Conservatively

Analysts Conservatively Forecast Prices Will Average $3.25 in 2000

With June natural gas futures soaring to a dizzying high of$4.50 last week, projections by Lehman Brothers and Salomon SmithBarney that spot prices will average $3.50 the rest of the yearseem a bit too conservative. A few weeks ago, those price levelswould have seemed astronomical.

May 29, 2000