Macquarie Tristone: Energy lenders adjust their price decks

摘要

A recent commodity pricing poll survey shows that energy reserve-based lenders have shifted their natural gas price decks higher for 2014 while holding oil decks steady. This is according to Macquarie Tristone's latest "Quarterly Energy Lender Price Survey" of 27 participating regional, U.S. national and international banks that engage in reserve-based lending. For 2014, the first-quarter survey indicates a mean base-case West Texas Intermediate (WTI) oil price forecast of $78.80 per barrel and a mean base-case Henry Hub gas price forecast of $3.48 per million Btu. The survey of Brent-based oil shows a mean base case of $77.21