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To: BigBull who wrote (40328)	3/18/1999 1:40:00 PM
From: Mike from La.	Read Replies (1) \| Respond to of 95453

Thing to bear in mind about all the present earnings projections is that they are based on assumptions about the price of oil that are no longer valid. It will take weeks, maybe longer for the brokerage house analysts to redo their figures and publish them. Mike

To: BigBull who wrote (40328)	3/18/1999 2:03:00 PM
From: still learning	Respond to of 95453

All: What do you think of YPF? Peso tied to $$ so stable from a currency standpoint. Looks undervalued to me. May be getting a takeover offer from Repsol, which would by law have to be $40+

To: BigBull who wrote (40328)	3/18/1999 6:04:00 PM
From: BigBull	Read Replies (1) \| Respond to of 95453

Chavez/Kharazi Venezuela/Iran - News: The saga continues thr 005 venezuela-kharrazi-press iran's fm:venezuelan officials determined to help bolster oil market new york, march 19, irna -- iranian foreign minister kamal kharrazi after his meeting with the venezuelan president hugo chavez in caracas thursday told the press that "opec is fully determined to emplement its decisions and it is expected that a development takes place in oil price in the world market." on his meetings with the venezuelan senior officials, kharrazi noted that constructive negotiations were held on helping bolster oil market, opec and bilateral relations. iran's foreign minister went on to say that "opec member states are serious in their endeavors to preserve their quotas and that he came to know the venezuelan officials are committed to help bolster oil market." "no difference existed among the opec member states and that i am sure that the opec member states through their solidarity at their upcoming session will influence the oil price," said kharrazi. pm/dh end ::irna 19/03/99 01:34 thr 001 venezuela-chavez-kharrazi venezuelan president:opec can be transformed into powerful pole new york, march 19, irna -- iran's foreign minister kamal kharrazi conferred with venezuela's president hugo chavez in caracas thursday. referring to the good relations between the islamic republic of iran and the republic of venezuela, chavez said "my colleagues and i have been closely following developments taking shape in iran after the triumph of the islamic revolution and i am very happy to see that a popular and democratic government is in power in iran today." "i regard this such a striking development with value and that as a friendly country, we used the iran's experience to bring about a popular democratic government in venezuela," the president highlighted. he then pointed out, "although our country is located in the west we are not western minded. our culture is a blend of asian, african and european cultures and we are determined to expand our relations with the islamic republic of iran in all possible areas." referring to bilateral cooperation in the area of oil and the oil market on the bases of opec, chavez said, "during the past two decades an irresponsible policy prevailed over venezuela's oil industry. however, we have recently decided to explore all possibilities to bring about stability in oil price in the world market." "we do not believe in either unipolar or bipolar world order. we think that there are several poles in the world and one of them is pec which can be transformed to a very powerful pole if close cooperation could be strengthened and achieved," noted the venezuelan president. kharrazi referring to the developments in iran in the past two decades with twenty different election experience behind it during this period, said, ''the father of islamic revolution and founder of the islamic republic of iran the late imam khomeini tried to establish popular organs after the triumph of the islamic revolution in 1979. ''immediately after that a referendum on the choice of the system of the government was held with the participation of over 99.7 percent of the eligible voters. ''the latest rural and urban council elections also show a democratic process of people's participation in the national decision making process where the fate is determined by the people themselves,'' said the foreign minister. people's role and the press in iran are regarded to be very vital as both present constructive role in formulating national policies, observed kharrazi. referring to president hojjatoleslam seyyed mohammad khatami's policy of removing tension in the region and the world and his tiatives on the dialogue between civilizations, kharrazi said, ''the islamic republic of iran is pursuing a policy base on non-tension, confidence building and constructive dialogue with different countries. ''during the past one and a half year the world has been a witness to great transformations taking place in the islamic republic of iran's foreign policy. the results of these policies can be observed with the expansion of relations with neighboring countries specifically with that of saudi arabia and the most recent visit by the president to europe,'' stated kharrazi. president khatami held very profiting negotiations with italian leaders, and in his capacity as the current chairman of the organization of the islamic conference (oic) he held fruitful talks with the leader of the one billion roman catholics, pope john paul ii, said kharrazi. ''the islamic republic of iran is interested in bolstering relations with latin american countries specifically with venezuela, with which it has traditionally held friendly ties,'' observed kharrazi. kharrazi also extended an invitation from president khatami to the venezuelan head of state to pay a state visit to iran which was welcomed. chavez expressed hope that he would visit iran at the earliest convenience. ah\dh end . ::irna 19/03/99 00:59