Aug. 8 at 3:15 PM
$LUKOY $CEE If peace comes and sanctions dropped, I believe Lukoil will be quick to get shares to ADR holders (push Citibank) and all back dividends.
Why?
Because Lukoil is a massive potential takeover target, internally to Russia. Russian state oil companies are rumored to want to combine with Lukoil. This is the last thing Lukoil management and large share owners want.
Getting ADR shares active and back dividends paid reduces the likelihood of a takeover, because the company would have more shares outstanding and less cash on hand.