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

To: Filbert who wrote (61924)	3/10/2000 12:49:00 PM
From: Think4Yourself	Respond to of 95453

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).