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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (74490)	1/26/2000 1:49:00 PM
From: double-plus-good	Read Replies (1) of 132070

Michael, on the topic of UCL there may be a rationale for its relative discount to peers. like Talisman from Canada, Unocal has a somewhat checkered history regarding the locales of their exploration. I live among Mon people, some of whom who were displaced by the pipeline that Total and Unocal constructed through Burma to Thailand. There are a number of strong allegations regarding the practices used in the construction of the pipeline. Forced labor among local populations and consription of men to serve as porters for the military in their effort to "cleanse" the area are among some of the charges that have been leveled against Unocal. Certainly they were complicit (as must be said of many resource companies) in a number of local abuses. As regards some of the more specific and egregious behavior they are accused of, I believe there are legal proceedings in the LA courts. One of the possible reasons for the underperformance of UCL. I own shares in a number of EnP companies but don't care to be a shareholder of either UCL or Talisman. FWIW ++good

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