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

To: Tomas who wrote (411)12/18/1997 10:36:00 AM
From: Timelord  Read Replies (1) | Respond to of 2742
 
Tomas: I stopped trying to make sense of the O & G and drilling stocks about 2 weeks ago, absolutely nothing makes sense except fear and panic. The most logical explanations I've heard are slipping oil prices, conservative O & G exploration budgets from some of the majors, Asian flu, and year end profit taking by our friendly institutional buyers. However, explain how a stock can trade over 1M shares one day, and then slow to a trickle a few days later (RSO). I realize that there were many lucky buyers at CDN 1.25 that wanted to lock in profits, but this is still ridiculous. I hope the Swedish bourse is a true representation of values and we are just an obnoxious anomaly.

Alex



To: Tomas who wrote (411)12/18/1997 11:34:00 AM
From: John Stopforth  Read Replies (2) | Respond to of 2742
 
Tomas

Is the drilling crew in Libya Swedish or Canadian?
Poor joke, I think the market is saying RSO hasn't struck oil in
the lower levels. I hope they're wrong.
I haven't received the proxy as well, most unusal, my broker has
been excellent in the past.

John


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