Petroleum (integrated) industry
Article Abstract:
Oil prices have decreased following a solid beginning in 1997, but low oil prices are making certain US refineries more profitable. The demand for oil is expected to remain solid, and the existing supply is expected to meet the demand. This is likely to keep oil prices within a limited trading range. Refining margins are also expected to fall due to changeable oil and product prices. Investments in US refineries present conservative investors with a relatively secure three- to five-year total return potential.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1997
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Petroleum (integrated) industry
Article Abstract:
There appears to be an adequate supply of oil to meet the annual 2.5% to 3% demand for oil worldwide in the mid-1990s, resulting in stable prices for the industry. However, fresh sources need to be found to meet demand in the future. Exploration and production are the main industry focuses, but some refiners are suffering from overcapacity. Earnings for the 1st qtr of 1997 will be moderate, and there are several good petroleum shares for investors.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
Petroleum (integrated) industry
Article Abstract:
Oil prices have risen in 1996 with the renewed armed conflict in the Middle East. The prospects for oil company earnings in 1996 are good with the expected demand for oil and strong prices, but may decrease in 1997 with increased supply from Iraq and a slower US economy. There has been excess capacity in the refining business and margins may be difficult to sustain. Financial strength, stability, and size make these stocks a safe investment.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1996
User Contributions:
Comment about this article or add new information about this topic: