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

To: hubbabuba2 who wrote (2066)	2/25/2001 1:25:26 PM
From: virginijus poshkus	Read Replies (1) \| Respond to of 2742

Hubbabubba and all, one must look at the cash flow of 60 cents a share as the major potential of the company. I have held some stock since it was Internation Pete. Selling forward half of the production at $28 bbl will support the cash flow for this year at 60 cents minimum. Once the present plan of ratcheting up production by 25 % or more is in place, especially by next year, I can see cash flow moving to 80 cents or more. This does not count new discoveries. The street will take notice eventually and 5x cash flow is not out of the question. So from here , I would look for a doubling at a minimum If daily production moves into the 20,000 bpd, you are looking at double digit stock price. what company do you know of right now that is selling for 3.5 times cash flow and has its future in front of itself. Not many in my opinion. The stock price reflects the lack of interest in the Lundins who are fine operators, very good at elephant discoveries in far off places, but they are not good at support from the street which I hope they are working on. vargas