By Robert Sutherland Smith | Wednesday 5 March 2014
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Mr. Putin’s occupation of the Crimea seemed good long term news for defence companies. He did it in Georgia and got away with it and we know that he has ambitions to control much of the Arctic’s mineral and hydrocarbon assets as the ice melts and make its exploitation possible. We know that, because some years ago he arranged for a Russian submarine to plant a Russian flag on the Arctic Ocean bottom as part of a territorial claim. So I have had another look at BAE Systems (BA.)
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