John Segner Quotations

Most people don't own very much (of gold), and they don't particularly understand it very well.

OPEC has publicly said if needed it would increase production. It's not in their interests to become unreliable.

You'll see increased capital spending. Even if oil does go to $50 a barrel, these companies are going to show net earnings growth year over year.

We have lost a significant amount of capacity out of the Gulf.

Even if growth slows, we're not going to have significant additions to capacity in the next 12 months.

The risk premium for crude oil just went up.

These stocks were grossly oversold last year and the first quarter of 1999, to be perfectly frank. People were too negative and they were throwing out the fact that we do need energy in our society.

They're cheaper than oil drillers and services, and they pay a decent dividend.

I'm very optimistic for the next 18 to 24 months.

You clearly want to be invested in the group.