Lundin Oil (LOILY, LOILB Sweden) Message Board

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

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To: Tommaso who wrote (1808)	8/27/2000 5:36:44 PM
From: Greywolf	Read Replies (2) of 2742

The hedge did cloud the waters some, yet it does as you say end on the 31/12/00 and Lundin Oil like so many other oilers have seen hedges this year as a less than better bet. As far as P/e I would totally agree with Tomas. As far as if LOILY is a good bet well that is personal yet from my viewpoint I am buying this one and have been since my RSO were set to become LOILY. I was buying RSO before the bid and see no reason not to keep doing this in the new form as Libya has great potential. The North Sea and Malaysia are the sure things and Libya, Albania and down the road some the Sudan are the extras. Also LOILY are set to leave a decision on sale/nosale of 15% of the Malaysian field by the end of September. Two drills in Libya and one in Albania during this year. Seriously increased production in Q1/Q2 next year. This stock has taken a giant beating and when the sentiment swings around it will climb on this fact alone. I for one expect to get a yearly dividend from this stock by 2004..

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