Associates

With natural gas production growth up 8% year/year (y/y) and gas prices down by half in just two months, Raymond James & Associates Inc. Monday slashed its U.S. gas price forecast for 4Q2008 to $7.50/Mcf from $10, which is 40 cents lower than the futures price and nearly $4 below Wall Street’s consensus.

Analysts at Raymond James & Associates Inc. raised their 2008 gas price forecast to $10/Mcf from $8/Mcf and said they expected stronger summer prices due to recent weather that has been colder than average, low imports of liquefied natural gas (LNG) and ongoing repairs at Independence Hub in the Gulf of Mexico.

Analysts at Raymond James & Associates Inc. raised their 2008 gas price forecast to $10/Mcf from $8/Mcf and said they expected stronger summer prices due to recent weather that has been colder than average, low imports of liquefied natural gas (LNG) and ongoing repairs at Independence Hub in the Gulf of Mexico.

The oilpatch has gone high tech and demand for new and better products has never been higher, Raymond James & Associates Inc. analysts said last week.

With oil and natural gas prices soaring, don’t expect oilpatch investments to slow down anytime soon, Raymond James & Associates Inc. said Monday.

With natural gas storage at the end of the winter heating season considerably lower than expected, the natural gas bears at Raymond James & Associates Inc. have switched sides and are again running with the bulls through 2008. Two other energy analysts also raised their gas price forecasts through the rest of the year.

With natural gas storage at the end of the winter heating season considerably lower than expected, the natural gas bears at Raymond James & Associates Inc. have switched sides and are again running with the bulls through 2008. Two other energy analysts also raised their gas price forecasts through the rest of the year.

Despite missing the mark with an earlier bearish projection, analysts at Raymond James & Associates Inc. are sticking to their fretful view of summer gas prices based on the strength of production growth from unconventional basins and “an anticipated uptick in summer LNG [liquefied natural gas] imports.”

Despite missing the mark with an earlier bearish projection, analysts at Raymond James & Associates Inc. are sticking to their fretful view of summer gas prices based on the strength of production growth from unconventional basins and “an anticipated uptick in summer LNG [liquefied natural gas] imports.”