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To: Tomas who wrote (19716)3/5/2003 1:15:18 PM
From: Tomas  Respond to of 206089
 
Groppe Long's Groppe: Outlook for Global Energy Prices

"Most of the current prices are due to fundamentals and not disturbances in the Middle East."

New York, March 5 (Bloomberg) -- Henry Groppe, a partner and consultant with Groppe, Long & Littell, talks with Bloomberg's Carol Massar about the impact of a possible war with Iraq on global energy prices and the potential impact of higher energy prices on the global economy.

01:48 Possible war with Iraq and outlook for global energy prices
01:50 Impact of higher energy prices on the global economy
Running time 3:38
Listen: media5.bloomberg.com:443/cgi-bin/getavfile.cgi?A=22219471



To: Tomas who wrote (19716)3/5/2003 1:28:11 PM
From: Tomas  Read Replies (1) | Respond to of 206089
 
Salomon Smith Barney also said it was raising 2003 and 2004 per-share earnings for a number of exploration and production companies because of the higher commodity prices.

They are Apache, Anadarko, Burlington, Chesapeake, Cabot, Devon, EOG, Kerr McGee, Noble, Newfield, Ocean, Pioneer, Spinnaker, Houston Exploration, Unocal and XTO.

Also included were Canadian Natural Resources, EnCana, Nuevo and Vintage Petroleum.

Salomon also raised its 2004 earnings forecasts for Forest Oil, Stone Energy and Talisman. Their 2003 forecasts were unchanged.