Fadel Gheit
Fadel Gheit
continue good hitting likely news
They were hitting on all cylinders. ... It's good news for Exxon shareholders and likely to continue in '06.
advice almost bad breakup deal either good handled pay pocket poor strategy threw
CNOOC handled it very badly, with poor strategy and poor decision-making. They had the deal almost in their back pocket but they threw it away, insisting Unocal pay Chevron the breakup fee. Either they got bad advice or they didn't take good advice.
biggest disaster happened lack
The biggest disaster was the lack of information: The refineries - are they up or down? What happened to the platforms?
insulated rest
We are not insulated from the rest of the world, like it or not.
iran prices resolved unless until
Until and unless the stalemate with Iran is resolved one way or the other, I think we're going to see prices higher.
companies cuts job merge option seek
The only option for these companies is to merge and seek yet more job cuts and savings.
movies perfect rally watching
This rally is the perfect storm. It's surreal, it's like watching a movie.
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.
crude giving lack patient problem wrong
We're giving the patient the wrong medicine. The problem is not the lack of crude oil.
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,
concerned delicate major people supply
We're still in a delicate balance, with people still concerned about a major supply disruption.
cake earnings prices unless
Unless (energy) prices collapse, earnings in 2006 will make 2005 look like a cake walk.
comment saying send source
What he's saying makes a lot of sense. Unfortunately, the source of the comment is going to send jitters in the market.
continue higher highs lower volatility
Volatility will continue and we are going to see higher highs and lower lows.