If 2011 was the "golden age" for propane and other natural gas liquids (NGLs), then 2012 will usher in the dark ages, according to a bearish outlook released by FirstEnergy Capital analyst Steven I. Paget. The Calgary-based analyst cuts the firm's NGL fractionation spread outlook for the second consecutive quarter in a report titled Frac Spread Outlook: Take A Deep Breath, We Believe It Will Get Worse Before It Gets Better. He recalled that FirstEnergy called for NGLs fractionation spreads to decline by 18% in the second quarter. Now the company expects a further drop in the third quarter.
展开▼
机译：根据FirstEnergy Capital分析师史蒂芬·佩吉特（Steven I. Paget）发布的看跌展望，如果说2011年是丙烷和其他天然气液体（NGL）的“黄金时代”，那么2012年将迎来黑暗时代。总部位于卡尔加里的分析师在一份名为《 Frac Spread Outlook：深呼吸，我们相信它会变得更好之前会变得更糟》的报告中，连续第二个季度降低了该公司的NGL分散息差展望。他回忆说，FirstEnergy呼吁第二季度NGL的分离价差下降18％。现在，该公司预计第三季度将进一步下降。
展开▼
