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Gold/Mining/Energy : Lundin Oil (LOILY, LOILB Sweden) -- Ignore unavailable to you. Want to Upgrade?


To: LARRY LARSON who wrote (1751)7/10/2000 6:10:09 AM
From: Edward M. Zettlemoyer  Read Replies (2) | Respond to of 2742
 
Larry, <Off Topic> on TLM, IMO the recent price of oil issue triggered a lot of "stop loss" brokers orders which sent TLM into a freefall. I expect a recovery as stochastics indicates that a bottom has been settled and reflecting a buy signal in (hopefully) next couple of trading days.
Back to LOILY,(same politics). My gut feeling is that President Bashir is warming up to U.S. politics to get sanctions lifted, or maybe I have this backwards. Perhaps the Clinton administration is warming up to the Bashir administration, better U.S. politics than China. Anyways, on the political scene, the fighting seems to have escalated:
sudan.net
sudan.net
sudan.net
However, what I find interesting is that Mr Turabi takes his political campaign right into the heated war zone.
"The government intends to introduce secularism in response
to foreign pressure from countries hostile to Islam," Turabi
was quoted as saying at a public rally on Thursday at El-Obeid, a town 350 km (220 miles) southwest of Khartoum. Ref: sudan.net Very strange relationship between politics and news these days. eom Ed.



To: LARRY LARSON who wrote (1751)7/11/2000 8:59:40 PM
From: Tomas  Read Replies (2) | Respond to of 2742
 
Best Penny Stock: Lundin Oil - Razorbak
Message 14027074



To: LARRY LARSON who wrote (1751)7/21/2000 9:56:22 AM
From: Tomas  Respond to of 2742
 
Lundin Sees Rising Oil Prices Powering Earnings, Paper Says
By Nina Garlo and Philip Lagerkranser

Stockholm, July 21 (Bloomberg) -- Lundin Oil AB, a Swedish oil company, expects rising prices to boost earnings this year, said the newspaper Dagens Industri, citing Chairman Adolf Lundin. While Lundin sees full-year earnings before interest, taxes, depreciation and amortization rising 75 percent to 650 million kronor ($72 million) from last year, the company could see cash flow top 1 billion in 2001.

``Oil prices are at an interesting level now. For the first time, demand is bigger than production capacity,'' said Lundin, adding that ``if prices keep up, the first quarter next year could be a great one.''

The current price of Brent crude oil for September settlement is $28.27 per barrel on London's Petroleum Exchange, gaining from this years low $21.3 a barrel on April 10.
___________________________________________

Nordic Stocks Mixed; Ericsson, Bluemarx, Lundin Oil Lead Movers
By Robin Saponar and Philip Lagerkranser
Stockholm, July 21 (Bloomberg)
...
Lundin Oil AB (LOILB SS) rose 1.2 kronor, or 6.1 percent, to 20.9. The Swedish oil company expects rising oil prices to boost cash earnings by some 75 percent this year, reported newspaper Dagens Industri, citing Chairman Adolf Lundin.