Lundin Oil (LOILY, LOILB Sweden) Message Board

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

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To: Tomas who wrote (72)	6/26/1997 9:43:00 PM
From: Timelord	of 2742

Tomas: That's what I like about The Market, it always provides a sobering dish of reality for ones' edification and enjoyment (and to keep the ego down to size) <g>. Nothing like a hearty bowl of reality and milk for breakfast. I see IPC fared about as well in Sweden as it did in the US today. Oh well, patience is one of the cardinal rules of investing... I believe I've had about 4 1/2 years worth, more than my fair share! Onward to tomorrow. It appears to me that the Market is not very happy with IPC selling its major source of cash flow and is waiting for confirmation that Malaysia is in production. I can't fathom why else confirmation of a new discovery would be met with such a short lived spike in the price and such ho-hum volume numbers. If this were HEC we'd be seeing volume numbers over 2M and rumors about 5 .. NO 10!! billion barrels of oil! (Only a slight exagerration)<vbg>. Management is very good about living up to expectations so I hope to hear good news on or around the first next week. Stiff upper lip till then! Alex

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