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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?


To: Fun-da-Mental#1 who wrote (7181)3/10/2000 2:45:00 PM
From: The Fix  Respond to of 24921
 
RESEARCH REPORT - Merrill bullish on oil E&P cos
NEW YORK, March 10 (Reuters) - Merrill Lynch on Friday issued a bullish report on
43 North American energy exploration and production companies, saying they should
benefit from higher oil and natural gas prices.

-- Said North American exploration and production (E&P) companies account for
about 45 percent of the continent's oil production and 75 percent of its natural gas
output.

-- ``Given the industry's ongoing consolidation, aging geotechnical workforce, and new
integrated behemoths, it's clear that the corporate landscape has changed greatly in just a
few years,' the report said, adding that the E&P industry has been the prime beneficiary.

-- ``Clearly, we are bullish. E&P stocks have lagged.'

-- Said the group should attract investment as companies benefit from the strength of oil
and gas prices.

-- Buy ratings include
Alberta Energy (Toronto:AEC.TO - news),
Apache Corp. (NYSE:APA - news),
Triton Energy (NYSE:OIL - news),
Canadian Natural Resources (Toronto:CHQ.TO - news),
Burlington Resources (NYSE:BR - news),
Unocal Corp (NYSE:UCL - news),
Canadian Occidental (Toronto:CXY.TO - news),
Kerr McGee Corp. (NYSE:KMG - news),
Union Pacific Resources (NYSE:UPR - news),
Compton Petroleum (Toronto:CMT.TO - news),
Talisman Energy (Toronto:TLM.TO - news),
Noble Affiliates (NYSE:NBL - news),
Crestar Energy (Toronto:CRS.TO - news),
and Stone Energy (NYSE:SGY - news).

fIXER



To: Fun-da-Mental#1 who wrote (7181)3/11/2000 11:22:00 AM
From: Craig C  Read Replies (1) | Respond to of 24921
 
In regards to Res,T telephone conference the analyst's (experts) hamered management with questions why they were not buying there shares back calling them extremely cheap. Management is refusing to buyback the shares.
Its to bad management did not counter back and ask the experts why they were not buying the stock if it is so cheap,instead they put there clients into high flying tech's.
Still think the only way the hot money will flow into the oils if we start getting a major feeding frenzy occuring within the industry. Need those american's coming up here to start scooping these cheap companies. Keep your eye open for Apache,Conaco,UPR and Burlington.