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

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To: Tomas who wrote (722)9/1/1998 11:47:00 AM
From: Timelord  Read Replies (2) of 2742
 
Hi Tomas, Hope you either stepped out of the way of the express train or have a long term view of LOIL.B. Anyway, I commiserate with you as my oil holdings have been soundly trounced this year. The only silver lining is that I have been through all of the pain and uncertainty currently faced by equity investors over the last 9 months in the oil sector - 500 point drop on the Dow?, no problem, you should see my Friede Goldman stock! <g>

I presume the Malaysia/Vietnam deal is on hold pending some light in the Asian economic crisis - seems less and less likely that something will be penned before the end of the year. Is that an accurate gut feeling?

Alex
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