OAO Gazprom Rallies from Cheapest Valuation

Bloomberg reported that OAO Gazprom (OTC Pink:OGZPY) is rallying from the cheapest valuation in comparison to its Russian peers.

As quoted in the market news:

American depositary receipts of Gazprom, which ties its contracts to prices of crude, rose 2.4 percent to $9.68 yesterday in New York, rebounding from the cheapest valuation since Nov. 9 relative to the average multiple for companies on the Bloomberg Russia-US Equity Index.

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