RESEARCH ALERT-Goldman ups 2008, 2009 Henry Hub price view

Mon Feb 25, 2008 1:59pm GMT
 
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Feb 25 (Reuters) - Goldman Sachs raised its 2008 and 2009 Henry Hub natural gas price forecast citing lower liquefied natural gas imports, greater gas-fired power demand and greater weather-driven demand.

The brokerage raised its Henry Hub natural gas price forecast to $9.75 per million British thermal units (MMBtu) from $8.50 for 2008 and to $10.50 per MMBtu from $10 for 2009.

Goldman said its top picks exposed to gas included Cabot Oil & Gas Corp (COG.N), EOG Resources Inc (EOG.N) and XTO Energy Inc (XTO.N). (Reporting by Nivedita Gupta in Bangalore; Editing by Deepak Kannan)

 

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