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Natural Resource Partners LP Message Board

  • jrad52 jrad52 Oct 7, 2013 3:12 PM Flag

    Credit Suisse nat gas forecast

    CS came out with a new forecast for nat gas prices over the next 3 years. They show $ 3.90 average for 2014, $ 4.20 for 2015 and $ 4.40 for 2015. Those numbers are about 30 cents lower than CS's last forecast, and lower than consensus and IHS forecasts. I suspect the forecasts are all pretty worthless, except that they show the numbers that today's investors are using. And those numbers aren't good for thermal coal.

    I would think we will get some spikes and drops in the numbers over the years, but I would have to think that nat gas producers will shut in wells big time if the CS forecasts are right. And that, of course, would make the forecasts wrong. But for now, I don't see much good news in the story for coal.

    FWIW

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