай подтвердил намерение соблюдать договоренности в торговой сфере, а в США появи...

Alexey Kirichok ...
  • Anastasia Khakhaeva
  • Andrew Keeley
  • Andrey Kuznetsov
  • Andrey Gromadin
  • Andrey Krylov
  • Anna Kotelnikova
  • Cole Akeson
  • Fedor Kornachev
  • Ilyas Yerzhanov
  • Irina Lapshina
  • Kirill Rogachev
  • Mikhail Krasnoperov
  • Research Team
  • Svetlana Sukhanova
  • Vladimir Lezhnev

CIS Market Daily - August 11, 2020

MARKET COMMENT - CHINESE AND US POLICY COMMITMENTS SUPPORT MARKETS, EYES STILL ON BELARUSThe MSCI EM and RTS (1,268) each edged down 0.3% yesterday. Reiterated trade commitments from China and hints of progress in US stimulus negotiations have supported markets this morning. Protests in Belarus remain in focus for East European markets.STORIES> MSCI Russia August 2020 rebalancing preview> Spot gas prices rebounding in August, well ahead of heating season> Alrosa's July sales show no recovery so far> CBR cuts risk-weight surcharges on unsecured loans> MTS 2Q20 results preview> X5 Retail Group 2...

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