Consultants at Freedman Billings Ramsey (FBR) in Northern Virginia see only a slight increase in drilling and gas production as a result of the proposal released last week by the Minerals Management Service (MMS) to reduce royalties on deep shelf Gulf of Mexico gas production (see Daily GPI, March 27).
Ramsey
Articles from Ramsey
FBR Consultants Predict 3.6 Bcf/d Supply-Demand Imbalance Through 2005
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.
FBR Consultants Predict 3.6 Bcf/d Supply-Demand Imbalance Through 2005
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.
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.