Canadian energy industry
Article Abstract:
Canadian energy industries' financial results will be mixed for 1995 and 1996. Integrated petroleum companies will do well with higher oil prices, but the gas industry will be less profitable because of declining gas prices. Pipe lines will have good earnings through 1996, due to market needs and interest rates. Several stocks are ranked above-average for safety and timeliness in 1995, but must be evaluated individually by investors.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
Canadian energy industry
Article Abstract:
Canadian energy industry prospects are mixed, due to recent gains in natural gas prices, and oil prices receding from $20 a barrel to $18 a barrel in 1995. Higher demand for oil worldwide is being met by OPEC. The supply of Canadian natural gas is high, but demand is expected to increase. Earnings for petrochemicals are strong in 1995, and will gain in 1996. Several of these stocks, though risky, are attractive for long-term growth.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
Canadian energy industry
Article Abstract:
Canadian natural gas prices have declined nearly 50% in 1995 to Canadian $1.16 per million cubic feet, due to a warm winter, lower demand, and increased supply. These low prices are expected to continue. The Canadian National Energy Board is changing the formula for pipe line rate of return, and earnings rather than dividends will be more important. Pipe line and natural gas stocks are best for cautious, long-term investments.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1995
User Contributions:
Comment about this article or add new information about this topic: