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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: rails99 who wrote (91674)6/22/2001 12:28:41 PM
From: isopatch  Read Replies (2) of 95453
 
Rails. Per prev posts, it's my largest pos

and has been for months. This game has always been about stock picking AND then knowing which ones to hold for longer time periods.

Not much time to post, so here's a quick comment I posted to a friend on another thread who bot LOILY on my rec:

"Paul. LOILY gets a great buyout deal from TLM

Couldn't have written a better asset buy-out myself! Below is the reason I'm going to continue to hold.

"- Lundin Oil's assets in Sudan, Russia and Somalia will not be acquired by Talisman and will instead be spun off into a new company to be called Lundin Petroleum AB. These assets have been attributed a minimum book value of US$60 million. In addition to the cash received from Talisman, shareholders of Lundin Oil will receive shares of this new company on a one-for-one basis."

I luv it!

We get a nice pile of cash for the peripheral assets AND keep the jewel - the Sudan blocks - which IS the "company maker".

quotes.freerealtime.com.

Isopatch"
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