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Gold/Mining/Energy : Lundin Oil (LOILY, LOILB Sweden)
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To: Tomas who wrote (2147)3/7/2001 2:48:34 PM
From: excardog  Read Replies (1) of 2742
 
Tomas

My time frame on a large LOILY position would be 3 years or so. Do you feel they would be able to get most of the new fields on the sales meter within that time?

Just watch all the consolidation start coming in the gas producers. Once that's over I would expect the oilier names to start the process all over again.

LOILY is positioned to at some point be recognized as having a lot of oil reserves. They would have to be attractive to someone with cash to spend.

Majors are absolutely printing money at this time.

Thanks

Scott
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