Even with the massive 1 Tcf storage surplus compared to last year’s levels, UBS Warburg’s ever-bullish analyst, Ron Barone, said he expects gas prices to go up and demand to go unsupplied in the not so distant future due to dwindling reserves and declining drilling rig utilization.
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Articles from Warburg
Barone: Decline in Reserves and Drilling to Increase Gas Prices
Even as the natural gas storage situation in the United States remains quite healthy, UBS Warburg analyst Ron Barone said he expects gas prices to go up and demand to go unsupplied in the not so distant future, due to dwindling reserves and a decline in drill rig utilization.
February 13, 2002
Natural Gas Spot Price Slide Continues
Joining the growing list of concerned analysts, UBS Warburg’s Ronald Barone said last week he expects to lower his natural gas price forecasts again this week and cut earnings projections for multiple energy companies in light of lower prices and the downturn in the economy.
October 1, 2001
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