With May natural gas futures prices comfortably trading above $7/MMBtu, some analysts and investment houses are revising some of their projections for the energy industry in 2005. Last week, analysts with Merrill Lynch released their latest commentary, in which they revised commodity price estimates as well as exploration and production (E&P) company earnings estimates.
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Merrill Lynch Analyst Raises 2005 Commodity, EPS Estimates
With May natural gas futures prices comfortably trading above $7/MMBtu, some analyst and investment houses are revising some of their projections for the energy industry in 2005. On Tuesday, analysts with Merrill Lynch released their latest commentary, in which they revised commodity price estimates as well as exploration and production (E&P) company earnings estimates.
March 30, 2005
S&P Sees Gas Prices Moving On Up in 2003; Revises Forecast
Natural gas and oil production companies are sitting rather comfortably as natural gas prices are poised to end 2002 near $5.00/MMBtu and oil prices are clinging to $26/bbl, according to a new report issued by Standard & Poor’s Ratings Services (S&P). The rating agency also said it will increase its 2003 Nymex natural gas pricing estimate from $2.75/MMBtu to $3.00/MMBtu.
December 23, 2002
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