Cold winter weather in the eastern U.S. has pushed natural gas futures above $4/mmbtu, but ISI's...

|By:, SA News Editor

Cold winter weather in the eastern U.S. has pushed natural gas futures above $4/mmbtu, but ISI's Jonathan Wolf sees prices declining to $3.50, citing not just the onset of warmer weather but high supply and limited near-term coal-to-gas switching. Tudor Pickering also is cool to jumping into gas-focused energy firms, since "bad things start happening (less demand and more rigs/supply)" when gas rises above $4.