Analysts divided on gas price outlook

12/05/2005
Financial analysts differ over whether natural gas prices are going up or coming down and how the market may react to them.“High natural gas prices-double what they were a year ago and six times the price of 7 years ago-have taken a significant toll on the US industrial sector,” said Ronald J. Barone, a managing director of equity research with UBS Securities LLC, New York, in a Nov. 18 report. “Soaring energy costs have become the largest expense for many companies, forcing them to take drastic measures to stay in business such as shutting down plants, rotating employees, or laying them off permanently.”He cited Dow Chemical Co., which “laid off 7,000 of its...
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