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

To: Timelord who wrote (629)	6/8/1998 11:30:00 PM
From: Tomas	Read Replies (1) \| Respond to of 2742

Alex: I didn't notice the quotes, good initiative. Recently I discovered the best free Canadian online charting site I've seen, BigCharts Canada. Very good interactive charts, including technical analysis features. canada.bigcharts.com

To: Timelord who wrote (629)	6/11/1998 7:59:00 AM
From: Tomas	Respond to of 2742

Morgan Stanley reiterated their outperform rating for Lundin Oil in a new Investment Research dated May 29. Some highlights: "The potential development in Malaysia could lead to a fourfold increase in production by 2000, and a 595% increase in cash flow, which is far higher than many of its peer group." "However, we think that the real upside in the company lies in its extensive portofolio of exploration properties, which will be tested over the next two years. Even modest success in exploration could lead to a major re-rating of the stock. In our view Lundin contains what we believe to be the key ingredients of a successful exploration company." "Lundin Oil is fully backed by rising cash flow. At our target price (SEK 60 = US$7.60), the stock would be trading on an estimated 2000 cash flow multiple of 2.9" This means that at todays stock price, the stock would be trading on a 2000/2001 cash flow multiple of 1.75 !!! And it does not include any further exploration success!