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

To: Zeev Hed who wrote (460)	1/19/1998 11:04:00 PM
From: Timelord	Read Replies (2) \| Respond to of 2742

Zeev, speaking as one who has a tremendous amount of money in the O & G sector, this has been a concern of mine as well. Right now, there is simply no guage to tell how far things could go, could be a light flue, could be rigor mortis and recession? I cetainly don't think even the problems to date have been fully realized by the US markets, and I fear that there are other unfortunate surprises in the future. This is new territory as markets are increasingly interlinked, and I think these relationships are little understood yet. As I have posted elsewhere, I got in deep with the drillers in early December, and am hoping to extricate myself gracefully. I have a healthy respect for cash right now and will head more in that direction as the year matures (except of course for the core holdings such as SANPY! <g>) Alex