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


To: Jordan Electron who wrote (2192)3/20/2001 7:31:57 AM
From: Greywolf  Read Replies (2) | Respond to of 2742
 
Time to Buy!

ENS who have been accumulating LOIL B on SAX are back buying and why the hell not! The media fluff surrounding the company and more importantly ex-prime minister Carl Bildt is ebbing out into the realm of the ridiculous.

In interview after interview CB has quashed tabloid questions with factual answers.

"Much Ado About Nothing" has been made of the fact that SHB ie Svenska Handelsbanken Funds have sold 335.000 shares on Monday because of the questions concerning the Sudan. Well none told their private customers who bought net 111.000 shares the same day.

Hypocrisy on a large scale is weighing the stock and with increased production in Malaysia, a stable oil price and strong dollar the bottom line is set to look a lot better Q2 and onwards.. This irrespective of the other things to come during the year.

LOIL, LOILY is a steal at todays level!



To: Jordan Electron who wrote (2192)3/20/2001 10:17:21 AM
From: Tomas  Respond to of 2742
 
Lundin Oil in Swedish media

Dagens Industri (Sweden), March 16
Lundin Oil encouraged to leave Sudan

Lundin Oil, the Swedish oil company, has been encouraged to stop its activities in Sudan, which is currently in a state of civil war, by Christian Aid, the UK aid organisation. The organisation claims that one of the roads constructed by Lundin Oil is being used for the forced relocation of local inhabitants.

Lundin Oil, on the other hand, considers its presence in the country an effort to create peace and development. Ian Lundin, managing director at Lundin Oil, stated that the company is concerned about the accusation of human rights breaches in connection with the road construction. He added that the company has not witnessed any assaults and that it does not accept that any human rights violations have taken place in this area.

Carl Bildt, board chairman at Lundin Oil, said that the important thing is to be able to make an effort towards contributing to long-term development and stability with a clear conscience.