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Gold/Mining/Energy : TLM.TSE Talisman Energy

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To: Tomas who wrote (629)12/8/1999 6:33:00 PM
From: Mantis  Read Replies (1) of 1713
 
Gum Arabic vs. Oil; 10 vs. 450 million

To better understand the rationale behind "why us, why Talisman?" and "why not gum arabic?" all we have to do is look at the numbers.

Total $ value of Gum Arabic exports is around $10 million USD.

Total $ value to the GOS from 50,000 bopd they are receiving from GNPOC is $450 million annually.

So why not pick on the poor downstream oil operators - like Shell? Perhaps it's because they're not giving $450 million worth of oil to the GOS annually.

And again, look carefully at the situation, and you'll see that CNPC and Goldman Sachs are also being "picked on". (Goldman is the lead manager of CNPC's desired $5-$10 billion IPO on the NYSE).

FYI - Heard a rumour that there may be a news story on CNPC's desired IPO on CNBC tonight.
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