Lundin Oil (LOILY, LOILB Sweden) Message Board

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

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To: Timelord who wrote (393)	12/5/1997 11:56:00 PM
From: Tomas	Read Replies (2) of 2742

Kerm: <<International Petroleum is in the process of merging with Sands Petroleum AB. Based upon conversation with the company three weeks ago, shares are now at the level considered favorable for consumption by Sands. I see limited upside potential from this point in time. I prefer to hold shares in a Canadian Company rather than an offshore listed company.>> (Kerms Korner). IPC deleted from the top 20 listing and portfolio! (https://www.siliconinvestor.com/readmsg.aspx?msgid=2884698) Gosh, what a surprise, Kerm recommended "BUY" just a couple of weeks ago! He sold at CAD 5,85, I'm afraid that was his Mistake of the year. Kerm was faithful to IPC for one whole year, and just when a long period of decline has come to en end (knock on wood!) he gives up! Too sad. <<Limited upside potential from this point in time>>!?! Hem, hem, this is just the time I have been waiting for since August! I wonder what <<shares are now at the level considered favorable for consumption by Sands>> means? The ratio 1.15 IPC for 1 Sands is fixed. Any thoughts? I really appreciate Kerm's Korner, and I always read his comments, but this time I'm puzzled.

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