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Gold/Mining/Energy : CONOCO Biggest IPO Ever?

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To: Neil H who wrote (18)11/16/1998 11:11:00 AM
From: Neil H  Read Replies (1) of 20
 
Brokers think it is a good buy

Monday November 16, 10:19 am Eastern Time
RESEARCH ALERT - Conoco started strong buy
NEW YORK, Nov 16 (Reuters) - BT Alex Brown said Monday it started coverage of Conoco Inc, the oil company partially spun out of DuPont Co. (NYSE:DD - news) in October, with a strong buy rating.

-- Morgan Stanley also initiated coverage of Conoco with a strong buy rating on Monday.

-- Shares of Conoco rose 1/16 to 25 in an overall down morning for oil shares. DuPont, which plans to eventually sell its remaining majority stake in Conoco, gained 1-1/16 to 61-3/4.

Regards

Neil
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