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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: Gary Burton who wrote (32518)12/6/1998 9:23:00 PM
From: Gary Burton  Read Replies (1) | Respond to of 95453
 
DLJ note Dec 4 re 'what is at stake for oil equities in the Venezuelan elections---Best Case Scenario: Delays in approval of investment budgets, projects delayed 6-12mths, devaluation of currency---Worst case Scenario: Difficulty in approving budgets, delays in payment for crude oil sales, possible renegotiation of contract terms, no devaluation/controls on capital