Despite the moderating tropical weather picture, Raymond James analyst J. Marshall Adkins said the natural gas bulls have room to roam if the BTU-parity price ratio between natural gas and oil is a valid indicator. The analyst is expecting a full-year 2006 price of $7.54/MMBtu and a full-year 2007 price of $10/MMBtu.
Roam
Articles from Roam
Bullish Storage Number Leaves Bulls Free to Roam
Coming in below most industry estimates, the Energy Information Administration’s (EIA) bullish natural gas storage report Thursday morning kick-started the sputtering August natural gas futures contract. Sparked by the first bullish report in many weeks, the prompt month rallied to close at $6.152, up 22.1 cents on the day. The rally saw heavy volume as 103,180 contracts changed hands.
July 27, 2004
Market Stays Soft With Few Positive Signs in Sight
Bears continued to roam the gas price woods Tuesday in nearly all markets. Overly warm and power-short California was the major exception where prices for deliveries at the PG&E Citygate and at the Southern Border into PG&E were up sharply.
May 9, 2001
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