Raymond James: Gas Producers Still in the Woods By Long Shot

摘要

In the last few years, Raymond James has become one of the most bearish of voices on Wall Street when it comes to US natural gas price forecasts, and recent comments from the firm's vice president of equity research show that its outlook for the next couple of years is consistent with that reputation. The firm has a track record of undercutting its peers' gasprice forecasts, but that has often been the right call as the widespread application of horizontal drilling and hydraulic fracturing triggered a boom in US gas production that has kept prices below $5/MMBtu for most of the past two years.