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

To: Jane4IceCream who wrote (65485)	4/29/2000 3:11:00 AM
From: cherrypitter	Respond to of 95453

From WSJ Interactive: April 28, 2000 Dow Jones Newswires RBC Dominion Starts Coverage On 32 Oil & Gas Producers Dow Jones Newswires NEW YORK -- RBC Dominion Securities started coverage of 32 independent U.S. oil and gas producers Friday, saying the companies' shares could appreciate as much as 40% in the coming 12 months. "The operating environment is better than it has been in some time," John Selser, the firm's director of U.S. oil and gas research, said in a research note. "Oil and natural gas prices are significantly higher than a couple of years ago and, although we have seen some appreciation in the underlying equities, we believe the group remains as much as 40% undervalued." Rated at strong buy were Apache Corp. (APA), Burlington Resources (BRR), Chieftain International (CID), Cross Timbers Oil (XTO), Devon Energy Corp. (DVN), Forcenergy (FORC), Kerr-McGee Corp. (KMG), Key Production (KP), Louis Dreyfus Natural Gas (LD), Ocean Energy (OEI), Pogo Producing (PPP), Prima Energy Corp. (PENG) and Vintage Petroleum (VPI). Stocks rated at outperform were Anadarko Petroleum (APC), Barrett Resources (BRR), Callon Petroleum (CPE), EOG Resources (EOG), Evergreen Resources (EVER), Forest Oil Corp. (FST), Meridian Resources (TMR), Pennaco Energy (PN), Santa Fe Snyder (SFS), St Mary Land & Exploration (MARY), Triton Oil Ltd. (OIL) and Unocal Corp. (UCL). Started at neutral were Basin Exploration (BSNX), Newfield Exploration (NFX), Nuevo Energy (NEV), Spinnaker Exploration (SPNX), Tom Brown (TMBR) and Union Pacific Resources (UPR). McMoran Exploration (MMR) was rated underperform.