Energy analysts are offering no good news to gas bulls that had toasted to the hope for a prosperous new year in 2011.
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Decline Rates Give Rise to Bullishness, Say Raymond James Analysts
Much is said, and often, about how escalating decline rates have cast U.S. gas producers onto an ever-accelerating treadmill. In the latest “Stat of the Week” from Raymond James & Associates Inc., a trio of analysts points at decline rates with alarm and, of course, bullishness. “The treadmill is running too fast,” the analysts say, while conceding that this view is a contrarian one in some quarters.
November 28, 2006