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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (58564)	1/14/2000 10:51:00 PM
From: Tomas	Respond to of 95453

Resource firms tipped to star in Canada profits show (All figures in U.S. dollars unless indicated) By Susan Taylor OTTAWA, Jan 14 (Reuters) - As corporate Canada readies to raise the curtain on its fourth-quarter financial performance, an audience of analysts expects the resource sector to steal the show with robust earnings tied to strong commodity prices. Oil and gas companies are forecast to produce particularly good results among resource companies, buoyed by a strong global economy and booming oil prices. Crude oil has soared from last winter's low of about $10 a barrel to a current $25 a barrel. ``On a quarterly basis, that's where the big story will be,' said Doug Porter, an economist at brokerage Nesbitt Burns Inc. in Toronto. ``The resource sector is clearly the turnaround story of 1999 and it will likely remain the case in 2000.' That should benefit firms such as Calgary's Talisman Energy Inc. (Toronto:TLM.TO - news). Analysts expect Talisman, Canada's largest international oil producer, to show a quarterly profit of 79 Canadian cents a share when it reports results in early March. That compares with a loss of C$1.98 in the same period last year, which the company blamed on writedowns in North Sea operations and low prices. ... biz.yahoo.com