Two weeks after raising its U.S. natural gas price deck due to slightly better fundamentals, analysts with Fitch Ratings on Wednesday made the bold statement that they expect natural gas prices to be rangebound over the “next few years.”
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Tight Oil, Liquids Boost U.S. Upstream Spending in 2012
Low natural gas prices didn’t deter U.S. operators from boosting upstream spending in 2012, according to data compiled by Ernst & Young.
S&P: Stuck in the Dry Gas Flatlands
An analysis of natural gas market and gas patch dynamics by analysts at Standard & Poor’s Ratings Services (S&P) yields little reason to be excited about dry natural gas production. And ongoing low natural gas prices won’t be much of a catalyst for opportunistic mergers and acquisitions (M&A), one S&P credit analyst said Wednesday.
S&P: Deep Pockets Affirmed for Sabine LNG Export Plan
Standard & Poor’s Ratings Services (S&P) on Tuesday gave the Sabine Pass facility to export liquefied natural gas (LNG) a strong credit rating and stable outlook, citing its ties to investment-grade companies.
Fitch Cuts U.S. Gas Price Deck for 2012
Fitch Ratings on Wednesday cut its U.S. natural gas price deck for 2012, with the base case Henry Hub (HH) price at $2.75/Mcf, on weak pricing and the prospects of an ongoing oversupply in the domestic markets.
NGL Price Weakness Seen Continuing
Standard & Poor’s Ratings Services (S&P) has revised its natural gas liquids (NGL) pricing assumptions for 2012, 2013 and 2014. And analysts at Wells Fargo Securities last week warned that some might be caught off guard by continuing weakness in the sector.
Encana Clinches $2.9B Cutbank Ridge Deal with Mitsubishi
Japan’s Mitsubishi Corp. is investing $2.9 billion to acquire a 40% stake in Encana Corp.’s Cutbank Ridge leasehold in British Columbia, the companies said Friday. The deal is set to close this month.
Fitch: 2012 Production to Hit New Highs, Prices New Lows
Fitch Ratings on Friday joined a growing list of energy pundits in predicting no letup in North American natural gas production in 2012, low prices or not.
Fitch: 2012 U.S. Gas Prices May Hit ‘Multi-Year Lows’
Fitch Ratings on Friday joined a growing list of energy pundits in predicting no letup in North American natural gas production in 2012, low prices or not.
NGLs Boost Midstream Cash Flows, Says S&P
Analysts at Standard & Poor’s Ratings Service (S&P) are asking themselves the same question that many in the energy industry are: “Will natural gas production ever come down?