Petroleum (producing) industry

Article Abstract:

Companies which concentrate on the production of petroleum have not done as well in 1997 and early 1998 as those which are biased toward natural gas, due to their dependence on prices. In addition, exploration and production firms are not forecast to have a good year in 1998 with lower oil prices the major reason for this. Stocks in the petroleum producing industry are not expected to perform well in 1998, and investors must be selective.

Crude Petroleum, Petroleum industry, Petroleum, Anadarko Petroleum Corp., Apache Corp., Barrett Resources Corp., Berry Petroleum Co., Forest Oil Corp., Noble Affiliates Inc., Pioneer Natural Resources Co., Pogo Producing Co., Triton Energy Ltd., Vastar Resources Inc., APC, APA, BRR, BRY, FOIL, NBL, PPP, VRI, Oryx Energy Co., Allied-Signal Inc. Union Texas Petroleum, ORX, Santa Fe Energy Resources Inc., SFR

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Natural gas (diversified) industry

Article Abstract:

The severe winter of 1995-1996 created high demand for natural gas from residential and industrial users, especially in the Northeast, and record low levels of gas storage. Increased gas prices and new drilling techniques are making exploration and production more economically feasible, and the industry is also becoming more competitive through deregulation. There are investment-grade stocks here, although the industry is not timely.

Natural Gas, Economic aspects, Gas industry, Coastal Corp., Enron Corp., Valero Energy Corp., VLO, Cabot Oil and Gas Corp., Eastern Enterprises, Equitable Resources Inc., Mitchell Energy and Development Corp., National Fuel Gas Co., Questar Corp. (Salt Lake City, Utah), Southwestern Energy Co., The Williams Companies Inc., COG, CGP, CG, EFU, ENE, EQT, MND, NFG, SWN, WMB, KNE, CNG, Sonat Inc., KN Energy Inc., Tenneco Inc., Columbia Gas System Inc., Consolidated Natural Gas Co., TXU Gas Co., Seagull Energy Corp., ENS, SGO, SNT, NorAm Energy Corp., ALG, TEN, PanEnergy Corp

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