Goldman lowers winter US/UK Natural Gas

Not logged in [Log In] [Sign Up] [Points Leaders] [My Profile]

Friday, November 21, 2008 4:46:47 AM

Featured Sponsor

Save 5% on gas Get a 5% rebate on gas purchases with the Discover Card* Click here for more info


Add gas prices to your web site. Click here to find out how!

GasBuddy News Article

Goldman lowers winter US/UK Natural Gas Monday, October 13, 2008
Reuters -- NEW YORK, Oct 13 (Reuters) - Goldman Sachs (GS.N: Quote, Profile, Research, Stock Buzz) said in a commodities research note Monday it was lowering its U.S. and UK natural gas price forecasts on the back of downward revisions to its oil and coal outlooks. "We are lowering our UK NBP price forecast through March 2010, as well as our 2008/2009 winter U.S. natural gas forecast as current credit constraints have exacerbated the global economic slowdown and have significantly damaged the current and forward oil demand outlook," the note said. The lower oil prices led Goldman to revise down its UK NBP prices, which are arbitraged against the (oil-indexed) European Continental prices.
Visit Reuters for full article

Message Forum - Read Message

Category: Daily News Article Discussions > Topics		Add to favorite topics Post New Topic
Rate this topic: Low 1 - 2 - 3 - 4 - 5 High Avg rating: 0.0 (0 votes)

Author	Topic: Goldman lowers winter US/UK Natural Gas	Post a Reply Back to Topics

JT Moderator	Message Posted: 10/13/2008 9:25:56 AM	Ignore JT Report Abuse
	Monday, October 13, 2008 Reuters -- NEW YORK, Oct 13 (Reuters) - Goldman Sachs (GS.N: Quote, Profile, Research, Stock Buzz) said in a commodities research note Monday it was lowering its U.S. and UK natural gas price forecasts on the back of downward revisions to its oil and coal outlooks. "We are lowering our UK NBP price forecast through March 2010, as well as our 2008/2009 winter U.S. natural gas forecast as current credit constraints have exacerbated the global economic slowdown and have significantly damaged the current and forward oil demand outlook," the note said. The lower oil prices led Goldman to revise down its UK NBP prices, which are arbitraged against the (oil-indexed) European Continental prices. Visit Reuters for full article

REPLIES (newest first)

First

Next Last

wtstms Veteran Author West Virginia Posts:471 Points:102,005 Joined:Sep 2007	Message Posted: 10/14/2008 11:25:48 AM	Ignore wtstms Report Abuse
	good
HawaiianGuy Champion Author Idaho Posts:1,374 Points:1,476,365 Joined:May 2003	Message Posted: 10/14/2008 9:51:00 AM	Ignore HawaiianGuy Report Abuse
	Maybe time to consider a natural gas-powered Honda Civic?
zmancbr Veteran Author Colorado Posts:267 Points:64,480 Joined:Jul 2008	Message Posted: 10/14/2008 9:49:09 AM	Ignore zmancbr Report Abuse
	Could be a bit cheaper to heat our houses if NG keeps falling.
wizzard3040 Veteran Author St. Louis Posts:390 Points:168,625 Joined:May 2008	Message Posted: 10/14/2008 9:46:08 AM	Ignore wizzard3040 Report Abuse
	$USD finally has some legs...strength! That will do wonders...Funds seeking some core strenght/safety.
Dennis783 Champion Author Wisconsin Posts:5,603 Points:1,122,945 Joined:Sep 2005	Message Posted: 10/14/2008 9:44:31 AM	Ignore Dennis783 Report Abuse
	That's good as the house I bought uses gas heat
Egaser Veteran Author Atlanta Posts:409 Points:162,765 Joined:Apr 2006	Message Posted: 10/14/2008 9:43:52 AM	Ignore Egaser Report Abuse
	Locking in is a great way to save money,if you are sure of the market.
rbrowdersr All-Star Author Detroit Posts:955 Points:467,975 Joined:Aug 2006	Message Posted: 10/14/2008 9:43:15 AM	Ignore rbrowdersr Report Abuse
	Is this a guess or will Goldman guarantee this?
madyank Rookie Author Baltimore Posts:89 Points:8,030 Joined:Mar 2008	Message Posted: 10/14/2008 9:41:44 AM	Ignore madyank Report Abuse
	Jim621, you're smarter than you think you are! Do you think for ONE MINUTE the suppliers wouldn't hike prices back UP if the normal Lake Erie winter winds blow as cold as they can and do? Lock that price in as low as you can get it - because Glueball Wormening is a myth that just might have worked in your favor, this time! Fingers Crossed for ya, buddy! Good Luck!
ladybugIL Sophomore Author Chicago Posts:236 Points:101,780 Joined:Jul 2008	Message Posted: 10/14/2008 9:39:24 AM	Ignore ladybugIL Report Abuse
	Why should we depend on OPEC? We need to build alternative cars NOW!No more SUVs!
w4kh Champion Author Riverside Posts:3,660 Points:640,945 Joined:May 2004	Message Posted: 10/14/2008 9:38:44 AM	Ignore w4kh Report Abuse
	Good news for folks heating with Natural Gas...
Jim621 Veteran Author Cleveland Posts:467 Points:451,760 Joined:Aug 2005	Message Posted: 10/14/2008 9:37:53 AM	Ignore Jim621 Report Abuse
	Great, right after I just signed a fixed price contract
Gerund1 Champion Author Toronto Posts:1,147 Points:828,105 Joined:Apr 2003	Message Posted: 10/14/2008 9:35:37 AM	Ignore Gerund1 Report Abuse
	Right. Just wait for the first bout of cold weather.
RBimpreza All-Star Author San Diego Posts:763 Points:177,280 Joined:Mar 2008	Message Posted: 10/14/2008 9:35:12 AM	Ignore RBimpreza Report Abuse
	lower now higher next few months
Tanks_alot Veteran Author Rhode Island Posts:375 Points:51,935 Joined:Sep 2008	Message Posted: 10/14/2008 9:34:57 AM	Ignore Tanks_alot Report Abuse
	Now all we have to worry about is the long-range weather forecast.
spunky4443 Champion Author Washington Posts:1,156 Points:456,855 Joined:May 2005	Message Posted: 10/14/2008 9:34:57 AM	Ignore spunky4443 Report Abuse
	Don't have it, so don't really care where the price is!!!!!!!!!
patbob56 Champion Author Colorado Springs Posts:1,746 Points:360,675 Joined:Apr 2006	Message Posted: 10/14/2008 9:32:28 AM	Ignore patbob56 Report Abuse
	hmmm
wizzard1222 Veteran Author St. Louis Posts:392 Points:704,750 Joined:Mar 2006	Message Posted: 10/14/2008 9:31:50 AM	Ignore wizzard1222 Report Abuse
	What it's like to be a big Financial Bank= $10 BIILLION ! Here, take it...it's from your Uncle Sam!
ladybugIL Sophomore Author Chicago Posts:236 Points:101,780 Joined:Jul 2008	Message Posted: 10/14/2008 9:30:48 AM	Ignore ladybugIL Report Abuse
	Things could be much much worse. I am so thankful that the weather is still mild and the gas prices are going down.
hank1326 All-Star Author Los Angeles Posts:505 Points:126,730 Joined:Jun 2008	Message Posted: 10/14/2008 9:30:20 AM	Ignore hank1326 Report Abuse
	Hope this is a positive towards pulling out of the current economy concerns.
SeerLV All-Star Author Las Vegas Posts:537 Points:132,015 Joined:Jun 2008	Message Posted: 10/14/2008 9:28:03 AM	Ignore SeerLV Report Abuse
	It should be lower still
kingpin6 All-Star Author Arkansas Posts:917 Points:229,800 Joined:Jul 2007	Message Posted: 10/14/2008 9:28:00 AM	Ignore kingpin6 Report Abuse
	Sounds good, now hopefully it will work out.
Sentraholic Champion Author Maryland Posts:2,150 Points:506,465 Joined:Nov 2006	Message Posted: 10/14/2008 9:27:47 AM	Ignore Sentraholic Report Abuse
	Goldman Sachs giving investment advice? Didn't they just go belly-up? That's like asking the Buffalo Bills how to win a Super Bowl.
checkum Champion Author St. Louis Posts:1,121 Points:215,845 Joined:Jan 2008	Message Posted: 10/14/2008 9:27:43 AM	Ignore checkum Report Abuse
	lower today, higher tomorrow
esquared Champion Author Oklahoma City Posts:1,406 Points:630,950 Joined:Jan 2006	Message Posted: 10/14/2008 9:27:30 AM	Ignore esquared Report Abuse
	Most Oklahomans heat their homes with natural gas, and we've been forewarned to expect a jump in prices this winter, the article above notwithstanding.
gaschicCT Sophomore Author Hartford Posts:228 Points:58,365 Joined:Apr 2008	Message Posted: 10/14/2008 9:26:52 AM	Ignore gaschicCT Report Abuse
	I'm not sure I would trust ANYTHING Goldman Sachs says...
nyacoub1 All-Star Author Chicago Posts:815 Points:60,130 Joined:May 2007	Message Posted: 10/14/2008 9:26:14 AM	Ignore nyacoub1 Report Abuse
	interesting.
no_monkey2002 All-Star Author Tallahassee Posts:854 Points:534,360 Joined:Mar 2006	Message Posted: 10/14/2008 9:25:57 AM	Ignore no_monkey2002 Report Abuse
	What we need now is a warm winter...Fall down and pray...JESUS is comeing
traindude All-Star Author Virginia Beach Posts:561 Points:182,120 Joined:Jun 2007	Message Posted: 10/14/2008 9:25:44 AM	Ignore traindude Report Abuse
	good i guess. the fact is that they could forecast the prices as high as they want. if people want to heat their homes this winter, they'll pay it. sad but true
tomok Champion Author Portland Posts:9,630 Points:719,110 Joined:Aug 2006	Message Posted: 10/14/2008 9:23:07 AM	Ignore tomok Report Abuse
	Goldman Sachs needs to revise Goldman Sachs. Manipulate it to lower natural gas prices, fuel prices, etc. and conserve.
Yonkers111 Champion Author Scranton Posts:3,004 Points:217,135 Joined:Apr 2007	Message Posted: 10/14/2008 9:21:59 AM	Ignore Yonkers111 Report Abuse
	In the (fuel) oil business, it was always said you can't have a good winter season (business) without a cold December. We'll see. October here is slightly above normal as of 10/13 but a ways to go still.
eaglev All-Star Author Oklahoma City Posts:978 Points:332,145 Joined:Jul 2005	Message Posted: 10/14/2008 9:21:19 AM	Ignore eaglev Report Abuse
	We have been warned here that natural gas prices are up about 40% from last year and they were up 50% from the year before.
amacquarrie Veteran Author Nevada Posts:333 Points:77,235 Joined:Jun 2008	Message Posted: 10/14/2008 9:21:15 AM	Ignore amacquarrie Report Abuse
	Keep going down
NavyEOD Champion Author Los Angeles Posts:1,961 Points:431,390 Joined:Jul 2007	Message Posted: 10/14/2008 9:20:44 AM	Ignore NavyEOD Report Abuse
	Lower prices, thats good.
Don20 Champion Author Oklahoma City Posts:1,525 Points:1,013,770 Joined:Mar 2005	Message Posted: 10/14/2008 9:18:44 AM	Ignore Don20 Report Abuse
	That is good new for folks that heat their homes with natural gas..
rockinrog All-Star Author Ontario Posts:843 Points:681,680 Joined:May 2006	Message Posted: 10/14/2008 9:18:21 AM	Ignore rockinrog Report Abuse
	good
tigeriz Veteran Author Maine Posts:302 Points:73,145 Joined:Aug 2008	Message Posted: 10/14/2008 9:18:12 AM	Ignore tigeriz Report Abuse
	The only forecasters we should have is when it comes to the weather. Oil is actually something that man can control.
Br549oks Champion Author Kansas Posts:3,902 Points:847,245 Joined:Nov 2005	Message Posted: 10/14/2008 9:18:11 AM	Ignore Br549oks Report Abuse
	Glad to hear that. maybe we can stay warm this winter.
AnObserver Champion Author New Jersey Posts:1,609 Points:859,315 Joined:Sep 2005	Message Posted: 10/14/2008 9:18:10 AM	Ignore AnObserver Report Abuse
	prudent decision
USAFA82 Champion Author Colorado Springs Posts:1,521 Points:259,545 Joined:Feb 2008	Message Posted: 10/14/2008 9:15:46 AM	Ignore USAFA82 Report Abuse
	Good news. Maybe my city's utility company can lock in some good long-term contracts.
JWTH531 Veteran Author Greensboro Posts:475 Points:77,945 Joined:Aug 2008	Message Posted: 10/14/2008 9:15:31 AM	Ignore JWTH531 Report Abuse
	Glad to see the speculators on Wall Street are finding it harder to make a buck
ww2gas All-Star Author Virginia Posts:505 Points:232,580 Joined:May 2007	Message Posted: 10/14/2008 9:14:37 AM	Ignore ww2gas Report Abuse
	Lemonade from the lemons to be sure.
t4204life Champion Author Ohio Posts:4,292 Points:852,685 Joined:Jun 2006	Message Posted: 10/14/2008 9:14:32 AM	Ignore t4204life Report Abuse
	more good news.
Lonewolftx Champion Author Houston Posts:5,714 Points:1,125,010 Joined:Sep 2005	Message Posted: 10/14/2008 9:12:11 AM	Ignore Lonewolftx Report Abuse
	how nice for us . . .
montana920 Sophomore Author Chicago Posts:224 Points:41,515 Joined:Oct 2008	Message Posted: 10/14/2008 9:10:24 AM	Ignore montana920 Report Abuse
	or will the oil and gas companies keep the difference for themselves?
Wolfwings All-Star Author Delaware Posts:843 Points:251,365 Joined:May 2004	Message Posted: 10/14/2008 9:09:22 AM	Ignore Wolfwings Report Abuse
	Hmmm. . . . aren't these the same folks(oil commodities) who started us on the road to the current "bailout"?
NYRfan Sophomore Author Cincinnati Posts:157 Points:123,520 Joined:Jul 2006	Message Posted: 10/14/2008 9:08:51 AM	Ignore NYRfan Report Abuse
	nice to see posts like this. that future costs are going down too.
gasman50 Champion Author Portland Posts:1,315 Points:820,515 Joined:Nov 2005	Message Posted: 10/14/2008 9:08:40 AM	Ignore gasman50 Report Abuse
	Keep that heat turned down!!!
tbybee Veteran Author Omaha Posts:297 Points:108,600 Joined:Apr 2008	Message Posted: 10/14/2008 9:08:13 AM	Ignore tbybee Report Abuse
	But will the lower cost actually make it to the customer?
iluna All-Star Author Colorado Springs Posts:502 Points:86,575 Joined:Jun 2007	Message Posted: 10/14/2008 9:08:05 AM	Ignore iluna Report Abuse
	"current credit constraints have exacerbated the global economic slowdown and have significantly damaged the current and forward oil demand outlook" Ya' think??!!
JPGKC Champion Author Tampa Posts:3,164 Points:572,050 Joined:Sep 2006	Message Posted: 10/14/2008 9:07:42 AM	Ignore JPGKC Report Abuse
	Times are hard so people will continue to conserve...