Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Tomas who wrote (73675)	9/18/2000 11:52:14 AM
From: Tommaso	Read Replies (2) of 95453

Perhaps this is too obvious to have to point out, but one reason that discomfort with oil prices is more pronounced in Europe is the depreciation of the currencies against the dollar. Oil that was selling for about 10 Euros two years ago is now priced at more than 40 euros. If the euro ever strengthens, the effect could add to upward pressure on oil prices. Tomas, why is the market not recognizing much value in Lundin Oil?

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