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Gold/Mining/Energy : Anyone following UTI Energy Corp.?

UTI 22.65

-3.5%

Nov 21 9:30 AM EST

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To: Nazbuster who wrote (507)	4/22/1998 8:14:00 AM
From: Harold S.	Read Replies (1) of 1305

Natural Gas News Tuesday April 21, 11:43 pm Eastern Time RESEARCH ALERT - DMG raises U.S. natgas outlook NEW YORK, April 21 (Reuters) - Deutsche Morgan Grenfell analyst Michael Young has raised his U.S. natural gas price forecast for 1999 by $0.35 to $2.50 per million British thermal units and is looking for $2.70 in the year 2000. -- Young said in a research report that U.S. natural gas demand could surge by 700 billion cubic feet to 23 bcf in 1999 as the economy keeps on a growth track and winter temperatures return to normal after the El Nino effect. -- He sees natural gas supplies diminishing and producers cut capital spending plans due to lower cash flow. -- Says that Canadian imports are not a threat, noting that it seems likely the Viking Voyager pipeline will be canceled.

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