The near-term risk of more natural gas price erosion led analysts at ABN-AMRO and Lehman Brothers to downgrade their 2002 forecasts for several U.S. exploration and production company stocks this week. ABN-AMRO lowered its view of 2002 natural gas prices to $3.75/Mcf from $4.20/Mcf, but noted the new level “still represents a lofty and highly profitable commodity price for E&P companies.”
Brothers
Articles from Brothers
Lehman Bros. U.S. Gas Production Has Turned the Corner
Lehman Brothers confirmed Friday that beneath the hefty first quarter earnings for oil and gas companies a more compelling tale is unfolding as both majors and independents operating in North America benefit from the move to the drill bit. Production numbers are mixed, but many report that production is up significantly — and some predict the best is yet to come.
April 30, 2001
Lehman: Gas Production Has ‘Turned the Corner’
Lehman Brothers confirmed Friday that beneath the hefty first quarter earnings for oil and gas companies a more compelling tale is unfolding as both majors and independents operating in North America benefited from the move to the drill bit. Production numbers are mixed, but many report that production is up significantly — and some predict the best is yet to come.
April 30, 2001
Lehman Shaves Gas Price Forecast
Continuing weakness in the gas market due to a sharp drop indemand prompted Lehman Brothers to lower its gas price forecastsfor the first quarter and for the years 2001 and 2002. However, itmaintained its gas price forecast for 2003 and raised its crude oilprice forecasts.
March 19, 2001
Lehman Shaves Gas Price Forecast
Continuing weakness in the gas market due to a sharp drop indemand prompted Lehman Brothers to lower its gas price forecastsfor the first quarter and for the years 2001 and 2002. However, itmaintained its gas price forecast for 2003 and raised its crude oilprice forecasts.
March 14, 2001
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