Last year was one of misery for most energy companies,particularly producers. It was so bad that one industry analyst iscalling for sweeping change in how producers do business.
Misery
Articles from Misery
Coastal Has Great ’98, Others Not So Hot
While 1998 was a year of misery for most energy companies,especially producers, it was a banner year for The Coastal Corp.,which set a new earnings record. The company weathered the toughcommodity price environment so well in large part thanks to itsposition as a big gas transporter and large refiner, noted analystStuart Wagner of Petrie Parkman. Unlike Coastal, others reportingearnings yesterday suffered from not having a major pipelinebusiness to lean on for revenue.
January 27, 1999