M.D.C. HOLDINGS <MDC> SELLS ENERGY UNIT
M.D.C. Holdings Inc said it sold
substantially all the assets of its oil and gas unit, Mizel
Petro Resources Inc, and affiliated partnerships, for 38 mln
dlrs in cash to <Parker and Parsley Petroleum Co>, Midland,
Texas.
    The company said that, subject to certain post-closing
adjustments, it expects to post a small profit on the sale.
 Reuter
