Oil Stocks Rally Amid Big Players and New Breakouts
Johannes Steel highlights emerging oil and gas shares led by Pennzoil Offshore Gas and Inexco Oil with new highs after splits and strong volumes. He cites Pennzoil Co and Plato relations, regional upswings in Colorado and New Mexico, and a shift toward onshore offshore Gulf activity while noting favorable valuations and convertibles as long term plays.
MENTIONED IN THIS ARTICLE
Pennzoil Offshore Gas
OTC
Pennzoil Co
Pennzoil
Plato
Inexco Oil
NYSE
Energy Reserve Group
Texas American Oil
Louisiana Texas Offshore
Warner Oil
ASE
Colorado
New Mexico
Wyoming
Utah
California
Pennzoil Louisana
Texas Offshore
POGO
Pennzoil Motor
Gulf of Mexico
Dutch North Sea
Duval Corp
U.S
Comet
Jojoba Bush Attracts Global Oil Industry Interest
Riverside scientists report jojoba, a desert shrub native to California and Arizona, could become a future oil source. Legislation provides 700000 for research to help American Indian reservations develop plantations and harvest the seed for waxy lubricant and cosmetic uses. International interest spans Japan and Middle East nations, with applications in inks, varnishes, and edible oils. An international jojoba conference is planned for 1978 in Riverside.
MENTIONED IN THIS ARTICLE
Riverside
UPI
U.S
Demetrios Yermanos
University of California, Riverside Agronomy
California
Vermanos
Arizona
The
University of California
Grain Ride Updates At Port of New Orleans
A ship loads grain at New Orleans as two fifths of U.S. grain exports pass through the port. Congress enacted a new law via the USDA Federal Grain Inspection Service to curb short weighing and misgrading. An inspector in Houston samples grain from a boxcar as a nationwide overhaul of inspection and weighing systems proceeds to protect farmers' top export.
MENTIONED IN THIS ARTICLE
New Orleans
U.S
Gulf Coast
U.S. Department of Agriculture
Federal Grain Inspection Service
Congress
Houston
Monthly Gold Sales Continue Through Spring 1978
The IMF announced ongoing monthly gold auctions through spring 1978 to fund aid for developing nations. Each sale will offer 525,000 ounces with prices and conditions unchanged, and the next three auctions are set for the first Wednesday of September October and November. Proceeds support expanded assistance funds for donor nations.
MENTIONED IN THIS ARTICLE
Washington
UPI
International Monetary Fund
No Frills Approach A Winner For PSA
PSA under William Shimp pursues a no frills model to cut costs and fares. PSA carried 6.5 million passengers last year, ranking 12th in the US and second from LA. The airline aims to expand to Nevada, pledging fare cuts and low operating costs with high aircraft and staff productivity.
MENTIONED IN THIS ARTICLE
San Diego
UPI
William Shimp
Shimp
Pacific Southwest Airways
PSA
Pan American
Los Angeles International
California
Nevada
Las Vegas
Reno
Californa
Los Angeles
San Francisco
Parison
New York
Washington
Paul C. Barkley
Senate
Souther California
Iron Age Says Steel Imports Up This Year
Iron Age reports U.S. steel imports heading toward a record with estimates suggesting 17 to 20 million tons, potentially beating 1971's 18.3 million. June imports exceed 1.8 million tons and first-half totals top eight million. The industry is split over whether inventories will tighten or demand remains strong.
MENTIONED IN THIS ARTICLE
New York
UPI
Iron Age Magazine
Dow Dips as Rally Fails Amid Higher Rates
The New York market slid Friday with the Dow Jones average down 4.42 points to 873.01 as investors digest higher interest rates. Volume eased as declines outpaced advances and several Dow components traded at multi‑month lows, amid Fed rate-tightening expectations and mixed earnings hints from GM and Chrysler.
MENTIONED IN THIS ARTICLE
New York
UPI
Wall Street
General Motors
Ford
Chrysler
Johns Manville
Defiance, Ohio
London cassette tours offer eight guided tape sets
A London firm sells eight cassette tapes that serve as smart city guides. Each tape covers a London area from Parliament Square to Park Corner or Trafalgar Square to St Paul’s and can be bought individually for about 3.60. The cassettes come with a printed map and provide a two to three hour tour of a famous portion of the city.
MENTIONED IN THIS ARTICLE
London
UPI
Parliament Square
Park Corner
Trafalga Square
St. Paul's
Also Mentioned on This Page
Johannes Steel
Houston Oil and Minerals
Patrick Petroleum
Phillip Pete
British Pete
Occidental Pete
Kewanee Industries
Ashland OW
Ashland Oil
Tme
Sonoran
Mexico
Israel
Bureau of Indian Affairs
Wester
Frank W. Slusser
New York Stock Exchange
American Stock Exchange
Federal Reserve Board
Fed
Commonwealth Edison
Es Babcock & Wilcox
J Y McDermott
B&w
McDermott
United Technologies
Kellogg
Tropicana
Technicare
Nho
Cadence Industries
Wright Angles
Lorry Wright
Jory
LI RM Bel
O Ke Wey
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