Goldman lowers winter US/UK Natural Gas

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Wednesday, November 19, 2008 6:12:02 PM

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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.
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JT Moderator	Message Posted: 10/13/2008 10:25:56 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

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wtstms Veteran Author West Virginia Posts:469 Points:101,115 Joined:Sep 2007	Message Posted: 10/14/2008 12:25:48 PM	Ignore wtstms Report Abuse
	good
HawaiianGuy Champion Author Idaho Posts:1,369 Points:1,474,640 Joined:May 2003	Message Posted: 10/14/2008 10:51:00 AM	Ignore HawaiianGuy Report Abuse
	Maybe time to consider a natural gas-powered Honda Civic?
zmancbr Veteran Author Colorado Posts:262 Points:63,505 Joined:Jul 2008	Message Posted: 10/14/2008 10:49:09 AM	Ignore zmancbr Report Abuse
	Could be a bit cheaper to heat our houses if NG keeps falling.
wizzard3040 Veteran Author St. Louis Posts:380 Points:166,675 Joined:May 2008	Message Posted: 10/14/2008 10:46:08 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:5,598 Points:1,121,970 Joined:Sep 2005	Message Posted: 10/14/2008 10:44:31 AM	Ignore Dennis783 Report Abuse
	That's good as the house I bought uses gas heat
Egaser Veteran Author Atlanta Posts:409 Points:162,015 Joined:Apr 2006	Message Posted: 10/14/2008 10:43:52 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:950 Points:467,000 Joined:Aug 2006	Message Posted: 10/14/2008 10:43:15 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 10:41:44 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:231 Points:100,655 Joined:Jul 2008	Message Posted: 10/14/2008 10:39:24 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:3,655 Points:639,970 Joined:May 2004	Message Posted: 10/14/2008 10:38:44 AM	Ignore w4kh Report Abuse
	Good news for folks heating with Natural Gas...
Jim621 Veteran Author Cleveland Posts:462 Points:451,235 Joined:Aug 2005	Message Posted: 10/14/2008 10:37:53 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 10:35:37 AM	Ignore Gerund1 Report Abuse
	Right. Just wait for the first bout of cold weather.
RBimpreza All-Star Author San Diego Posts:758 Points:176,305 Joined:Mar 2008	Message Posted: 10/14/2008 10:35:12 AM	Ignore RBimpreza Report Abuse
	lower now higher next few months
Tanks_alot Veteran Author Rhode Island Posts:370 Points:50,960 Joined:Sep 2008	Message Posted: 10/14/2008 10:34:57 AM	Ignore Tanks_alot Report Abuse
	Now all we have to worry about is the long-range weather forecast.
spunky4443 Champion Author Washington Posts:1,151 Points:455,880 Joined:May 2005	Message Posted: 10/14/2008 10:34:57 AM	Ignore spunky4443 Report Abuse
	Don't have it, so don't really care where the price is!!!!!!!!!
patbob56 Champion Author Colorado Springs Posts:1,741 Points:359,700 Joined:Apr 2006	Message Posted: 10/14/2008 10:32:28 AM	Ignore patbob56 Report Abuse
	hmmm
wizzard1222 Veteran Author St. Louis Posts:382 Points:702,800 Joined:Mar 2006	Message Posted: 10/14/2008 10:31:50 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:231 Points:100,655 Joined:Jul 2008	Message Posted: 10/14/2008 10:30:48 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:500 Points:125,755 Joined:Jun 2008	Message Posted: 10/14/2008 10:30:20 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:532 Points:131,040 Joined:Jun 2008	Message Posted: 10/14/2008 10:28:03 AM	Ignore SeerLV Report Abuse
	It should be lower still
kingpin6 All-Star Author Arkansas Posts:912 Points:228,825 Joined:Jul 2007	Message Posted: 10/14/2008 10:28:00 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 10:27:47 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:1,116 Points:214,770 Joined:Jan 2008	Message Posted: 10/14/2008 10:27:43 AM	Ignore checkum Report Abuse
	lower today, higher tomorrow
esquared Champion Author Oklahoma City Posts:1,401 Points:629,975 Joined:Jan 2006	Message Posted: 10/14/2008 10:27:30 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 10:26:52 AM	Ignore gaschicCT Report Abuse
	I'm not sure I would trust ANYTHING Goldman Sachs says...
nyacoub1 All-Star Author Chicago Posts:810 Points:59,905 Joined:May 2007	Message Posted: 10/14/2008 10:26:14 AM	Ignore nyacoub1 Report Abuse
	interesting.
no_monkey2002 All-Star Author Tallahassee Posts:849 Points:533,385 Joined:Mar 2006	Message Posted: 10/14/2008 10:25:57 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:554 Points:181,670 Joined:Jun 2007	Message Posted: 10/14/2008 10:25:44 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:9,600 Points:718,135 Joined:Aug 2006	Message Posted: 10/14/2008 10:23:07 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:2,982 Points:215,410 Joined:Apr 2007	Message Posted: 10/14/2008 10:21:59 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:973 Points:331,170 Joined:Jul 2005	Message Posted: 10/14/2008 10:21:19 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:328 Points:76,260 Joined:Jun 2008	Message Posted: 10/14/2008 10:21:15 AM	Ignore amacquarrie Report Abuse
	Keep going down
NavyEOD Champion Author Los Angeles Posts:1,956 Points:430,415 Joined:Jul 2007	Message Posted: 10/14/2008 10:20:44 AM	Ignore NavyEOD Report Abuse
	Lower prices, thats good.
Don20 Champion Author Oklahoma City Posts:1,520 Points:1,012,795 Joined:Mar 2005	Message Posted: 10/14/2008 10:18:44 AM	Ignore Don20 Report Abuse
	That is good new for folks that heat their homes with natural gas..
rockinrog All-Star Author Ontario Posts:833 Points:679,730 Joined:May 2006	Message Posted: 10/14/2008 10:18:21 AM	Ignore rockinrog Report Abuse
	good
tigeriz Veteran Author Maine Posts:302 Points:73,145 Joined:Aug 2008	Message Posted: 10/14/2008 10:18:12 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:3,897 Points:845,395 Joined:Nov 2005	Message Posted: 10/14/2008 10:18:11 AM	Ignore Br549oks Report Abuse
	Glad to hear that. maybe we can stay warm this winter.
AnObserver Champion Author New Jersey Posts:1,604 Points:858,340 Joined:Sep 2005	Message Posted: 10/14/2008 10:18:10 AM	Ignore AnObserver Report Abuse
	prudent decision
USAFA82 Champion Author Colorado Springs Posts:1,513 Points:258,570 Joined:Feb 2008	Message Posted: 10/14/2008 10:15:46 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:450 Points:75,995 Joined:Aug 2008	Message Posted: 10/14/2008 10:15:31 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:500 Points:231,605 Joined:May 2007	Message Posted: 10/14/2008 10:14:37 AM	Ignore ww2gas Report Abuse
	Lemonade from the lemons to be sure.
t4204life Champion Author Ohio Posts:4,287 Points:851,710 Joined:Jun 2006	Message Posted: 10/14/2008 10:14:32 AM	Ignore t4204life Report Abuse
	more good news.
Lonewolftx Champion Author Houston Posts:5,709 Points:1,124,035 Joined:Sep 2005	Message Posted: 10/14/2008 10:12:11 AM	Ignore Lonewolftx Report Abuse
	how nice for us . . .
montana920 Sophomore Author Chicago Posts:219 Points:40,540 Joined:Oct 2008	Message Posted: 10/14/2008 10:10:24 AM	Ignore montana920 Report Abuse
	or will the oil and gas companies keep the difference for themselves?
Wolfwings All-Star Author Delaware Posts:838 Points:249,640 Joined:May 2004	Message Posted: 10/14/2008 10:09:22 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:152 Points:122,545 Joined:Jul 2006	Message Posted: 10/14/2008 10:08:51 AM	Ignore NYRfan Report Abuse
	nice to see posts like this. that future costs are going down too.
gasman50 Champion Author Portland Posts:1,314 Points:819,645 Joined:Nov 2005	Message Posted: 10/14/2008 10:08:40 AM	Ignore gasman50 Report Abuse
	Keep that heat turned down!!!
tbybee Veteran Author Omaha Posts:292 Points:107,625 Joined:Apr 2008	Message Posted: 10/14/2008 10:08:13 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 10:08:05 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:3,159 Points:571,075 Joined:Sep 2006	Message Posted: 10/14/2008 10:07:42 AM	Ignore JPGKC Report Abuse
	Times are hard so people will continue to conserve...