Post Practice For KK - Temporary Message Board

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Gold/Mining/Energy : Post Practice For KK - Temporary

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To: Kerm Yerman who wrote ()	1/23/1998 2:56:00 AM
From: Kerm Yerman	of 122

Deustche Morgan Grenfell analyst Michael Young has reduced his 1998 earnings forecasts for all U.S. oil majors except for Mobil Corp [NYSE:MOB] after the bank reduced its 1998 West Texas Intermediate crude price forecast to $18.00 from $19.00. Young said in a research report that his estimates remain significantly below consensus, ''which suggests more pain to come for oil shares''. Company New 1998 Old 1998 Amoco Corp $4.55 $4.75 ARCO $4.20 $4.85 Chevron Corp $4.00 $4.25 Exxon Corp $2.70 $2.85 Mobil Corp $3.90 $3.90 Occidental Pete $1.60 $1.70 Pennzoil Co $3.85 $4.15 Texaco Inc $2.95 $3.15 Unocal Corp $1.85 $2.10

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