Value

In a move that acknowledges its value to the company, Williams on Friday announced it will create a third business unit with its energy marketing and trading organizations, joining the company’s entrenched energy services and gas pipeline business segments. Marketing and trading had been part of the Tulsa company’s energy services group, and the change “should allow the investment community a better view of this segment of our company,” said Williams new President Steven J. Malcolm.

Columbia Gulf said a heating value limit of 1,050 Btus per cubic foot on gas tendered to its system, initiated in January, will remain in effect at least until the end of September.

Barrett Resources Corp.’s move to provide “strategic alternatives” to its shareholders, and thus, increase the value if it is taken over, appears to have paid off. Last week, the Denver-based independent apparently received at least two more bids to compete with Royal Dutch/Shell Group’s offer of $60 a share. Barrett had set a deadline of last Wednesday for other companies to make an offer.

Barrett Resources Corp.’s move to provide “strategic alternatives” to its shareholders, and thus, increase the value if it is taken over, appears to have paid off. This week, the Denver-based independent apparently received at least two more bids to compete with Royal Dutch/Shell Group’s offer of $60 a share. Barrett had set a deadline of Wednesday for other companies to make an offer.

After watching prices lose 9% of their value Monday, natural gastraders cooled their heels yesterday in a session in which neitherbull nor bear was able make its mark. As a result, the Marchcontract began its tenure as prompt month by inauspiciously sagging3.9 cents to close at $6.097.

CMS Energy Corp. announced it intends to implement a programthat will strengthen its balance sheet while maintaining itsforecasted earnings per share for 2001. The company also plans toretain the goal of a 10% per year growth rate thereafter.

CMS Energy Corp. announced it intends to implement a programthat will strengthen its balance sheet while maintaining itsforecasted earnings per share for 2001. The company also plans toretain the goal of a 10% per year growth rate thereafter.

In a move analysts predict will help both companies realizetheir full value, Williams has begun the first steps to separateits energy division from its communications businesses. The boardof directors of the Tulsa, OK-based company voted July 23 to beginthe process, which is expected to take about 18 months.

In a move analysts predict will help both companies realizetheir full value, Williams has begun the first steps to separateits energy division from its communications businesses. The boardof directors of the Tulsa, OK-based company voted Sunday to beginthe process, which is expected to take about 18 months.