Great that even their lowered forecast is bullish for PRB coal. In any case it is amazing how wrong they are with their forecasting! And yet people still listen to them and quote their "research note" on message boards :)
Quote from the article
Stronger-than-expected natural gas production levels prompted Goldman Sachs analysts, in a note Monday, to lower their 2013 price forecasts.
Goldman Sachs now expects NYMEX natural gas to average $4.05/MMBtu for the balance of 2013, with third-quarter 2013 prices averaging $3.85/MMBtu and fourth-quarter prices averaging $4.25/MMBtu. Prior price estimates had forecast $4.40/MMBtu for the balance of 2013.