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To: SliderOnTheBlack who wrote (43595)	4/30/1999 1:20:00 PM
From: Rob Shilling	Read Replies (2) \| Respond to of 95453

Slider re:LUKOY, I have a major bet on LUKOY and Russia. The valuation of LUKOY is as you say undeniably cheap. I think that getting back to $100 would be just the beginning considering how big LUKOY is in the marketplace and how much reserves it has. --On Russia, I have been following it for some time. I think if the communists were going to re-take Russia, it would have happened last summer during the crisis. Things have improved since then and there is nothing like a taste of good ol' capitalism to make people forget about centrally controlled economics. Industrial production is up compared to 1998. Oil prices are higher than they have been in over a year. The higher oil prices are not just good for LUKOY, they are good for Russia. They are like a cash infusion into a liquidity starved country. There is a chance that even with a first quarter contraction of 4% in GDP, that Russia will show positive GDP growth for the year. Parlimentary election are at the end of this year and it is possible some of the communists will be kicked out. Presidential elections are in the summer of 2000 and the odds on favorite is the Moscow mayor who tends to be more pro-market.