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Article: As temperatures begin to fall, analysts price forecasts rise.(NGW's Analyst Scoreboard)
- Article from:
- Natural Gas Week
- Article date:
- August 18, 2003
- Author:
CopyrightCOPYRIGHT 2003 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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With a relatively mild summer coming to an end and storage still lagging last year and the five-year average, analysts in this quarter's NGW Price Scoreboard for the most part are increasing their spot wellhead gas prices estimates.
Our 27 analysts raised their 2003 average forecast 18 cents to $5.48/MMBtu from the $5.30 they had predicted at the beginning of May (NGW May 12,p1). The forecasts run from a low of $5.19 by Dan Lippe of Petral Consulting to a high of $5.75 by Chris Ellsworth of Pace Global Energy Services and Joe Allman of RBC Capital Markets.
But predicting gas prices recently has been a crapshoot or an art like reading tea leaves. "We ...