simmons & company international energy industry research david pursell dpursell simmonsco intl com february 9 2000 north american natural gas and 2001 outlook price forecast 0 1 2 3 4 1q94 3q94 1q95 3q95 1q96 3q96 1q97 3q97 1q98 3q98 1q99 3q99 1q00e 3q00e 1q01e 3q01e nymex mcf 1994 99 historic average 18 01forecast 55 sources bloomberg co summary we have initiated a which reflects our positive for the supply demand fundamentals project an of 50 increasing to 60 in are optimistic about near term prices due favorable including increased fired merchant electrical generation improving industrial continued side treadmill us production will be flat with 1999 levels assuming directed rig count stays around 625 rigs also canadian imports increase by 400 mmcf per day primarily from sable island eastern canada
