Raymond James Raises 2014 NatGas Prices on Storage Refill Challenge

摘要

Raymond James & Associates Inc. on Tuesday increased its long-term U.S. natural gas price deck by 25 cents to $4.50/Mcf on concerns that the market is underestimating how difficult it will be to refill storage this year. Following the tough winter, producers will have a long slog in restocking gas storage tanks, which should result in higher gas prices later this summer, said J. Marshall Adkins and James Rollyson.