Lundin Oil (LOILY, LOILB Sweden) Message Board

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Gold/Mining/Energy : Lundin Oil (LOILY, LOILB Sweden)

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To: Timelord who wrote (1239)	9/2/1999 8:11:00 AM
From: Tomas	Read Replies (1) of 2742

Morgan Stanley: Lundin Oil top pick among juniors, Strong Buy recommendation The following was published on July 26, The share price today is still at the same level as then, and the oil price has risen $1.50. Morgan Stanley Dean Witter. Favorite Stocks Lundin Oil (TKR, Strong Buy, target SKr40) remains our top pick among the junior exploration companies with a Strong Buy rating. Although the oil price has rallied over $6 per barrel since the beginning of the year, making its discoveries Libya and Malaysia highly commercial, the share price has not reacted. With Libyan production due on stream next year and with a major discovery announced in the Sudan there is considerable upside potential in the share price, and we have set an initial price target of SKr41 per share. Morgan Stanley Dean Witter Nick Antill and Rob Arnott

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