Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Tomas who wrote (20264)	3/14/2003 12:19:09 PM
From: Tomas	Read Replies (2) \| Respond to of 206183

Oil Price declines accelerated as automatic sell orders, known as stops, were triggered. "The speculators who brought us to this point are being forced out. The same speculators that put the war premium into the price of oil have triggered an avalanche as stops are triggered." Ed Silliere, vice president of risk management at Energy Merchant LLC in New York

To: Tomas who wrote (20264)	3/14/2003 3:34:02 PM
From: Tomas	Respond to of 206183

More from the UBS report Aggregate net income for the major U.S. oil and gas companies will likely increase 48 percent in 2003 because of higher gas and oil prices, the report said. Gas prices will be 61 percent higher in 2003 than in the year earlier, with oil prices 7 percent higher, it projected. UBS projected Marathon will earn $2.96 a share in 2003, an increase from the previous estimate of $2.57 and up 78 percent from net income of $1.66 a share in 2002. ConocoPhillips was estimated to make $6.20 a share, up from the previous estimate of $5.63 and a 2002 net loss of 57 cents. UBS said Murphy would make $3.44 a share, compared with the earlier estimate of $3.14 and 2002 net income of $1.21 a share. The report also said Amerada Hess Corp. will make $5.61 a share in 2003, up from a previous estimate of $5.25 and a 2002 net loss of $2.48; and ChevronTexaco Corp. will earn $6.30, up from the previous estimate of $5.96 and 2002 net income of $1.07. Exxon Mobil Corp. will earn $2.34 a share in 2003, up from the previous estimate of $2.26 and 2002 net income of $1.68, UBS said. Occidental Petroleum Corp. is projected to make $3.65 a share, up from the previous estimate of $3.53 a share and 2002 net income of $2.63. UBS last month raised its 2003 oil price forecast by $3 a barrel because of disruptions to Venezuelan supply, low inventories and a possible war in Iraq. That report said Brent crude oil is expected to average $26.50 a barrel this year, and U.S. benchmark West Texas Intermediate crude is expected to average $28.