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Gold/Mining/Energy : Lundin Oil (LOILY, LOILB Sweden)
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To: Greywolf who wrote (1805)8/26/2000 4:57:50 PM
From: Tommaso  Read Replies (1) of 2742
 
Further down the attachment to the announcement of the earnings, which is in pdf format, I do see that EPS are stated as 1.5 Swedish Krona or about 16 cents. Also one learns that 4,000 bpd of some 14,200 are sold hedged at $18 something a barrel. The hedge comes off the end of the year, looks like. So profits unhedged would have been maybe 2-3 cents more--just a guess. Income for the entire year could be easily 35 cents a share, bringing the P/E down to maybe 8-9 with more improvement if oil prices stay up.

Hard to judge if this is as good a bet as Talisman, with its 9.8 P/E and more conventional corporate structure. Or even Quicksilver (KWK) with a 5.8 P/E and lots of NG.

Thoughts, anyone?
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