Admit

Canaccord Genuity is maintaining a natural gas price forecast of $3.50/Mcf for 4Q2012, with prices gaining 50 cents in 2013 and then moving to $5.00 for the long term, analysts said Friday.

Analysts at Raymond James & Associates Inc. admit to being “much more bullish than the Street on 2008 domestic natural gas prices.” And judging by what they said they heard at their recent institutional investors conference, producers are pretty bullish, too.

Analysts at Raymond James & Associates Inc. admit to being “much more bullish than the Street on 2008 domestic natural gas prices.” And judging by what they said they heard at their recent institutional investors conference, producers are pretty bullish, too.

Ever-bullish analysts at Raymond James & Associates were forced to admit last week that their gas price forecast for 2005 appears excessive in light of the current gas storage surplus. However, that didn’t stop them from raising their price forecasts for 2006 and 2007 far beyond what some other experts are predicting.

Ever-bullish analysts at Raymond James & Associates were forced to admit Monday that their gas price forecast for 2005 appears excessive in light of the current gas storage surplus. However, that didn’t stop them from raising their price forecasts for 2006 and 2007 far beyond what some other experts are predicting.