Petroleum (producing)

Article Abstract:

Demand for petroleum and natural gas is increasing in 1996, and oil and gas prices are rising or remaining firm. Production is also increasing in 1996, and several producers are planning higher output in 1997, as well. The oil and gas industry is timely for 1996, but earnings may swing from financial leverage and overseas political uncertainty. These stocks have prospects to outperform the market and are recommended for risk-tolerant investors.

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Petroleum (producing)

Article Abstract:

Limited oil exports from Iraq will help ease oil prices, and legislation allowing Alaskan oil exports has been signed by President Bill Clinton. Gulf of Mexico lease sales have also increased. The average reserve replacement ratios and finding costs for a five-year period have been calculated and the data show positive results for many companies. The petroleum industry is timely for 1996 and many stocks have capital gains potential.

Union Texas Petroleum Holdings Inc., UTH

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Petroleum (producing)

Article Abstract:

Higher natural gas prices, along with steady prices for crude oil, have increased earnings and margins for the petroleum industry. Lower supplies and greater seasonal demand will maintain gas prices through 1996. A 10% internal productivity gain and increased reserves are important factors for companies, many of which are highly leveraged with debt. These stocks are not timely for 1996, and investments must be carefully chosen.

SFP, Sun Energy Partners L.P., SLP, OIL, Santa Fe Energy Partners L.P.

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