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Gold/Mining/Energy : Lundin Oil (LOILY, LOILB Sweden)
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To: Tomas who wrote (1312)9/16/1999 11:34:00 PM
From: Tomas   of 2742
 
Fahenstock's senior oil analyst Fadel Gheit on Italian ENI and Libya
StockHouse.com Interview - September 15

Fadel Gheit: The truly most under valued oil stock is the Italian oil company Eni...

StockHouse: It seems not to have been affected by rising oil prices.

Fadel Gheit: No, that's what I'm saying. It's almost like looking at somebody who had cardiac arrest and no pulse -- it is dead.

StockHouse: What will be the catalyst to bring it back to life?

Fadel Gheit: The catalyst...if the U.S. removes and the world removes the economic sanctions on Libya that will draw a lot of people's attention to this company because this is the only company that does business in Libya. By doing so no other oil company can do any business with Eni because they fall under the economic sanctions of the U.S. so it's almost like somebody had a disease and nobody wants to come near them.

Full interview: stockhouse.com
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