A Secretive Russian Oil Company Is Sitting on $51.6 Billion in Cash. Now Its Stock Is Surging

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Sep 04 2019, 5:10 PMSep 04 2019, 6:53 PMSeptember 04 2019, 5:10 PMSeptember 04 2019, 6:53 PM

(Bloomberg) -- Shares in Surgutneftegas PJSC, the Russian oil company sitting on a $51.6 billion cash pile, are on a tear for the ages and nobody has a good explanation for why.