Petroleum (integrated) industry
Article Abstract:
Higher oil prices early in the year 2000 have become a benefit to the integrated petroleum industry and refiners, but sustained high prices could cause an economic slowdown. The Organization of Petroleum Exporting Countries will probably increase production quotas in early 2000, and the Internet and electronic commerce will also benefit the industry in coming years. Investors need to hold some petroleum industry stocks, although there are few timely shares in this sector.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 2000
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Petroleum (integrated) industry
Article Abstract:
Higher prices for crude petroleum and refined products have been good news for the petroleum (integrated) industry early in the year 2000. Petroleum drilling results have also improved and domestic refining profits are expected to increase, as well. These stocks are timely for the years 2000 and 2001, and most issues have good prospects for the future.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
Petroleum (integrated) industry
Article Abstract:
Profit growth has been strong for the petroleum (integrated) industry for the 4th qtr of 2000, mainly due to higher oil prices. The Organization of Petroleum Exporting Countries may cut production quotas in the future, base rates for natural gas have increased, and more mergers are also expected. These stocks are timely and appealing for investors.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 2000
User Contributions:
Comment about this article or add new information about this topic: