In what he described as “a contrarian view to what we’re hearing in the marketplace,” Paul Corby, senior vice president of Planalytics Inc., said he thinks natural gas prices could be close to $5.50/MMBtu later this year and possibly as high as $6.50/MMBtu in 2012.
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GasMart 2011: Contrarian Sees Rising Gas Prices This Year
In what he described as “a contrarian view to what we’re hearing in the marketplace,” Paul Corby, senior vice president of Planalytics Inc., said Wednesday he thinks natural gas prices could be close to $5.50/MMBtu later this year and possibly as high as $6.50/MMBtu in 2012.
Kinder: Low Gas Prices Still ‘Very Much a Positive’
The CEO of Kinder Morgan Energy Partners LP (KMP) told energy analysts last week he remains “kind of a contrarian in the long run” when it comes to the current price of natural gas.
Kinder Says Low Gas Prices Still ‘Very Much a Positive’
The CEO of Kinder Morgan Energy Partners LP (KMP) told energy analysts late Wednesday he remains “kind of a contrarian in the long run” when it comes to the current price of natural gas.
Raymond James Bears See Gas Prices Collapsing in Late Summer
Recent weather-driven improvements in the U.S. natural gas market notwithstanding, Raymond James & Associates Inc. energy analysts are holding to their contrarian view on U.S. gas prices. A major gas supply increase this summer, brought on by increased liquefied natural gas (LNG) shipments, “should translate to gas-on-gas competition” later this year.
Raymond James Bears Still Expect Gas Prices to Collapse in Late Summer
Recent weather-driven improvements in the U.S. natural gas market notwithstanding, Raymond James & Associates Inc. energy analysts are holding to their contrarian view on U.S. gas prices. A major gas supply increase this summer, brought on by increased liquefied natural gas (LNG) shipments, “should translate to gas-on-gas competition” later this year.
All Points Join in Further Cold-Influenced Upticks
Rockies points abandoned their contrarian softness tendency from the day before and joined the overall market in across-the-board price gains Tuesday in response to wintry weather engulfing most of the U.S. and Canada. Once again the icy Northeast led the upward charge with varied gains ranging from about a quarter (Texas Eastern M-3) to more than a dollar (Tennessee Zone 6). Otherwise, increases ran from a nickel to a little more than a quarter.
Contrarian’s Rule as Futures Spike on Bearish Storage
Despite the release of a storage report featuring a larger-than-expected 48 Bcf injection, natural gas futures spiked to new 16-month highs Thursday morning amid a frenzy of buying from all market segments — funds, locals and commercials. Modest profit-taking trimmed gains in the afternoon, but the was unable to erase bulls’ work. At $4.299, November finished 7.2 cents higher for the session.
CA Again the Contrarian in Slightly Firmer Market
With California acting as the out-of-step market yet again,overall swing prices ranged from flat to moderately higher Monday,with Pacific Northwest points achieving gains of 12-20 cents. Awinter storm that developed over the Upper Plains during theweekend was moving eastward and was largely responsible for themild post-weekend rally, sources said.
Despite Modestly Bullish Storage Draw, Futures Finish Lower
In a trading session that rewarded the contrarian viewpoint,natural gas futures tumbled lower Wednesday afternoon after traderslearned that the market withdrew a larger-than-expected volume ofgas out of the ground last week. The March contract shuffled 55cents lower during the last 70 minutes of trading yesterday toclose at $5.707, off 39 cents for the day.