POINT OF VIEW - Burlington CFO: More gas business consolidation ahead

This is an interesting time in the natural gas business because the market has moved to a slightly different pricing mechanism where demand is being rationed by price as opposed to a cost-based system, as in the past. In the future the market will balance between those two pricing mechanisms.That is the conclusion of Steven J. Shapiro, executive vice-president and chief financial officer of Houston-based Burlington Resources Inc., who adds: "I think we are in a period of higher volatility on average higher prices, but it makes it more interesting from a company strategy point of view." There will be times when prices are determined by the cost structure of the industry, and there will be ...

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