From a piece in Financial Times 15/07 from Ed Crooks- "The price of natural Gas in continental Europe is to double in the space of a year as a result of the rise in oil prices,according to a leading consultancy"-"european gas prices typically follow the price of oil with a lag of about 9 months " and "According to Cambridge Energy Research Associates[Cera],a US based consultancy,the rise in the oil price from about $70 a barrel a year ago to about $145 today will result in the gas price rising from about $350 per thousand cubic metres at the start of the year to to about $730 by April 2009". Can anyone relate this to to EPG's price outlook in a similar timefame ?
EPG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held