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Strategies & Market Trends : Argentine stocks -- Ignore unavailable to you. Want to Upgrade?

To: Tom who wrote (159)	11/9/1998 7:30:00 AM
From: Tom	Read Replies (1) \| Respond to of 331

MSDW also stated that their price target of 37 for YPF stays, even in the event of flat growth in the Argentine economy. Also, YPF is on the acquisition trail.

To: Tom who wrote (159)	11/9/1998 7:48:00 AM
From: Tom	Respond to of 331

I say it doesn't exist. I HOPE it doesn't exist. Oil Analysts Can't Account For Some 300 Million Barrels (Wall Street Journal) Oil analyst Michael Rothman was crunching the global crude-oil data in April, when he came across a big problem: His trusty numbers didn't add up. A 14-year veteran of the oil statistics, Mr. Rothman of Merrill Lynch & Co. usually found a way to explain these things with a little massaging of the spreadsheet. But this time, the answer wasn't in the computer. What Mr. Rothman and a host of other oil-industry analysts and experts had uncovered was that a veritable tidal wave of oil was missing -- almost 300 million barrels of it. No one knows where the oil is. Some think it could be floating at sea or stashed away in shadowy storage facilities. Others think the barrels are a statistical aberration, merely a large spreadsheet error. Regardless, just about everyone in the world oil industry is desperate to solve the case. Washington politicians, Saudi oil sheiks and New York traders are in on the hunt, trying either to prove the oil doesn't exist or find the missing barrels before they come crashing down on world markets.