Shares of oil companies and miners will become attractive at 36 rubles / $ 1

Troika Dialog, believes that when the ruble against the U.S. dollar will reach up to 36 rubles, while shares of oil and gold producers in Russia will become attractive. Maybe someone will hurry and predict an immediate rebound of the market, based on the theory that the market will begin to take into account the prices expected end of a period of weakening of the ruble, but analysts are not so sure. Oil prices have not yet reached the absolute minimum, the market has not yet tested the level of 36 rubles per U.S. dollar, and the macroeconomic situation in the world is still not brilliant, experts say. "The experience of other cases of devaluation can be said that the stock market usually hits the bottom at the same time as the national currency. If you follow this logic, then, unless the oil will continue to become cheaper, the market is likely to rebound when ruble against the dollar will fall to 36 rubles - whether today or in ten days "- quoted review of" Troika "Interfax reported. The company's analysts now recommend investors start buying shares of exporters, especially the oil sector: Surgutneftegaz, Tatneft, OAO Gazprom Neft (RTS: SIBN), Lukoil (RTS: LKOH) and gold mining companies: OJSC Polyus Gold and Polymetal. All these companies will benefit most from the devaluation, since the costs they have in rubles and revenues in dollars for the same dollar debt is not large enough to outweigh the positive effects of devaluation, the experts IR. Worst of all as a result of the devaluation will have sector focused on the domestic market. It's banks, retail chains and telecom, says the survey.