AJM: Canadian natural gas pushed out of U.S. markets

摘要

North American natural gas over-supply and the strong Canadian dollar have prompted Calgary-based AJM Petroleum Consultants to lower its price forecast for Canadian gas prices. In its quarterly domestic oil and gas price forecast issued at year-end 2010,AJM maintained its gas-price forecast at C$4.10 per thousand cubic feet (Mcf) for 2011, but lowered its prediction for 2012 to C$4.50 per Mcf from the C$4.70 anticipated in its prior forecast.