January 2005
Investment Dealers' Digest;1/31/2005, Vol. 71 Issue 4, p32
Trade Publication
The article presents news briefs related to energy and power sector along with the financial performance of related firms. CAO Singapore, the Chinese trading company that lost $550 million in derivatives trade, has pledged to repay creditors about 40 percent of what it owes them, spread over the next eight years. Cimarex Energy Co., a Denver-based oil and natural gas product, agreed to acquire Magnum Hunter Resources of Irving, Texas, for $ 1.5 billion in stock. ConocoPhillips Inc., the third-largest U.S. oil company, said its net income more than doubled in quarter four amid lofty oil prices.


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