Greetings and welcome to the Southwestern Energy's Third Quarter 2013 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. As a reminder, this conference is being recorded.
The author does not own any of the stocks or funds mentioned above.
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Energy Sector The median stock in the energy sector trades right at our fair value estimate. We made several changes to our pricing assumptions in 2006, all of which increased our fair values for the companies affected. • Natural Gas. In February we raised our midcycle price assumption for the ...