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Gold/Mining/Energy : Lundin Oil (LOILY, LOILB Sweden)
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To: Tomas who wrote (619)6/3/1998 11:57:00 PM
From: Timelord  Read Replies (3) of 2742
 
I say its undervalued, lets raise the price tomorrow!! <g>

I wish the Lundins could figure out how to unstall the US market. I think part of the problem is underexposure in the US marketplace, and that's why I thought the road shows were a tremendous idea. When I first invested in IRPPF, there were a great many reports out on its prospects (I remember Yorkton and Weil specifically) and a number of articles featuring the Lundins. In fact I first learned about IRPPF when it was mentioned in Barrons as part of an interview with a hedge fund operator named Harpel. Of course then the price did a slow death to the $1 range, so I guess life wasn't all a bowl of cherries. But at least there were real volume/price reactions to news events. I was very disappointed at the ho-hum reaction last year when first production began in Malaysia.

Maybe I just need to be patient. I think we will see some reaction to the Malaysia results tomorrow, and overnight crude is trading up significantly on news of an early OPEC pre-meeting tomorrow. It would be nice if the word could be spread a little wider in the US, though, I'm jealous of your liquidity in Sweden (but then the price yo-yo's significantly too).

I know some day my ship will come in, that's why I use these price dips as buying opportunities.

Alex

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