MCN Energy Group continued singing the blues to investors lastweek with an announcement that it canceled its Michigan E&Passet sale and took a huge financial loss during the secondquarter. But company officials promised to turn things around witha new executive leadership team and a narrower,vertically-integrated business strategy.
Blues
Articles from Blues
Anadarko Joins 3Q Blues Singers
Same story, different company. That summarizes third quarterresults reported recently by Anadarko Petroleum. Like everyoneelse, Anadarko suffered from lower gas and oil prices last quarter,and the hurt shows plainly in its financials.
November 4, 1998
Quiet Cash Market Mostly Flat to a Little Lower
A number of traders were experiencing early cases of the”Summertime Blues” Monday due to what they perceived as a verylackluster market. “It will be easy to report the prices todaybecause they’ve hardly budged” from Friday, a Gulf Coast marketertold Daily GPI. Another source quoting flat to slightly lowerChicago citygates in the mid $2.00s noted he was “just sitting hereyawning.”
June 9, 1998
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