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Gold/Mining/Energy : Conoco (COC) - The biggest U.S. IPO ever -- Ignore unavailable to you. Want to Upgrade?

To: Weekapaug who wrote (30)	1/4/1999 11:50:00 PM
From: Night Writer	Respond to of 123

Energy futures traded Monday on the New York Mercantile Exchange received a boost from the frigid weather that swept across the United States over the weekend. Crude oil futures prices also received a lift from concern over the latest bellicose statements from Iraqi President Saddam Hussein. Heating oil and natural gas futures prices were pushed higher by the blast of cold weather that began moving across the nation last week and intensified over the weekend, according to analysts. Forecasts call for continued cold over the next six to 10 days, particularly in the Midwest, which relies primarily on natural gas to warm homes. Crude oil futures prices were boosted by Saddam's Sunday address to his cabinet, in which he said the ''no-fly'' zones imposed on Iraq flout the will of all Arabs. He called the zones illegal and vowed that Iraq will fight violations of its airspace. The no-fly zones, which cover about two-thirds of Iraq, were set up by the United States, Britain and France after the 1991 Persian Gulf War to stop Iraq from using its air force against Kurdish rebels. (AP)

To: Weekapaug who wrote (30)	1/6/1999 2:43:00 PM
From: Night Writer	Read Replies (1) \| Respond to of 123

MAJOR COMPANY/INDUSTRY NEWS: (All prices as of 10:20 a.m. ET) ** PHILLIPS PETROLEUM CO. (P: 42-1/2, - 1/8) said Wednesday it will post a fourth quarter loss, cut about 1,400 jobs, reduce capital spending to $1.5 billion and take other cost cutting measures due to record low oil prices. The company said it expected fourth quarter results would be breakeven or a slight loss, before taking about $339 million in severance-related and other charges. The First Call analyst's consensus estimate for the fourth quarter was $0.12. See Full Story at infobeat.com.