Consultants at Friedman Billings Ramsey (FBR) have raised their natural gas price forecasts for 2003, 2004 and 2005 based on the conclusion that total natural gas supply will fall about 3.6 Bcf/d short of demand by 2005. FBR concludes that amount of demand will have to be priced out of the market, and the industrial sector will suffer the most.
Friedman
Articles from Friedman
Analyst: Gas Outlook Favors HS Resources
Friedman, Billings, Ramsey & Co. Inc. initiated coverage ofHS Resources with a “buy” rating and a 12-month price target of $30based on expectations for strong summer gas prices. In a 16-pageresearch report, FBR senior research analyst David Khani identifiedHS as the dominant oil and gas producer in the Denver-Julesberg(D-J) Basin.
April 7, 2000
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