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Petroleum (producing)

Article Abstract:

Oil prices for 1995 at $16.50 to $20 a barrel are expected to remain at these levels, which is 30% above 1994. Economic growth in Western Europe, Japan and elsewhere, turmoil in the former Soviet Union, and Iraqi oil sanctions are factors influencing the supply-demand ratio for petroleum. Increased supply and reduced demand caused by weather and other factors have weakened natural gas prices. Investments in these industries for the coming year must be judged on an individual basis.

Author: Mitkowski, Robert, Jr., Clark, Charles, Lewis, Raphael A.M., Ferguson, Keith E., Egan, Robert M., Lyons, John T., Baade, Jeffrey J.
Publisher: Value Line Publishing, Inc.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1995
Cabot Oil and Gas Corp., COG, Chieftain International Inc., CID, DEKALB Energy Co., Maxus Energy Corp., Santa Fe Energy Co., MXS

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Petroleum (producing)

Article Abstract:

Natural gas prices increased from $1.15 to more than $2 per thousand cubic feet, aided by low utility inventories and unseasonable weather in Nov 1995. Prices for petroleum have remained in the $17 to $20 per-barrel range, however, due to steady supply and other factors. Consolidation has lessened in 1995, though more mergers are expected. Several petroleum stocks have appeal for the next three to five years with manageable debt and rising cash flow.

Author: Mitkowski, Robert, Jr., Clark, Charles, Lewis, Raphael A.M., Ferguson, Keith E., Egan, Robert M.
Publisher: Value Line Publishing, Inc.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1995
LLX, MXP

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Petroleum (producing)

Article Abstract:

Stocks in the petroleum industry have underperformed the market since 1991, due mainly to indebtedness, prices, and mergers. Consolidation is expected to continue in 1995 and 1996, as are strong oil and weak natural gas prices. Petroleum stocks are speculative and volatile and should be avoided by the more conservative investors. Improved business conditions for the next three to five years are the best investment basis.

Author: Mitkowski, Robert, Jr., Clark, Charles, Lewis, Raphael A.M., Ferguson, Keith E., Egan, Robert M.
Publisher: Value Line Publishing, Inc.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1995

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Subjects list: Economic aspects, Finance, Petroleum industry, Petroleum, Anadarko Petroleum Corp., Apache Corp., Forest Oil Corp., Noble Affiliates Inc., Pogo Producing Co., Triton Energy Ltd., APC, APA, FOIL, NBL, PPP, PLP, Frontier Oil Corp., Plains Petroleum Co., Louisiana Land and Exploration Co., MESA Inc., Oryx Energy Co., Sun Energy Partners L.P., Allied-Signal Inc. Union Texas Petroleum, ORX, SLP, OIL, WOL, Natural gas, Gas industry, Santa Fe Energy Resources Inc., SFR
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