Petroleum (producing) industry

Article Abstract:

Demand for petroleum and natural gas, along with future energy needs, have created a favorable market for petroleum and gas, and industry profits are expected to increase by 10% in 1997 and 1998. However, the industry has the risk of volatile prices, international currency devaluations, and the high daily cost of drilling rig rentals. Price momentum and recent earnings have made these stocks untimely, but several have three-to-five year potential.

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

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Natural gas (diversified) industry

Article Abstract:

Lackluster natural gas demand resulting from warm winter weather has limited withdrawals from storage, and natural gas inventories for June 5, 1998 were 36% higher than for the same time in 1997. However, natural gas prices are expected to remain stable in 1998 and 1999, and exploration and production will have an impact as well. Investors need to evaluate these stocks on an individual basis prior to making financial commitments.

Coastal Corp., Enron Corp., Cabot Oil and Gas Corp., Columbia Energy Group, Devon Energy Corp., Eastern Enterprises, Equitable Resources Inc., Mitchell Energy and Development Corp., National Fuel Gas Co., Questar Corp. (Salt Lake City, Utah), Southwestern Energy Co., Union Pacific Resources Co., Vintage Petroleum Inc., The Williams Companies Inc., COG, CGP, CG, DVN, EFU, ENE, EQT, MND, NFG, STR, SWN, VPI, WMB, KNE, CNG, Sonat Inc., El Paso Natural Gas Co., KN Energy Inc., Consolidated Natural Gas Co., Seagull Energy Corp., SGO, SNT

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