In a research note Monday, Societe Generale analyst Breanne Dougherty said her firm was bullish on US natural gas prices in the near-term with a forecast for the first quarter of 2018 at $3.48/MMBtu and second quarter 2018 at $3.27/MMBtu.
However, she said Societe Generale sees renewed downside pressure in 2019/2020, pushing Henry Hub prices back below $3/MMBtu.
Platts' price forecast, too, is bullish in the short-term, but moderating over the longer term.
"We expect based on normal weather that these prices aren't high enough to motivate the producer community," McKay said. "We have already seen rig counts level off and drop a little bit."
Read: https://www.platts.com/latest-news/natu ... g-21137599
Natural Gas Price Forecasts
Natural Gas Price Forecasts
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group