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Gold/Mining/Energy : Texaco (TX) -- Ignore unavailable to you. Want to Upgrade?

To: hoopsville who wrote (77)	10/14/1997 5:13:00 AM
From: Ie Coan Bie	Respond to of 143

OFF TOPIC, but has relation ============================== Does anyone have any opinion/more info on RNTK??, Yesterday , the price move more than 30 % , from $1 to $1 11/32 ( top price $ 1 17/32 ) with trading vol up to 2,851,800 ( rise more than 100 % compared to some days before) with normal Daily Volume (3-monthÿavg) 363.6K Some info on RNTK : Source biz.yahoo.com Rentech's Process Technology is a patented and proprietary process which can be used to convert synthesis gases into valuable liquid hydrocarbon products, such as naphtha, clean-burning diesel fuel, and high-grade industrial waxes. Rentech, Inc. and Texaco Group Inc. Agree to Continued Negotiations biz.yahoo.com Catalyst Manufacturer Chosen for Rentech/Donyi Polo Gas-To-Liquids Project biz.yahoo.com Abi

To: hoopsville who wrote (77)	2/15/1998 10:09:00 AM
From: hoopsville	Read Replies (1) \| Respond to of 143

Texaco's implied strategy is interesting. They are slowly moving to primarily becoming a producing company. Their stated goal is to double 1995 earnings by year 2000. For example: Texaco intends to increase oil and gas reserves through purchases which makes a lot of sense at current low prices. Texaco continues to reduce downstream (refining/marketing) exposure through joint ventures. This maintains or improves downstream earnings while freeing up investment capital to purchase O&G reserves. Texaco is reducing emphasis on their oil and gas exploration efforts which have been historically lacking in major discoveries. Texaco has almost completely exited the cyclical petrochemical business. If Texaco has time to increase O&G reserves before the price of oil goes back up, Texaco's earnings and stock price will explode when it does.