Encana Inc: Natural Gas Prices Will Reach $4

Fox Business reported that according to Encana Inc., natural gas prices will reach $4 per million British thermal units by 2012 end.

As quoted in the market news:

North America’s second-largest natural gas producer said it is “cautiously optimistic” about the beginning of a recovery in natural gas to between $4/MMBtu and $6 MMBtu starting at the end of this year and into early next year.

Click here to read the full Fox Business report.