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 (1831)	9/3/2000 11:57:29 AM
From: Timelord	of 2742

Tommaso, On paper there is no doubt about the value of this company. I have had a substantial position in their stock for a number of years. It's, ah, a little North of your 5%, but then I was on top of the world back in '97, and nobody warned me about the long winters... Unfortunately, in spite of their impressive transformation into a production company, they are still perceived and valued as an exploration play. Witness the volume and price increases of late as the spud date approaches in Libya. Things will undoubtedly get interesting as that progresses. That will be quite a contrast with the reaction to their latest financials. Ah well. Personally, I would like to see a nice, steady growth in the stock value based on what their assets are, but I don't see that happening yet. When that will happen is anybodys guess - I thought we were there when Malaysia came onstream. One of these days the word will get out, hopefully I won't be on my death bed clutching a yellowed, crumpled stock certificate... <g> Alex

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