Oil and Gas prices

[dan_s]

From Morgan Stanley Energy Sector Team:

2014 price deck: oil up, gas down. Our commodity strategist
lowered Henry Hub gas to $3.50 from $4.00 on his expectation
of robust supply growth next year, particularly from the
Marcellus and Utica. He raised his WTI oil forecast to $100
from $95, primarily on his expectation for narrow Brent-WTI
differentials.
Most out-of-consensus calls for 3Q13 earnings: XEC could
beat on higher oil production; COG will likely beat production
estimates but they and RRC will likely miss on cash flow due to
wider Marcellus basis; BBG could miss production estimates;
EQT will likely beat production guidance.