Energy Industry Report: Energy Perspectives - August 2012
Now that we are well beyond mid-year 2012, we thought it would be interesting to take a look back at the large financial institutions commodity pricing forecasts from our February issue of Energy Perspectives and compare the information to the updated crude oil and natural gas forecasts for the year.
This edition of Energy Perspectives includes:
- Discussion of Analysts’ views of current and 2013 forecasted prices of crude oil and natural gas
- Public trading data across the energy sector
- Recent energy sector M&A transactions
Of the twelve institutions tracked, all but one have adjusted their crude oil prices downward. Overall, oil price expectations were revised downward approximately 9% to $94.20 per barrel. The current 2013 oil price outlook for the group averages a modest price improvement to $96.00 per barrel, representing less than a 2% increase.
This group forecasts an average improvement of close to 27% for natural gas in 2013 ($3.60 per thousand cubic feet or MCF). However, this forecasted improvement may be the direct result of a 21% reduction, to $2.80 per MCF, in their forecast for 2012 since our February report. The general outlook among this group is that natural gas prices will rebound in 2013 to close to their original 2012 forecasted natural gas price of $3.70 per MCF.
Stay Ahead with Kroll
Mergers and Acquisitions (M&A) Advisory
Kroll’s top ranked M&A Advisory practice spans sell-side, buy-side, due diligence, deal strategy and structuring, and capital raising.
Transaction Advisory Services
Kroll’s Transaction Advisory Services platform offers corporate and financial investors with deep accounting and technical expertise, commercial knowledge, industry insight and seamless analytical services throughout the deal continuum.
Financial Sponsors Group
Dedicated coverage and access to M&A deal-flow for financial sponsors.
Distressed M&A and Special Situations
Kroll professionals have advised hundreds of companies, investors and other stakeholders at all stages of distressed transactions and special situations.