The market may have given up on a 2010 recovery in natural gas prices, but “we think it’s still to early to punt,” analysts with Tudor, Pickering, Holt & Co. Securities Inc. (TPH) said Wednesday.
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Next 40 Days to Move ‘Confidence Needle’ on Gas Markets, Say Analysts
The market may have given up on a 2010 recovery in natural gas prices, but “we think it’s still to early to punt,” analysts with Tudor, Pickering, Holt & Co. Securities Inc. (TPH) said last week.
Signals Point to Higher Gas Prices by Early 2010, Say Analysts
All signs point to higher natural gas prices in early 2010, the energy team at Tudor, Pickering, Holt & Co. Securities Inc. (TPH) said Tuesday. According to TPH models, the plunge in drilling activity from the peak in 3Q2008 should result in wellhead supply declining by 5 Bcf/d, or 8%, at the end of 2009 from year-end 2008.
North American Gas Output ‘Headed South’ by 2010, Says Chesapeake CEO
If the U.S. natural gas rig count this year remains at around 700 and Canada has about 50 gas rigs running, North American gas production by early 2010 “will be 10% lower and headed south pretty quickly,” Chesapeake Energy Corp. CEO Aubrey McClendon said Tuesday.