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Eni SpA Message Board

  • venerability2 venerability2 May 3, 2012 2:01 PM Flag

    Stock Finished UP Today in Europe

    All the Brent Stocks did pretty well in Europe today.

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    • Is there an ETF type fund for the Brent stocks?

      • 1 Reply to gcmagone
      • Yes, you've hit the nail on the head.

        But MMs still playing VERY fast and loose with E, which, again, finished UP in Europe yesterday and only one percent or so down today.

        E is just about the strongest stock on the Italian market, and the Brents as a group are just about the strongest stocks in the European markets - mostly because of their humongous dividends, which go ex-divi VERY late this year - in Eni's case, not until May 21st.

        And I believe I am absolutely correct about Italy going forward:

        If Hollande wins, although that is NOT in the bag now, Mario Monti's prominence within Europe increases exponentially.

        He will get his way handily, say commentators, in Italian by-elections this weekend.

        And even though Hollande would have trouble getting through his agenda of much higher taxes for the wealthy in France, arguably some of them - and some French companies - will be spooked and seek new homes for their wealth - in Italy! Wouldn't you?

 
E
50.93-0.07(-0.14%)Apr 15 4:04 PMEDT

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