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

To: Mike from La. who wrote (39249)	3/8/1999 12:04:00 PM
From: Jamey	Read Replies (1) \| Respond to of 95453

Articles taken from the Wall Street Transcript: " Special "Major Integrated Oils Industry" Edition of The Wall Street Transcript NEW YORK--(BUSINESS WIRE)--Feb. 8, 1999--Leading analysts examine the Major Integrated Oils Industry in the just-published edition of The Wall Street Transcript, a vital review for investors and companies. 1)An in-depth roundtable forum featuring four prominent analysts: Sanford Margoshes of Loeb Partners, John Parry of John Herold, Inc, Alvin Silber of Herzog, Heine, Geduld, Inc., and Michael Young of Deutsche Bank Securities. The panel discusses the outlook for Chevron (NYSE:CHV) and Texaco (NYSE:TX), regulatory climate, dividend forecasts, acquisition candidates, petrochemicals, small-cap stock picks and the Exxon-Mobil (NYSE:XON) (NYSE:MOB) merger. While investors anticipated consolidation in the sector, Young states, "I think that there was an expectation that the stronger companies would acquire the weak, and actually that is not what happened. The strong merged with the stronger." Regarding the bottoming of oil prices, Margoshes declares, "I believe that the rise in crude prices already in motion will continue. It's clear to me we've seen the bottom. I think we're going to average between $14 and $15 WTI." Looking forward, Silber asserts, "I expect that a tightening of the supply/demand balance for natural gas will develop in the domestic market in 1999. Since you can't import natural gas supply from OPEC, E&P companies that are predominantly natural gas producers could be benefited by a fairly significant increase in the price of gas in the coming year."