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Show Fi aes 4 rie Conference Teaches Students — thyiniadandte Learned Lessons, sistfsa more on pros Is Playing It Safe crpiration ana proauction com BeomaoethetFeturmofrInt” Wicklundsald.“They @ Continued from E-1 havenottranslated into a wild expansion ofactivity in the Oil Patch: “The industry, for at least the first half of the year, was still recovering from the trauma of 1998 and 1999,” said oil historian and Saye ane Tecate The industry as a whole was “very much concerned with consolidating and fixing its finances and was kind ofskeptical and wary aboutprices, oe ithadjust gone through,”he said. For consumers, lower energy prices in 1998 and 1999 meant cheap gasoline and moderate util. ity bills. ane low prices rocked the inlustry, forcing companies to cut oersell off properties, build up debt and struggle to survive. Energy producers were near despair in late 1998 when crudeoil was sellingfor under $11 on futures markets and less than $10 in a lot of spot markets outin the field. Tens of thousands of people — from roughnecks to geologists to engi- should grow 19.1 percent over2000. ee aie catty, Deane errno spending in the United States by 21.7 percent, while major companies have budgeted a 15.9 ok increase. Internationally, co-npa- month. The event brought to-, psahe ha ler vst — financial a to build wealth tas 6eeeen eae oom at ‘e mutualfunds regular in 200] ‘That's what I think after at- ni eanoe coeRp ference inSouth Floridalast nies ae inga19 in. et a While last year started slow, many companies increased their 2000 budgets as the year went re ‘Tends infinancial servicesand the need for continuous personal "4 ; The program in Broward, Where! live, is one ofmore than tervals, aprocess _cost-averaging.That way you buy dojen and fowne whe peices ate Up: tionalAcaderayFoundationin’ peoplejustott”ledsale helps schools develop anenriched this grows for you. venir dg Ee: ceemeeieialee showed thatlandgascompanies @fS-thenotforproftfoundation Youwillbeamagedhowmuch ji a expected to increase spending pereent in 200 over 188; nowi Salomon Smith Barney Ine. in. its year-end survey said 10 major companies increased their spending in. 2000 less than 5 percent above 1999's. However, they expect to increase spending nearly 14 per- wanted from the Internet. Thats changing now, but it was a sector that was very out of fashion with Wall Street.” Mutalibov cited Royal Dutch/ “Shell as an example ofhow compa- nies are rete onstrate a 15 percent return on capital. And theystill a not get their projects funded if another Added Mutalibov: “We let the unitiis proposing a project with a sector go almostbroke in 1998 and 1999. That was probably one of the most severe downturns in recent history.” By the end of 1999, though, the price of oil had recovered to $25.60 a barrel on the New York Mercan- return,he said. Wicklund said most oe learned their lesson and paid off debt, bought back their common stock and boosted their rates ofreturn on capital. Hesaid he doesn’t know how long the companies will remember tile Exchange futures market. Since late May 2000,oil has mostly British thermal units in Nymex trading, skyrocketed in 2000, peak- the lessons of the recent past and not embark on unwise, low-return expansion. They probably haven’t changed permanently, he said. “T hate to say ‘permanent’ because it’s the oil business,” Wicklundsaid,“and eventually they all get stupid and forget. But through ing at close to $10 in December. rele that definitely should be the traded above $30 a barrel, peaking at $37.20 on Sept.20, although it has recently dropped under $30 and into the mid-$20s. Natural gas, which in early 1999 traded well below $2 per 1 million Most analysts had expected a rapid increase in drilling and production in 2000. While North American activity jumped, ‘Ppingoutofschool. DidI learn much atthe conference? Not really, because this is 20 area Imust keep up with and Rone ofthe advice that was offered 18 new. But we all got much a tantpinctnice thatadultsto0 Pegbrerag oben:lbState tenignore attheirownperi their To get approval for projects, units inside Shell must be able to dem- 1999 “were probably as bad as any timeI've hadin theoil business.” said the well-run, well-capitalized cae survived — and Others “got ‘Some ofthis stuffis so basic dom’ and ope icby now,"saldepee i A ae Ree an ofFinance bailed out by higher ‘ileal gel oar hee In fact, the high prices for oil and gas probably saved some com- But do we?.Can you, for exam- ple, answer the question, “What is most important dollar you will ‘vest $100,000 at the worst time in nology stocks, some companies. It Messana, certified financial plan- is that? Because it willhave more means his sensible lar,saidAmberDay,ateacherat advice todiversify. “That $100,000 Nova High School near Fort Lauderdale. : Howabout investing and building wealth? How difficult is that? i process is now $50,000.” That's the so-called “rear-view”. * to keep them going. atall ifyou start early,”said Gar- requir nants waivel ance p quired costly detour to bankruptcy court iecuesaeseno aftent Nay Professional. 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IN THE THIRD JUDICIAL DISTRICT COURT OF SALT LAKE COUNTY STATE OF UTAH Civil No. SUMMARY NOTICE OF PROPOSED CLASS ACTION SETTLEMENT Wednesday, January 17, 2001 The Salt Palace Convention Center 100 South West Temple / Salt Lake City, Utah January 18, 2001 or February 22, 2001; 6 p.m. Pursuant to Rule 23(c)(2) ofthe Utah Rules ofCivil Procedure andby Onder ofthe District (Court ofthe State ofUtah for the County ofSalt Lake (the “Court”, this is to advise you that there Roland Christensen Center, Rm 110 U of U campus Please RSVP by phoning 581-5577. OF[TAH is now pending in this Court a class action lawsuit (“Action”) against US WEST Communications, www.murdock.com Inc. oF its predecessorsand successors (refered to herein collectively as “US WEST" or Defendants”) is the Action, Service refers to new primary or eddtiona ines for business orresidential telephone ‘The parties have agreed to settle the Action. ‘ The Agreement”) Second chance for a first impression. ‘Class "Notice of [payee Se went ae toe Litigation, Claims Adena PO. Box 46534, Seat eS 10008127. Co Vn Re may also view the Agreement during normal business fea eon efeo Chr ofteCau,Tie Juda Dice Cnet, Sok as Com 4908 State, Salt Laice City, Utah 84114,or by visiting the website. PLEASE DO NOT CONTACTTHE |COURTORTHECLERK'SOFFICE FOR INFORMATION. ‘The Action was brought on behalfofthe followingclass: ‘All Customers who placed with US WEST an order for Service between January 1, 1993 and November 21, 2000,which order was delayed beyondthe Due Date duc to alackofUS WEST facilities. faci 1320 AM For more information and valuable tips, check out our website. Ce , obligations.There as bon no tril in he Action. ‘Tis notice snoto beungertondaaa werrenty, extendible to 48months” * PoachAssistanceProgram * 7day500-mie Exchange Privioge” 97 C230 VIN #487843 Siver SOK miles ecm 97 E320 \VIN #026015 White 52K miles $33,500 wer $35,500 VIN #519198 Siver 31K miles ‘VIN #032438 Brillant Emerald 40K miles, me Acion. Under the Agreement, Defendants shall make available $6,185,866.82 in bill reds to current 029,574.08, sattomeys’ foes of$1,237,173.36 and litigation expenses of$19,330.83 tocounsel for the class. The ast aleolsul Connpera ‘A bearing will beheld on April 9, 2001, at 9:00 arn, offices ‘Court, Judicial District State, Salt Lake City, Utah 84114, to determine whetherthe Sottkementshould beapproved as fair, 96036 VIN #424144 Black 50K miles 9 E300 VIN #584919 Azwe Ble 37K miles just, reasonable and adequate to all parties. yen Al win Os eaten pos ats be eaten ieee Yo 99.230 $29,900 VIN #719611 Bordeaux Red 5K miles 99 E3204MATIC $45,900 VIN #022833 Bordeaux Red 19Kmiles hand-livery the Clelen’ Administrator February 12, 2001. If; ichade Yountm aehonan dam fo wal nt botemediy Ou dpeteienntl REE bowopmmened . Sere pid : $49,900 $94,500 : $35,500 , rm oisDns.iwibeofplementchyou se fotd anything at Ifthe Settlement approved, theClaims Adntinistrator will provide VIN #290008 Smoke Siver 57K miles approval and will dieibyte Clsim Forms. As a memberofth settlementcess, you wil be such VIN $134951 Black 26K miles, peasoneeteie ata You may also object to the Settlement by filing a notice of 98 S.600 = www.business.utah.edu/emba ‘of was at all g unaronng }, 2000. If In Action, Plaintiffs allege that Defendants engaged in a variety ofconduct which led to ‘Utah customers. tly long-term set, Oaaunyiee VIN#061924 Siver 23K miles ‘Tve seentrue-life clients in- the market” and in just afew tech- survival. In somecases, such as Dallas companies Coho Energy Inc., National Energy Group Inc. and Aviva Petroleum Inc., it took a PRESENTED BY 97 E320 - time to grow than any other dol- Thecurrent boomin oil and gas FREEbreakout sessions taught by professional career coaches on critical job search topics. VIN #026373 White 50K miles when oF longer. As to getting caught up in the euphoria ofthe ner with PaineWebber. And why gas makeheroes ofa lot ofpeople,” (7 Modes), Digital Effects CLKASO erm horizonthreetoix ity it should be five, 10 or 15 years, doesn’t mean record profits for + DVTerminal (IEEE 1394) In/Out. IN2A706 lack 6K es “A lot ofmy clients think a Lazier laughed. Stereo(12bit/16bit) * Precision CircularIris, ND Filter, 3 Shooting Modes, Program AE : ket, or trying to “time” the mar- months,” Elrod * Direction Accurate Cross-Directional Microphone and PCM Digital Attractive, ioebawea ragabithe -to-day movesofthe stockmar- such as when the ite index was hitting record highs ™ listen to Elrod: SRE Mee by My example: Just$50 a month put into a Roth IRA, earningan average percent astock year,market would returnof11 grow more than $140,000 after 30 years, and $430,000 after 40 years. All the money in a Roth IRA —you can put in up to $2,000a year—can be taken out tax-free you are 59% and the account: panies and made others look ever have?” rt. Answer: “The one dollar that “Let's face it: $35 oil and $5 or $6 You savetoday,” 5 saidLorraineA. NCTCEGa ea Sponsored financial Smith Barney. (And ifyou didNOTstart Oneoftheeasiestandmostef- looks as though the Walae nationeet manybeat minority eeao epanting aly 1ASapebaet piudents who might risk of Charles Seely, president of the Texas Alliance of Energy Producers, said 1998 and thefirst half of The higher prices were attributed to heating oil shortages and _—_risonElrod,a consultantwith tina year instead was being sucked away by Internet and panies. Until mid-2000, “the indi had feeling that it was sort of being left behind by the new economy and the Internet. The irony is that by late in the year, a funny thing happened on the way to the new economy —it had a price neers — were laidoff. predictions ofa cold winter. Jim Wicklund, analyst at Dain Rauscher Wessels in Dallas, said MoreThanJust Finances crease in capital spending of pace “ the should Lee aurveyof S44companies, havegonetoclass,to0, a8 SERRE SSE AZSRSEEESEERROERESESe_ Oil Industry Ip | The Salt Lake Tribune BUSINESS | Sunday,January 14,2001 E4 of “~y lobjection with the Cour, and sending a copy ofyour notice ofobjectiontoPlaintiffs" Counsel and FDIC Insured CD’s 12 MONTH FIXED TERM 7.002 Fixed Term! Fixed Yield! NO FEES! Subject to availability $20,000 minimum deposit. Penalty for early withdrawal FDICinsured to $400,000 per institution. Don’t miss this opportunity for attractive yields, call: nan ss TOLL FREE cm Defense Counsel no later than February 20, 2001. Visit Ken Garff imports today to test drive a Starmark vehicle. You are sure to be impressed, GKenGarff imports 575 So, State, 257-3000 met ety ‘Tobia D. Kem, Hetines Pome a Richard N. Baer, Eq. ‘Claristopher R. Mosiey, Bag. Sherman&Howard LLC. 633 - 17"Street, Suite. 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