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

To: SliderOnTheBlack who wrote (43609)	4/30/1999 2:09:00 PM
From: PartyTime	Read Replies (2) \| Respond to of 95453

I'm careful with my criticism here because I've been, and sometimes still am, guilty of it myself. If during the course of exchanging information a personal fued(s) is mixed in, the post ends up getting much longer consequently diverting attention from the information actually intended for consumption. No one wants wants to consume the fued elements--take a poll (we don't care!); however I think I write for everyone when I say we are most interested in the consumption of facts, trends, rumors and instincts relative to the oil drillers. I'll quit here before my post gets too, too long. Slider the post to which I'm responding is ideal. It's full of information and feeling, free of the fued language. It's fit for public consumption. To all: Where are we gonna close?

To: SliderOnTheBlack who wrote (43609)	4/30/1999 5:04:00 PM
From: Rob Shilling	Respond to of 95453

Slider, re: LUKOY. The risks of nationalization have faded almost completely. Even at the height of the crisis there was not much chance. But now, the budget is very tight and looks to get even better with the recent higher oil prices, so there really is no reason to nationalize the commodity exporters. --Foreign investment actually picked up in the 4th quarter of 1998. The ruble devaluation has made domestic production much more lucrative now. Some big multinationals are now building plants in Russia to export the production to other countries. --The worst looks to be over for Russia. GDP over the next few months should start to turn positive year over year. As far as LUKOY is concerned it is continuing to grow it has investments both inside and outside Russia. LUKOY is very active in the CIS countries, the Caspian, and the Baltic countries. --I have been following Rostelekom and Vimpel. I like both. Rostelekom had to restructure its foreign debt, but it is doing o.k. now. Rostelekom is the dominant long distance and international telco provider. It just got a domestic loan for continued expansion. Vimpel is dominant in the Moscow cellular market. It has been hurt pretty bad, but I think it is bound to come back.