Thu Sep 07 08:09:00 CDT 2000
-- November key to natural gas prices, analyst says
With natural gas futures contracts trading for more than $5/Mcf, analysts say November will be the month to watch, now summer demand is passing its peak. If it appears the weather will be warmer than normal, prices could pull back from the $5 level, says Michael Schmitz, an analyst with SalomonSmithBarney, but prices could also spike higher if the weather turns cold. As prices rise, the Natural Gas Council called for a joint meeting between the US and Canada to discuss the supply situation.