Lehman Brothers analysts estimated in a 2003 production report last week that U.S. natural gas supply last year fell 3%, and forecast another 1% drop this year. The supply report surveyed 53 U.S. producers, which account for about 73% of U.S. production.
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Lehman Raises ’04 Gas Price Estimate 11%
Lehman Brothers on Friday increased its 2004 natural gas price estimate 11% to $5/MMBtu, even though it noted in a report that the recent storage withdrawals have been disappointing.
January 26, 2004
Lehman Raises ’04 Gas Price Estimate 11%
Lehman Brothers on Friday increased its 2004 natural gas price estimate 11% to $5/MMBtu, even though it noted in a report that the recent storage withdrawals have been disappointing.
January 26, 2004
Lehman: 3% U.S. Production Decline in ’03; Another 1% Decline Seen in ’04
Lehman Brothers analysts estimated in a new report Monday that the U.S. natural gas supply last year fell 3%, and it will go down another 1% this year. The supply report surveyed 53 U.S. producers that account for about 73% of U.S. production and includes Canadian and liquefied natural gas (LNG) imports.
January 21, 2004
Lehman Analyst Sees Gas Storage Inventory Remaining Higher than in Same Period of ’02
Lehman Brothers analyst Thomas Driscoll expects the Department of Energy’s natural gas storage report on Wednesday to show a withdrawal during the week of Christmas of 122 Bcf — down from 123 Bcf in the same period last year and well off the five-year average of 161 Bcf. If the estimate is correct, Driscoll noted that gas inventory levels would stand at 2,577 Bcf, 160 Bcf higher than last year and 36 Bcf higher than the five-year average.
December 31, 2003
Lehman Cuts ’04 Gas Price Forecast 50 Cents on Near-Record Injection
Lehman Brothers on Tuesday lowered its 2004 natural gas price forecast to $3.75/MMBtu from $4.25 and also lowered the longer term forecast to $3.75 from $4.00 because near-record injection levels heading into the heating season “could cause significant price weakness.”
October 20, 2003
Lehman Cuts ’04 Gas Price Forecast 50 Cents on Near-Record Injection
Lehman Brothers on Tuesday lowered its 2004 natural gas price forecast to $3.75/MMBtu from $4.25 and also lowered the longer term forecast to $3.75 from $4.00 because near-record injection levels heading into the heating season “could cause significant price weakness.”
October 15, 2003
El Paso Sets up $500M Drilling Deal with Lehman, Nabors
El Paso Corp. is teaming up with investment banker Lehman Brothers and drilling operator Nabors Industries Ltd. for about $500 million worth of drilling activity in two unspecified locations in the next nine to 12 months.
October 13, 2003
El Paso Sets up $500M Drilling Deal with Lehman, Nabors
El Paso Corp. is teaming up with investment banker Lehman Brothers and drilling operator Nabors Industries Ltd. for about $500 million worth of drilling activity in two unspecified locations in the next nine to 12 months.
October 13, 2003
Stone Energy Falls Short of Analyst Production Targets
Lehman Brothers analyst Jeffrey W. Robertson is pessimistic about Stone Energy being able to meet its 2003 and 2004 gas production targets and has lowered his share price projections on the company.
September 29, 2003
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