The bloodbath in the U.S. natural gas market isn’t over, and an unprecedented 800-1,000 Bcf will need to be shut in this summer to stop what is sure to be a continuing decline in gas prices, Raymond James & Associates Inc. energy analysts said last week. Some analysts, including Barclays Capital and SunTrust Robinson Humphrey (STRH) think the rig count will fall below 800 before it hits bottom.
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Raymond James: 800-1,000 Bcf Could Be Shut In This Summer
The bloodbath in the U.S. natural gas market isn’t over, and an unprecedented 800-1,000 Bcf will need to be shut in this summer to stop what is sure to be a continuing decline in gas prices, Raymond James & Associates Inc. energy analysts said Monday.
March 3, 2009
Holiday Weekend Market Sees Huge ‘Crash in Cash’
A source’s prediction the day before of a potential price “bloodbath” in trading for the long Thanksgiving Day weekend (see Daily GPI, Nov. 21) came true in spades Wednesday. The market’s hemorrhaging was severe, as plunges of around 70 cents or more were common in all regions despite a mostly flat screen, and the OFO-devastated Southern California border dropped about a dollar.
November 26, 2001
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