GUERNSEY’s economists have provided expert testimony in numerous state and federal regulatory and legal proceedings to report on studies and analytical findings on many issues. As experts the GUERNSEY economists perform independent research and publish in the related sub-fields regarding current industry developments and research methodologies.
In regulatory matters, GUERNSEY’s economists have provided expert testimony before approximately 35 jurisdictions representing parties in such matters as cost of capital, market analyses competitive behavior, changes in supply and economic and regulatory policies. Where beneficial to the economic analysis the economists involve GUERNSEY engineers in such areas as the physical considerations of production, supply alternatives, emerging technologies and changing market structures. GUERNSEY’s economists have performed many analyses for clients involving the valuation of assets for such matters as asset acquisitions and sales and project feasibility.
In legal proceedings GUERNSEY economists have created expert reports for economic losses for use whether it is business valuation, royalty disputes, lost income, personal injury, wrongful death or termination. With industry accepted methods, GUERNSEY economists estimate the present value of past and future lost income and earnings. They have also performed market analysis in complex business litigation in such areas as analysis of market structure and competitive behavior in antitrust proceedings.
In all areas of these assignments, GUERNSEY economists bring their expertise, current research findings and analytical depth to project issues, whether this requires modifying interpretations of Discounted Cash Flow or Capital Asset Pricing Model cost of capital methodologies because of stressed financial markets or improving the accepted measures of market structure and anticompetitive behavior in antitrust analysis. In valuation and market studies GUERNSEY economists often apply advanced econometric and sensitivity analyses to identify and mitigate market and price risks.
GUERNSEY Economists' Leading Edge Research |
IThe Depressed Natural Gas Market Creates Opportunities for Long-Term Price Hedges – Written by: Don Murry () & Zhen Zhu () – As the chart shows, despite the sharp decline in natural gas front month NYMEX prices over the past year, the out-year prices have remained relatively steady. This is an expression of the traders’ expectations of future values compared to the current depressed prices. To the large natural gas consumers currently acquiring supplies for the upcoming peak period, the current prices provide a respite from the higher prices of recent years. However, in addition to the lower current prices, the current-future price differential creates an unusual opportunity for the large consumer to hedge forward prices by taking a position on the supply side and locking in the lower market values. Read the full article here.
|
 |
Angie Salyer
405-416-8203
|
|
|
