http://ift.tt/1sHX1gh
We expect lower crude oil prices to weigh on the company’s year-on-year earnings growth. The average West Texas Intermediate crude oil spot price declined by almost 8% year-on-year during the third quarter on rising supplies and falling global demand growth estimates. However, spot Henry Hub natural gas prices were up more than 11% y-o-y during the last three months, which should partially offset the impact of lower crude oil prices. In addition to higher natural gas prices in the U.S., we expect Anadarko to also benefit from better sales volume mix compared to last year.
from Forbes Real Time http://onforb.es/1siaXaG
We expect lower crude oil prices to weigh on the company’s year-on-year earnings growth. The average West Texas Intermediate crude oil spot price declined by almost 8% year-on-year during the third quarter on rising supplies and falling global demand growth estimates. However, spot Henry Hub natural gas prices were up more than 11% y-o-y during the last three months, which should partially offset the impact of lower crude oil prices. In addition to higher natural gas prices in the U.S., we expect Anadarko to also benefit from better sales volume mix compared to last year.
from Forbes Real Time http://onforb.es/1siaXaG
