Mark Pervan
Mark Pervan
fact good likely lower moving price share
It was a good outcome. The share price is probably likely to keep moving upward, so the fact that they were able to get more away at a lower price is probably a good thing.
strength surprised upside
The market, again, has been completely surprised on the upside - it completely underestimated the strength of the market.
crude drop fueled larger oil
The drop in crude oil was larger than expected, and that fueled buying.
capital certainly expecting generous management market
The capital management was certainly on the cards, but the market wasn't expecting such a generous offer.
appear chinese demand determine line physical prices supply trying
The Chinese are trying to put a line in the sand, and they appear to be a lot more aggressive. But what will determine prices won't be talk, but physical supply and demand, and demand is still very strong.
buyers coming iran situation
The Iran situation is not going to go away so I see buyers coming in at the dip.
gasoline increase partly release reserves strategic supplies
The increase in gasoline supplies could partly be just the release of U.S. strategic reserves being accounted for now.
ahead market
The market would be positioning ahead of that deadline.
caused cautious damage filtering gulf hurricane information market oil
The market is still very cautious about the damage caused by Hurricane Rita, and they're just digesting new information filtering in about damage to oil rigs in the Gulf of Mexico,
concern demand driven driving fall gasoline heavy leading period summer supply
The market's been driven up on the concern that gasoline supply could fall leading to the heavy demand period of the summer driving season.
assets closely companies market oil progress report seeing watching
The market is closely watching out for the report as a way of seeing the progress that oil companies and refiners are making in getting their assets back online,
becoming concerned full gasoline less market shows supplies towards
The market is becoming less concerned about gasoline supplies in the US. It shows the US refineries are getting towards full capacity.
market money strong wants
It's had such a strong run. There's a lot of short-term money in the market that probably wants to take a profit, like hedge funds.
coming funds level metals second
There's a heightened level of funds coming into the metals in the second quarter.