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

To: Ken Robbins who wrote (42858)	4/21/1999 11:57:00 AM
From: PartyTime	Respond to of 95453

Insider Buying of Oil, Chemical Stocks Paying Off, WSJ Says New York, April 21 (Bloomberg) -- Corporate insiders at oil and chemical companies such as Louis Dreyfus Natural Gas Corp., Cross Timbers Oil Co., Tosco Corp., Lyondell Chemical Co. and Eastman Chemical Co. who bought their companies' stocks over the past months are benefiting, the Wall Street Journal reported. After months of being out of favor, investors have rediscovered these ''cyclical'' stocks, in some cases shifting money from technology shares. As a group, oil-exploration, oil-production and chemical stocks are up 27 percent, and natural-gas stocks are up 12 percent, the paper said, citing Baseline, a financial-data concern. While the Bloomberg/Howard Weil Independent Oil Company Index rose 14 percent this year, Standard and Poor's 500 index rose only 6.3 percent. (WSJ 4/21 C17 wsj.com) Apr/21/1999 11:28