Baroid Corp

Article Abstract:

Baroid Corp stock has been hampered by pessimistic speculations from two influential oil field equipment analysts. James Stone has advised caution since the service pricing did not react accordingly to the rise in drilling rig rates in the Gulf of Mexico. Stone has added that another increase in natural gas prices could boost the stock. Kenneth Miller has also lowered his 1992 estimate for Baroid due to flat international market pricing. A 20-cent dividend is paid on the 74 million shares.

Oil and gas field machinery, Oil and gas field equipment industry, Baroid Corp.

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Tejas Gas Corp

Article Abstract:

Tejas Gas Corp showed satisfactory Sep 1992 quarter and nine-month figures as it prepares to exceed the $1.22 a share earning seen in 1991. CEO Jay Precourt expects a significant rise in earnings for 1993 as four long-term supply contracts commence. The company's earning and sales hikes are due to higher natural gas prices and volume sold. A $2.28 a share earning is estimated for 1993. Tejas has no dividends on the seven million shares.

Gas transmission and distribution, Gas industry, Coral Energy L.P.

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Grace Energy Corp

Article Abstract:

Grace Energy Corp's parent company, WR Grace, has offered to purchase the remaining 17% of the electric utility's shares of stock in a bid to increase its stake from 83% to 100%. However, two Grace Energy stockholders blocked WR Grace's proposal to buy the four million shares at $16.50, asserting that the buying price was meager. Financial analysts have given Grace Energy Corp's stock a Strong Buy recommendation.

Grace Energy Corp.

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