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Strategies & Market Trends : Investment in Russia and Eastern Europe

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To: Rob Shilling who wrote (724)10/3/1998 5:33:00 PM
From: Z Analyzer  Read Replies (1) of 1301
 
The only thing encouraging so far about the situation in Russia is thatI have none read nothing which indicates that nationalization of the oil industry is being considered seriously. The absurdly low stock price is hopefully, not from fear of confiscation, but because of forced selling by hedge funds by hedge funds and forced selling by emerging-market funds which are faced with redemptions. Furthermore, window dressing haven't improved upon the novel to prepare better Prepared bathhouse of whack whack also window would presumably have played a part as very few funds would want to show Russian securities in their investment portfolio as of the end of the September quarter.

The talk by the I M F of now providing assistance to companies that default on foreign debt may be of particular benefit to Russia.

At this point, and given the current share price, the only real concern I have of is with nationalization. Provided Russia pursues almost any kind of somewhat free markets, with or without currency controls, I believe that LukOil shareholders will come out OK.

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