Canadian Oil & Gas Companies Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Canadian Oil & Gas Companies

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Crane who wrote (9346)	10/25/2002 2:46:09 PM
From: teevee	Read Replies (1) of 24905

CNQ? I have heard price targets as low as around $23... Washington (Platts)--22Oct2002 Lehman Brothers said Tuesday that natural gas production from Canada's once-prolific Ladyfern play is "declining even more quickly than we thought it would. As a result, Lehman dropped its production estimate for Canadian Natural Resources, the major Ladyfern producer, by 2.5% for both 2003 and 2004. The lowered estimates also take into account a more conservative Canadian gas-production outlook, the analyst noted. CNR is being hit with a continued influx of water into its Ladyfern wells, Lehman said. Production from Ladyfern, which peaked at 700,000 Mcf/d, will exit the year at just 100,000 Mcf/d and will decline to roughly 20,000 Mcf/d by the end of next year, the analyst predicted. This story was first published in Platts real-time news and market reporting service Natural Gas Alert.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next