Fadel Gheit
Fadel Gheit
great lost money period traders
Basically, it was a great period for traders - some of them made a lot of money and some of them lost a lot of money.
believe buy downside given greater lack lower oil potential prices risk spare strong supply tight upside
We reiterate our buy rating, as we believe the upside potential is greater than the downside risk from sharply lower oil prices given the strong demand, tight supply and lack of spare capacity.
affected company greater lost production restore volume
The volume of lost production will be significantly greater than that lost under Ivan. Not one company that was affected has been able to restore its production 100 percent.
again dust exceeded katrina match rita terms
I would say we'll probably see $70 (a barrel) again before we see $50 or $55 even. When the dust settles, we'll see that while Rita did not match Katrina in terms of impact, it significantly exceeded what's been reported.
hope longer prices stay trouble
It could be a month, it could be a year, but I hope it's not longer. The longer prices stay high, the more trouble there will be.
demand few given last preview scare
We've given them enough of a scare the last few days, a preview of things to come when demand is not strong,
cannot changes hard line
Because of the changes around the world, you cannot take a very hard line and unwavering view.
bark friday home thinking
Basically, before the hurricane, they went home Friday thinking this thing is going to fizzle out, it's going to bark but it's not going to bite,
continue driving drop guarantee markets oil plenty prices serious stays supply tremendous weather
Barring any serious supply disruption, there is plenty of oil and prices could drop if the weather stays warm. But we have tremendous speculation in the markets driving prices, so there is no way to guarantee they will continue to fall.
bring cents gasoline prices three within
I will say it will bring gasoline prices down substantially within two to three weeks. I would say by 20 cents at least or even more.
activity crude goes happen matter oil prices six stocks until weeks white
But when oil goes up, stocks go down. Crude prices have to crash, but it won't happen until about six weeks after the election. We'll see a lot of activity no matter who's in the White House.
basically crude following sentiment side stocks
Basically the stocks are following the sentiment on the crude side more than anything else. There are no big surprises.
above average both current earnings expect gas given market oil prices record year
Given the current market fundamentals we expect average prices for both oil and gas this year to be significantly above 2005 record levels. As a result, we expect 2006 earnings to be above 2005 record levels.
high keeping potential prices supply
The only thing keeping prices artificially high is the potential for supply disruption, ... Fundamentally, prices should be at $20-to-$25.