Petroleum (integrated)
Article Abstract:
Gulf of Mexico oil operations are now less expensive, due to technological innovations, which will improve financial results for exploring companies. International oil production is currently unstable and future supply may not be able to meet demand, causing price increases by 1998-2000. Refining profits have been weak in 1994 but should rise along with petrochemicals. Several petroleum stocks have good earnings possibilities in the three-to-five year range.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1995
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Petroleum (integrated) industry
Article Abstract:
Prices for oil climbed higher in Mar 1996 to $25-a-bbl, but may recede to $18-$18.50-a-bbl with adequate supply, over-production from OPEC countries, and larger amounts of crude oil from Latin America. There has been pressure on profit margins for US and European refining companies in recent years due to capacity, but this is improving. These stocks provide investors with good dividends, safety, and a good return over the next three to five years.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1996
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Petroleum (integrated)
Article Abstract:
The Organization of Petroleum Exporting Countries is maintaining current production through the end of 1995, though demand for oil is being met. US refiners are profitable with higher demand for gasoline, and there is a shift from European to Asian operations, reflecting changes in demand. Good petrochemical earnings will continue through 1996. Several of these stocks are good investments for the next three to five years.
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: