Thursday, October 16, 2008

ZF or Romania buying SNP?

Several months ago, Ziarul Financiar and some romanian politicians were complaining that Romania sold Petrom for almost nothing to OMV! They threatened to renegociate the contract, to raise taxes on oil profits and so on. You know, typical populist stuff - the austrians cheated, bribed us and took our precious for peanuts :)

Dear Basescu, Dear ZF! You have now the biggest opportunity in your life! You can buy Petrom now at the same price as OMV did. That horrible small price payed by OMV! You can buy now shares at that price. Just do it. Of course, you will not do it, but what I wanted to say is - probably OMV will do it!

Few weeks ago, I said that BRD is so cheap now, that maybe SocGen will find some funds and try to consolidate their position. And look, they do it. There are many guys selling BRD, but there is one buying - SocGen.