Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: shust who wrote (34693)	1/10/1999 5:18:00 PM
From: SliderOnTheBlack	Read Replies (1) of 95453

shust; LUKOY - I agree .... no greater potential or value exists. I look at it as an ''option'' on their vastly, quite unbelievably discounted proven reserves - forget the ''business'' value - its cents on the dollar for the Oil period. I guess the ONLY remaining risk is - that they get nationalized; but - no more risky than the expiration of a call option.. I'm not in yet; but I will be... there was a little bit of negative news on Russia this week - I'm actually waiting for another ''shoe'' to drop in Russia and then will buy on any substantial decline... this could literally be ''the" contrarian play of the 20th Century <VBG>.

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