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

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To: Tommaso who wrote (258)9/2/1997 6:34:00 PM
From: Tomas   of 2742
 
Adolf & Ian Lundin presented the new company in Stockholm today, and I asked if it will be traded on the US/Canadian exchanges. Yes, Lundin Oil AB will replace IPC on Nasdaq and TSE, so you don't have to worry, nothings gonna change. Lundin Oil will not only become the No.1 oil company in Sweden, but the ONLY oil company! No kidding!

What's happening over there, 330 000 shares traded in Sweden but 700 on Nasdaq and 0 on TSE! Seems to be some contrast here. I think this is the start of a new uptrend, the new company attracts a lot of intereset in Sweden. I'll be back later with more news from the meeting today.
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