Burlington Resources Inc

Article Abstract:

Burlington Resources Inc is part of the oil and gas industry, particularly in the natural gas pipelines operation. Dir Walter Scott reportedly purchased a significant amount of shares in Jan 1992 when the stock was trading at the $35.63 area. In Nov 1992, persistent insider selling was observed at the $42.13 level before settling at the $41 area. Scott recently acquired another 13,900 shares at an average cost of $38, indicating the stock's probable undervaluation at that price.

Gas industry

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Burlington Resources Inc

Article Abstract:

The stock of Burlington Resources Inc (BR) appreciated after the reported purchase of 436,000 shares by seven insiders. The stock is currently trading at 35 3/4. Stock analysts however are divided on their forecast on BR's projected 1992 earnings. Michael Young of Smith Barney estimates a 1992 net earnings of $1.70, up from $1.48. Paul Klikinski of Cowen & Co predicts 1992 earnings at $1.45 per share.

Gas Production and Distribution, Stocks, Forecasts and trends, BR

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Eastern Enterprises

Article Abstract:

Eastern Enterprises experienced a decline in profits in 1991 especially in its Boston Gas Co unit where the recession and the Northeastern warm winter caused a decline in gas consumption. The conglomerate company's other divisions, Midland Enterprises Inc and Water Products Co expect to improve on their earnings in FY 1992.

Service industry machinery, not elsewhere classified, Natural gas distribution, Transportation services, not elsewhere classified, Fluid meters and counting devices, Deep sea domestic trans. of freight, Towing and tugboat service, Finance, Machinery industry, Transportation industry, Gas transmission industry, Eastern Enterprises, Boston Gas Co., Midland Enterprises Inc., Water Products Co. (Eden Prairie, Minnesota)

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