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

To: Night Writer who wrote (83)	3/29/1999 11:15:00 PM
From: Night Writer	Respond to of 123

Energy futures prices continued their sharp gains Monday on the New York Mercantile Exchange amid concern about the availability of gasoline going into the peak driving period. Gasoline futures helped boost heating oil and crude, reflecting market nervousness about recent refinery problems and oil producers' intentions to reduce available supply. Gasoline prices soared last week after world oil producers moved to take some 2.1 million barrels of crude off the market daily, in a bid to boost prices per barrel above $17. While analysts noted it will not be possible to determine compliance until the end of April, at the earliest, positive statements from many of the world's top producers have supported the gains. Prices also were supported by a spate of refinery problems, many of them on the West Coast, that could shift gasoline destined for the Atlantic Coast westward. With mild weather already boosting gasoline demand across the eastern half of the United States, many market participants are beginning to fear spot shortages may occur this summer. (AP)

To: Night Writer who wrote (83)	3/29/1999 11:16:00 PM
From: Night Writer	Read Replies (1) \| Respond to of 123

List of Biggest Oil, Gas Mergers .c The Associated Press By The Associated Press A ranking of the world's biggest mergers in the oil and natural gas industry, as computed by Securities Data Co. Inc. The value of the deal was computed on the day it was announced and excludes any debts assumed by the acquiring company: 1. Exxon Corp. reaches agreement to acquire Mobil Corp., $78.9 billion, pending. 2. British Petroleum Co. PLC acquires Amoco Corp. to form BP Amoco PLC, $48.2 billion, completed in 1998. 3. Standard Oil Co. of California acquires Gulf Oil Corp. to form a company that became Chevron Corp., $13.4 billion, completed in 1984. 4. Total SA of France reaches agreement to acquire Belgian refiner Petrofina SA to form Total Fina, $11.8 billion, pending. 5. Conoco Inc., with DuPont Co. proposing to spin off a 69.5 percent interest to shareholders, $10.9 billion, pending. 6. Texaco Inc. acquired Getty Oil Co., $10.1 billion, completed in 1984. 7. Italy's Ente Nazionale Idrocarburi, or ENI, acquires Enimont SpA, $9.9 billion, completed in 1991. 8. DuPont Co. acquires Conoco Inc., $9.5 billion, completed in 1981. 9. British Petroleum Co. PLC acquires the stock it did not already own in Standard Oil Co., once known as Standard Oil Co. (Ohio), $7.9 billion, completed in 1987. 10. Duke Power Co. acquires PanEnergy Corp. to form Duke Energy Co., $7.6 billion, completed in 1997. AP-NY-03-29-99 1810EST