Exelon (EXC) CEO Chris Crane expects U.S. natural gas prices to rise to $4-$6/million BTUs and a...

Exelon (EXC) CEO Chris Crane expects U.S. natural gas prices to rise to $4-$6/million BTUs and a similar increase in power prices by 2015, which could help boost the bottom line of EXC and its rivals. Crane notes prices have stayed relatively the same for months, but he expects more buyers to enter the wholesale power markets in 2015 as the effect of coal plant shutdowns hits the market.

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Comments (5)
  • Bob de'Long
    , contributor
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    Your link is to a subscription-only site.


    CEO Crane is off his rocker if he thinks natural gas will be above $4 for long. It may bounce above $4 from time to time and then be jammed back down toward $3 by a drilling boom.


    7 Feb 2013, 05:57 PM Reply Like
  • HoldAndBuyInvestor
    , contributor
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    You forgot the export part.
    7 Feb 2013, 06:03 PM Reply Like
  • Joe_G
    , contributor
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    I wouldn't put too much hope in LNG exports to lift NG prices anytime soon. Cheniere is the only firm to have been granted an LNG export license and that export terminal won't be up and running until at least the end of 2015.


    We're looking at at least another 2 or 3 years of cheap natural gas. So the question for Exelon investors is do we accept the measly 4% dividend as compensation for waiting through several years of declining revenue and probably zero capital appreciation on the hope that maybe we'll see some progress in 2016? Or do we cut our losses, sell our positions and deploy our cash elsewhere? I haven't decided which way to go but I'm leaning towards the latter.
    7 Feb 2013, 09:25 PM Reply Like
  • 2cashcow
    , contributor
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    It is very possible that, despite the best efforts of the admin to discourage its growth, an awakening will occur and the vast hordes will realize the HUGE resource that exists in nat gas.
    This would greatly improve the lot of EXC.
    8 Feb 2013, 12:29 AM Reply Like
    , contributor
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    Also much of the elec. gen places in NE still running on Heating Oil to fire their boilers in stead of NG. so that switch is going to come pretty soon as heating oil is way up and getting worse.


    What I'm failing to understand is the (EXC) keeps saying Nuc Fuel rod costs are increasing? This CAN'T be true most of the global nuclear fuel users (Japan, Germany & others) are all OFF the fuel with their Nuc Generation plants shut down for 2 years now. THAT should me an EXCESS of Nuc Fuel available which should drop the prices (Supply & Demand) but then we see how well supply & demand for gas is working in USA too... (Though I dont think there are speculators in nuclear fuel.)


    The only think I saw that has not been mentioned was the buyouts of the pension plans which is great at cutting long term costs and put a big dent in this quarters earnings (and much of the miss in the whisper number.) Going forward this will HELP but I think they would have better served the shareholders by beating the whisper number this quarter. I also would have expected better $ from the CEG & EXC merger.


    8 Feb 2013, 09:53 AM Reply Like
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