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Top energy analyst: Natural gas prices could fall for the next 18 months
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Thursday, September 02, 2010
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From Resource Investor:

First Energy analyst Martin King - whom I believe has called the natural gas market in North America better than anybody over the last two years - gave up on the likelihood of higher natural gas prices for the next 18 months in a report today.

“Let us reiterate: placing money in the natural gas investment space, aside from special one-time circumstances, is likely to be dead on arrival” he wrote. He lowered his forecast for prices in the US for 2010 by 40 cents per million BTU, and in 2011 by a full dollar per million BTU (Mmbtu).

Back in February 2009, he was one of the very few calling for a spring rally in gas prices…

Read full article…

More on nat gas:

A strange development in the natural gas market

Top investor Gabelli is making a huge bet on natural gas

Why you should own the No. 1 natural gas producer in the U.S.

Topics: Energy | Commodities
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