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

To: Tomas who wrote (878)	12/9/1998 3:41:00 PM
From: Tommaso	Read Replies (2) \| Respond to of 2742

It may be that I am simply paranoid, but this looks like a pretty slick thing for Lundin Oil to do. Sodra investors put up money supposedly to benefit from any oil found in the Falklands, and now Lundin is going to borrow it for their other projects from which Sodra owners cannot possibly benefit (except by collecting interest on the loan). It looks to me as if the Lundins are extremely good at getting other people to put up money. As an owner of Lundin Oil stock, that's fine with me, except that I would worry that at some point I would find my equity being exchanged for less than it is worth through some financial maneuver I never heard of. Is there some way to privatize Lundin Oil and leave small shareholders with preferred stock or bonds, in the event of a recovery in crude prices and continuing success in places like the Sudan, where what may be an enormous field may soon be hooked up to the pipeline?